February 15, 1993

EXECUTIVE ORDER NO. 58

CREATING AN INTER-AGENCY EXECUTIVE COMMITTEE TO OVERSEE THE COMPREHENSIVE DEVELOPMENT OF THE NATIONAL HOUSING AUTHORITY PROPERTY IN NORTH TRIANGLE, QUEZON CITY

WHEREAS,

WHEREAS, casia

WHEREAS, under the same

WHEREAS, the development of the property requires the coordinated and synchronized efforts of the National Housing Authority and other government agencies to ensure effective and efficient planning and implementation including the incorporation into the Development Project of the route and terminal requirements of the Light Rail Transit Line Three (LRT-III) Project;

WHEREAS, this Development Project envisions to generate funds and ensure yearly revenues needed to support the Social Housing Program of the National Housing Authority;

WHEREAS, the Government encourages private sector participation in the development of the Project.

NOW, THEREFORE, I FIDEL V. RAMOS, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order and direct:

SECTION 1. An Inter-Agency Executive Committee ("Executive Committee") is hereby created to oversee the development of the North Triangle Property chaired by the Chairman of the Housing and Urban Development Coordinating Council with the heads of the following offices as members: The National Housing Authority, The Metropolitan Manila Authority, the Department of Public Works and Highways, The National Economic Development Authority, The Department of Trade and Industry, The Department of Finance, The Department of Transportation and Communications, The Department of Environment and Natural Resources, City Government of Quezon City, Presidential Management Staff and The Development Bank of the Philippines.

SECTION 2. The Executive Committee shall recommend, for the President's approval, the award for the development of the property under a joint venture agreement with the private sector through long-term lease or sale.

SECTION 3. An Inter-Agency Technical Committee chaired by the General Manager of the National Housing Authority and composed of technical representatives of the Executive Committee shall formulate the terms of reference for the public bidding and evaluation of joint venture proposals.

SECTION 4. The National Housing Authority is hereby directed to act as Project Administrator and to implement the project.

SECTION 5. All revenues accruing in the development of the property shall be utilized for the Social Housing Program of the National Housing Authority.

SECTION 6. The Executive Committee shall issue the necessary implementing orders to carry out the provisions of this Executive Order.

SECTION 7. All previous issuances inconsistent with the provisions of this Executive Order shall be deemed revoked or amended accordingly.

SECTION 8. This Executive Order shall take effect immediately. cdt

DONE in the City of Manila, this 15th day of February, in the year of Our Lord, Nineteen Hundred and Ninety-Three.

Published in the Official Gazette, Vol. 89 No. 11 Page 1351 on March 15, 1993.