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Annex A Sample Letter Request

The municipality of Calinog is requesting a Certificate of Net Debt Service Ceiling and Borrowing Capacity from the Bureau of Local Government Finance to support its application for a PHP 196 million loan from the Land Bank of the Philippines. The loan would be used to complete construction of a three-story government center building and would have a 15-year term with a 3-year grace period. Required documents including certifications of existing loans, recent COA audit reports, and a statement from the bank are attached to facilitate the request. Authorized representatives from the municipality and bank are also provided.

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Wilfredo Gabata Sinoy
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385 views1 page

Annex A Sample Letter Request

The municipality of Calinog is requesting a Certificate of Net Debt Service Ceiling and Borrowing Capacity from the Bureau of Local Government Finance to support its application for a PHP 196 million loan from the Land Bank of the Philippines. The loan would be used to complete construction of a three-story government center building and would have a 15-year term with a 3-year grace period. Required documents including certifications of existing loans, recent COA audit reports, and a statement from the bank are attached to facilitate the request. Authorized representatives from the municipality and bank are also provided.

Uploaded by

Wilfredo Gabata Sinoy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Annex A

Application Letter-request
March 29, 2023

MS. ARMI M. ADVINCULA


OIC - Executive Director
Bureau of Local Government Finance
Department of Finance
8th floor, EDPC Bldg., BSP Complex,
Roxas Blvd., Malate, Manila
Thru: Ms. MARIA RHODORA C. GASCON
Acting Regional Director
BLGF Region VI, Iloilo City

Dear Director ADVINCULA:


Relative to the loan application of the (Muncipality of Calinog), with the (Land Bank of the
Philippines), may we request for the issuance of Certificate of Net Debt Service Ceiling and
Borrowing Capacity from that Office, with the following information provided for your
reference/consideration:
Credit Facility Term of Loan Amount of Loan
 Completion of the Three(3)  15 years with 3 years grace  Php. 196,000,000.00
Storey Building w/ Roofdeck period
New Calinog Government
Center located at Quezon
St., Poblacion, Ilaya, Calinog,
Iloilo with approximately
1,200 Sq.m. floor area
Attached are the documents required to facilitate our request in compliance with DOF DO
No. 054.2016, dated 25 October 2016, to wit:
1. Certification by the Local Treasurer of presence or absence of loan/s;
2. Commission on Audit (COA) Annual Audit Certificate for the most recent year,
supported by year-end financial reports for the past three (3) years, and the Agency
Action Plan and Status of Implementation (AAPSI) of the latest Annual Audit Report
(AAR) recommendations if the LGU had adverse findings; [and]
3. Certification issued by the lending institution stating that it shall not require LGU
deposits as compensating balance for the loan.
The authorized representative/s of the Municipality of Calinog are WILFREDO AVIADOR
JR. Municipal Treasurer (09393991514/[email protected]), RACHEL N.
MANERO, Municipal Administrator (09176278804/[email protected]) and RHODA
LYN PANIZALES, Municipal Planning and Development Coordinator
(09099288239/[email protected]) who shall be the focal person/s for this
application. The authorized bank representative is Mr. LEO FRANCIS DESLATE,
LANDBANK Iloilo Lending Center Officer-In-Charge
(09295216177/[email protected]).

We will pick up the certificate thru our authorized representative.

Thank you.

Very truly yours,

FRANCISCO L. CALVO
Municipal Mayor

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