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  • Prime Minister the Most Hon. Portia Simpson Miller says that all documents and correspondence requested by the Auditor General and the Contractor General regarding the purchase of the Orange Grove property in North Trelawny by the National Housing Trust (NHT) will be provided to them.
  • She was speaking in the House of Representatives on Tuesday (December 2), in response to questions posed by Leader of the Opposition, Andrew Holness, on the purchase of the property by the NHT.
  • She added that the cost for the land was $12.74 million with Capital and Credit Merchant Bank being the vendor acting under its powers of sale.

Prime Minister the Most Hon. Portia Simpson Miller says that all documents and correspondence requested by the Auditor General and the Contractor General regarding the purchase of the Orange Grove property in North Trelawny by the National Housing Trust (NHT) will be provided to them.

She was speaking in the House of Representatives on Tuesday (December 2), in response to questions posed by Leader of the Opposition, Andrew Holness, on the purchase of the property by the NHT.

Mrs. Simpson Miller also told the Lower House that the total expenditure for purchase of the buildings, including a 300-year-old Great House and land, chattels and associated costs in relation to the Orange Grove property, is $208,256,713.

“This includes the March 15, 2013 purchase by the NHT from Capital and Credit Merchant Bank for $180 Million, Orange Grove in Trelawny, comprising 9.12 acres of land and at least 16 buildings, including the 300-year-old Great House, where the Outameni Experience operated,” she stated.

She added that the cost for the land was $12.74 million with Capital and Credit Merchant Bank being the vendor acting under its powers of sale.

The total also includes the July 2014 purchase by the NHT of chattels and equipment for $2,112,885. The Prime Minister said the sale agreement for the purchase of the chattels has been made public by the board of the NHT.

In addition to the purchase price indicated, the NHT has spent $25,259, 958 for the maintenance and administration of the property, costs associated with the purchase of the land, such as the valuation report, legal fees, and stamp duty, insurance, and property tax.

The Prime Minister also informed that the Development Bank of Jamaica (DBJ) has written off US$500,000 plus accruals, which it invested in preference shares, not debt, issued by Orange Valley Holdings Limited.

She also added that in 2008, Orange Valley Holdings Limited was the beneficiary of a $3 million loan facility, which the Tourism Enhancement Fund (TEF) made available to tourism entities.

 

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