Property Profile - psalm.gov.ph for... · Bade executed on 6 July 1976 38 7059 1,439.00 - Unknown 1350 sq.m. Unregistered, undecided case N/A With Affidavit of Possession 39 2129

Republic of the Philippines

Property Profile Aplaya Property Located in Jasaan, Misamis Oriental

Privatization of the Real Estate Assets of PSALM 20 September 2019

Property Profile of Aplaya Property Page 2 of 17

IMPORTANT NOTICE

This Property Profile (the “Profile”) has been prepared by Power Sector Assets and Liabilities Management Corporation (“PSALM) solely for information purposes. PSALM is distributing this Profile solely for use by Interested Parties to determine whether they would like to participate in the sale of Aplaya Property (the “Property”).

The Profile may not be distributed, reproduced or used without the express written consent of PSALM for any purpose other than the evaluation of the Property by the person to whom this Profile has been delivered.

The information contained herein has been prepared to assist Interested Parties in making their own evaluation of the Property and does not purport to contain all of the information that Interested Parties may desire. In all cases, Interested Parties should conduct their own investigation and analysis of the Property, their condition and prospects, and of the data set forth in this Profile. PSALM has not assumed any responsibility for independently verifying any of the information set forth herein, including any projections or statements about the prospects of the Property contained herein. PSALM does not make any representation or warranty as to the accuracy or completeness of this Profile or the information contained herein or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Property. Only those particular representations and warranties, if any, which may be made to a party in a definitive written agreement regarding a transaction involving the Property, when, as and if executed, and subject to such limitations and restrictions as may be specified therein, will have any legal effect, and PSALM hereby disclaim all other representation and warranties.

Neither the receipt of this Profile by any person nor any information contained herein or supplied herewith or subsequently communicated to any person in connection with a proposed transaction involving the Property is, or is to be, taken as constituting the giving of investment advice by PSALM to any such person. Each such person should make an independent assessment of the merits of pursuing a transaction involving the Property and should consult such person’s own professional advisors.

PSALM may amend, supplement or replace any of the information contained in this Profile at any time, without giving prior notice or providing any reason.

This Profile does not constitute a solicitation of bids for any transaction involving the Property. Bidding procedures are being distributed simultaneous with this Profile, and recipients may submit bids only in accordance with such procedures.


I. BACKGROUND

The subject property was the site of the Aplaya Diesel Power Plant (ADPP) which was sold by PSALM as a decommissioned power plant in 2009. The Aplaya Diesel Power Plant had six 18-MW diesel engine units which were commissioned between 1979 and 1982. The plant was decommissioned in 1998 due to high cost of operation. PSALM sold the 108-megawatt Aplaya diesel power plant to TEC Industries in May 2009.

II. LOCATION AND DETAILS OF THE PROPERTY

The ADPP land occupies an area of approximately 15.5-hectare consisting of forty-nine (49) irregularly shaped parcels of land along the coastal Cagayan-Butuan National Highway in the Municipality of Jasaan, Province of Misamis Oriental, approximately 25 kilometers east of Cagayan de Oro and 5 kilometers west of Jasaan town proper. The former plant site is situated on the east side of the National Highway while the housing site is at the opposite side fronting Macajalar Bay.

Figure 1: The subject property


The property is situated in a built-up area/industrial zone per General Land Use Plan and Zoning map of Jasaan, Misamis Oriental.

Figure 2: Location Map of Subject Property

For the sketch map of the property, please refer to “Annex A”.

Asset Categorization

The Property is categorized under Strategic Plan for PSALM’s Real Estate Assets as Category 4-a (Various Lands for Privatization – Sites of Decommissioned Power Plants).

Land Data and Possessory Rights A. Land Data

By virtue of Republic Act 9136 or the Electric Power Industry Reform Act of 2001, the Power Sector Assets and Liabilities Management Corporation (PSALM) took ownership of all existing NPC generation assets, liabilities, IPP contracts, real estate asset and other disposable assets, including the subject Property.

The Property is comprised of forty-nine (49) lots with the total area of 139,266.00 square meters.

Table 1: Aplaya DPP – General Land Data (as of December 2018)

ITEM NO.

LOT NO.

AREA (M2) OCT/TCT/ANNTN.

NO. TAX DEC. NO. TITLING STATUS

RPT PAYMENTS

(OR No.) REMARKS

1 2131 3,208.00 OCT NO. 2010000016

08-11-0003-03700 Titled under NPC 1052519

2 2467 1,385.00 OCT NO. 2011000017

08-11-0003-03685 Titled under NPC 1052520

3 8339 1,211.00 OCT NO. 08-11-0003-03495 Titled under NPC 1052521

TThhiiss

ssiittee


ITEM NO.

LOT NO.



RPT PAYMENTS

(OR No.) REMARKS

(equivalent to LOT

2722-A)

20180000019 Csd-10-017952-D

4 2123 983.00 OCT NO. 2015000017

08-11-0003-03580 Titled under NPC 1052522

5 2469 983.00 OCT NO. 2015000018

08-11-0003-03676 Titled under NPC 1052521

6 2126 591.00 OCT NO. 2015000068

08-11-0003-03695 Titled under NPC 1052519

7 2125 472.00 OCT NO. 2017000006

08-11-0003-03694 Titled under NPC 1052520

8 8343 (equivalent

to LOT 2717-A)

456.00 OCT NO. 2018000005

Csd-10-017953-D

08-11-003-03481 Titled under NPC 1052521

9 6160 391.00 OCT NO. 2018000006

Ap-10-003055

08-11-0003-03582 Titled under NPC 1052523

10 6185 333.00 OCT NO. 2014000126

08-11-0003-03672 Titled under NPC 1052526

11 6194 246.00 OCT NO. 2017000031

08-11-0003-03499 Titled under NPC 1052522

12 7041 40,519.00 Ap-10-003098 08-11-0003-03704 Unregistered, decided case no. 2009-006 in

favor for NPC

1052519


favor for NPC

1052523 TransCo Substation –

Occupied portion of the Lot


favor for NPC

1052525


favor for NPC




favor for NPC




favor for NPC

1052517


favor for NPC

1052519


favor for NPC




favor for NPC

1052524


favor for NPC

1052520


favor for NPC

1052520


favor for NPC

1052521


favor for NPC

1052520

25 2564 932.00 Ap-10-003077 08-11-0003-03675 Unregistered, decided case no. 2005-06 in

favor for NPC




ITEM NO.

LOT NO.



RPT PAYMENTS

(OR No.) REMARKS

26 2460-A (IDENTICAL

TO LOT 8341)

917.00 Csd-10-017976-D 08-11-0003-02976 Unregistered, decided case no. 2007-05 in

favor for NPC

1052517

27 2719-PT (2719-A)

776.00 Csd-10-017951-D 08-11-0003-03492 Unregistered, decided case no. 2007-030 in

favor for NPC

N/A


favor for NPC

1052526

29 6174 398.00 - 08-11-0003-03691 Unregistered, decided case no. 2006-03 in

favor for NPC

1052520


favor for NPC

1052524


favor for NPC

1052522


favor for NPC

1052522


favor for NPC

1052523


favor for NPC

1052522

35 6167-PT (6167-A)

4,638.00 - 08-11-0003-03608 Unregistered, undecided case


Occupied portion of the Lot. With DOAS

between NPC and Luisa S. Vda Guian executed on 28 April 1976

36 2472-PT (2472-A)

4,371.00 Psd-10-022787 08-11-0003-02971 Unregistered, undecided case

1052517 With DOAS between NPC

and Herminigildo Cabutaje

executed on 11 March 1977

37 2565 2,949.00 Ap-10-003051 08-11-0003-03626 Unregistered, undecided case no.

2005-037


and Leonora T. Bade executed on 6 July 1976

38 7059 1,439.00 - Unknown 1350 sq.m.

Unregistered, undecided case

N/A With Affidavit of Possession

39 2129 1,399.00 - in the name of Gertrudes Sabejoh



40 2127 654.00 - in the name of Ramon Guian



41 2714-PT (2714-A)

278.00 - 08-11-0003-03452 Unregistered, undecided case

1052517

42 6238 247.00 - in the name of Catalino Balaba



43 6191 192.00 - 08-11-0003-03501 Unregistered, undecided case no.

2006-02

1052522 Notice of Appeal is filed to the RTC by the oppositor.

NPC filed Memorandum to the RTC-Cagayan De Oro on 03 July

2018

44 2474 3,657.00 - 08-11-0003-03591 Unregistered, undecided case

1052523 With DOAS between NPC and Catalino


ITEM NO.

LOT NO.



RPT PAYMENTS

(OR No.) REMARKS

Balaba executed on 05 March

1977

45 2558-PT (2558-A)

15,050.00 - - No documents N/A




With DOAS between NPC

and Luisa Sabejon Vda De Guian executed on 27 April 1976




48 2716-PT (2716-A)

346.00 - 08-11-0003-03480 Unregistered, undecided case

1052517 With DOAS between NPC and Rolando

Zayas

49 6169 303.00 - - Unregistered, undecided case

N/A With DOAS between NPC


Total 155,504.00 Less TransCo

Substation Occupied Area

(16,238.00)

Grand Total 139,266.00

(See “Annex A” for copies of titles)


Figure 3: Aerial View of the Subject Property

Figure 4: Aerial View of the Transco Switchyard inside the Subject Property

TransCo Substation Occupied Area

(16,238.00sq. m.)

TransCo Substation Occupied Area (16,238.00sq. m.)


III. STRUCTURES AND IMPROVEMENTS 1 Figure 5: Main Warehouse Building

This is a one storey concrete framed building with plastered concrete hollow block walls, corrugated GI sheet roofing, concrete floor cement and steel roll-up doors. It is painted and provided with electrical lighting and plumbing facilities. It is also includes a chemical storage room. Floor area is approx. 697 sq. m. located at former plant site.

2 Figure 6: Warehouse/Clinic VMP Building

This is a one storey concrete framed building with beveled wood sidings on concrete hollow block zocalo walls, corrugated GI sheet roofing on timber frames, plain cement finishes concrete floor, steel casement windows with glass panes. It is provided with electrical and plumbing facilities. Floor area is approximately 255 sq. m. located at former plant site.


3 Figure 7: Laboratory Building

This is a one storey concrete framed building with concrete CHB walls, corrugated GI sheet roofing on timber frames, vinyl tile finishes concrete floor hollow block partitions, wood sash windows with glass panes and plywood type doors. It is painted and provided with electrical lighting and plumbing facilities. Floor area is approximately 37.5 sq. m. located at former plant site.

4 Figure 8: Automotive/Painting/Carpentry Shed

A one storey sided shed with corrugated GI roof on wood frame, pipe columns, plain cement flooring, and with electrical facility. Floor area is approximately 70 sq. m. located beside laboratory building at former plant site.

5 Figure 9: Auxiliary Warehouse

This is a one storey building with low CBH and chain link enclosure, corrugated GI roof on timber frame, combination of concrete and timber column, plain cement flooring. It is painted and provided with electrical lighting and plumbing facilities. Located at former plant site.

6 Figure 10: Staff House, Q43

These are five (5) units of concrete framed building with synthetic cadable finish concrete hollow block walls, corrugated GI sheet roofing on timber frames, plain cement finishes concrete floor, hollow blocks and double wall plywood partitions, plywood ceiling glass jalousie windows and wood panel and plywood flush type door. The building is painted and provided with electrical and plumbing facilities. Floor are is approximately 158 sq. m. located at housing site.


7 Figure 11: Staff House, QD3

These are two (2) units of elevated one storey timber frame building, with V-cut wood walls, corrugated GI sheet roofing on timber frames, T & G wood floor, double wall plywood partitions, plywood ceiling, wood and glass jalousie windows and plywood flush type door. These are painted and provided with electrical and plumbing facilities. Floor area is approximately 158 sq. m. located at housing site.

8 Figure 12: Bunkhouses

These are two (2) units of one storey concrete framed building, with plastered concrete hollow block walls, corrugated GI sheet roofing on timber frames, plain cement finishes concrete floor, concrete hollow block and double wall plywood partitions, plywood ceiling, glass jalousie and wood sash windows with glass panes and plywood flush type doors. These buildings are painted and provided with electrical and plumbing facilities. Floor area is approximately 192 sq. m. located at housing site.

9 Figure 13: Guardhouse No.1

This is an octagonal-shaped concrete framed structure with concrete hollow block walls, reinforced concrete slab roofing, plain cement finishes concrete floor, aluminum casement windows with glass pane and plywood flush type doors. The structure is provided with an open kiosk-type waiting shed. Floor area is approximately 8 sq. m. located at former plant site.

10 Figure 14: Guardhouse No.2 CSO Office

This is one storey concrete frame building with plastered concrete hollow block walls, reinforced concrete slab roofing, plain cement concrete floor, glass jalousie windows and plywood flush type doors. It is painted and provided with electrical lighting facilities. Floor area is approximately 16 sq. m. located at former plant site.


11 Figure 15: Roadways & Parking Area

These are concrete paved roadways 8 m. wide, 0.20 m. thick and parking areas within the plant compound and housing sites. The plant compound is provided with concrete curbs and gutters. Located at former plant and housing site.

12 Figure 16: Tennis Court & Basketball Hoop

Standard size tennis court with concrete pavement wood bleacher stand, chainlink back stop, and 4 m. high mast with 2 lights each. Located at QD3 housing site. Basketball hoops is located at the former plant site parking area.


13 Figure 17: VMP Utility House

This is one storey, timber framed building with plywood sidings and wire mesh screen, plain galvanized iron sheet roofing on timber frames, plain cement finish on concrete floor, and plywood flush-type doors. The building is provided with electrical lighting. Total floor area is approximately 60 sq. m.

14 Figure 18: Perimeter Fences and Lighting Posts

It consists of 2.4 m. high concrete hollow block walls with concrete column spaced at every 3.0 m., barbed wire is provided on top of the wall and fence and steel gates securing the plant site, tank farm and housing sites. Steel lighting posts, 5” x 20” tapered type post and 4” x 10” tapered post, globe type. Located at the plant site and housing site.


IV. GENERAL DESCRIPTION, ACCESS AND UTILITIES The subject property is located along the main highway and can be directly accessed via the Butuan-Cagayan de Oro-Iligan road. (See Annex “B” for Lot Plan)

Figure 19: The 250-km Butuan-Cagayan de Oro-Iligan road

Jasaan source its electric power from Misamis Oriental II Electric Services Cooperative (MORESCO II) and Cagayan Electric Power and Light Company (CEPALCO).

V. NEIGHBORHOOD Jasaan is a second-class municipality in the province of Misamis Oriental, Philippines. It is approximately 28 kilometres (17 mi) east of the capital city of Cagayan de Oro. It borders on the municipalities of Villanueva, Claveria and Balingasag, while Macajalar Bay is to the west. Then town grew and developed into one of the agro-industrial municipalities of Misamis Oriental. Jasaan town is mostly residential with agricultural lands planted primarily with coconut trees. Fishing is also a major industry in the area. The immediate area where the subject property is located is mostly medium commercial mixed zone and residential cluster zone. Some of the notable developments, establishments and industry in the vicinity are:

1. Aplaya Elementary School- 350 meters 2. Spring View Resort- 3.6 kilometers 3. Aplaya Municipal Hall- 6.3 kilometers 4. Pilipinas Kao, Inc.- an oleochemical manufacturing complex in

the Jasaan Misamis Oriental Ecozone 5. Philippine Iron Construction and Marine Works Inc. (PICMW)- a

General Engineering and Construction company with local and overseas activities, focusing on industrial construction, ship building, ship repair and overseas deployment.

6. RI Chemical Corporation (RI Chem)- a wholly Filipino-owned subsidiary of Resins Inc., engaged in the business of manufacturing resins, plywood adhesives and coatings.


Figure 20: Aplaya Elementary School 350 meters away from subject property

Figure 21: Spring View Resort 3.6 km. away from subject property

Figure 20: Aplaya Municipal Hall 6.3 km. away from subject property


Other Industries: Coca-Cola FEMSA Phil. Misamis Oriental Plant, Philippine Sinter Corporation and Phoenix Petroleum Phil., Inc. are located 2.9 kilometers, 4.6 kilometers respectively from the site.

Figure 23: Other major industries near the Subject Property


Figure 24: Road networks surrounding the subject property

VI. ZONING AND LAND USE

The subject property is assessed for Industrial. Per official general land use plan and zoning map prepared by the Municipal Planning and Development Office of Jasaan Municipality, the subject property falls under built up area and industrial zone.

VII. GOVERNMENT VALUATION/ASSESSMENT

A. BIR Zonal Valuation

Per electronic copy issued by BIR RDO NO. 98, BIR Zonal Valuation of Subject Property is PhP 4,075.00/sq. m., which is based on the last revision effective 28 March 2019 (See “Annex C”).

B. Municipal Assessment

For the property assessment, the Office of the Municipal Assessor is adopting the Schedule of Market Value per Sangguniang Panlalawigan ordinance No. 947-2006 dated 6 November 2006 (See “Annex D”).

Actual Use Market Value

(PhP per square meters)

Industrial 600.00

PSALM paid a total amount of PhP172,726.74 to Jasaan, Misamis Oriental representing the Real Property Tax for CY 2019 (See “Annex E” for the copies of O.R. for RPT payment).

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Documents

Property Profile - psalm.gov.ph for... · Bade executed on 6 July 1976 38 7059 1,439.00 - Unknown 1350 sq.m. Unregistered, undecided case N/A With Affidavit of Possession 39 2129