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Company offers to improve Seaplane Ramp
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Posted on Aug 10 2000
Pacific Subsea Saipan, Inc., the company that offers submarine tour, has offered to improve the Seaplane Ramp which it is currently leasing from the Commonwealth Ports Authority in exchange for a long-term lease.
But the CPA Board deferred any action on the recommendation and instead tossed the proposal to the Seaport Committee for further study.
Pacific Subsea’s main reason to expand the leased premises is to be able to carry out effective maintenance of the area which has been neglected with so much trash left over by small boat owners, according to Stephen Nutting, treasurer/secretary of the firm.
During a recent board meeting, Mr. Nutting said Pacific Subsea would like to repair the dilapidated part of the pier and build a lift system for the submarine and other vessels of the company from the water for dry dock and inspections.
To be able to finance such plans, Mr. Nutting said the company would be borrowing money from the bank, thus the need for a 15-year lease.
While CPA management finds the offer commendable, it has expressed apprehension in giving long-term lease because of its previous experience with other tenants who have promised to carry out improvements in the leased area but neglected to do so.
At the same time, CPA Executive Director Carlos H. Salas said the ports authority has also changed its policy in terms of providing long-term leases to allow the ports authority find ways on how to make more revenues for the seaport division.
Meanwhile, the Seaport Committee has suspended any action on the proposal of Islands Fresh Company in connection with its lease agreement with the ports authority since the company’s owner, former Gov. Lorenzo I. DL Guerrero, is still recovering in a hospital in Manila after suffering from a stroke.
