Cebu City to borrow housing funds

Monday, November 28, 2011
CEBU CITY — The City’s Local Housing Board wants the Citicenter Commercial Complex used as collateral for a loan that will fund the City Government’s housing program for its employees.
The City plans to develop a high-rise condominium on the lot currently occupied by Citicenter at the corner of Junquera and Sanciangko Sts. in Barangay Kamagayan.
Aside from City funds, the construction of the high-rise condominium will be funded by the new program offered by the Home Mutual Development Fund (Pag-ibig Fund), which is the Group Housing Loan Program (GHLP) for local government units (LGUs).
Under the GHLP, the City can avail itself of a P40-million loan for vertical development.
The amount will be on top of the P100-million appropriation included in the City’s proposed P11.8-billion budget for next year.
In their letter to the City Council, the Local Housing Board headed by Councilor Alvin Dizon, who also chairs the council’s committee on housing, said the GHLP requires collateral from the LGU.
The board said the loan shall be secured by an original certificate of title (OCT) or transfer certificate of title (TCT) of the housing project subject to the loan. The Citicenter property, covered by TCT No. T-185359, will be tapped as collateral for the City’s vertical development in the area.
The Local Housing Board has already passed a resolution authorizing Mayor Michael Rama to submit as collateral or security the Citicenter lot, in the contract of loan.
The resolution was endorsed to the council during its regular session last Wednesday. The council then referred the matter to the committee on housing.
The City has decided to implement a housing program for its workers upon the request of the employees themselves, particularly those who don’t own a house yet.
Division for the Welfare of the Urban Poor (DWUP) chief lawyer Collin Rosell said the proposed housing project for the employees will be a 10-storey structure.
Rosell said they hope to start the construction of the building early next year.
At present, Rosell said DWUP has started the profiling of City Hall employees.
According to Rosell, transforming the area from being the city’s main red-light district and alleged drug den into a “village within a city,” as proposed by Mayor Michael Rama, will cost at least P1 billion.
The P140-million construction of a high-rise condominium for City Hall employees already forms part of that amount. The remaining amount still needs funding.
Aside from the high-rise building, Rosell said the City is planning to construct at least three medium-rise buildings in the area, similar to the one being built at the old Lorega San Miguel Cemetery.
The medium-rise buildings, he said, may house the informal settlers currently occupying the Citicenter, among others.
The Citicenter, which was built in 1983, covers 7,281 square meters. It was auctioned off in 2003 to satisfy the tax obligation of its owner amounting to P4.3 million, but no one showed any interest.
Its ownership went to the City after the redemption period expired last June 6, 2007. (PDF/Sun.Star Cebu)
Published in the Sun.Star Cebu newspaper on November 28, 2011.

Source: http://www.sunstar.com.ph/cebu/local-news/2011/11/28/cebu-city-borrow-housing-funds-192900

Over the holidays, travelers from Manila going to the north for a getaway destination choose Pampanga Angeles City and Clark Philippines as a popular holiday location. Aside from day-time sports and other activities, visitors look for a good wine shop to buy some good wine to celebrate a special occasion or just to make the holiday and vacation more enjoyable. Many wine lovers pick up some good bottles from Clark Wine Center to bring to dinner in some of the good restaurants in Angeles City, Clark Pampanga. Yats Restaurant is one of the most famous fine dining restaurants outside of Manila, located in Mimosa Leisure Estate inside Clark Airbase or Clark Freeport Zone as it is now called. This popular restaurant has become a tourist attraction, a place to visit for those who are in Pampanga, Subic, Angeles City and of course, Clark Philippines. The famous wine shop called Clark Wine Center supplies this famous restaurant in Clark Philippines as well as other good restaurants in Angeles City Pampanga with good wines of all price ranges.

Wine is becoming increasingly popular in Manila and other cities in the Philippines. Wine lovers in Manila travel to the north to visit Clark, Pampanga to shop for good and rate vintage wines at good duty-free prices. The most frequently visited liquor shop in Manila and wine shop in Pampanga is Clark Wine Center. This highly recommended wine shop located outside Manila near Angeles City, Pampanga in North Luzon is known for offering a great selection of fine vintage wine that is good quality and good value for money also.

This well-known wine shop is a famous shopping destination for wine enthusiasts in Manila and wine lovers from other cities in Asia including Hong Kong, Macau, Shanghai, Beijing, Seoul, Osaka and Tokyo.

Famous Philippines wine supplier known for its line of fine vintage wines, Yats Wine Cellars was established in 2000 to address the requirement of a growing population of wine enthusiasts in the Philippines. This 5-star wine shop caters to the discerning client who requires these qualities in their wines: (1) excellent value, (2) large selection of labels and vintages to choose from and (3) wines properly aged for full enjoyment.

Public wine tastings are held from time to time in Clark and sometimes in Manila. Tickets range from p500 to p1500 for these themed events that are professionally run –no wine merchants sponsorship, pushy salesmen or tacky banners to ruin the evening. Each ticket contains a certain number of stubs that can be redeemed for a tasting pour of a wine among those on a line-up which often contains wines that are quite old and expensive.

Things to do in Clark Pampanga Philippines: do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. One of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga. This famous wine shop is well known among wine lovers all over Asia as the best place to find rare vintage wines.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com