MEMORANDUM
The records of the Office of the Corporate Secretary show that during
the Two Hundred Fifteenth (215th) Meeting of the Board of Directors of
the Subic Bay Metropolitan Authority held last 22 June 2012 wherein
there was a quorum to validly transact business, the following
resolution was approved:
Resolution No. 12-06-4461
“RESOLVE, as it is hereby resolved, that upon
recommendation of Management and without prejudice to COA Regulations
and pertinent laws on the matter, the Board hereby approves the
implementation of the revised rates for admission fees for motor
vehicles and heavy equipment for trading in the following amounts:– Php 5,000.00 for motor vehicles; and
– Php10,000.00 for heavy equipment
effective upon submission of the policy to the UP Law Center and compliance with other publication requirements.
A hard copy of Management’s PowerPoint
presentation on ‘Locator Feedback & Suggestions on Increase of
Admission Fee Motor Vehicles and Heavy Equipment for Trading’* is incorporated herein by way of reference.”
(SGD.) RUBEN O. FRUTO
Corporate Secretary
Quezon City.