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Senate panel presses PREPA for inventories, valuations in review of property sales under Resolution 913

Senate · April 24, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

At a hearing on Resolution 913, PREPA officials told a Senate committee they have an inventory of dozens of properties proposed for disposition but lack staff and funds for appraisals. The committee ordered PREPA to deliver cadastral IDs and book values within 10 days and sought a meeting with SEDVI/AFAF to pursue valuations.

SAN JUAN — A Senate committee hearing on Resolution 913 pressed officials from the Puerto Rico Electric Authority (PREPA) on April 24 over plans to evaluate and potentially sell or lease real properties owned by the authority, including any holdings tied to the former Roosevelt Roads base.

The committee, chaired by a sitting senator (not named in the record), began the hearing by asking PREPA legal counsel Lic. Leonel Santa Crispín and Eng. Ricardo Figueroa Colón, head of properties and facilities, to explain an inventory PREPA submitted under the resolution. Santa Crispín said PREPA had presented a list of 36 properties that the board has discussed and is preparing to refer to SEDVI (the commission for evaluation and disposition of real property under the Puerto Rico Fiscal Agency and Financial Advisory Authority, AFAF). Santa Crispín said PREPA lacks in‑house surveyors and certified appraisers and therefore sought SEDVI’s assistance.

“Nos ceñimos a la citación…presentar si alguna propiedad de la autoridad que estuvieran dentro de las facilidades de Roosevelt Roads,” Santa Crispín told the committee, noting PREPA would verify whether any equipment or files remain at the former base. Earlier in the hearing a committee member asked directly whether PREPA held any immovable assets in Roosevelt Roads; counsel replied there were no PREPA‑owned…

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