EMANO-PADAYON PILIPINO-UKC

BUILDERS, INC

Flagship Projects

Among the

ILL-GOTTEN WEALTH plundered by the Emano-Padayon Pilipino-Ukc Builders, Inc. from the City’s Coffers

Among the

‘CONTINUING INJURIES’ now being suffered/burdened upon the Filipinos of

Cagayan de Oro City

and the entire Republic of the Philippines

1. West-Bound Terminal & Public Market

27.) The CONTRACT FOR PUBLIC WORKS of the Westbound Terminal & Public Market is per se a REAL PROPERTY as defined by the Civil Code, as thus, a wealth in itself.[5]

28.) OVERWHELMING PROFIT as project is tremendously overprized and not commensurate to actual cost.

29.) INCREASE IN MARKET VALUE of UKC Builders, Inc. land properties directly surrounding the Bulua Public Market.

30.) MORE PROFIT from expropriation of residential land properties surrounding the area.

1.) The people NOW pays/subsidizes around 85% to 90% of the total Land Bank loan for 15 years at 11% interest per annum or P38,132,503.97 OR P38 million in interest alone yearly OR a total of P572 million for the next 15 years as the project is practically a “white elephant” considering that only around 15% to 10% of the project is actually earning money due to:

(a.) high market stall rental rates,

(b.) inaccessibility to the public and

(c.) there are already EXISTING four (4) huge public markets Cogon, Carmen, Puerto and Agora and three (3) huge malls Limketkai, Ororama MegaCenter and Gaisano Mall and City, four (4) department stores Ororama Cogon Branch, Ororama Carmen Branch, Gaisano Cogon Branch and Carmen Carmen Branch and a mini-market at Bulua itself along the national highway adjacent to the Bulua over-pass.

2.)The land property, the public market, the PUJ Terminal, the PUB Terminal and the Administration Building are now registered as mortgaged to Land Bank of the Philippines as additional collaterals aside from the Deed of Assignment of the Internal Revenue Allotment (IRA) which is no longer sufficient for the granting of the P250 million loan for the construction of the 5th Kagay-anon Bridge, another EMANO-PADAYON PILIPINO-UKC Builders, Inc. project.

2. South Diversion Road & Bridge ( Taguanao-Balulang Bridge )

31.) The CONTRACT FOR PUBLIC WORKS of the South Diversion Road & Bridge ( Taguanao-Balulang Bridge )is per se a REAL PROPERTY as defined by the Civil Code, as thus, a wealth in itself.[6]

32.) OVERWHELMING PROFIT as project is tremendously overprized and not commensurate to actual cost.

33.) MORE PROFIT from expropriation of residential land properties surrounding the area.

3.) The People NOW pays for the Land Bank loan for 15 years at 12% interest OR P48,000,000.00 or P48 million per year in interest alone or P720,000,000 or P750 million in the next 15 years for a project that is practically considered as another “white elephant” because of its

(a) inaccessibility from the center of the city,

(b) circuitous route and

(c) desertedness.

4.) Destruction of the priceless Cagayan de Oro archeological heritage – the Huluga Cave and Archeological Site;

3. Redevelopment of Carmen Public Market

34.) The 20-years Build-Operate-Transfer (BOT) CONTRACT for the Redevelopment of Carmen Public Market is per se a REAL PROPERTY as defined by the Civil Code, as thus, a wealth in itself.[7]

35.) The DEMOLISHED BUILDING MATERIALS before the implementation of the 20-year BOT project;

36.) The BUILDING/

STRUCTURE of the Carmen Public Market itself is now owned by the Emano-PaDayon Pilipino-UKC Builders, Inc. until the next 20-years;

37.) A TOTALLY RISK-FREE BOT CONTRACT PROVISION that the 80%-20% repayment scheme or revenue sharing scheme be based on PROJECTED RENTAL COLLECTION/ INCOME to be turned over by the City Government to EMANO-PADAYON PILIPINO-UKC Builders, Inc. and not on ACTUAL RENTAL COLLECTION/ INCOME serving as an INSURANCE OR CONSTANT SOURCE OF INCOME for Emano and his co-conspirators for the next 20 years;

38.) OVERWHELMING PROFIT as project is tremendously overprized and not commensurate to actual cost.

5.) The People of Cagayan de Oro and the City Government are the ones paying for any risk that the EMANO-PADAYON PILIPINO-UKC Builders, Inc. incur in this supposed BOT contract as it contains what the Commission on Audit (COA) as “unreasonable” provisions on the 80%-20% repayment scheme or revenue sharing approved and revised by the Emano-PaDayon Pilipino administration;

6.) In the COA Annual Audit Report 2006, the auditors reported that the City Government has shelled out P39 million for both the Carmen and Cogon Public Markets under the EMANO-PADAYO PILIPINO-UKC Builders, Inc. management. The COA described these BOT Contracts as “disadvantageous to the coffers of the City Government;

7.) Hundreds of vendors are now displaced and those who are left are paying stall rental rates that are set higher than the local malls and department stores per square meter in a daily basis as this is pursuant to the dictates of the EMANO-PADAYON PILIPINO- UKC Builders, Inc.;

4. Redevelopment of Cogon Public Market

39.) The 25-years Build-Operate-Transfer (BOT) CONTRACT for the Redevelopment of Cogon Public Market is per se a REAL PROPERTY as defined by the Civil Code, as thus, a wealth in itself.[8]

40.) The DEMOLISHED BUILDING MATERIALS before the implementation of the 25-year BOT project;

41.) The BUILDING/

STRUCTURE of the Cogon Public Market itself is now owned by the Emano-PaDayon Pilipino-UKC Builders, Inc. until the next 25-years;

42.) A TOTALLY RISK-FREE BOT CONTRACT PROVISION that the 80%-20% repayment scheme or revenue sharing scheme be based on PROJECTED RENTAL COLLECTION/ INCOME to be turned over by the City Government to EMANO-PADAYON PILIPINO-UKC Builders, Inc. and not on ACTUAL RENTAL COLLECTION/ INCOME serving as an INSURANCE OR CONSTANT SOURCE OF INCOME for Emano and his co-conspirators for the next 25 years;

17.) OVERWHELMING PROFIT as project is tremendously overprized and not commensurate to actual cost.

8.) The People of Cagayan de Oro and the City Government are the ones paying for any risk that the EMANO-PADAYON PILIPINO-UKC Builders, Inc. incur in this supposed BOT contract as it contains what the Commission on Audit (COA) as “unreasonable” provisions on the 80%-20% repayment scheme or revenue sharing approved and revised by the Emano-PaDayon Pilipino administration;

9.) In the COA Annual Audit Report 2006, the auditors reported that the City Government has shelled out P39 million for both the Carmen and Cogon Public Markets under the EMANO-PADAYO PILIPINO-UKC Builders, Inc. management. The COA described these BOT Contracts as “disadvantageous to the coffers of the City Government;

10.) Hundreds of vendors are now displaced and those who are left are paying stall rental rates that are set higher than the local malls and department stores per square meter in a daily basis as this is pursuant to the dictates of the EMANO-PADAYON PILIPINO- UKC Builders, Inc.;

11.) One of the respondents City Councilor Reynaldo Advincula established his own stalls on the third floor of the Cogon Public Market;

5. Kagay-an 5th Bridge

18.) The CONTRACT FOR PUBLIC WORKS of the South Diversion Road & Bridge ( Taguanao-Balulang Bridge )is per se a REAL PROPERTY as defined by the Civil Code, as thus, a wealth in itself.[9]

12.) The people NOW pays the Land Bank loan for 15 years at 12% interest per annum or P30,000,000.00OR P30 million in interest alone yearly OR a total of P 450,000,000 or P450 million for the next 15 years:

Creditor

UKC Builders, Inc. Project

Amount

Term of Loan

(Period & Interest)

Land Bank of the Philippines

West-Bound Terminal and Public Market

P346,659,127.08

15 years at 11% interest

Land Bank of the Philippines

South Diversion Road and Bridge

P400,000,000.00

15 years at 12% interest

Land Bank of the Philippines

Kagay-an 5th Bridge

P250,000,000.00

15 years at 12% interest

TOTAL

P996,659,127.08

UKC Builders’ Project

80% Revenue Share of Proponent per Annum

Total Revenue Share after Full Payment

CARMEN Market (Ground Floor with the PUJ Terminal)

P12,436,408.48

P248,728,169.60

Cogon Market (Ground and Second Floor)

P46,490,879.72

P1,162,271,993.00

GRAND TOTAL

P58,927,288.20

P1,411,000,162.60

4. Redevelopment of Carmen Public Market

P118,006,529.81

UKC Builders, Inc.

Emano Administration

5. Redevelopment of Cogon Public Market

P252,487,477.20

UKC Builders, Inc.

Emano Administration

GRAND TOTAL

P370,494,007.00

Project

Project Actual Cost

Revenue Share after Full Payment

UKC Builders, Inc. PROFIT

Redevelopment of Carmen Public Market

P118,006,529.81

P248,728,169.60

P130,721,639.19

Redevelopment of Cogon Public Market

P252,487,477.20

P1,162,271,993.00

P909,784,515.80

GRAND TOTAL

P370,494,007.00

P1,411,000,162.60

P1,040,506,154.99