Several members of the association are upset over the new rules of Mimosa that spouses and children of members will no longer be allowed playing rights.
One of the members said when he joined in 1996 he made his wife the primary member on the basis that “she will probably live longer than me.”
He said since then, he has been playing “as a spouse” for 20 years now.
But what is more alarming, he said, is “we are not allowed to sell our membership shares anymore.”
“It appears also that we can no longer sell our memberships. Thus, they have become worthless in cash value. Can you imagine that at Wack Wack?” he lamented.
Most of the individual and corporate members acquired their memberships for more than P1 million.
He said the Koreans are particularly upset about the exclusion of spouses and dependents from the playing rights and they wanted to call for a protest rally and confront FMI.
Koreans comprise one third of the members numbering about 1,500.
One of the members blamed the Clark Development Corp. (CDC) for “not protecting” their rights.
Allan P. Dungao, president of the MMGCCAI in a letter to CDC chairman of the board and acting president Eliseo B. Santiago on June 2 requested copies of the lease agreement contracts of the original owner Mondragon Leisure and Resorts Corp. (MLRC) and new owner FMI “since we are an affected party in the midst of uncertainty brought about by the ongoing turnover and since no information has been issued” by either CDC or the new owner.
Dungao said the contracts will be used as basis for determining the status of their memberships under the administration of the new investor.
Confidentiality
However, CDC vice president and chairperson of the special asset privatization committee Evangeline Tejada denied Dungao’s request saying there are “confidentiality clauses” in the said lease agreement contracts.
“We regret to inform you that we cannot grant such request in view of the confidentiality clauses with the MLRC, including the recently executed lease agreement with the Filinvest Mimosa, Inc. (FMI), the new lessee of the former Mimosa Leisure Estate.”
Tejada said “under the Terms of Reference (Privatization of the former MLE covering 201.64 hectares through a 50-year Lease Arrangement) and related bid bulletins issued which are still posted at www.clark.com.ph, the new company to be formed by the winning bidder shall recognize the playing privileges of the members of the former Mimosa Golf and Country Club as endorsed in good standing by CDC.”
