Terms Used In 12 Guam Code Ann. § 83103

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(a) For the purpose of facilitating the financing, design, build and maintenance of the Guam Twenty-First Century Healthcare Center encompassed by this Act, the Government of Guam is authorized to lease property that will be used for the Guam Twenty-First Century Healthcare Center, as required, to the Guam Economic Development Authority and/or the contractor/ developer sufficient Government of Guam real property; provided, that such property is in the inventory of the Government of Guam.

(b) The Government of Guam is also authorized to lease-back the property from the Guam Economic Development Authority and/or the contractor/developer for a period mutually agreed upon between the Government of Guam and the Guam Economic Development Authority and/or the contractor/developer as may be reasonably necessary to amortize the lease-back period of no more than forty (40) years of the cost associated with the design, construction, and maintenance of the Guam Twenty-First Century Healthcare Center. In no event shall the end of such lease-back period be structured as an annually renewable lease with a provision for automatic renewals to the extent that pledged revenue under § 83109 of this Chapter is available. The lease-back shall not be construed as a debt under any applicable debt limitation under the Organic Act of Guam or Guam law.

2022 NOTE: Subsection designations added pursuant to the authority of
1 Guam Code Ann. § 1606.

§ 83104. Hospital Project Supervision, Reuse Study, and
Appropriation.

(a) The Guam Twenty-First Century Healthcare Center project undertaken under the provisions of this Act shall be in accordance with the plans, specifications, standards and costs approved by GEDA and shall be under the supervision of GEDA.

COL 7/27/2023

12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 83 THE GUAM TWENTY-FIRST (21ST) CENTURY
HEALTHCARE CENTER ACT OF 2021

(b) A detailed reuse study which compares the feasibility of either converting the existing GMH inpatient hospital to a Government of Guam facility or developing a new Government of Guam facility for the purposes of housing Government of Guam agencies that are currently renting commercial spaces shall also include financing options for the purpose of funding the reuse or development of the said Government of Guam facility by utilizing the savings from annual rent realized by the Government of Guam based on moving from commercial spaces to the redeveloped facility. Further, the reuse study shall include the estimated costs associated with the design, financing, renovation and/or new construction of the central government office complex separate and apart from the Guam Twenty-First Century Healthcare Center.

(c) GEDA may solicit the services for a Program Management Office, which shall include, but is not limited to, creating scopes of work, coordinating projects, performance targets, conducting periodic quality control reviews, assuring timely product generation and response, and managing the project to produce a quality product within the budget and schedule during the construction of the Guam Twenty-First Century Healthcare Center.