Baguio awaits HSDC decision on Maharlika building turnover
>> Monday, November 22, 2021
BAGUIO CITY -- The city government
is currently awaiting the decision of the State-owned Human Settlements
Development Corporation (HSDC) on possible turnover to the local government
management and operation of the Maharlika Livelihood Center here that could be added
income generating project.
Earlier, agriculture officials committed to their local counterparts that its attached agency, HSDC, will turn over to the local government management and operation of the MLC next year or three years before the lapse of the 50-year lease period that had been granted to the developer of the city-owned landholding.
However, the City Budget officer disclosed the proposed turnover of the management and operation of the facility was referred by the HSDC to the Government Commission for Government-Owned and Controlled Corporations (GCG) for evaluation and assessment and that the Commission’s recommendation on the matter is being awaited.
She claimed that based on the feasibility study by the city’s local finance committee, the local government stands to earn around P50 million additional income annually once management and turnover of the facility to the city will be realized.
According to her, the city also plans to fix rental rates of the facility once it will be turned over to the city so that it will be easier for the local government to project the income that will be generated once it will manage and operate the structure.
Supposedly, the 50-year lease period of the MLC will expire in April 2025 since the same was perfected in 1975.
Mayor Benjamin B. Magalong requested the city’s finance committee to consider commissioning of a third party by the city because the local government does not have the expertise to do so to ensure that it will be appropriately managed and operated as it is one of the city’s show windows.
He said there were numerous companies that have signified their intention to operate and manage the facility.
The MLC stands on the former site of the Baguio Stone Market, which was gutted by fire in 1970 and demolished in the mid-1970s.
In 1972, the Baguio city council leased the property to MAR-BAY and Co., Inc., which was given the right to build and manage the Maharlika Livelihood Center for 25 years.
In 1975, the Baguio city council extended the lease period of MLC to 50 years, with the lease set to expire on April 27, 2025.
In 1980, the city council acknowledged the transfer of MAR-BAY’s rights to the MLC to the Human Settlements Development Corporation (HSDC) including additional developments built by MAR-BAY in the property such as the MAR-BAY Baguio Plaza Hotel and MAR-BAY shopping center.
The HSDC is an attached agency of the Department of Agriculture.
In 2009, President Gloria Macapagal Arroyo issued a directive to the DA to hand over the retail complex to the city government since it does not fulfill any agriculture-related function.
However the retail center remained under HSDC until the end of Arroyo’s presidency. -- Dexter A. See
Earlier, agriculture officials committed to their local counterparts that its attached agency, HSDC, will turn over to the local government management and operation of the MLC next year or three years before the lapse of the 50-year lease period that had been granted to the developer of the city-owned landholding.
However, the City Budget officer disclosed the proposed turnover of the management and operation of the facility was referred by the HSDC to the Government Commission for Government-Owned and Controlled Corporations (GCG) for evaluation and assessment and that the Commission’s recommendation on the matter is being awaited.
She claimed that based on the feasibility study by the city’s local finance committee, the local government stands to earn around P50 million additional income annually once management and turnover of the facility to the city will be realized.
According to her, the city also plans to fix rental rates of the facility once it will be turned over to the city so that it will be easier for the local government to project the income that will be generated once it will manage and operate the structure.
Supposedly, the 50-year lease period of the MLC will expire in April 2025 since the same was perfected in 1975.
Mayor Benjamin B. Magalong requested the city’s finance committee to consider commissioning of a third party by the city because the local government does not have the expertise to do so to ensure that it will be appropriately managed and operated as it is one of the city’s show windows.
He said there were numerous companies that have signified their intention to operate and manage the facility.
The MLC stands on the former site of the Baguio Stone Market, which was gutted by fire in 1970 and demolished in the mid-1970s.
In 1972, the Baguio city council leased the property to MAR-BAY and Co., Inc., which was given the right to build and manage the Maharlika Livelihood Center for 25 years.
In 1975, the Baguio city council extended the lease period of MLC to 50 years, with the lease set to expire on April 27, 2025.
In 1980, the city council acknowledged the transfer of MAR-BAY’s rights to the MLC to the Human Settlements Development Corporation (HSDC) including additional developments built by MAR-BAY in the property such as the MAR-BAY Baguio Plaza Hotel and MAR-BAY shopping center.
The HSDC is an attached agency of the Department of Agriculture.
In 2009, President Gloria Macapagal Arroyo issued a directive to the DA to hand over the retail complex to the city government since it does not fulfill any agriculture-related function.
However the retail center remained under HSDC until the end of Arroyo’s presidency. -- Dexter A. See
0 comments:
Post a Comment