Bill mandates two appraisals of CLTC land - KUAM.com-KUAM News: On Air. Online. On Demand.

Bill mandates two appraisals of CLTC land

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by Mindy Aguon

Guam - A freshman senator introduces legislation he says would establish certain conditions for commercial leases through the Chamorro Land Trust Commission. Senator Chris Duenas introduced Bill 115, which would require two appraisals for any property to be leased through the CLTC.

The CLTC has yet to gain approval of new rules and regulations for commercial leases that would establish terms and conditions for future leases. Senator Duenas says currently the land trust only has two properties in their inventory from which they can receive fees.  He says currently there is nothing that mandates two appraisals of the properties.

Duenas says he wants to ensure the people of Guam are receiving proper compensation for their government leases.

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