City to develop idle lots and non-performing assets
Posted on | Saturday, 18 June 2011 | No Comments
by Paul Rillorta
The city government is now looking into its non-performing assets for eventual development.
City Mayor Mauricio Domogan has specifically designated a project study team to pinpoint city- owned idle lots which could be converted into economic hubs.
Domogan said “non-performing assets needs to be utilized into more productive and self-sustaining economic ventures in order to optimize its use.”
Administrative Order No. 68 series of 2011 specifically designates members of the project study team to study city properties as an income- generating project composed of the Office of the City Planning and Development Coordinator, Office of the City Building and Architecture, Office of the City Assessor, Office of the Social Welfare and Development, Office of the Budget Officer, Office of the City Accountant, and Office of the City Treasurer.
Among the targeted city property being studied is a vacant lot located at Upper Session Road adjacent to the Office of the City Social Welfare and Development Office.
The lot is about 2,000 square meters and covered under Proclamation No. 611 of then President Ferdinand Marcos reserving the same for demonstration and training center site purposes of the Department of Social Welfare.
A memorandum of agreement on the lot was entered into between the DSWD and the city government in 1992 which devolved half of the area (1,000 sq. m.) to the city for its social welfare purposes.
The project study team will prepare the development proposal for the area and will conduct official survey site inspections and technical assessments on the property and would also prepare engineering designs, architectural plans, estimates, and specifications.
The market, technical, financial, economic, and operational analysis aspects of the project will also be prepared by the team. (PR-PIO Baguio City/PIA CAR)
The city government is now looking into its non-performing assets for eventual development.
City Mayor Mauricio Domogan has specifically designated a project study team to pinpoint city- owned idle lots which could be converted into economic hubs.
Domogan said “non-performing assets needs to be utilized into more productive and self-sustaining economic ventures in order to optimize its use.”
Administrative Order No. 68 series of 2011 specifically designates members of the project study team to study city properties as an income- generating project composed of the Office of the City Planning and Development Coordinator, Office of the City Building and Architecture, Office of the City Assessor, Office of the Social Welfare and Development, Office of the Budget Officer, Office of the City Accountant, and Office of the City Treasurer.
Among the targeted city property being studied is a vacant lot located at Upper Session Road adjacent to the Office of the City Social Welfare and Development Office.
The lot is about 2,000 square meters and covered under Proclamation No. 611 of then President Ferdinand Marcos reserving the same for demonstration and training center site purposes of the Department of Social Welfare.
A memorandum of agreement on the lot was entered into between the DSWD and the city government in 1992 which devolved half of the area (1,000 sq. m.) to the city for its social welfare purposes.
The project study team will prepare the development proposal for the area and will conduct official survey site inspections and technical assessments on the property and would also prepare engineering designs, architectural plans, estimates, and specifications.
The market, technical, financial, economic, and operational analysis aspects of the project will also be prepared by the team. (PR-PIO Baguio City/PIA CAR)

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