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CDA approves modifications to Ocean Vista’s QC

The Commonwealth Development Authority board has denied Ocean Vista Resort’s request for excise tax relief but approved other modifications to the resort’s qualifying certificate. In their original qualifying certificate application, the resort proposed a tax relief on excise tax...
Posted On Jul 31 2015 06:00
, By Dennis B. Chan

CDA board loses quorum

The Commonwealth Development Authority board lacks quorum after Gov. Eloy S. Inos withdrew his nomination of a board member earlier this month. In a June 10 letter to Senate President Victor B. Hocog (Ind-Rota), Inos did not state his reasons in withdrawing the nomination of Tom...
Posted On Jun 24 2015 06:00
, By Dennis B. Chan

Ocean Vista QC approved; another’s QC is suspended

Gov. Eloy Inos has signed off on the suspension of Laolao Bay Golf Resort’s qualifying certificate, while also approving this certificate, which provides tax relief for investors, for Ocean Vista Resort. According to the Commonwealth Development Authority QC analyst Carline...
Posted On May 20 2015 04:00
, By Dennis B. Chan

CDA approves Ocean Vista’s qualifying certificate

The Commonwealth Development Authority board of directors approved yesterday the qualifying certificate application of Ocean Vista Resort, with a requirement that it doles out $150,000 in public contributions every year, among others. The board emerged from an executive session...
Posted On Apr 29 2015 04:00
, By Dennis B. Chan
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