WITNESSETH:

WHEREAS, (state the rationale for the Project and the background of the Project

WHEREAS, on <<date>>, the LGU obtained the approval of the _______________ for the financing and construction of a GOVERNMENT ADMINISTRATIVE CENTER under a Build-Lease-Transfer Agreement in line with RA 7718 (the BOT Law) and its IRR;

(Note: for the list of approving entity, please refer to Section 2.7.b of the IRR of the BOT Law)

WHEREAS, the PROPONENT-LESSOR has been selected by the LGU to undertake the financing and construction of a GOVERNMENT ADMINISTRATIVE CENTER on the terms and conditions set forth in this Agreement as a result of a competitive public bidding process conducted by the LGU under the applicable provisions of the BOT Law;

NOW, THEREFORE, for and in consideration of the above premises and the mutual obligations, commitments and undertakings assumed and accepted hereunder, the PARTIES agree as follows: