Mayor Backs Out From Loan Plan

Before his enemies of the Sangguniang Panglungsud drew first blood on his P 1 billion loan application, City Mayor Dan Neri Lim Friday  immediately withdrew his request for SP authority.

 It was expected that the minority block of the city law-making would make mincemeat out of the loan proposal but the city mayor jumped the gun on his critics.

 The sudden turnabout has something to do with what the city mayor called as political grandstanding.

 Even before the loan application saw the light of day in the halls of the SP, the mayor was not hiding his displeasure  about the reaction of his critics prompting him to accuse them of grandstanding.

 Earlier, Mayor Lim sought the SP's authority that he would be allowed to negotiate a loan facility with the Development Bank of the Phils. for use in the city's  infrastructure projects including the purchase of land for the Centralized Waste water Treatment Facility and Solid waste Management Project all located in barangay Taloto.

 According to Mayor Lim, the intention of his request was to ask for an authority to proceed and negotiate with the DBP on the terms and condition of the loan.

 The city mayor recalled that the last Sangguniang Panglungsud thru then vice mayor Nuevas Tirol-Montes has granted him an authority for a loan of P630,000.00 and that the latest  request was merely for a confirmation of that previous authority out of respect of the august body.

 Citing that his latest request was used to undermine his intention, Mayor Lim withdrew his loan application for P 1 billion adding that it should not be used for political ends thus prejudicing the city's development. - Sunday Post