Posted on April 30, 2012 10:38:29 PM [
BusinessWorld Online ]
The board’s concurrence came four days
after Governor Alfredo G. Marañon, Jr. signed both the deed of conditional sale
and contract of lease with ALI President and Chief Executive Antonino T. Aquino
and Senior Vice-President Jose Emmanuel H. Jalandoni.
“The Commission on Audit will issue a
ruling as soon as it receives copies of the signed deed of sale and contract of
lease,” Mr. Marañon said.
During a special session Monday
morning, 12 board member unanimously passed two separate resolutions ratifying
the signed deed of conditional sale and the contract of lease.
Ayala Land has proposed a P6-billion
development dubbed The Capitol Civic Center for the 7.7-hectare property. --
NLG
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