Northlands Pacific Builders and Development Corporation _____________________________________________________________________________________________ CHAPTER 1: INTRODUCTION OF THE STUDY PROJECT BACKGROUND The Corporation Northlands Pacific Builders and Development Corporation (NPBDC) is a newly registered corporation which aims to be a major player in the urbanization and development projects here in Northern Luzon. It has humbly started with a number of close friends and relatives aiming to join the rising industry of real estate by developing commercial and residential areas that are business, community and environment friendly. Northlands Pacific Builders and Development Corporation (NPBDC) was registered on September 26, 2012 with the Securities and Exchange Commission It has an authorized stock of ten million pesos (Php 10,000,0000.00), divided into one million ( 1,000,000) shares with a par value of ten pesos (Php 10.00) per share. It has humbly started with a number of relatives and close friends which aims to be a major player in the urbanization and development projects here in Northern Luzon. Northlands was named after the ‘Northlands Real Estate Services’, a small brokerage firm catering from buying and selling of lots to land tiling and survey services, by Ms. Flordeliza G. Dungan, now the Chief Executive Officer of the Corporation. NPBDC’s incorporators are group of licensed professionals of different fields from real estate, engineering, accounting down to the academe. VISION We envision Northlands Pacific Builders and Development Corporation to be a key player in the urban and development projects in Northern Luzon, incorporating Ilocano style into developing exceptional yet affordable, community1|Page Mountain Resort Feasibility Study Northlands Pacific Builders and Development Corporation _____________________________________________________________________________________________ sensitive and environment friendly residential, commercial and recreational facilities. MISSION Our mission is committed into real estate developments through utilizing our people’s creativity, experience and technical expertise, exceeding customers’ expectations and serving as catalyst of advancements while building long term value for our stakeholders. CORE VALUES  NOBLE practitioners upholding integrity and honestly all the times.  PROFESSIONALISM is our key to success. We value relationships. We value people. They are the bloodline and engine room for every business endeavor.  We BUILD with Innovation and Creativity. Ensuring customer’s best interest is always of the utmost importance.  DO unto others as you would have them do unto you. This is the very foundation of teamwork and respect making our workplace fun and enjoyable letting every employee grow personally and professionally.  We value COMMITMENT to our customers, fellow practitioners, government and society as a whole. 2|Page Mountain Resort Feasibility Study Northlands Pacific Builders and Development Corporation _____________________________________________________________________________________________ Our LOGO and its Meaning Four Curves- represent the Four Provinces of Region 1- Pangasinan, La Union, Ilocos Sur and Ilocos Norte. NPBDC aims to bring significant developments in the Ilocos Region incorporating touch of local design and arrangements. House- represents the corporation’s real estate development projects such as but not limited to commercial, residential and recreational developments. Mountains- depict the environment and natural resources. NPCDC takes responsibility and commitment to environment issues. Green Color- Green is a color of growth and vitality. Darker greens relate to money and stakeholders’ wealth maximization, while lighter greens relate to growth and freshness. Turquoise- This color defines NPBDC’s clarity of thought, communication and a symbol of friendship and peace. Blue- This defines NPBDC’s integrity. It relates to trust, honesty and dependability, building customers’ satisfaction and loyalty. 3|Page Mountain Resort Feasibility Study Northlands Pacific Builders and Development Corporation _____________________________________________________________________________________________ Proponents of the Corporation The set number of Directors of the Corporation is seven (7) and that the names, nationalities and residence of the Directors of the said Corporation who shall act as such until their successor are elected and have qualified as provided for in the laws are as follows: Name Nationality Residence Flordeliza G. Dungan Filipino Panicsican, San Juan, La Union William D. Tallawan Filipino Sevilla Norte, City of San Fernando, La Union Teresa B. Galasi Filipino San Agustin, City of San Fernando, La Union Rodolfo N. Paneda Filipino San Julian East, Agoo, La Union Allan Noel M. Delovino Filipino Ili Norte, San Juan, La Union Cynthia V. Lao Filipino Ili Norte, San Juan, La Union Edelberto T. Tabion Filipino Cabaroan, San Fernando City, La Union First Developmental Project The Corporation’s first project is a development of a 1.4 hectare lot located in Cacapian, San Juan, La Union. Almost half of the total area will be developed as mountain resort which is the focused of the study. In the phase 2, mountain villas surrounding the resort will be constructed. The mountain villas will be open to investors whose primary objective is to lease the villa where the corporation will do the property management. The first phase of the project is the development of the resort where the ball wave pool and the kiddie pool are of priority and will serve as the main facilities. The second phase is the development of mountain villas where villa owners intend to invest their villa units as for rent cottages and housing facilities. NPBDC will serve as 4|Page Mountain Resort Feasibility Study Northlands Pacific Builders and Development Corporation _____________________________________________________________________________________________ the property manager of the units. The third phase would be the completion of the mountain resort where added pools and facilities will be developed. Of the three phases, the corporation will have three major operations: resort operation, property management and food and beverage services. This feasibility study is delimited to the resort operations and its related administrative functions. 5|Page Mountain Resort Feasibility Study