by Mindy Aguon
Guam - With hundreds of people waiting to get a piece of the Chamorro Land Trust Commission's inventory, today the commission announced the details of an agreement with one of the island's largest real estate developer that will result in beneficiaries getting a lot with utilities. It was in May of this year KUAM News first broke the story about Tonko Reyes incorporated was using CLTC land behind Paradise Estates as a staging area without compensating the Commission.
Today the developer announced that it will voluntarily survey 1,000,000 square meters of land (approximately 250 acres) that will enable hundreds of lots to be subdivided and distributed to those who have been waiting for years. Department of Land Management director Monte Mafnas said, "Subdividing the lot is a huge exercise and we intend to master plan the project so we have mixed uses, possibly a school, definitely a community center, and create Chamorro village and parks and recreation facilities."
Mafnas says the beneficiaries will be served with water, power and sewer that comes from Paradise Estates.
In the meantime, the Commission also received a $100,000 check from Younex today as compensation for allowing the company to utilize a portion of Ypao Point as a staging area.