Capitol terminates lease contract with real estate company; threatens criminal, admin charges vs Davide

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CEBU CITY, Philippines — The Cebu provincial government has terminated its lease contract with a real estate developer citing "alleged anomalies" in the transaction which they inked in

Lawyer Marino Martinquilla shows the P25 million showroom which a real estate company built at a province-owned lot located at the Cebu IT Park for a P50 per square meter lease. /Rosalie Abatayo

Lawyer Marino Martinquilla, Capitol legal management consultant, said that the lease contract failed to comply with the procurement process mandated by law. Martinquilla said that developer is paying a lease of P50 per square meter for the 849 square meter lot located at the Cebu IT Park which they are leasing from the provincial government. The lease contract was signed on April 2014 and is valid for a period of six years or until April 2020.. It is because, when we looked into the documents, wala moagi og procurement process. Wala moagi og bidding to determine the lessee.

On July 18, Garcia sent a letter to the real estate developer informing them of the termination of the lease contract.

 

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