AN ORDINANCE APPROVING THE DEVELOPMENT PERMIT (DP) OFM VELMIRO HEIGHTS CDO, LOCATED IN BARANGAY AGUSAN, THIS CITY, WITH AN AREA OF 121,195 SQUARE METERS, CONTAINING 518 LOTS/UNITS (PD 957 / SOCIALIZED HOUSING PROJECT), AS APPLIED FOR BY THE CEBU LANDMASTER, INC., REPRESENTED BY ITS CHIEF OPERATING OFFICER JOSE FRANCO B. SOBERANO; SUBJECT TO THE CONDITIONS IMPOSED BY THE CITY ENGINEERING OFFICE AND THE CITY HOUSING AND URBAN DEVELOPMENT DEPARTMENT