CPAC to finalize lot valuation for 93-1 land swap

Members of the Cebu Provincial Appraisal Committee (CPAC) are set to meet next week to finalize the valuation of lots covered by the proposed land swap deal with the Cebu City government in a bid to resolve the long-running 93-1 controversy.

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The meeting is scheduled for Tuesday, August 26.

The provincial government has already completed the appraisal of the properties, a contentious issue that has delayed the deal for decades.

Provincial Assessor Michelle Languido said many beneficiaries have expressed concern over the high valuation pegged by the Pag-IBIG Fund based on the fair market value of the lots.

“Ang problema man gud sa beneficiaries kay dili sila ka-afford because of the high values pegged by the Pag-IBIG Fund,” Languido said in an interview.

Governor Pamela Baricuatro earlier ordered a review of the appraisal following complaints from settlers. Instead of selling the properties directly to beneficiaries through Pag-IBIG loans, both the provincial and city governments agreed to revive the land-swap option.