Previous Story
MVA office lease expiring Friday
Legal discussions on land and renegotiation of lease underway
The Marianas Visitors Authority’s current office space, along with the land that Latte Built Fitness and a portion of Atkins-Kroll Toyota sits atop of, are part of an expiring long-term lease between the Pangelinan estate and Saipan Professional Corp. that expires this Friday. The original lease was arranged more than 30 to 40 years ago, and today the land has 12 joint tenants in common. Robert T. Torres of the Robert T. Torres Law Group, speaking on behalf of Marilyn P. Jones, is currently working on obtaining a special power of attorney that would allow businesses and government agencies like MVA to negotiate with two representatives from the Pangelinan estate instead of all 12.
Being one of the main items on the agenda during the MVA special board of directors meeting yesterday, April 27, included the state of the expiring office space lease and MVA’s operations resulted in multiple motions from the board. The MVA board motioned to cancel RFP-21-2027-2, a request for proposal filed as MVA continued its search for a permanent office space, passed a motion for MVA to remain and continue operations at its current location, and passed a motion ensuring that MVA will do what is needed to set up an escrow account to pay the rent for the office space once a renewal of the lease is put together.
It was stated during the board meeting that a search for a permanent office space arrangement has been a long-term endeavor of MVA, and is not new business.
Once Torres obtains the special power of attorney, he and the two representatives of the Pangelinan estate will first negotiate a temporary holdover agreement with MVA and will soon after work to renew MVA’s lease altogether. During the board meeting, Torres stated that he had advised his clients that it was in their best interest to keep MVA as a client and at its current location.
Torres is still in the progress of obtaining the special power of attorney.
