{"id":32464,"date":"2015-12-10T23:02:04","date_gmt":"2015-12-10T23:02:04","guid":{"rendered":"https:\/\/viconsortium.com\/?p=32464"},"modified":"2015-12-10T23:05:31","modified_gmt":"2015-12-10T23:05:31","slug":"sen-roach-displeased-with-mapp-for-not-providing-hovensa-purchase-agreement-to-senate","status":"publish","type":"post","link":"http:\/\/wp.viconsortium.com\/?p=32464","title":{"rendered":"Sen. Roach Displeased With Mapp For Not Providing HOVENSA Purchase Agreement To Senate"},"content":{"rendered":"<p>ST. CROIX &#8212; While the 31st Legislature has seen the operating agreement between Limetree Bay Holdings, a subsidiary of ArcLight Partners, LLC, and the Government of the Virgin Islands, a press release issued by Senator Tregenza Roach contends that the Senate never received the purchase agreement signed among Limetree Bay Holdings, HOVENSA and Hess Oil Virgin Islands. It&#8217;s a document Mr. Roach contends is indelible to his own decision-making process in regards to the sale of the refinery to ArcLight.<\/p>\n<p>But the document was made widely available to media outlets by Government House on December 2; a day after the governor announced the partnership with Arclight. In fact, The Consortium made available the <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/viconsortium.com\/business\/purchase-agreement-between-arclight-hovensa-and-hess-oil-revealed\/\" target=\"_blank\">entire document on its website<\/a><\/span>.<\/p>\n<p>Mr. Roach said he received the operating agreement on December 1, but as\u00a0he began to read and analyze it, the document referenced the purchase agreement &#8212; a separate yet equally important indenture &#8212; in a number of instances, according to the release.<\/p>\n<p>Mr. Roach said he immediately inquired of the Senate&#8217;s legal counsel whether that office had received the purchase agreement, but legal counsel said no such contract was received.<\/p>\n<p>\u201cI then wrote the governor because I believe that it is important to understand the contents of the purchase agreement, presumably between HOVENSA and Limetree Bay Terminals, LLC, because its terms may impact the interpretation of the proposed operating agreement,\u201d he said.<\/p>\n<p>The independent lawmaker said\u00a0he wrote to the governor in good faith because he did not want to wait until the special session called by the governor for December 17 to raise pertinent questions.<\/p>\n<p>&#8220;I wanted sufficient time to digest all of this and in order to make a decision which I believe is in the best interest of the people of the Virgin Islands,\u201d Mr. Roach said.<\/p>\n<p>The legislator said he believes that members of the Senate should be provided with a copy of the purchase agreement, as it contains important information directly tied to the Limetree Bay\/GVI agreement.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Feature Image: Sen. Tregenza Roach.<\/em><\/p>\n<p><em>Image Credit: VIC.<\/em><\/p>\n<p>&nbsp;<\/p>\n[embeddoc url=&#8221;https:\/\/viconsortium.com\/wp-content\/uploads\/2015\/12\/HOVENSA-Asset-Purchase-Agreement.pdf&#8221;]\n","protected":false},"excerpt":{"rendered":"<p>ST. CROIX &#8212; While the 31st Legislature has seen the operating agreement between Limetree Bay Holdings, a subsidiary of ArcLight Partners, LLC, and the Government of the Virgin Islands, a press release issued by Senator Tregenza Roach contends that the Senate never received the purchase agreement signed among Limetree Bay Holdings, HOVENSA and Hess Oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,191,147,20],"tags":[3333,4090],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sen. Roach Displeased With Mapp For Not Providing HOVENSA Purchase Agreement To Senate - V.I. Consortium<\/title>\n<meta name=\"description\" content=\"Find Virgin Islands new, opinion, politics, lifestyle, business and more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/wp.viconsortium.com\/?p=32464\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ernice Gilbert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/wp.viconsortium.com\/?p=32464\",\"url\":\"http:\/\/wp.viconsortium.com\/?p=32464\",\"name\":\"Sen. 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I've been the Editor-In-Chief at my videogames website, Gamesthirst, for over 5 years, writing over 7,000 articles and more than 2 million words. I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. VI Consortium was birthed out of said desire, hopefully my efforts bear fruit. Reach me at ernice@viconsortium.com.\",\"sameAs\":[\"http:\/\/ernicegilbert.com\/\"],\"url\":\"http:\/\/wp.viconsortium.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sen. Roach Displeased With Mapp For Not Providing HOVENSA Purchase Agreement To Senate - V.I. 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