first_img….owner defaulted on bank loans – receiver/managerHaving defaulted on payments due to a local bank, BaiShanLin General Manager Chu Hongbo, sole owner of Sunset Lakes Inc, has now had his 100-acre property placed in receivership with the appointee looking to make a sale.According to public advertisements locally, Sunset Lakes Inc—previously owned by local business tycoon Brian Tiwarie – is looking for bidders, local or foreign, to submit proposals for the purchase of the 100-acre plot of land located in proximityA model of the fully-gated five-star, luxurious villa community complete with all modern facilities and amenities, to be developed by Sunset Lakes Incto the Guyana National Stadium at Providence, East Bank Demerara.The receiver/manager appointed by the court is Nigel Hinds, who, during a brief interview with Guyana Times on Monday, downplayed recent suggestions by the Central Housing and Planning Authority (CH&PA) that it was looking to repossess the land.Hinds told this publication that the title for the land had been issued to BK International proprietor Brian Tiwarie, the original owner of Sunset Lakes Inc.The receiver, who was appointed by the court in February, told this newspaper the fact that a title had been issued meant that the company was in fact in compliance with all the requirements that had been set out by the CH&PA.He explained that Tiwarie had sold the shares in the company to Chu, the GeneralBaiShanLin Managing Director Chu HongboManager of the controversial logging company – currently in limbo with the Guyana Government’s revenue collection agency over claims the company owed billions.Hinds told Guyana Times that with Chu as the sole shareholder, the process was initiated since the company would have defaulted on its loan payments to the locally incorporated bank.In 2014, Tiwarie had sold the shares in Sunset Lakes Inc to Chu for some US$8 million shortly after receiving the 100-acre property from the CH&PA.This transaction has since engaged the attention of the commercial court, since Chu has reportedly reneged on the agreement and owes Tiwarie some US$4 million for the property.Sunset Lakes was introduced as a luxurious gated community during GuyExpo 2014 by Chu alongside the BaiShanLin displays, boasting security, privacy and other amenities and was advertised at US$7 per square foot. Completed houses had seen an average mark-up price around $28 million. Lower-end lots were advertised for sale beginning at $8 million while the ultra-luxurious homes would have cost in excess of $100 million.According to the entity’s website, New Life Community to be developed by Sunset Lakes Inc would be a fully gated five-star, luxurious villa community complete with all modern facilities and amenities.“The development contains an area of 100 acres, total building area of 1432642.78 sq ft for constructions of approximately 380 villas. The overall layout is like a lotus flower with four surrounding districts, A, B, C and D. The central district is the community social centre.The first phase in District A has commenced and will feature 100 villas, together with four areas reserved for public facilities, including water-supply station, garbage disposal facility, and fire station.”Sunset Lakes Inc was first incorporated in April 2011, “with the vision of introducing for the first time in Guyana a five-star gated community offering all modern amenities namely New Life Community.”The 100 acres of land was divided into two plots – the first of 71.09 acres was sold for $5 million per acre, while the remaining 28.91 acres cost $4 million per acre. The total cost was $471.09 million.Sunset Lakes, under Tiwarie’s control at the time, agreed to complete infrastructural works, including paved roads, and drainage, electricity and water networks, within three months of the agreement being signed. This did not obtain.Sunset Lakes was in 2015 ordered to attend a meeting with then Minister within the Communities Ministry Keith Scott, and other officials of the CH&PA to explain the delays.Efforts to contact the company’s named real estate/marketing personnel Amanda Lam proved futile as calls to the listed contact numbers went unanswered.The sale of the 100 acres of land aback the Providence Stadium had attracted sustained criticism particularly from the then Opposition now Government of the day, A Partnership for National Unity/Alliance for Change (APNU/AFC).last_img read more

first_imgA special tribute has been made by former colleagues to former Rosses Community School teacher CP O’Donnell who sadly passed away last year.CP O’Donnell known better as ‘Paddy Murray’ was a much loved, respected and revered teacher during his career at Rosses Community School. However, Paddy was best-known and loved for the passion and success he brought to the school’s soccer and GAA teams over the years.His infectious passion for the game rubbed off on you and Paddy had the ability to get the best out of every player regardless of his/her ability on the field.It was this skill that made him such a superb manager and mentor to people and resulted in years of success on the field for Rosses Community School.His colleagues on the FAIS committee have touchingly decided to honour Paddy’s memory by re-naming the Donegal first-year schools competition as the CP O’Donnell Memorial Cup. The final takes place this Friday, and it’s fitting that final is between Rosses Community School and St Eunan’s College.The game takes places almost to the day last year that Paddy 69, slipped away after a short illness.Paddy, a native of Mullaghduff was educated at St Eunan’s College and spent his entire professional career teaching in Rosses Community School.The final between Rosses CS and St Eunans College will take place tomorrow Friday 22nd in Maghery at 1pm.His son Mel O’Donnell, a primary school teacher at Kilmacrennan N.S. has followed in his father’s footsteps by being involved with various different sides at all age groups in schools football.Mel told Donegal Daily, “It’s a special tribute to dad who loved everything to do with sport, especially at schools level. “We would like to thank the FAIS committee in Donegal on behalf of our family for honouring dad in such a nice way.“Best of luck to both schools in the final.Coincidentally, the final will be played on the week of the 1st anniversary of his passing.Paddy was responsible for Rosses Community School’s finest hour on a football pitch when they captured the All-Ireland title in 1982. SPECIAL TRIBUTE MADE TO FORMER ROSSES TEACHER CP O’DONNELL was last modified: May 21st, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CP O’DonnellnewsPaddy Murrayrosses community schoolsoccerSportlast_img read more