• CJHDevCo prepares to vacate Camp John Hay

    0

    The state-owned Bases Conversion and Development Authority (BCDA) has welcomed the decision of the Sobrepeña-led Camp John Hay Development Corp. (CJHDevCo) to vacate Camp John Hay and turn over all its buildings and facilities in good and tenantable condition to the BCDA.

    BCDA President and CEO Arnel Paciano Casanova welcomed the move but at the same time cautioned buyers, locators and sub-lessees in Camp John Hay not to be misled by the Sobrepeña-led CJHDevCo, which he said is trying to avoid their liability to BCDA.

    CJHDevCo filed on Friday a Judicial Confirmation before the Regional Trial Court of Baguio that would pave the way for the implementation of CJHDevCo’s exit in Camp John Hay. The filing of the Judicial Confirmation will allow the Baguio RTC to issue a Writ of Execution to enforce the exit and turnover of the property.

    Casanova advised locators in Camp John Hay to seek legal counsel to ensure that their rights and interests will be protected.

    “The last thing we want to happen is for their contracts to be a worthless piece of paper like what happened with the College Assurance Plan (CAP),” he said.

    Casanova said all buyers, sub-locators, hotel unit owners and sub-lessees should not believe that they are not affected by the recent decision of the Philippine Dispute Resolution Center Inc. (PDRCI).

    According to Casanova, under the recent decision of the PDRCI, the BCDA is ordered to return to CJHDevCo the amount of P1.42 billion, which CJHDevCo paid to the BCDA as lease payments.

    “Simply put, CJHDevCo will be refunded the entire amount it paid to the BCDA but there seems to be no action on the side of CJHDevCo to refund the buyers and sub-lessees,” Casanova said.

    The other decision of the PRDCI is for CJHDevCo “to VACATE the Leased Premises and promptly deliver the Leased Property, inclusive of all new constructions and permanent improvements introduced during the term of the Lease as reckoned from the execution of the Original Lease Agreement to Respondent [BCDA] in good and tenantable condition in all respects, reasonable wear and tear excepted.”

    Casanova urged the buyers, sub-locators, hotel unit owners and sub-lessees to run after the CJHDevCo. He said that the only way for the CJHDevCo’s victims to recover their investments and protect their interests is to lay claim to the P1.42 billion.

    CJHDevCo is owned and managed by Fil-Estate Corporation, chaired by Robert John Sobrepeña, who also owns and manages the College Assurance Plan, the pre-need company charged with having defaulted on its obligations to plan holders, and the Metro Rail Transit Development Corporation (MRTDevco).

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.