AN ORDINANCE AUTHORIZING THE HONORABLE CITY MAYOR TO OFFER FOR LONG-TERM LEASE THE VACANT SPACES AT THE 2ND AND 3RD FLOORS OF COGON PUBLIC MARKET AND AT THE 2ND FLOOR OF CARMEN PUBLIC MARKET, BOTH THIS CITY, AT THE RATE OF NOT LESS THAN P10.00 PER SQUARE METER PER MONTH, SUBJECT TO THE CONDITION THAT THE LESSEE/S THEREOF SHALL UNDERTAKE AT THEIR OWN EXPENSE THE REDEVELOPMENT OF THE AREA INCLUDING THE INSTALLATION OF ESCALATOR/ELEVATOR AND/OR THE CONSTRUCTION OF POLICE PRECINCT OFFICE WITH SEPARATE EGRESS/INGRESS, AMONG OTHERS; AND FOR THIS PURPOSE, AMENDING SECTION 172(1) AND (2) OF CHAPTER 142 (STALL RENTAL AND MARKET FEES) AND OTHER PERTINENT PROVISIONS OF ORDINANCE NO. 4373-94, OTHERWISE KNOWN AS THE CODIFIED ORDINANCE OF CAGAYAN DE ORO CITY, AS AMENDED