Env’t cmte OKs MOA for EIA Support Fund
THE City Council committee on environment chaired by Councilor Enrico D. Salcedo, endorsed for approval the Memorandum of Agreement (MOA) between the Guardians of the Earth Association, Inc. (GEAI) and the city government of Cagayan de Oro (proponent) for the Estimated Review Support Fund (ESRF) relative to its application for the issuance of Environmental Clearance Certificate (ECC).
This is in compliance with Presidential Decree No. 1586 or the Philippine Environmental Impact System (PEISS) for Project Lunhaw.
GEAI is an organization of Pollution Control Officers (PCO) in Northern Mindanao, a non-stock, non-profit and non-government organization duly registered with the Securities and Exchange Commission.
Under the MOA, the GEAI shall receive in trust the amount of P117,700 representing the estimated cost of the review that will be directly managed by the GEAI and shall be called the EAI Review Support Fund.
It shall establish a separate trust record from which all disbursements related to expenditure items as specified in the approved EIS Review WFP, directly managed by the GEAI shall be charged, disburse funds according to the approved EIS Review WFP, and institute appropriate controls to ensure that all disbursements are justified and are within the limits set forth in the approved WFP, among others.
For its part, the city shall deposit with the GEAI the full amount representing the estimated cost of review, pay the GEAI the management fee equivalent to 10-percent of the cost of the review, ensure that all logistics support not directly managed by the GEAI are provided in a timely manner.
It shall also coordinate with the EMB DENR-X regarding logistical and/or financial resource requirements of the review, provide the GEAI a written notice of the project closure or completion of the EIS review process for purposes of securing GEAI, final financial report on the project, in the absence of such written notice, the EIS review process shall be deemed as still in progress, among others.