{"id":221837,"date":"2016-02-29T06:01:53","date_gmt":"2016-02-28T20:01:53","guid":{"rendered":"http:\/\/www.saipantribune.com\/?p=221837"},"modified":"2016-02-29T06:01:53","modified_gmt":"2016-02-28T20:01:53","slug":"tinian-leaders-finally-settle-usgs-debt","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/tinian-leaders-finally-settle-usgs-debt\/","title":{"rendered":"Tinian leaders finally settle USGS debt"},"content":{"rendered":"
\"From<\/a>
From left, Marianas Public Land Trust trustees Peter Q. Cruz, Martin Ada, and Frica T. Pangelinan, Finance Secretary Larissa Larson, 15th Tinian Municipal Council chair Raynaldo M. Cing, Sen. Francisco Q. Cruz (R-Tinian), Senate President Francisco M. Borja (Ind-Tinian), 19th Tinian Legislative Delegation chair Senator Jude U. Hofschneider (R-Tinian), Tinian Mayor Joey P. San Nicolas, and Rep. Edwin P. Aldan (Ind-Tinian) pose for a group photo. (Contributed Photo)<\/figcaption><\/figure>\n

The trustees of the Marianas Public Land Trust voted unanimously last Feb. 25 to approve the Municipality of Tinian\u2019s request for a $1.3 million loan. <\/p>\n

Tinian requested for a loan from MPLT to satisfy the 2005 judgment in the amount of $1.3 million that was entered against the municipality by the federal court for work and materials provided by the U.S. Geological Survey for exploratory drilling on Tinian in 1989.<\/p>\n

The federal court in December of 2015 granted the federal government\u2019s writ of execution which levied Tinian\u2019s Municipal funds meant for payment of employees, programs and services. <\/p>\n

\u201cAfter close to 20 years of owing this debt to the federal government, I am pleased to announce that the Municipality of Tinian and Aguiguan has fully satisfied the judgment that was ordered by the district court in US v. Borja,\u201d said Tinian Mayor Joey P. San Nicolas. \u201cBy fully satisfying the judgment now per the Payment Installment Agreement entered into in January, we have saved the Municipality of Tinian close to $600,000 in interest. These are funds that we can put to better use elsewhere.\u201d<\/p>\n

\u201cNo one is happier than I am to finally pay off this debt as I was the sitting mayor when the municipality was sued,\u201d said acting governor and Senate President Francisco M. Borja (Ind-Tinian) who was present at the MPLT when the loan was approved. \u201cThis loan will now allow us to focus on other critical issues that need to be addressed on Tinian without worrying about the federal government looking over our shoulder.\u201d<\/p>\n

\u201cThe levy could not have come at the worst time as it was executed on New Year\u2019s Eve. However, this leadership worked swiftly and collaboratively to address the situation. We are now in a position to reallocate and reprioritize our limited financial resources to continue our delivery of essential programs and services and maintain employment of our people,\u201d said San Nicolas.<\/p>\n

The Tinian Legislative Delegation pledged a portion of Tinian\u2019s share of the annual casino license fee collected pursuant to Public Law 18-56 to service the loan from MPLT. The loan is for a three-year term at the annual interest rate of 5 percent. \u201cI am thankful that the Trustees saw the urgency and the value in investing these funds in the people of Tinian. Just as we pledged to satisfy the USGS judgment, I am confident that we are able to live up to the obligations of this loan,\u201d said San Nicolas. <\/p>\n

The municipality has already made its first annual payment to MPLT in the amount $450,000 as appropriated by Tinian Local Law 19-10.<\/p>\n

San Nicolas extends his appreciation to the Tinian Leadership, the MPLT trustees, and the CNMI Secretary of Finance Larissa Larson for their efforts in the loan process. <\/p>\n

\u201cThis was definitely a process which required teamwork. The expeditious approval of our request was the result of the collaboration between the Tinian Mayor\u2019s Office, the Tinian Municipal Council, the Tinian Legislative Delegation, the Secretary of Finance, Governor Torres and Lt. Governor Hocog, and the staff and management of MPLT. I thank everyone for their effort and support,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The trustees of the Marianas Public Land Trust voted unanimously last Feb. 25 to approve…<\/p>\n","protected":false},"author":28,"featured_media":221838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[161,1339,2122,1957],"class_list":["post-221837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","tag-mplt","tag-san-nicolas","tag-tinian-legislative-delegation","tag-tinian-municipal-council"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/221837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=221837"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/221837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/221838"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=221837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=221837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=221837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}