Authorizing Payment of Real Estate Property Arrear Rates of Westwood, Condominium Corporation

December 12, 2007 SAN JUAN CITY ORDINANCE NO. 028-07 AN ORDINANCE AUTHORIZING PAYMENT OF REAL ESTATE PROPERTY ARREAR RATES OF WESTWOOD, CONDOMINIUM CORPORATION INCURRED ON THE REAL PROPERTY TAX LEVIED ON COMMON AREAS AND THE LOT WHERE THE CONDOMINIUM STANDS IN THE TOTAL AMOUNT OF PHP2,500,000.00 Sponsored by: Councilor Domingo M. Sese WHEREAS, Westwood Condominium Corporation located at 23 Eisenhower Greenhills, San Juan incurred real property tax levied on the common areas of the building and the lot where the condominium stands in the total amount of Php3,732,172.50; WHEREAS, previous condominium administration officers allegedly over looked the inclusion of real estate taxes on open space, hallway, stairway, lodging area, garage and other office space in the condominium and the lot area where the condominium stands; WHEREAS, most of the unit owners are now second or third owners covered by real estate tax arrear taxes and are resisting payment of the overdue accounts which were in court before they purchase the units. WHEREAS, in order to keep the book of accounts for tax due, the home owners association respectfully request for tax adjustment of their arrear rates; NOW THEREFORE, BE IT ORDAINED by the Sangguniang Panlungsod of San Juan, Metro Manila, in a session duly assembled that: SECTION 1. The total amount of Php3,732,172.50 of real property tax arrear rates due on common areas and open spaces of Westwood Condominium Corporation be reduced to Php2,500,000.00 as a matter of reconsideration to the unit owners of the condominium provided that an updated payment be imposed upon the unit owners effective tax Year 2008; SECTION 2. All real estate tax due for land and improvement shall be settled in accordance to the submitted schedule of payment recommended by the Land Tax Office and incurred upon by the Westwood Condominium Corporation; SECTION 3. The total amount of Php2,500,000.00 shall be paid in full on the penalties on or before December 19, 2007. Failure to comply on this condition should render this Ordinance as void. SECTION 4. The Treasurer, Land Tax Office and all agencies concerned be furnished copies of this ordinance for their information and guidance. SECTION 5. This Ordinance shall take effect upon approval. xxx xxx xxx I HEREBY CERTIFY THAT THIS ORDINANCE HAS BEEN DULY APPROVED BY THE SANGGUNIANG PANLUNGSOD ON DECEMBER 12, 2007. (SGD.) EMMA RAY A. PANAGUITON Secretary to the City Council ATTESTED: (SGD.) HON. LEONARDO G. CELLES Presiding Officer City Vice-Mayor APPROVED: December 13, 2007 (SGD.) HON. JOSEPH VICTOR G. EJERCITO City Mayor