"RESOLVED, That, the recommendation of Management for the increase of MIAA ™s Fees and Charges and Amendment to Section 4 of A.0. No. 1, Series of 1993, as follows:

PART IV - RENTAL

Sec. 4:

LAND

4.1 Land located along Imelda Avenue, MIA Domestic Road, Andrews Avenue, Aurora Boulevard (Tramo Road), South Superhighway and the vicinity of the terminal building:

	From	To
Developed	P25,00/sq.m./mo.	P35.00/sq. m./mo.
Undeveloped	P20.00/sq.m./mo.	P30.00/sq. m./mo.

4.2 Land located on General Aviation areas and others not specified above:

Developed	P15,00/sq.m./mo.	P21.00/sq. m./mo.
Undeveloped	P10.00/sq.m./mo.	P14.00/sq. m./mo.

PART V - BUSINESS CONCESSIONS

Sec. 1: CONCESSIONS PRIVILEGE FEES (CPF)

1.1.4 Miscellaneous	Business
Concessions:
DUTY FREE SHOPS
Present Rate	Increase Rate
5% of Gross Sales/mo (correction made per Memorandum Circular No. 18, S. 1993, dated 21 June 1993)	10% of Gross Sales or a fixed rate of P13,738,900.00 per month whichever is higher

PART VI OTHER AIRPORT FEES AND CHARGES

Sec. 5: GROUNDHANDLING SERVICE FEES
Types of Groundhandling Services	From	To
5.1 Groundhandling Svcs at the IPT/ICT	4%	- 7% of gross income
5.2 In-Flight Catering Services	4%	- 7% of Gross Income
5.3 Repair & Maintenance Services	4%	- 7% of Gross Income

AMENDMENT TO A.O. SERIES OF 1993

PART II - GENERAL PROVISIONS

Sec. 4.          Guarantee of Prompt Payment and Compliance of the provisions of the contract.  To guarantee prompt payment of fees and charges covered by contract leases and/or concessions as well as compliance of the provisions of the contract, excluding government agencies whose functions are essential in the operations of the airport and airlines, a deposit either in the form of Manager Check or cash shall be made with the Authority, the amount of which shall be equivalent to three (3) months rentals and Concession Privilege Fee, one (1) month advance, and a Surety Bond from GSIS in the amount equivalent to the total rentals and CPF during the term of the contract but not to exceed P5 Million or a cash bond in the amount not exceeding P2 Million.  These shall be maintained during the duration of the lease/ concession, and in the case of default, shall be automatically applied to the back accounts. In the event a Surety Bond cannot be posted upon contract signing, the lessee/concessionaire shall be required to post surety cash deposit in the amount corresponding to four (4) months rentals and concessions privilege fees, refundable upon posting of the surety bond.  Failure to post the required Surety Bond within a period of two (2) months shall automatically cancel the effectivity of the contract. Deposits, advances and bonds which were applied to back accounts, should be restored within five (5) days from the date they were applied, otherwise the contract shall be rendered ineffective after the lapse of the said period.

be approved, as it is hereby approved, subject to existing rules and regulations."

That, the foregoing Resolution is still in full force and effect, and has not been repealed, amended, or modified as of this date.

Adopted: 05 July 1994