No money for Jaraula’s P300 million building – Emano

April 1, 2008

CAGAYAN DE ORO – Vice-Mayor Vicente Emano disclosed that there is still no money for City Mayor Constantino Jaraula’s plan to construct a P300 million legislative building that was just inaugurated last week.

He said the ground breaking ceremonies during the visit of Tainan Mayor HsuTain Tsair and wife Ambassador Hsin-Hsing Wu were actually only a ‘show’ for the sister city’s top officials.

“Wala mani kwarta. Nag-ground breaking lang kay naa man sila. (There is no money for the legislative building. This ground breaking ceremonies are only held for the officials from Tainan),” he said.

When further prodded on during his regular radio interview, Emano said, “Ambot asa siya ug kwarta para niini nga ang P500 millions nga loan para manto buy-back sa Cogon ug Carmen (I do not know where Jaraula will get the money to build this legislative building as the P500 million loan is already allocated to buy back Cogon and Carmen public markets).”

As of Dec. 31 2006, City Hall has the following outstanding debts with Land Bank: P346,659,127.07 for the Bulua Market and Terminal at 11 percent interest with 15 years to pay; P400 million for the South Diversion Road and Bridge and P250 million for the 5^th Kagay-anon Bridge.

The securities offered to incur already include a Deed of Assignment of City Hall’s Internal Revenue Allotment (IRA) and the mortgaging of properties that are merely covered by conditional deeds of donation which can be violated and have owners asking for their properties back.

Meanwhile, sources from the Land Bank of the Philippines revealed that they have neither received documents for this P500 million loan to buy back the Build-Operate-Transfer (BOT) contracts covering Cogon and Carmen public markets nor the papers for the P300 million loan for City Hall’s legislative building.

However, they said it is possible that the documents were directly forwarded to their headquarters in Manila (LBP-Manila).

City Hall’s treasurer Lino Daral earlier issued a statement that there was already a P50 million allocation to kick-off Jaraula’s legislative building.

The administration-led City Council last year approved an ordinance authorizing Jaraula to negotiate for a P300 million loan for the construction of the legislative building.

But as the opposition and even some administration city councilors balked at this huge amount, Jaraula proposed that the P300 million will now include the cost for the purchase of P90 million brand new heavy equipments for City Hall as well as much-needed smaller garbage trucks to navigate around smaller streets .

Two weeks later, however, the P300 million loan ordinance was amended by another legislative measure. This time it was to authorize Jaraula to negotiate for a P500 million loan to now include the payment for the BOT contracts covering the Cogon and Carmen public markets.

Last Thursday, Emano said he had made a recent follow-up on the P500 million when he went to the country’s capital last week.

However, he admitted that LBP-Manila officials told him that LBP president Gary Teves was not around and that he was not the proper person who is actually authorized to make a follow-up on the loan.

“Ila akong gi-ingnan nga ang dapat gyud kuno magfollow-up kay si Mayor Jaraula kay siya man ang mayor ug dunay authority sa konseho (LBP-Manila people told me that it is only Mayor Jaraula who can actually make follow-ups as he is the one duly authorized by the City Council to do so),” he said.

Written by Lizanilla Amarga · Filed Under Cagayan de Oro

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