MRCA, Inc., et al. vs. Cacho-Gonzales Building Owners' Association

[SEC CASE NO. 3191. September 23, 1987.] MRCA, INC., and/or MA. ROSARIO C. ARANETA , complainants , vs . CACHO-GONZALES BUILDING OWNERS' ASSOCIATION , respondent . O R D E R During the preliminary Conference Hearing of the above entitled case held last Friday, September 18, 1987, the parties agreed that, in lieu of the injunctive relief being prayed for by the complainants, the following shall be made an undertaking by both parties, to wit: On the part of the complainants: a) To pay to Cacho-Gonzales Building Owners' Association, Inc., through Atty. Mena Taganas, within ten (10) days from receipt hereof, the initial amount of P20,000.00, as partial payment under protest of the assessment dues; b) To pay the amount of P8.50 per square meter of complainants' condominium units beginning October, 1987; and c) To pay only the actual consumption of electricity as reflected in the separate electric meter of complainants. On the part of the respondent: a) To remove the lien on complainants' condominium units; and b) An undertaking not to foreclose complainants' condominium units. All these undertakings shall be without prejudice to the final outcome of the instant case. Let the hearing for the reception of the evidence for the complainants be, as it is hereby, set for October 12, 1987 at 9:00 o'clock in the morning. SO ORDERED. (SGD.) ALBERTO P. ATAS Hearing Officer