Lazatin: Loans above board

ANGELES CITY — The camp of first district Representative Carmelo Lazatin said the loans incurred by his administration, when he was the city mayor, were above board.

Lazatin issued the statement in reaction to statements accusing him of alleged irregularities.

Lazatin asked Mayor Edgardo Pamintuan to focus instead on how to explain the city’s current “sorry” financial state and the illegal use of its resources by his political party Partido Abe Kampangan (PAK), rather than unearthing the debts incurred in 2003 to 2007, which are all legal and “above board.”

IC Calaguas, Lazatin’s chief political affairs officer, said the Commission on Audit (COA) stated that the projects funded by the P340.97-million loan are all intact and functional.

Among the projects funded by the Lazatin’s loans were the San Nicolas Public Market (P186 million), the construction of the Angeles City Slaughterhouse (P20 million), the computerization of Rafael Lazatin Memorial Medical Center (P10 million), construction of school buildings (P45 million), construction of socialized housing (five million), construction of the Angeles City Abattoir (P5.6 million), Internal Revenue Allotment monetization (P25.46 million), purchase of equipment and garbage bins (P43.55 million), and equipment pool (P0.36 million).

Calaguas said: “If Congressman Lazatin did incur bad credit during his term, the succeeding mayor, in this case former Mayor Francis Nepomuceno, wouldn’t have been able to acquire another P800-million loan originally intended for the construction of the sports complex.”

Calaguas also said there is no problem with local government units (LGUs) acquiring loans as long as the projects intended for the loan are accomplished.

“All the debts incurred during Congressman Lazatin’s time as mayor were approved by the City Council and the Bureau of Local Government Finance,” Calaguas said.

“We advise Mayor Pamintuan to address the issues hounding his administration first, particularly the city’s bankruptcy and his favoring his political party by allowing PAK to use the equipment of the City Government, before inventing accusations against Congressman Lazatin,” Calaguas added.

Calaguas explained the balance of the said loan, amounting to P228,447,999.57, was taken out through another loan acquired by the City Government in 2009 from the Philippine Veterans Bank (PVB).

Calaguas said that Lazatin’s term expired on June 30, 2007, but the City Government was able to obtain another loan from the PVB, amounting to P600,000,000 for the construction of the Sports Complex in October 2009.

The said P600,000,000 loan was originally intended for Sports Complex, but was diverted by Pamintuan for the construction of the still unused City College of Angeles City and the expansion of Rafael Lazatin Memorial Medical Center or Ospital Ning Angeles.

On August 13, 2009, the City Government entered into a Term Loan Facility Agreement with PVB, which is payable within a period of 12 years and divided into two tranches.

Tranche I of the loan was used to cover the city’s outstanding loans to the Land Bank of the Philippines and the Development Bank of the Philippines, while Tranche II was used to finance the then proposed Angeles City Sports Complex.

On October 9, 2009, the City Government received Tranche I of the loan amounting to P228,447,999.57 and the money was used to refinance the loans of Lazatin.

http://www.sunstar.com.ph/pampanga/local-news/2013/03/18/lazatin-loans-above-board-273585

Frequently visited resort hotel in Pampanga Angeles City Clark Freeport Zone shares news, articles, suggestions and ideas on matters that might enhance your visit to Subic and Clark Pampanga for vacation and travel, as well as to organize, plan or attend a corporate or social event near Manila.

Where to stay in Clark, Philippines?

Voted Best Hotel in Clark Pampanga, this beach resort is a semi-private establishment located in the central business district near shopping, business, entertainment, airport and other conveniences of Philippines Clark Freeport Zone.   This 13 hectare lake beach resort near Manila Philippines is a place of leisure that is highly recommended for family tourists with children or couples and individuals hoping to relax and enjoy peace and quiet in a laidback American suburban lifestyle.

Adding to the charm and attractiveness of this resort hotel in Clark Philippines are certain unique factors including safety, a keen sense of security and privacy that the main zone of Clark Freeport Zone offers.  Angeles Philippines, Subic or Manila cannot offer the same sense of security like Clark Philippines.  Clearwater is one of the best hotel in Clark and the resort is a very popular venue for rest and relaxation especially for golfers after a round of golf at one of the best golf courses near Manila.   Clark is home to some of the best golf courses in Pampanga.

Philippines Travel Guide just unveiled recommendations and tips for safe and secured destinations during Holy Week and Easter Holidays in Philippines, Pampanga, Angeles City, Subic and Clark.  The report covers highly recommended resorts and hotels in North Luzon, nice getaway destinations for families with children to enjoy activities in the outdoor, secured, safe and convenient place for tourists to relax and unwind, luxurious restaurants offering privacy and good ambience, best clubs in Pampanga and resto bars in Angeles City, pubs in Clark and fine dining restaurants in Pampanga, frequently visited places as well as historical sites in Angeles City, Pampanga, Clark Philippines.

Clearwater is generally regarded as is a place of leisure and the best private resort in Pampanga.  This Clark hotel is the most frequently visited private resort outside Manila for corporate planning and team building because of its exclusivity.    Clearwater is well regarded among frequent visitors to Clark as one of the best resorts in Pampanga.

Pampanga is an important province of the Philippines slated to be the next business and tourism center of the country.  Already international traffic prefers the Clark International Airport and tourists find Clark Freeport Zone easier to get around than Manila.  Safety, low crime rate, no traffic and low pollution levels all contribute to making Pampanga Angeles City Clark Freeport Zone a preferred destination for local and international tourists.

For inquiries and bookings, <a href=”http://www.clearwaterphilippines.com/contact/index.html”>Please click here to contact Clearwater Resort for inquiries and reservations now</a>

<strong> Clearwater Resort and Country Club, Clark Pampanga </strong>

Creekside Road near Centennial Expo,

Clark Freeport, Pampanga Philippines 2023

(045) 889-5151 0917-520-4403  0922-870-5177

Joanne or Jeremy or Loydha

<strong>Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines</strong>

<em>After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection.  Go straight and the road becomes Creekside Road.  YATS Clearwater Resort and Country Club is on the right just 200m down. </em>

<strong><a href=”http://www.ClearwaterPhilippines.com”>http://www.ClearwaterPhilippines.com</a></strong>

<strong>Manila Sales Office</strong>

<em>3003C East Tower, Phil Stock Exchange Center,

Exchange Rd Ortigas Metro Manila, Philippines 1605</em>

(632) 637-5019   0917-520-4393  Rea or Chay

Email:   Inquiry@ClearwaterPhilippines.com

http://www.youtube.com/watch?v=qngtcg4mmRw

<strong><a href=”http://www.clearwaterphilippines.com/booking/make-reservation.html“>Please click here to contact Clearwater Resort to reserve a venue for your upcoming event now</a></strong>

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

<a href=”http://www.PhilippinesWeddingVenue.com”>http://www.PhilippinesWeddingVenue.com</a>

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list.  It is located in Mimosa Leisure Estate of Clark Freeport Zone.  For more information, visit <a href=”http://www.YatsRestaurant.com”>http://www.YatsRestaurant.com</a>

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines  <a href=”http://www.YatsLeisure.com”>http://www.YatsLeisure.com</a>

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

<a href=”http://www.ClarkWineCenter.com”>http://www.ClarkWineCenter.com</a>

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines?  You may want to check out these sites also:

<a href=”http://www.LondonPubClark.com”>http://www.LondonPubClark.com</a>

<a href=”http://www.HotelClarkPhilippines.com”>http://www.HotelClarkPhilippines.com</a>

<a href=”http://www.ClarkPhilippines.com”>http://www.ClarkPhilippines.com</a>

<a href=”http://www.YatsWineCellars.com”>http://www.YatsWineCellars.com</a>

For jobs and business investment opportunities in the Philippines please visit <a href=”http://www.yilp.com”>http://www.yilp.com</a>

Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669  ask for Loydha

0915-542-6250 (Jeramie)