Councilman seeks to restrain Cebu City Government from entering into Gokongwei JVA

By: Morexette Erram August 15,2018 - 02:18 PM

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Busay Barangay Councilman Amilo Lopez has filed a petition for injunction and asked for the issuance of a temporary restraining order (TRO) to prevent the Cebu City Government in entering into a joint venture agreement (JVA) with a private firm on developing the Kawit Island Property in the South Road Properties (SRP).

In his 10-page petition, Lopez stated that the developer, Universal Hotels and Resorts Inc. (UHRI), is disqualified in entering into the JVA based on City Ordinance No. 2154.

The same ordinance provides guidelines for the city into entering JVAs with the private sector.

“UHRI was only incorporated last August 2017,” Lopez said.

He also questioned the financial capacity of UHRI, the development arm of JG Holdings Corp., which is owned and operated by the Gokongweis.

Cebu City Mayor Tomas Osmeña is set to sign the agreement on Friday (August 17).

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TAGS: Cebu city government, councilman, entering, Gokongwei JVA, restrain, seeks

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