AN ORDINANCE confirming, ratifying and/or approving the Contract Agreement entered into by and between the City Government of Cagayan de Oro, represented by City Mayor Vicente Y. Emano, and Alebon Genuine Merchandising, represented by its Proprietor, Mr. Reynaldo C. Chan, covering the proposed Tibasak Road Extension to SDR passing Elena Homes, Macasandig, this City, in the amount of P8,025,635.34