THE Provincial Board yesterday gave the green light to Gov. Gwendolyn Garcia to sell four Capitol-owned lots to four Provincial Ordinance 93-1 homeowners.
The board resolution approved yesterday authorizes Garcia to enter into purchase agreements with the homeowner associations of Capitol-owned lots 1408, 1253, 1411 and lot 1244 in barangay Kalunasan, Cebu City.
The PB resolution passed yesterday will finally legitimize the home-lot tenure of the members of South Bus Terminal Homeowners’ Association, Valle Estrella Homeowners’ Association, Langub Riverside Homeowners Association Inc. and the Kalunasan United Livelihood Association.
PB Member Alex Binghay said the PB again agreed to have this phase settled “subject to the strict compliance of all existing rules and regulations of the Commission on Audit and of other agencies with relevant laws governing thereto” to the title.
Binghay said the PB has exercised more caution in approving the resolution in light of the lessons learned from the controversial Balili case.
Just like the agreement earlier with Skyview Homeowners’ Association, the four homeowners associations are given six months to pay the purchase price.
The proposed purchase as stated in the Memorandum of Agreement with the aforementioned homeowners associations was pegged by the resolution at P2,120 per square meter for lots 1244 and 1211, and P2,870 per square meter for lots 1253 and 1408.
A copy of the minutes of the meeting of the Cebu Provincial Appraisal Committee last March 8 was provided.
The said amount per square meter price covered the total zonal value, opinion values and schedule of market value divided by two.
After the approval of the resolution, Garcia then met with the PB to discuss the homeowners association’s proposal.
Earlier, Vice President Jejomar Binay who concurrently chairs the Housing and Urban Development Coordinating Council (HUDCC) committed the assistance of the government’s housing financial institutions to the homeowners in getting loans to pay the Capitol. /Carmel Loise Matus, Correspondent