The Department of Public Lands is pleased to announce that it has resolved its dispute with Saipan Entertainment LLC, Kan Pacific Saipan Ltd., and Imperial Pacific International regarding Kan Pacific\u2019s interest in the Mariana Resort and Spa property and DPL\u2019s RFP for a new lease. In that action DPL alleged that the agreement between Kan Pacific and Imperial Pacific announced in December was an attempt by Imperial Pacific to eliminate competition in DPL\u2019s RFP; and that Kan Pacific\u2019s previous assignments and subleases of public land were void because Kan Pacific failed to comply with its lease and seek DPL\u2019s prior approval.<\/p>\n
As oart of that settlement, Kan Pacific Saipan represented that it did not have the financial ability to submit a proposal that was responsive to DPL\u2019s Request for Proposals.<\/p>\n
By dismissing all claims brought in the lawsuit, Kan Pacific and Imperial Pacific agreed to each pay $500,000 to DPL to resolve its claims. Moreover, Kan Pacific agreed to terminate its lease early if the winning bidder under RFP 15-RED-006 requests its lease to commence before Kan Pacific\u2019s natural expiration in 2018.<\/p>\n
DPL Secretary Marianne Concepcion-Teregeyo remarked, \u201cDPL is pleased to resolve this matter and to remove any barriers to completion of its RFP on time and without interference. This settlement reaps a significant reward for the Commonwealth, removes the threat of litigation by Kan Pacific to prevent award of a new lease to the winning bidder, and paves the way for DPL to begin collecting significantly higher rents for our public lands in Marpi as soon as July or August of this year.\u201d (PR)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Department of Public Lands is pleased to announce that it has resolved its dispute…<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[175,9661,2331,1252],"class_list":["post-227548","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-dpl","tag-imperial-pacific-international","tag-public-lands","tag-rfp"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/227548","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=227548"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/227548\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=227548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=227548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=227548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}