Talisay dad eyes lot for informal settlers

CEBU, Philippines - Talisay City Councilor Dennis B. Basillote, chairman of the committee on urban poor and rural development, has suggested that the city government purchase the property in sitio Lino, barangay Mohon that will be used as a site for residents living in the place. 

Basillote said the lot has an area of 1,883 sq. meters, and owner Virginia Odulio has sent an eviction notice to the informal settlers occupying her property. 

Due to the eviction notice, the Libo Little Island Home Owners Association expressed intention to purchase the property with the assistance of the city through the Localized Community Mortgage Program (LCMP). 

The Libo Little Island Home Owners Association Inc., which is a registered community association, has applied for a loan with the Social Housing Finance Corporation through LCMP. 

Odulio had issued a Letter of Intent to Sell to the informal settlers through their community association, giving them one year grace period, starting November 1, 2012 within which she could be paid in full through the LCMP. 

Basillote said “it is in the best interest of the City of Talisay that the above-described property owned by Virginia Odulio be acquired and be developed as one of the socialized housing projects of the City.” 

The Local Housing Board of the City of Talisay has approved Resolution No: 2012-17 dated October 18, 2012 approving the enrolment of Libo Little Island Homeowners Association, Inc. in the City Localized Community Mortgage Program (LCMP). 

Basillote said the project has P1,713,800.00 chargeable against the City’s Housing Trust Fund if the grace period would lapse before the LCMP loan of the association is released.

In a proposed resolution, Basillote wants Mayor Socrates C. Fernandez to negotiate and to purchase lot No. 7199 with TCT # 102-2010004020 owned by Odulio.  (FREEMAN)