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PGB, Bugemco seal 30-year lease contract for new commercial building
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MALAYBALAY CITY, Bukidnon (February 29, 2024) – The Provincial Government of Bukidnon (PGB) and the Bukidnon Government Employees Multipurpose Cooperative (BUGEMCO) has engaged in a 30-year lease arrangement for the use of a new 3-storey Commercial Building II
The signing ceremony was held on February 27, 2024, during the inauguration of PGB’s new commercial facility on Fortich St. in Brgy. 7. Malaybalay City, Bukidnon.
Provincial Governor Rogelio Neil P. Roque signed the MOA on behalf of PGB, while Ms. Venus Lubguban, Bugemco’s chief executive officer, signed on behalf of the cooperative.
The terms and conditions of the contract are specified in Resolution No. 2024-2890 of the 27th Sangguniang Panlawigan (SP).
The PGB in a press statement said the monthly lease payments of ₱800,000 net of tax are due on the 10th of each month.
The new Bukidnon Commercial Building II of the PGB will house the BUGEMCO-Malaybalay Branch Office, BUGEMCO Mart, a training facility for cooperative affairs, and future plans to deliver quality services to its members and the community.
Governor Roque thanked former Governor and current 3rd District Representative Jose Ma. R. Zubiri, Jr. in all his efforts for initiating the project during his term as governor.
During Zubiri’s stint as Governor, the PGB has allocated ₱100,999,905.00 from the 20 percent Development Fund.
Jejor’s Construction Corporation completed its work on July 21, 2022, and the Certificate of Occupancy was entirely gained on December 18, 2023, after overcoming PGB obstacles. (melbmadera)
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