Draft outline of MOU with Fr Manaois at Mangaldan
Drafting this instead of just sitting down, and waiting for subalterns who are too busy for gaining more revenues
MEMORANDUM OF UNDERSTANDING
_________ Mangaldan Pangasinan at Mangaldan, Calasiao Diversion
Parties: Lory, Lily residing at Mangaldan, and Virginia Manalo residing at USA represented
by _____________. referred to as LAND OWNER
_____________________________
1. Whereas, the landowner is the owner of fee and simple (tax dec yet) of several parcels of land located at barrio Talogtog under the ff docs
TD No Cadastral No. Estimated area
2. Whereas the LAND OWNER are desirous of having a jv fo ra memorial park,
3. Whereas, a duly funded diversion road connecting Mangaldan Calasiao and Dagupan is on going but funds are diverted to Covid 19 medicine, but
Sec Dizon of DPWH promised its completion (docs attached) by the end of 2027 with budget of P900,000,000
3. Whreas obtained an SPA dated ____________________Notary public, Page No. Book no ____ Year ___ form the land owner
4. Wheras on meetings on: May 6, 2026 at BIR Calasiao and June 30,2026, with members: JUS, Fr. Rey, NFT and Luis it was agreed to go with this
project and that a Mou would be executed , the situation stilll being fluid and unclear: properties are untitled, permits have to be obtained, the
continuance of the diversion road is istill unclear
IT IS HEREBY AGREED COVENANTED by parties mentioned above to enter into this MEMORANDUM OF UNDERSTANDING for the above mentioned project
1. Responsibilities of the LAND OWNER
1. To pay RPT
2. To ensure that there are no liabilities nor are there tenants
3. To secure local clearances and approvals:
Barangay and Municipality MPDC for locational clearance ie that the property is suited for MP and that there are no objections
4. Have the properties titled to their names in not more than 12 months (to be facilitated)
5. Secure informal nods from the Mayor VM and SB who are claimed to be relatives of the land owners
6. Secure copies of the DPWH diversion road project, notice to proceed and promise to complete by contractor DPWH
2. Responsibilities of the DEVELOPER
1. To fund the expenses for SB approval
2. Preapre plans business and marketing financial and operational plans
3. Secure approval for Licnese to Sell from DHSUD Region 1
4. Undertake to start operate and market the project
3. Processes and steps to be undertaken
1. Draft and approve, sign this MOU supported by: WHO AND TIMELINES
1. Certified copies of TD
2. Proof of payment of RPT
3. Tech description of properties as per Cadastral survey
4. SPA from the Navarro to Fr. Manaois
5. Copy of the DPWH project, and notice to proceed, estimated time to complete
6. Instrument of ownership : (how acquired: by sale, inheritance, assignment.)
7. Affidavit of adjoining owners (as required by titling process)
2. Initiate titling by the land owner upon signing of this MOU at the LAND OWNERS expense
3. Secure barangay clearance, initiate representatation with the LGU officials: barangay, MPDC, Mayor, VM for the proposed project
4. Developer prepares:
1. Preliminary site development plan based on CAD
2. Coordinates surveys with the GE for the titling
3. Prepares business, marketing financial, and operational plans for the project and copies the land owner
4. Prepares draft of Joint Project agreement
5. Signs JPA upon completion of titleing
6. Developer and Land owner secures SB and Mayors APPROVAL
7. Developer subits to DHSUD
8. Developer starts development
4. Structure of the JV
1. Parties
2. Responsibilities
3. Representation and Warranties
4. How the JP proceeds: sharing, development, operations, expenses sharing
5. Estimates and projection
A. Scenario 1 3 hectares
30,000 x 60% = 18,000 /2.5 = 7,200 plots x 100k 720,000,000
less 52% 374.440,000
Net gp 345,600,000
less dev cost 60,000,000
For sharing 285,600,000
55% 157,080,000
45% 127,920,000/30 =
127 x 0.05 = 6,350
Other income: for HGMP
1. Interment: 7200 x 2 = 14,400 x 15k net = 216,000,000
2. Interest income
720,000,000 x .8 = 576,000,000 x 45% 259,200,000
ST 475,000,000
Total GP 760,200,000
2. Scenario 2 5 hectares
50,000 x 60 = 30,000/2.5 = 12,000 x 100,000 1,200,000,000
less 52% 624,000,000
Net sales 576,000,000
less DC 100,000,000
Net GP for sharing 476,000,000
55% 261,800,000
45% 214,200,000
5% 10,700,000
PS. Maybe we can have 2% of our net share (of Dev Cost, Memorial Care Fund , Marketing Expense and VAT) kung 60 - 40, or after operating expense ang sharing
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