BCDA gains support from Baguio City in efforts to collect P3billion from CJHDevCo
Posted: July 27, 2012 | Category: Freeport And Ecozones
BCDA GAINS SUPPORT FROM BAGUIO CITY IN EFFORTS TO COLLECT P3 BILLION FROM CJHDEVCO. The Local Government Unit (LGU) of Baguio City headed by Mayor Mauricio Domogan expressed support to the state-owned Bases Conversion and Development Authority (BCDA) and its subsidiary, the John Hay Management Corporation (JHMC) in efforts to collect the P3 billion debt of the Camp John Hay Development Corporation (CJHDevco) to the national government. This development came after BCDA President Arnel Paciano D. Casanova presented the status of the Camp John Hay lease agreement to the members of the Baguio City Council in a recent meeting held in Baguio City. According to BCDA, the Baguio City stands to receive 25% or P750 million of the total unpaid rentals, which will be used for the LGU’s development projects. Attending the meeting were (seated from left) Councilor Philian Louise C. Weygan-Allan, Mayor Domogan, President Casanova and JHMC President Dr. Jamie Eloise M. Agbayani. Standing from left: Councilor Fred L. Bagbagen, Engr. Jose Fernandez, Baguio City Legal Officer Atty. Melchor Rabanes, Councilor Peter C. Fianza, Executive Assistant to the City Mayor Ryan Olat Mangusan, Councilor Erdolfo Balajadia, JHMC Director Atty. Ceasar Oracion, Councilor Nicasio Palaganas, JHMC Director Leandro Yangot, Councilor Elmer Datuin, JHMC Director Atty. Laurence Wacnang and Councilor Richard Cariño. Baguio City Vice Mayor Daniel Fariñas also attended the meeting.