AMENDING PRESIDENTIAL DECREE NO. 1314. EXEMPTING PROJECT BENEFICIARIES OF THE TONDO FORESHORE DEVELOPMENT PROJECT WHO OWN AND HOLD ORIGINAL AND/OR TRANSFER CERTIFICATE OF TITLE …

WHEREAS, Presidential Decree No. 1314 dated 20 March 1978
which defines the land tenure policies in the Tondo Foreshore Development
Project, provides that project beneficiaries holding titles to land shall be
charged a fee corresponding to the development cost of the project which is
P0.95 per square meter per month;

WHEREAS, the family beneficiaries of the Tondo Project who
are holding Original and/or Transfer Certificates of Titles to their land have
petitioned that they not be charged the development cost fee since at the time
of implementation of the Tondo Project, they had on their own, caused the
‘installation of essential services such as water, electricity and sewerage and
therefore did not benefit as much as those beneficiaries who did not own the
land at the start of the project;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution, do hereby
order and direct:

SECTION 1. Presidential Decree No. 1314 dated 20 March 1978
specifically Section 5, is hereby amended to the effect that project
beneficiaries of the Tondo Foreshore Development Project who own and hold
Original Certificates of Title and/or Transfer Certificates of Title over their
homelots issued through the predecessor agencies of the National Housing
Authority and covering lets within Cases 1 and 7 inclusive of Subdivision Plan
RL 1004 executed by the Bureau of Lands pursuant to Section 1 of RA 1597 dated
31 March 1957, shall be exempted from payment of the project development
cost;

SEC. 2. Any provision of law, decree, executive order, rules
and regulations inconsistent herewith are repealed, amended and modified
accordingly.

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 23rd day of January, in the year of Our
Lord, nineteen hundred and eighty-six.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.) JUAN C. TUVERA
		Presidential Executive Assistant