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Republic of the Philippines
PALAWAN COUNCIL FOR SUSTAINABLE DEVELOPMENT
(R.A. 7611)
Puerto Princesa City, Palawan

PCSD RESOLUTION NO. 97-108

RESOLUTION APPROVING THE IMPLEMENTATION OF LAGEN ISLAND RESORT PROJECT IN BACQUIT BAY, EL NIDO, OWNED BY TEN KNOTS DEVELOPMENT CORPORATION

WHEREAS, Republic Act 7611, known as the Strategic Environmental Plan for Palawan Act was signed law on June 19, 1992;

WHEREAS, the PCSD is mandated by R.A. 7611 to ensure sustainable development of Palawan;

WHEREAS, on January 25, 1997 Mr. Alberto Lim, President of Ten Knots Development Corporation, sought the approval of PCSD to implemtn the Lagen Island Resort project;

WHEREAS, the Ten Knots Corporation has been awarded an Environmental Clearance Certificate in August 1990 and with a correspoding amendments approved in August 1993 for a 50-room resort development in the Lagen Island at Bacquit Bay in El Nido, Palawan;

WHEREAS, a trust fund was set-up in accordance with the Memorandum of Agreement entered into by Ten Knots Development Corporation, The Palawan Council for Sustainable Development, The Deparment fo Tourism and the Dearptment of Environment and Natural Resources on January 1995;

NOWTHEREFORE, upon the unanimous motion and duly seconded by all the members of the Council present, the Council;

RESOLVED, as it is hereby Resolved, that the Council approved the implementation of Lagen Island Resort Projec in Bacquit Bay, El Nido, subject to all other building permits and requirements;

RESOLVED, finally that copies of this resolution be furnished to the Ten Knots Development Corporation, The Department of Tourism, and the Department of Environment and Natural Resources for their information and guidance.

APPROVED and ADOPTED this 24th Day of January 1997 in Puerto Princesa City.

Certified True and Correct:

ARTHUR R. VENTURA
Secretary

Approved:

GOV.SALVADOR P. SOCRATES
Chairman,PCSD