Bacolod mulls nullifying sale of Baywalk property-A A +A
Friday, March 15, 2013
ONE of the possibilities that the Bacolod City Government may do if the purchase of a parcel of property by the Almana Property Development Corporation is proven illegal is to file a case in court and seek the nullification of the purchase, a councilor said.
Councilor Caesar Distrito said that under the Comprehensive Revised Reclamation Agreement (CRRA) all roads and aprons are owned by the City Government of Bacolod, a party to the CRRA along with the Bacolod Real Estate Development Corporation (Bredco).
However, councilor said he will still wait for the report of the concerned local government agencies on the matter.
He said the city is not against such business but it has to comply with the requirements of the law and also prove that its purchase is valid and legal.
The city can resort to the filing of a case to declare such purchase as null and void in case it is proven and the city can get back the property and Bredco should put the title under the name of the City Government of Bacolod, he said.
He added that all these are subject to the confirmation of the concerned government agencies.
The Bacolod City Council earlier authorized Distrito as chairman of the Committee on Laws and Ordinances to call a public hearing and conduct an inquiry on the four issues raised in his proposed resolution relative to the acquisition by Almana of the property at the Reclamation area where Baywalk is currently located. (CNC)
Published in the Sun.Star Bacolod newspaper on March 15, 2013.