CREATING AN INTER-AGENCY COMMITTEE TO OVERSEE THE TURNOVER AND DEVELOPMENT OF PROPERTIES IN MAKATI HELD BY THE PHILIPPINE DEVELOPMENT ALTERNATIVES FOUNDATION, INC. AND PRESIDENT…

WHEREAS, the National Government of the
Republic of the Philippines and the National Power Corporation (NPC) are the
registered owners of parcels of land located in Makati consisting of 121,730
square meters covered by TCT Nos. 458364, 458365, 458366 and 458367 issued by
the Registry of Deeds of Rizal (hereinafter referred to as “property”);

WHEREAS, the National Government together
with the NPC executed a Lease Contract in January 1977 with the then
Technological Resource Center Foundation, Inc. (TRCFI), now Philippine
Development Alternatives Foundation, Inc. (PDAF), for a consideration of
P1.00/sq.m./year for a period of twenty-five (25) years ending on December 31,
2002;

WHEREAS, the property was later
determined to be a surrendered asset of the Presidential Commission on Good
Government (PCGG) and government representation in the Board of Trustees of
PDAF has been exercised by nominees of the PCGG;

WHEREAS, there has been a merger and
recovery of all rights in the property to the National Government and the NPC,
to which the aforesaid parties shall exercise full right of ownership, control,
administration and supervision;

WHEREAS, there is a strong need to
rationalize and coordinate the turnover of the control, management,
administration and supervision of the PDAF to the aforesaid governmental
entities to exercise full ownership over the property;

NOW, THEREFORE, I, FIDEL V. RAMOS,
President of the Philippines, by virtue of the powers vested in me by law, do
hereby order the following:

SECTION 1. There is hereby created an
Inter-Agency Committee composed of the following:

SEC. 2. The Inter-Agency Committee (IAC)
shall:

(a) exercise all powers granted to it under this
Order to achieve the objectives enumerated beforehand including but not limited
to the identification and designation of the nature and extent of said control,
administration and supervisorial powers over the PDAF as a surrendered asset;

(b) formulate rules, procedures and guidelines
necessary for the immediate turnover of the property to the National Government
and the NPC;

(c) coordinate with the Commission on Audit (COA)
in the formation of an Auditing Task Force (ATF), which shall undertake the
necessary investigation, inventory and audit of the assets of the PDAF; pursuant
thereto, the IAC is hereby authorized to secure, acquire and cause the
necessary submission of all documents, papers, financial records, official
reports and communications of the PDAF and to acquaint itself on the management
activities undertaken by the Board of Trustees of the PDAF;

(d) identify, determine and designate particular
areas of the property which remain undeveloped and disposable and which may be
subjected to economically viable projects as determined by the Committee;
further, the IAC, with the approval of the President, may immediately undertake
and implement joint venture projects agreed upon by the National Government and
the NPC to make the idle portions of the property productive; provided,
finally, that all proposed projects to be undertaken by the IAC shall comply
with the existing laws, rules and regulations governing the use of public
property;

(e) represent the National Government and/or the
NPC in all matters affecting the property, particularly its developed portion,
to ensure the protection of whatever rights the present occupants have over the
land in order to achieve a feasible and acceptable turnover of the property to
its rightful owners;

(f) pending the appointment of a regular
Administrator of the property, to appear and represent the National Government
and/or the NPC in any transaction, endeavor, action, or litigation brought
concerning the property; and

(g) exercise such other functions as may be
necessary in order to achieve the purpose of this Executive Order and as may be
directed by the President.

SEC. 3. The NPC shall provide a
Secretariat for the IAC. Expenses incurred by the IAC, including the honoraria
for its members, which shall not exceed Six Thousand (P6,000.00) Pesos a
month, chargeable against the funds of the NPC, subject to availability of
funds and applicable accounting and auditing rules and regulations.

SEC. 4. The Inter-Agency Committee shall
submit a report to the President for information and/or disposition within
sixty (60) days from issuance hereof.

SEC. 5. All orders, issuances, rules and
regulations or parts thereof inconsistent with this Executive Order are hereby
repealed or modified accordingly.

SEC. 6. This Order shall take effect
immediately.

DONE in the City of Manila, this 19th day of May in
the year of Our Lord, Nineteen Hundred and Ninety-Seven.

(Sgd.) FIDEL V. RAMOS
President of the Philippines

By the
President:

(Sgd.) RUBEN
D. TORRES
Executive Secretary

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