May 03, 2015

Cap ex plans for HGOMP and HGCMP

To :     MLM
            AC

April 13, 2015

cc:     Majorem  Mam Elvie, Madel

We intend to improve the above mentioned memorial parks in the following manner in 2015

Holy Gardens Oton

      1.  Complete the retaining wall at the right side to form a U   5 million

      2.  Back filling                  2,5 million 

      3.  Extension of roads          P1M

      4.  Chapel office and cr     -  P1m  (we allocate 4 million in 2016 to finish project and 

This shall be financed from Majorem, 5 years to pay at 12% interest.  AC must do a cash flows, and sell x number to generate cash flow to pay off the loans and must consider the penalty it must pay to HLURB

Holy Gardens Calapan:

        Backfilling   -     2 million

        Roads               1 million

       Chapel   cr office  1.5 million

       BC                          .5 million

This shall be financed by borrowing from Ms. Madrigal  -  5 million at 6%....


Calapan must endeavor to sell more.  Kailangan Oton at Calapan, humataw sa Hataw para may puhunan
         


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