Today I sent a note to Scott Harris regarding an issue that was not discussed in the conference call; that is the conversion of rights of possession property to titled and wondered if the lawsuit they alluded to involved that issue.
His brief reply came in an e-mail he wrote as he was waiting in the airport for a flight home. (I wonder how much of the budget involves the principals traveling to the states and back - oh, that's mean!) He said the following:
Regarding the conversion to Title, I guess I didn’t think to include it [in our conference call] as our application is still pending in the offices of the Land Use Ministry and though our attorneys keep putting pressure on the authorities to get it resolved, it is a slow process and so I really don’t have any new news. But rest assured that it is a very key initiative for us and so we are doing all we can including calling in favors to get this done.
In closing he did say that the lawsuit was with regard to a small piece of land was in an ROP territory between Pelican Bay and Cayman Beach.
Mick O.
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There has been some discussion about the specifics of getting Rights of Possession properties titled. Here is what Scott Harris told me last week:
"...ultimately converting ROP to a titled piece of land is definitely a government action by Catastro – the ministry that will have to make it official.
"But before that day, there is ton of lobbying and legal wrangling that goes on – everything from providing a mountain of legal documents to official land surveys which Catastro then goes out and verifies etc.
"There will be many negotiations over the final sq. meter price to be paid to Catastro for doing this and if we didn’t have a legal team pushing this everyday and helping to move paperwork from one desk to the next, it wouldn’t ever get done. The squeaky wheel..."
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