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BY MAE SINGUAY
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Wednesday, February 21, 2018
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BACOLOD City – Mayor Evelio “Bing” Leonardia has signed the memorandum of agreement (MOA) between the city government and the Bacolod Real Estate Development Corp. (Bredco).
The MOA extends Bredco’s management of port operations in the city government-owned 5-hectare lot for another 25 years.
It also requires Bredco to give the city government an annual P6-million compensation, which will be subjected to a 25-percent increase every five years.
The MOA will be endorsed to the city council for ratification, Leonardia said.
The mayor also defended the city council’s move granting him the authority to sign the MOA, saying that it was “not too early.”
It was October last year when former Bredco president Simplicio Palanca wrote the city government a letter expressing his interest to extend Bredco’s port operations, Leonardia said.
But it was only this month that the city government acted on the letter.
A public hearing – attended by city officials, current Bredco president John Alonte and other stakeholders – was conducted on Feb. 5 to discuss Bredco’s request.
It was the same hearing when Alonte agreed to give the city government the yearly P6-million compensation from the current P800,000 under the 1995 CRRA.
“They should remember that the same top leadership pushed to take over the management of the port in 2005 by way of an ordinance, citing a long list of violations allegedly committed by Bredco,” Paduano also said.
Though he acknowledged that there was a case between the city government and Bredco in 2005, Leonardia clarified that he was not the city mayor at that time.
Alonte earlier said they are planning to make the Bredco port “world-class,” thus the contract extension./PN
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