MBSL: MC Adore sale ‘a done deal’

AMB. ALC Holdings & Management Corp. represented by Mr. Benjamin Ramos and Dagupan City Mayor Benjamin S. Lim sign the Deed of Absolute Sale concerning the MC Adore property. Witnessing the signing are (from L-R) Mr. Alan Dale Zarate, Atty. Roy Laforteza, Mr. Rey Gloria, City Administrator Vladimir T. Mata, City Treasurer Romelita Alcantara, Councilor Jesus D. Canto, and City Accountant Teresita Manaois.

DAGUPAN CITY – With the winning bidder AMB ALC Holdings & Management Corporation tendering to the city its full payment to acquire the MC Adore properties yesterday, Mayor Benjamin S. Lim declares the selling of the prime property as “a done deal”. Lim, in an interview, said that the prime properties’ sale was perfected when the auction winner firm through its Chief Finance Officer Benjamin Ramos handed out to the prime properties’ award committee its P108,371,700 balance check yesterday morning. “And it was done in a legal, clear and open manner,” the mayor insisted, brushing off malicious reports projecting infirmities of the proceedings. In turn, AMB ALC Holdings & Management Corporation was also issued the former premiere hotel’s deed of absolute sale and true copy of title. This is the second and final payment by the hospitality and realty giant for the MC Adore as it had already given its first installment outright when it won the public auction on Jan. 7 via the performance bond it submitted together with the bid which is equal to 10 percent of the properties’ approved floor price or P10,628,300. “I think we deserve a citation for this for we have gained additional funds for our city… We’ve become P119 million richer!” the mayor quipped. He bared that the proceeds of the sale will be put in a time deposit so that its value grows while the city government still plans what social service initiatives would it be used for especially on alleviating poverty among poverty-stricken Dagupeños. The mayor also assured that all vendors occupying the MC Adore premises would be transferred to new site as he asked the realty firm to give them two weeks prior to its takeover of the property, providing the city government ample time to relocate the traders. “For this, we expect a cleaner market,” he asserted. (CIO-RMCLaguerta