Ordinance 9572-2005

AN ORDINANCE DECLARING THE LOT OWNED BY GEORGINA CID, LAURO CID, AND GRACE CID, LOCATED AT BARANGAY BONBON, THIS CITY, AS ON- AND OFF-SITE RESETTLEMENT AREA OF THE CITY FOR SUBSEQUENT AWARD AND RESALE TO QUALIFIED BENEFICIARIES PURSUANT TO THE CITY’S POLICY THERETO; AND FOR THIS PURPOSE, APPROPRIATING THE SUM OF P3,082,386.00 FROM THE ITEM “LAND ACQUISITION/EXPROPRIATION” IN THE 2005 ANNUAL BUDGET TO BE MADE AVAILABLE FOR THE PAYMENT OF JUST COMPENSATION INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES THEREOF; AND AUTHORIZING THE CITY MAYOR TO SIGN THE DEED OF ABSOLUTE SALE THEREOF

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2016-2019] Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: February 28, 2005

Summary

PAYMENT OF JUST COMPENSATION INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES THEREOF

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