Jul 29, 2017 @ 20:52

The Rufino-Prieto household lastly broke their silence over the long-running, public tirade of President Rodrigo Duterte and his males on their refusal to vacate a government-owned property, the most recent of which was Solicitor General Jose Calida calling them the “Philippine Daily Iskwater” , a mockery of the newspaper managed by the household.

In an announcement, the family-owned Sunvar Realty Development Corp. claimed that it made a “full advance payment” of P16.eight million for the lease of a 2.9-hectare property positioned between Dela Rosa and Arnaiz streets in Legazpi Village, Makati City overlaying the unique 25-year lease contract, from 1977 through the Marcos administration to 2002 through the Arroyo administration, and the 25-year extension as much as 2027.

Sunvar’s lawyer, Alma D. Fernandez-Mallonga of the Siguion Reyna, Montecillo & Ongsiako Law Office, mentioned: “This payment is equivalent to acquiring 14,000 square meters of buildable property in Legaspi Village.”

Fernandez-Mallonga mentioned that when Sunvar signed the lease contract with the defunct Technology Resource Center Foundation Inc. (TRCFI) in 1977, the property was “a strip that had no road, clean water, drainage, electricity or communication.”

She claimed the lease worth Sunvar paid was “comparably more than fair, around equal to purchasing the property at the time” with solely half of the property “usable for building construction.”

“Sunvar developed where possible and subleased the rest to other property developers with the same rights it had under the TRCFI lease agreement. And so besides the original intent of Makati Square Amorsolo side access and parking area, the once barren land was improved with The Gallery building, Mile Long Theme Center building, Premiere THX Cinema, and more,” she mentioned.

Fernandez-Mallonga claimed that Sunvar was initially serious about leasing solely three,000 sq. meters of the property for use as parking for its Makati Square buyers and moviegoers however finally agreed to the “all- or-nothing” supply to hire all the advanced in August 1980.

She mentioned Sunvar suggested the federal government of its plan to train its “exclusive option” to increase the lease for one other 25 years in 2027. Sunvar’s lawyer mentioned the federal government ought to respect the sanctity of public-private contracts which was why it opposed in courtroom plans by the National Power Corp., the last word proprietor of all the advanced, to finish the deal and promote the prime property in 2002.

Sunvar additionally took exception to being singled out by the federal government among the many occupants of Napocor’s 125,000- sq. meter property. The lawyer mentioned there have been squatters within the property but it surely was not Sunvar.
“There are other occupants, including Ecology Village residents, the Makati police headquarters, fire station and post office, the Don Bosco parking lot, and informal settlers,” mentioned Fernandez-Mallonga
“As of this writing, the government has only publicly stated wanting to eject the occupant that advanced a P16.8-million lease with a contract until December 2027,” she added.


Philippine Daily Iskwater: Calida orders fast eviction of Rufino-Prieto from Mile Long property

Source: politics.com.ph