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Originally posted by remo
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dat y mii bunn fiyah pon boat da pnp ann jlp cah a racket dem run -
typical day in jam errr nigeriaComment
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yet an still wen u line dem up side by side PNP tek di medal fi most scandal…don'tOriginally posted by remo View PostComment
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the plot thickens
so barefoot princess is owned by Damali Kai Little-White
THE National Housing Trust (NHT) says that the nine-acre Orange Grove, Trelawny, property it acquired in 2013 at a cost of $180 million consists of "a 300-year-old great house, the built-in attraction called the Outameni Experience, and an extensive play area".
However, the Trust said that, in August 2013, it realised that the payment did not cover the assets of Orange Valley Holdings Limited, as it relates to the Outameni Experience, including the props and equipment used in the presentation of the show.
Another hitch has been that the intellectual property rights (copyright) for the performances are not owned by Orange Valley Holdings, but a Toronto-based company named Barefoot Princess Incorporated, which owns the name, concept and scripts, and requires a five-year licensing arrangement to lease their use by the Trust.
In addition, the audio visual components, including the actors and the music, are not for sale as both the actors and the items are licensed for a five-year period, and Orange Valley Holdings does not own the performance rights.
According to the NHT's "Outameni Concept — Roll-Out Approach for Re-Opening" document, prepared by its management and presented to the board by Acting Managing Director Martin Miller on September 1, the board — at its meeting on December 5, 2012 — "approved the acquisition of the property based on a going concern (need) to preserve (what was considered to be) a national heritage experience".
The document said, however, that "some time in August, 2013", it became clear that the NHT had not bought all the assets of Orange Valley Holdings Limited "as it relates to the Outameni Experience, but had only purchased the buildings and there would be need (for) further negotiations with Mr Lennie Little- White to acquire the chattels, including the props and equipment used in the presentation of the (Outameni) Experience".
"Following several discussions, legal advice was sought as to the legality of separating these items from the purchase of the property and the response as outlined in Appendix IV (of the submission to the board) indicate that chattels were not a part of the purchase price," the submission said.
Talks on acquiring the Orange Valley Holdings' items have been guided by an offer from the vendor (Lennie Little-White), and the NHT has procured the services of an independent valuator to appraise them.
Appendix IV of the submission shows the comparison in terms of vendor's request and the valuator's recommended offer price, however, the appendices were not available to the Jamaica Observer.
An additional $20 million of Trust funds has been requested to finance the purchase of the props and equipment used in the performances and owned by Orange Valley Holdings. But it also has to negotiate a new licence for the use of the intellectual property, including the use of the name, concept and scripts, with Barefoot Princess Incorporated.
In terms of the audio-visual components, they are not for sale, as the actors and the items are licensed for a five-year period and Orange Valley Holdings does not own the performance rights. However, Orange Valley Holdings says it is prepared to co-operate with the Trust to make it economically feasible to obtain the audio-visuals, where possible, at an additional cost.
The submission document, which was the basis of information given to members of the House of Representatives yesterday by Opposition spokesman on finance and planning, Audley Shaw, said that the stated objectives of the acquisition were:
* That the property could be used to implement one of the recommendations of the Jamaica 50 anniversary celebrations committee for a similar park to Emancipation Park to be developed in the western part of the island;
* The recruitment of someone with the relevant knowledge and experience to take over the management of the park; and
* To provide the current operators of the theme park with an opportunity to continue with its operation.
The document said that the Outameni Experience submission to the board members for approval of the project had noted that the intellectual property, which was reflected in the Outameni Experience, "was too valuable to the educational and cultural life of Jamaica to lose".
"This unique product was seen as being indispensible to the tourism industry, exposing tourists to the rich history of the Jamaican people," it stated.
"Finally, the property was seen as a recreational attraction for the surrounding housing communities, as well as complementing the Falmouth cruise ship pier, the Silver Sands property, and the upcoming Harmony Cove project," it added.When its hot in the jungle of peace I go swimming in the ocean of love.....Comment
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Originally posted by Tuff Gong View Post
When its hot in the jungle of peace I go swimming in the ocean of love.....Comment
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Originally posted by Tuff Gong View Post
mi did a come fi post dat fi RichD….mek mi tell u dis…Clovis a kill me did him cartoon dem…wicked mi a tell u…wicked….mi belly….Comment
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suh dem did pap off in Parliament mi a read ?
PSM a try answer questions bout the deal dwl
mi wouldan did love to watch that via tv or liveComment
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......Meanwhile: Road in Nannyville to be named after Easton Douglas....I bet Clovis capture dat?Originally posted by evanovitch View PostComment
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JLP says Gov’t lost $80m on Outameni before NHT purchase
AUDLEY Shaw yesterday described events surrounding the Outameni saga as a web of deception and said that prior to the $180-million spent last year for the purchase of the Trelawny property, the Government-owned Development Bank of Jamaica (DBJ) wrote off $80 million in liability owed by the company.
Shaw levelled the charge at the Jamaica Labour Party’s (JLP’s) 71st Annual Conference at the National Arena in Kingston where he joined JLP and Opposition Leader Andrew Holness in drawing attention to the issue and accused Prime Minister Portia Simpson Miller of misleading the country in her answers to questions in the House of Representatives last Tuesday.
They threatened to extend the scope of their investigations and revelations during this week on the controversial deal between the State-run National Housing Trust (NHT) and filmmaker Lennie Little White’s Orange Valley Holdings Limited, which owned the nine-acre property.
Shaw produced new information from documents relating to the transaction, which showed that prior to the March 2013 purchase of the tourist attraction, the Governmentowned National Investment Bank of Jamaica (NIBJ), which was later submerged into the DBJ, invested US$500,000 ($56 million) in the Outameni project.
The investment was by way of preference shares, which required an annual dividend payment of eight per cent per year over a fiveyear period and should have yielded a US$200,000 or $23 million gain. However, Shaw said that there was no gain from that first bailout, as “from day one, not one red cent of dividend was paid by Outameni to NIBJ”.
He said that an outstanding liability of US$700,000 or approximately $80 million, which remained on the books of DBJ, representing its equity in the Outameni company, has now been written off by the DBJ.
Both Holness and Shaw promised more questions and disclosures over the next few days as more documents become available.
Holness told the conference that the JLP now has information that shows that Prime Minister Simpson Miller misled the House when she said that she was not aware of the purchase of the tourist attraction until she read it the press. “Now we see that the prime minister had intimate knowledge of what was happening,” he told the JLP crowd.
He said that for Simpson Miller to have said that she was ignorant of the deal, meant that: (1) she was negligent in her duty to supervise the board of the NHT, in which case he suggested that she should resign as prime minister; or (2) if she never knew, as she claimed in answers to questions in the House of Representatives last week, “and if she agrees that the action was not right, then she has a duty to fire the board chairman and fire the board”.
“But she didn’t do that. She came to Parliament and she tried to obfuscate, confuse… It appears to me that because she has not acted against the board, the only thing that we can conclude is that she agrees with and possibly knew and authorised Outameni’s purchase,” Holness said.
Shaw also concluded that the prime minister had misled the House in her answers. He said that, in both cases, when she said that the NHT had not purchased the Outameni Experience, and that the first time she had heard about the transaction was in the press, she had misled the House and the country. “The entire sordid affair has turned out to be nothing but a web of deception,” Shaw told the conference.When its hot in the jungle of peace I go swimming in the ocean of love.....Comment
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Dem really a tek people fi fool
It’s $12-m, not $18-m for Outameni lands, says NHT chairman
Easton Douglas, chairman of the embattled National Housing Trust (NHT), rebutted claims at the weekend that the State-run housing body paid $18 million for 9.12 acres of Outameni lands, saying the actual sum was $12 million, or $1.3 million per acre.Douglas sought to correct widely repeated claims that the Trust paid $18 million per acre for the lands, and gave a full breakdown of the value of the total acquisition — for which it paid $180 million — based on a 2011 valuation by David deLisser and Associates.
“Had the land been vacant, the price per acre would indeed have been $18 million,” Douglas told the Jamaica Observer. “But the land value indicated in the deLisser valuation is $12,739,700.”
Douglas, a three-time Government minister who has an MSc in urban land appraisal, said the NHT paid $180 million for land, buildings and related developments valued at $311,163,800 by deLisser, licensed land valuators, acting for Outameni, and $280 million by independent valuator Norma Breakenridge and Associates, chartered valuation surveyor and licensed real estate dealer.
“What we, in fact, achieved is immediate profit of $100 million or $131 million just by the purchase alone,” said Douglas. “That sounds like good business to me.”
Delisser’s $311 million value was broken down as follows:
Land - $12,739,700
Great house - $58,496,800
Theme Park:
Building where shows are done - $79,836,500
Display area - $79,037,800
Walkways - $39,516,000
Other buildings - $8,211,400
Juice bar - $1,770,600
Jerk centre - $1,714,000
Games room - $2,751,200
Washrooms - $1,330,600
Security post - $64,700
Ticket office - $198,000
Outbuildings:
Building one - $1,000,700
Building two - $3,389,700
Building three - $273,200
Building four - $58,400
Tanks - $5,082,000
Land development - $15,246,000
Responding to criticism that the NHT did not purchase the intellectual property, Douglas also explained that it would have been unwise to do that before ascertaining what had caused Outameni to run into financial problems.
“By proceeding this way, the Trust is keeping its options open as to its future use of the property. We could buy the intellectual property or goodwill, or we could decide against it. That also is good business sense,” he suggested.
The NHT owns several other properties in the vicinity of Outameni, including the 1,000-home Stone Hedge developed at a cost of $1 billion; the 709-acre Dry Valley now in the design stage; Harmony Cove jointly owned with the Jamaica Development Bank (JDB); Silver Sands, owned by JDB, NHT and private interests; and the 30-acre Windsor property.When its hot in the jungle of peace I go swimming in the ocean of love.....Comment
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Well she is re known for saying she doesnt listen or watch the news...so what is surprising her claim she became aware of it through the media ?????Comment
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