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Rota company ordered to vacate CPA property
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Posted on Feb 11 2009
The Commonwealth Ports Authority has terminated its lease agreement with Rota Terminal and Transfer Co. Inc. after the firm failed to settle its over $400,000 arrears with the agency. The amount does not include interest, costs and expenses incurred by CPA for its collection efforts.
RT&T has until Friday, Feb. 13, to vacate and surrender the facility to the CPA management.
Saipan Tribune learned that CPA sent numerous letters advising the Rota company about its obligation. However, RT&T’s repeated silence and inaction has left CPA with no other option than to terminate the lease agreement signed by both parties in January 1996.
As of Nov. 3, 2008, the company’s past due accounts totaled $400,704.42, which the CPA advised will still be collected through legal means.
CPA, in its attempt to generate revenues and collections this fiscal year, has decided to run after delinquent tenants and concessionaires who have been in “default” for many years.
It was learned that CPA sent the Rota company a special supplemental statement of accounts for 1996-2008, detailing the percentage of the firm’s accounts still owing CPA.
On Aug. 8, 2008, Oct. 13, 2008, and Nov. 13, 2008, the company was sent a notice of unpaid sum due and demands for payment, which then totaled $340,000.
RT&T allegedly failed repeatedly to cure the default and pay the amount owing and even neglected to contact CPA about any payment options.
The company is owned by Victor B. Hocog and Nicolas A. Songsong.
