MERGED: South Road Properties (SRP) News, Issues, and Developments

[LytSlpr]

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ngano kaha di ka implement ang province og daghang developmental projects na much money man unta? richest province gud

ana gyud na basta storya ra kutob.

OT: nakahinumdom hinuon ko sa previous president sa among homeowners nga in his term kuno naka collect kuno siya ug revenues nga 2 Million unya pag naog niya, pag puli sa lain president gipa-audit unya majority sa kwarta sukad pa di'ay to sa panahon ni Noah. human pag palit ug mga materials para sa maintenance ang hardware nangutana sa new president, "pila man atong ibutang sa resibo ma'am?"

so this story has a close similarity with what is happening right now...

puro media-ops, kuwang sa project, daghan trampas.

[gikapoy]

mai pa mangayo sila advice kang tomas kung unsaon nang hunasan..
awa ang dagat sa cebu city.. ang bird sanctuary nga gi tawag ni gwen... naa na income

careful and longterm planning

[leonell]

per bisag ubay-ubay napod ang investors ang SRP.......... na gihapon migratory birds nga mu landing ngadto. This is good ecologically speaking since there are foreign birds in the City Center? You could not find it in Manila.

[marckie258]

Wla na gisakyan nasad sa Capitol...
Mang lawgaw nasad.


Capitol warns SM on SRP deal
(The Freeman) Updated November 06, 2009 12:00 AM

CEBU, Philippines - Saying that if it does not want to end up like the Filinvest Land Inc. which now has a pending case before the Office of the Ombudsman-Visayas, the provincial government yesterday warned SM Properties that it should carefully review the contract it will sign with Cebu City for the sale of a portion of the South Road Properties.

“We welcome them. It will be good for everybody concerned. Ang amo lang they make sure to read carefully or they can take a copy of our complaints with the Ombudsman unsa among legal ug factual position,” said Capitol Consultant Rory Jon Sepulveda in a press conference at the governor’s office.

SM Properties had earlier proposed to purchase 30 hectares of the SRP at P2.7 billion.

Early last month, Governor Gwendolyn Garcia charged Mayor Tomas Osmeña, Vice Mayor Michael Rama and Cebu City council members and FLI vice chairman Andrew Gotianun Jr. for what she described as a “grossly disadvantageous” joint venture agreement between the city and the private land developer.

Garcia filed criminal and administrative complaints, and sought the preventive suspension of the respondent Cebu City officials.

In that complaint, the province alleged that FLI “acted and conspired” in a deal which was “greatly prejudicial to the interests of the City of Cebu”.

Sepulveda said that as stated in that complaint, SM should take note, among other reasons why it was filed, that private corporations cannot buy reclaimed lands owned by the government.

The city and FLI entered into a joint venture agreement to develop the 50-hectare portion of the 295-ha SRP. FLI has agreed to pay the city P25 billion for the reclaimed property, where an outright purchase of the first 10 hectares and the installment basis were agreed upon, the same with the profit-sharing scheme with the city.

The province questioned the “outright purchase” of the 10 hectares by FLI as it was without a sealed bidding.

Also, Garcia contended that the city government cannot sell reclaimed lots without the authority of Congress as stated by the Commonwealth Act No. 141.

Sepulveda said that they are “not discouraging” SM to purchase parcels of the SRP, but it should also take note of the legal procedures upon which FLI has failed to consider.

“We are not against SM, we welcome them. Our unsolicited advice; they should carefully review the situation—the joint venture ordinance, the Supreme Court pronouncement on reclaimed properties. We’re not discouraging them, we are helping them to ensure di mo-violate the same thing we raised against FLI,” he said. — Liv G. Campo/BRP (THE FREEMAN)

[rockrhyan1982]

unsa may gusto aning kapitol para sa SRP?

[marckie258]

unsa may gusto aning kapitol para sa SRP?

gus2 cguro nila himuon og hunasan parehas sa ilaha Balili lot.

[rambutan]

nangayu ra nag grocery si gwen.. hehehe

[gikapoy]

laway napud ang capitol??

cge panaway nga bankrupt ang cebu city tungod sa SRP?
pila gasto sa SRP.. murag 6billion man tingali to

karon pilay offer sa mga mo palit?
FLI has agreed to pay the city P25 billion for the reclaimed property
SM Properties had earlier proposed to purchase 30 hectares of the SRP at P2.7 billion.

maski installment... bahalag ginagmay basta kanunay
long term nga income

multiplier effect

[rockrhyan1982]

pwerting lawaya!hahaha

[kwicksilver]

mao jud, ngita ug capital nang mga ungas para sa election.

gusto jud hagiton nila si tomas dah. tsk tsk tsk

basig ma ulawan napud ni sila.