LEASE OF PUBLIC LAND

Notice is hereby given that DENRCENRO-Cebu City will accept oral or written bids not later than 10:00 o'clock a.m. on January 11, 2012 for the lease for Pier facility of the tract of land below described:

Description: FLA No. 072226-68

Location: Agus, Lapu-lapu City

Boundaries: A parcel of land under FLI072226-68, situated in Barrio of Agus, City of Lapu-lapu, Province of Cebu, Island of Mactan, Bounded on the NW., along line 1-2 by lot 5677-A-1; along lines 2-3-4 by lot 5677A-2; along lines 4-5-6 by lot 5677-a-3; all of Psd-072226024030; on the NE., SE., and SW., along lines 6-7-8-1 by Agus Bay. Beginning at a point marked "1" on plan being S., 14 deg. 16'E., 187.34 m. BLLM 10 Opon Cadastre.

Area: 12,722 square meters

Appraised Value of Land: Php 900 per square meter, Php 11,449,800.00 for the whole area

Improvement: Php950,00.00

Applied for: BEACH RESORT
Applicant: TITA LUNA REALTY AND DEV.
CORP. REP. BY: ΑΝΤΟΝIO R. DEL
PRADO

The successful bidder if other than the applicant must reimburse the latter of the value of the improvements and the expenses for the publication of the Notice of Auction and the survey of the land.

The right to lease the land will be awarded to the person offering the highest annual rental, which shall not be less than three per centum (3%) of the value of the

land plus one per centum (1%) of the value of the vale of the proposed and/or existing improvements. In order that a person may be entitled to participate in the bidding, he must be a qualified public land applicant, and must, before the commencement of the same, make a deposit equivalent to at least three (3) months rental. Only deposit in cash, money order, treasury warrant, certified checks, cashier's check or manager's checks can be accepted. A person bidding in representation of another may do so under duly executed power of attorney. During the bidding, the bidder has to make an additional deposit every time his bid is raised, to complete the three (3) months rental, otherwise, such bid as raised shall not be accepted, the right is reserved to reject any or all bids.

Reference: TSA 131102-1429

METCHEE ACUÑA CLARETI

No bid shall be accepted that does not equal at least two-thirds (2/3) of the appraised value of the land. In order that a person may be entitled to participate in the bidding, he must, before the commencement thereof, make a deposit of at least ten percent (10%) of his bid. A person bidding in representation of another may do so under a duly executed power-ofattorney and presentation of any authorized identification card. During the bidding, the bidder has to make an additional deposit every time his bid is raised to complete the 10% of his raised bid; otherwise, such bid as raised shall not be accepted. The chairman of the Bidding Committee reserves the rigtht to reject any or all bids. Only deposits in cash, postal money order, certified check, cashier's check and manager's check can be accepted.

All persons interested to participate in the scheduled public auction sale shall submit pre-qualification requirements and subjected to pre-qualification screening on or before fifteen (15) days prior to the day of the auction sale as provided for under the provisions of DENR Memorandum Circular No. 2007-11, Series of 2007.

Any bidder must possess all the qualifications and none of the disqualifications to acquire a parcel of land in consonance with the provisions of law; he or his spouse should not be an owner of any homelot within the City of Baguio; he must be equipped with a Certificate of NoHomelot to be secured at the City Assessor's Office and a Voter's I.D. (to verify citizenship); marriage contract; and birth certificate, which ever is applicable to be presented to the Bidding Committee before the start of the bidding. Noncompliance thereof will be an outright ground for disqualification of any interested bidder.