The Office of the City Building Official (OBO) recorded a 23% increase in building permit collection and certification fees last year as it generated P15,395,655.52 million in payments from 16,573 permits and certificates it issued in 2010 which is 8% higher over the previous year.
The biggest collection occurred in the months of March, netting a total of P1,787,970.08 million, and December wherein the OBO earned P1,708,779.86 million. Record lows in 2010 were experienced in the months of May and June which only netted P736,163.23 and P624,777.35, respectively.
Engr. Isidro P. Obligado, Cagayan de Oro’s City Building Official, in his annual report to City Mayor Vicente Y. Emano, speculated that the drop of permit fees collections in May and June “could be attributed to investors’ apprehension which usually happens during elections as they study/assess current peace and order situation as well as the outcome of the elections”.
The building official further reported that several entities highly contributed to the rise in revenues from building permit fees such as Grupo Largo Inc. (Mallberry Hotel), Kim Jun Jeon (Condo in Kauswagan), National Food Authority (NFA), Johndorf Realty, Cagayan Communities Inc. (CCI), Liberty Land Corporation, Gaisano (Cugman), Hotel Koresko, various telecommunication companies and other individual and local investors.
The OBO’s total collection charted 70% as coming from building permits, 14% from electrical permits, 10% from occupancy permits, 5% from ancillary & accessory permits, and 1% from certificates of operation & annual building inspection. (City Information Office)