Privatization and Management Office

Management Committee (ManComm)

Thursday, August 23, 2018 at 2:00 PM
6th Floor, Conference Room

AGENDA

I. Marketing Division I
Disposition:

1. PMO Endorsements to PrC, for Approval:

a. Privatization plan for unserviceable properties of VMC Rural Electric Cooperative

(VRESCO);
b. Privatization Plan for the properties of Al-Amanah Bank in Gen. Santos and
Saranggani;
c. Privatization Plan of former CB-BOL property located in Pasay City;
d. Privatization Plan for the former property of Carruf Development Corp., Condominium
Unit in Legaspi Towers 300;
e. Privatization Plan for property of Development Bank of Rizal;
f. Privatization Plan for the former property of Elorde Sports and Tourism Development
located in Sucat, Parañaque City;
g. Request for Confirmation of Retention Fund from proceeds of Sales/disposition of
assets for June to July 2018;
h. Request for Confirmation on utilization of Revenues from the lease of NG/Makati
property for payment of costs and expenses for Q2 2018;
i. Privatization Plan for properties of Pioneer Glass and Manufacturing Corp. located in
Rosario, Cavite (Awaiting for in-House Appraisal); and
j. Privatization Plan for the properties of Leyte Park Hotel, Inc. located in Tacloban City
(Awaiting for the 2nd appraisal of a 3rd Party Appraiser).

Updates:

1. VMC Rural Electric Service Cooperative (VRESCO) now Northern Negros Electric
Cooperative (NONECO)

a. Will no longer claim for the storage fee.

b. The proposed Php 15,000 rental fee per month by PMO is acceptable with them but
reckoning period of collection should commence by January 2016.

2. Leyte Park Hotel, Inc. (LPHI) – For assistance from Legal services

Letter dated August 3, 2018 from the City Treasurer’s Office of City Government of
Tacloban, informing PMO of the amended Real Property Tax Assessment/Notice of
delinquency amounting to Php 51,260,108.71 covering 2005 to 2018.

Previous assessment (Notice of Delinquency) dated May 4, 2018 of the City

Treasurer’s Office on unpaid RPT of former property of LPHI covering period 1996 to 2018
is in the amount of Php 84,107,005.04.

1|Page
 3. Mile Long Complex

a. Collections and Estimated Receivables as of 31August 2018

b. Total Number of Tenants
c. Available Units
d. Other Receivables

II. Marketing Division II

Disposition:

1. Development Bank of Rizal

Submitted to PrC the disposition/privatization plan to offer for sale through Public
Bidding the Tagaytay property at an Indicative Price of ₱6,0049,000.00.

Updates:

1. PMO-CARP covered properties

a. Golden Country Farms, Inc.

Received updates from Mr. Ramil Basbacio of LBP-AOC IV through an e-mail dated
August 14, 2018 for the following lots.

ITEM TCT No. Total Land CARPable LBP Valuation Balance

NO. Area Area (annotated in (Hectares)
(Hectares) (annotated in the TCTs)
the TCTs)
1 P3073 10.8112 10.8112 - ** -
2 T-13218 14.9692 1.3615 252,233.21 13.6077
3 T-13217 4.4991 2.0279 375,691.31 2.4712
4 T-13216 14.9720 1.2136 224,833.07 13.7584
5 T-13215 4.3781 2.0968 390,508.05 2.2813
6 T-13214 4.3789 4.3789 808,333.99 0.0000
7 T-11637 4.3794 4.1973 774,811.99 0.1821
8 T-11639 604.3258 22.5000 - ** 581.8258
Total 662.7137 48.5872 2,826,411.62 614.1265

2. Meetings with DBP and DAR representatives on August 6 and 16, 2018

a. Northern Cement Corporation (NCC)

DBP provided PMO lists of CARP-covered properties from LBP as of December 31,
2016 in the amount of P700 million.

2|Page
 b. Basay Mining Corporation/CDCP, Golden Country Farms, Inc. and Philippine
Smelters Corporation.

Requested DAR for an update on the status of the subject PMO landholdings.

3. Menzi Development Corporation

Received letters dated July 31, 2018 from LB-AOC Region X concerning the Orders to
Deposit (OTD) on the following PMO landholdings located in San Isidro, Talakag,
Bukidnon.

TCT No. Total Area Area Covered Amount deposited on

(in (in hectares) July 30, 2018
hectares) (Php)
T-25996 11.2659 6.8397 580,420.23
T-25973 20.2402 19.0074 2,008,599.91
Total 31.5061 25.8471 2,589,020.14

4. PMO Unserviceable Properties

Mr. Hermenegildo G. Yamzon was not able to complete the pullout of the
unserviceable properties from the SCAIC warehouse on August 9 and 10, 2018 due to
illness.

V. Marketing Division III

Updates:

1. Request for CSD for the Physical Turnover of NCA Iligan Unserviceables to RRDA
Trading.
2. Turn-over of Title T-142913 to the Heirs of Esteban Baldesco (Vendee) for titling.

Other Matters:

1. MD3 Program for Easy Retrieval of its Records in SCAIC.

2. Reports on the Makati City Wide Earthquake Drill held on August 16, 2018, 2:00
pm.
3. BOL Assets Concerns

VI. Legal Services

1. Pantranco Case NLRC NCR Case Nos. 00-12-0742-92
2. PMO vs Fastel
3. Cabasada vs Duterte, PMO et al: PMO filed a Motion to Dismiss.
4. Datuin vs PMO
5. Reply to PMO letter on Real Property Tax Exemption In General Santos City

VII. CSD
1. Dismantling & Replacement of Two (2) Overhead Steel Water Tanks

3|Page
 2. Estimated expenses for a three (3) years contract on security services (2019-
2022)

VIII. DSSD
1. Pioneer Glass - Rosario, Cavite
2. NDMC Basement Temporary Storage
3. Updates on SCAIC 50 sq.m. Storage Area
4. DOF Waste Valuation
5. PMO office in DOF

IX. Administrative Division

1. PBB 2017

X. Financial and Management Division

1. Senate Public Hearing on FY 2019 Budget

4|Page