Fort Del Pilar, Baguio City

PCC BOARD OF DIRECTORS AND OFFICERS

FLASHBACK

GROUND BREAKING & CORNER STONE LAYING

PROJECT TAKE OFF

FUNDING STRATEGY

THE PLAN

THE BENEFITS

HANDBILL

1. CAV PROTACIO L DEPAKAKIBO JR ’54 - Chairman

2. CAV PATERNO D LOMONGO ’54A - Vice-Chairman

3. CAV ANGELO C QUEDDING ’54 - Director

4. CAV BIENVENIDO G GOROSPE ’54 - Director

5. CAV JOSE C SORRETA ’54 - Director

6. CAV JOSE G GUILLEM ’54 - Director

7. CAV FRANCISCO V GATMAITAN ’52 - Director

8. CAV SALVADOR M MISON ’55 - Director

9. CAV ROLAND I PATTUGALAN ’57 - Director

10.CAV BONIFACIO C LOMOTAN JR ’59 - Director

11.CAV LEOPOLDO L MALIGALIG ’76 - Director

12.CAV FIORELLO S ADRIANO ’70 - Treasurer

13.CAV MARIANO R SANTIAGO ’67 - Secretary

14.CAV ROLANDO G BORJA ’82 - Asst Secretary

PCC BOARD OF DIRECTORS & OFFICERS

The 2004 PMAAAI Board under the Chairmanship of the late Cav

Stim P Muñasque, saw the need for an alumni center in PMA similar

to that in USMA and USNA as they were about to end their term.

Pursuing this vision, the succeeding 2005 Board with Cav Roland I

Pattugalan as Chairman passed a resolution creating a Special

Committee on PMAAAI Alumni Learning Center headed by Cav

Munasque himself to undertake the construction and operation of the

project which eventually became known as the PMA Cavaliers Center in

Fort del Pilar, Baguio City.

The Multipurpose facility is envisioned to be a venue for a learning

center for leadership training and professional excellence, conduct of

entrepreneurial seminars and workshops especially for retiring alumni to

prepare them for civilian life, social and cultural activities with adequate

billeting and other support facilities. It will also serve as a rest and

recreation center and as an appropriate place for PMA alumni to get-

together, foster camaraderie, and “recharge batteries.”

Saddled by complexities in the acquisition of the lot inside the BCDA 30-hectare

site in Camp John Hay, the project was stalled. Not until eighteen months later when

Cav Leopoldo Maligalig ’76 , the PMA Superintend-ent at that time, graciously

pointed out a 1.904-hectare lot inside Fort Del Pilar, did the project take off.

Consequently, groundbreaking took place on February 17, 2007.

The said PMAAAI Board resolution designated the PMA Class ’54 volunteers whose president

was Cav Stim P Munasque to be the action class in coordination with the Special Committee which

was also chaired by him in bringing the project to fruition. The two groups collaborated as the

action team composed mostly of volunteers that formulated certain concepts and acted as follows:

1. Organized the “PMA Cavaliers Cooperative” (PCC) and registered it with the Cooperative

Development Authority (CDA) on 02 October 2007 with all PMA alumni, associates and qualified

donors eligible for membership. The first 100 cooperative share subscribers who are PCC charter

members raised the amount of P3,125,000,00 which is the paid-up

capital requirement for CDA registration based on

the PCC capitalization of P50 Million.

2. At the instance of National Defense

Secretary Gilbert C. Teodoro Jr, a foundation

was created to be able to obtain government

approval for the use of the allocated 1.9 hectare

Area in Fort del Pilarm Baguio City, solicit and receive

Donations for the construction of the PMA Cavaliers

Center. Thus, the PMAers Foundation, Inc. (PFI) was

Registered with the Securities and Exchange Commission

(SEC) on 30 October 2008 with PMA alumni associates

As members.

3. The PCC and PFI having similar objectives to attain the same goal which is to put up the PMA

Cavaliers Center, have to work in tandem with respective tasks and responsibilities spelled-out under a

Build, Operate and Transfer (BOT) Agreement. The PFI will eventually have ownership and full control

of the center after complete settlement of the equity invested in the project by the PCC.

4. Funding construction of the project which is estimated to cost at least P175 Million come from

the PCC and PFI as follows:

a. PMA Cavaliers Cooperative (PCC)

(1) PCC membership fees and a minimum share subscription of 200 PCC shares valued at

P20,000.00 where the members share in the operation and profit of the cooperative.

(2) PCC “Sponsorship Agreement” whereby a sponsor, who may be an individual, group or

corporation, subsidizes the construction of a bedroom suite under certain conditions such as the

guaranteed free use of a room for 30 days per year for 25 years, etc.

b. PMAers FOUNDATION, INCORPORATED (PFI)

(1) PFI membership fees – all PMA alumni and associates are eligible for membership

(2) Donations – individual, group or corporate donors who will be duly recognized and benefit

from tax deductible credit or donations

5. Construction is to be done in two phases. (Ph1 - 3119 sq m

at the cost of Php 95.0 M, Ph 2 - 2388 sq m at the cost of Php

80.0 M). The three-storey building will have the following 4-star

features:

PHASE 1

Reception and Lounge

Coffee Shop and Piano Bar

32 Bedroom Suites

Kitchen, Storage, & Drivers’ Quarters

Construction of Phase 1 has started in February, 2008 with the initial two contracts with J

Santos Construction Company, a firm owned and operated by Cav Joselito L Santos ’61, for

the foundation structure for Phase 1.

6. The facility will be a venue for a Learning Center for Leadership training and Professional

Excellence, the conduct of entrepreneurial especially for retiring alumni to prepare them for

civilian life, seminars and workshops, conventions, social and cultural activities. The

Center will have adequate, decent and affordable billeting and other support facilities for

alumni and their guests. It may also be used by the PMA, its officers and cadets for

training or social functions. It will admit patronage of local Baguio City officials, colleges

and universities as well as corporate assemblies. It will be a suitable meeting place for

alumni to get-together, enhance camaraderie, reminisce and refresh unforgettable

memories about PMA.

PHASE 2 400 person cap Auditorium,

Lecture Room

40 Bedroom Suites Board Room,

Library, Business Center

Administrative Offices, Prayer Room,

Game Room, Convenience Store

Souvenir Shop, Laundry Shop

Parking Area, etc.

PHASE 3 28 Bedroom Suites

7. Room charges for PCC and PFI members will be

inexpensive, much lower than hotel rates in Baguio City.

This is possible because in effect it will be partly

subsidized in a number of ways.

8. The PMA Cavaliers Center is a project of PMAAAI and

members are expected to support it. As the first

important association project in the very hallowed grounds of Fort del Pilar, it will be a symbol, a

fitting reminder to PMA alumni at their sacrifices as cadets that became the key to a bright and

successful future. Every one who has gone through the rigors of cadet life should enjoy that

beautiful sentimental feeling of belonging to the prestigious elite in society. To be part of this

worthwhile project, it is also a way of paying back to the Alma Mater as the Center will give added

distinction to its already glorious image.

The PMA Cavaliers Cooperative (PCC) has decided to

construct a 100-room, 3-Star, hotel at Fort Del Pilar, in Loakan,

Baguio City, to service the out-of-town needs of the members’

visits to their alma mater. The estimated construction cost of

the facility would be Php200,000,000.

PCC had worked out the bridge funding of the construction

cost from anonymous Cavaliers. The Share Capital Formation

and Benefits Plan would provide the EXIT STRATEGY to

return the ‘loaned’ funds to the lenders in reasonably short

time that would meet said lenders’ own requirements.

CATEGORY 1

(a) Members of Class 2000 to 2009 are automatically

enrolled in the Share Capital Formation and Benefits

Plan, except those with written Option for Exclusion.

(b) Members of incoming Classes, like Class 2010,

etc., are automatically enrolled in the Share Capital

Formation and Benefits Plan upon admission in the

PMAAAI, except those with written Option for Exclusion.

CATEGORY 2

Members of Class 1999 and earlier Classes who are

in the Active Service on Plan Inception Date are

automatically enrolled in the Share Capital Formation

and Benefits Plan, except those with written Option for

Exclusion.

CATEGORY 3

Members of PMAAAI who are on retired status on

Plan Inception Date may be enrolled by their Class

Presidents in the Share Capital Formation and Benefits

Plan provided that at least 90% of eligible members of

the Class are so submitted for enrollment within the 6-

month window after Plan Inception Date.

Termination Benefits: The accumulated amount of

contribution.

Death Benefit during construction of hotel facilities:

Php100,000 or the accumulated amount of contribution,

whichever is greater.

Death Benefit after completion of hotel facilities:

Php200,000 or the accumulated amount of contribution,

whichever is greater.

Forecast Results of 5-Year Operation Forecast Results of 10-Year Operation

Share Capital Formation and Benefit Plan Articles of Coop and By laws