Delfin Lee of Globe Asiatique, donates 80 Million worth to the Municipal Hall of Bacolor

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DEED OF DONATIONKNOW ALL MEN BY THESE PRESENTS:This Deed Donation made and executed by;The GLOBE ASIATIQUE REALITTY HOLD...

  • Category: Land
  • Published: 13/06/2014
  • Current Rating: /5 0 Vote

    Description

    DEED OF DONATION


    KNOW ALL MEN BY THESE PRESENTS:


    This Deed Donation made and executed by;


    The GLOBE ASIATIQUE REALITTY HOLDINGS CORPORATION, a corporation duly organized existing under Philippine Law with business address at W-1408, 14th Floor PSE Center, West, Tower, Exchange Road, Ortigas Center, Pasig City, duly represented by its President, MR DELFIN S. LEE, hereinafter referred to as the DONOR;


    The MUNICIPAL GOVERNMENT OF BACOLOR, PAMPANGA a government entity with address of Municipal Building, Bacolor, Pampanga, a government entity herein represented by its Mayor, ENGR. ROMEO A. DUNGA JR., hereinafter referred to as the DONEE;


    Original Copies of the Transfer Certificate of Title and of the Master Plan are attached hereto and hereby turned over to the DONEE, receipt of which is hereby acknowledged and duly accepted.


    All person properties which are likewise donated by DONOR to DONEE are contained in the attached list marked as Annex “A” and made an integral part of this Deed of Donation


    Terms and Conditions:



    1. The DONEE hereby agrees to adopt the name MR. DELFIN S. LEE BUILDING of the municipal town hall annex as DONEE further commits to perpetually maintain its operations and provide funds therefore.

    2. The DONEE is prohibited from transferring, conveying or assigning the municipal town hall building or any of the donated movables through sale, donation and exploration or through any other deeds of conveyances.

    3. The DONEE shall not have the municipal town hall building or any of the donated movables to be leased or used for purposes other than for the provision of quality government services to all the good residents in the Municipality of Bacolor, Province of Pampanga, as it further ensures that the same together with its inferiors, furnishings, and equipment shall remain fully functional, operational and available for the intended use.

    4. The exterior architectural design shall not be altered, modified, defaced in any manner whatsoever,  and any necessary repair due to ordinary wear and tear shall be made only for the purpose of restoring the structure to its original state, form and condition.

    5. The above subject parcel of land shall be used solely and exclusively for the construction of the Church building and no other structures may be constructed thereon.  Any additional structure that the DONEE may intend to construct shall be subject to the consent and approval of Globe Asiatique Property Management Corporation.

    6. The above subject parcel of land shall not be alienated, sold, mortgaged, or it any manner encumbered by the DONEE. Any encumbrance, whether voluntary or through any legal order issued by any competent court, shall be treated as inferior to the intention of the DONOR for which this act has been made and duly declared and annotated in the Registry of Deeds for San Fernando, Province of Pampanga.

    7. Any act violative of the restriction imposed, or the conditions stated in paragraphs: 1 to 6 shall give rise to the right of the DONOR to rescind, at its option, this entire Deed of Donation and revert back the ownership of the above subject parcel of land together with all its improvement to the DONOR, or in case the DONOR’s corporate existence is terminated to Mr. Delfin Lee, or in the event of his demise, this rights passed on to his compulsory heirs.


    IN WITNESS WHEREOF, the DONOR has hereto subscribed himself this 19th day of January 2008 while DONEE duly acknowledged and accepted his Deed of Donation on even date.


    GLOBE ASIATIQUE REALITY


    HOLDING CORPORATION


    Represented By:


    MR. DELFIN S. LEE


    Donor


     


    MUNICIPALITY OF BACOLOR


    PROVINCE OF PAMPANGA


    Represented By:


    HON. MAYOR ROMEODUNGCA, JR.


    Donee


     


    Signed in the presence of:


     


    HON. NOLI DE CASTRO


    VICE PRESIDENT


    REPUBLIC OF THE PHILIPPINES


     


    MS. REGINA PAZ L. LOPEZ


    MANAGING DIRECTOR


    ABS-CBN FOUNDATION, INC


    KNOW THE TRUTH www.globeasiatique.ph  


    Phone Number : 5766618
    Website URL : http://globeasiatique.ph

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