Commercial leases will be under review - KUAM.com-KUAM News: On Air. Online. On Demand.

Commercial leases will be under review

Posted: Updated:

by Ken Quintanilla

Guam - The Chamorro Land Trust Commission is in the process of moving forward with a new set of rules and regulations for its commercial lease program. As we reported, the Guam Economic Development Authority is authorized to lease out and manage some of the commercial properties for CLTC through a memorandum of understanding.

Land management deputy director David Camacho says a draft set of rules and regs has since been presented to the CLTC. "It's rules that was mandated by the Legislature that we could go in on commercial leases, right now Land Trust is doing commercial license and without that rules and regulations, we cannot entertain or we cannot do commercial leases," he said.

Camacho says having rules and regulations not only provides guidance and fairness to the CLTC, but is helpful with revenue enhancement one of which includes moving forward with the Oka Point property in Tamuning. Before taking any action on the rules, the CLTC has requested GEDA to make a presentation at its meeting next month.

  • NEWS HEADLINESMore>>

  • Mark Charfauros' hearing continued until December 11

    Mark Charfauros' hearing continued until December 11

    Could a former Guam police commander be getting his job back? Mark Charfauros is going before the Civil Service Commission tonight to discuss a motion to void his termination from the force. The case involves a 2016 incident in Agat where Charfauros was sMore >>
    Could a former Guam police commander be getting his job back? Mark Charfauros is going before the Civil Service Commission tonight to discuss a motion to void his termination from the force. The case involves a 2016 incident in Agat where Charfauros was sMore >>
  • Congressman-elect San Nicolas completes orientation in DC

    Congressman-elect San Nicolas completes orientation in DC

    Congressman-elect Michael San Nicolas is back on island after completing his first week of Congressional Orientation in the Nation's capitol. San Nicolas joined others with the historic incoming class of the 116th US Congress, which is said to be one of tMore >>
    Congressman-elect Michael San Nicolas is back on island after completing his first week of Congressional Orientation in the Nation's capitol. San Nicolas joined others with the historic incoming class of the 116th US Congress, which is said to be one of tMore >>
  • GEC counting absentee, provisional ballots on Black Friday

    GEC counting absentee, provisional ballots on Black Friday

    The Guam Election Commission will meet at 9am on Black Friday to count absentee and provisional ballots. GEC director Maria Pangelinan says after the GEC counts ballots, we could be looking at the official end of the election. "If all goes well, we have sMore >>
    The Guam Election Commission will meet at 9am on Black Friday to count absentee and provisional ballots. GEC director Maria Pangelinan says after the GEC counts ballots, we could be looking at the official end of the election. "If all goes well, we have sMore >>
Powered by Frankly