In what could be deemed a steal, the entire second floor of the Virac Public Market is being offered to lease by the municipal government at just P34,125 per month or P409,500 for an entire year.

The rental rate for the bare and open area of 2,275 square meters is specified in the temporary rental rates of the market approved by the Market Committee and submitted by Mayor Sinforoso Sarmiento Jr. to the Sangguniang Bayan last April 26, 2021.

“These rates are intended to apply until the Market Code is enacted,” the mayor clarified.

Two months later, on July 5, Acting Assistant Municipal Treasurer Senen Razal, who was designated as Special Assistant for Special Concerns by the chief executive, furnished the SB, through Committee on Ways and Means chairman Councilor Robert Maullon, the projected statement of receipts and expenditures of the Virac market, based on three rental rate reduction proposals which are 10%, 15% and 20% lower than the ones earlier set by the Sarmiento administration.

The rate reduction, however, applies only to the ground floor stalls and tables and does not cover the second floor, ambulant vendors and those selling accessories.

According to a source, the Market Code, which has been approved by the municipal council recently but is undergoing refinements, does not specify a rental rate for the second floor. Instead, the proposed rental rate for the entire floor is reportedly subject to the approval of the council.

Read the full story in today’s edition of the Tribune, now available in your town’s news outlets, or at the website:

Source: The Catanduanes Tribune Facebook Page

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