SRP management team created

CEBU City’s 300-hectare South Road Properties (SRP) now has a managing, operation and administration body.

Mayor Michael Rama penned Executive Order (EO) 13-4, which established the Cebu City Local Economic and Investment Management Board (CLEIMB).

The board will handle all of the City Government’s economic enterprise or income-generating offices or entities, including the SRP.

Also included are the city’s markets, abattoir, Fort San Pedro, Cebu City Sports Center (CCSC), Cebu City Resource Management and Development Center (Cremdec) and other offices treated as units under special accounts.

Rama has been pushing for a special body to manage the SRP, so that the property “will not be under the whims of one politician,” considering that the City is investing billions of taxpayers’ money in it.

The mayor said the special body will insulate the SRP from politics and keep it from becoming a milking cow.

The three-page EO signed by Rama on March 14 and obtained by Sun.Star said the CLEIMB will be composed of the mayor or his representative, city administrator, city budget officer, city accountant, and city treasurer.

It will also include the heads and officers-in-charge or representatives of the SRP, city markets, abattoir, Cremdec, Fort San Pedro, CCSC, and other offices under the special accounts.

The CLEIMB will be responsible for the conduct of a feasibility study for any proposed activity for the economic enterprise of the city and recommend the same to the mayor or the City Council for appropriate action.

Aside from this, the CLEIMB will conduct review on the profitability of any economic enterprise; consolidate financial reports of the economic enterprise units and furnish the mayor said reports on a monthly basis; and establish a local economic data bases containing relevant facts and figures.

It will also be responsible in providing assistance to the City’s local finance committee on the estimates for revenues from the economic enterprise units.

Relevant

It will also coordinate with other offices in the promotion of economic activities and maintain relevant and economic and investment information or database, whether local, national or international.

The executive department believes the functions of the CLEIMB, particularly on matters pertaining to the SRP, will not overlap with that of the Cebu Investment and Promotions Center, since the latter, being the City’s marketing arm, is only focused on promoting and marketing the 300-hectare property.

Under the EO, Rama said a business center will be established, or a CLEIMB center, to function as the secretariat of the board.