AN ORDINANCE declaring the 1,658-square meter lot owned by Philippine Veterans Bank, located at Lapasan, this city, covered under TCT Nos. T-89579 & T-89578 as On-and off-Site Resettlement Area of the city; and for this purpose, appropriating the sum of P851,000.00 from the item “Land Acquisition/ Expropriation” in the 2002 Annual Budget to be made available for the payment of just compensation at P500.00 per square meter including registration expenses thereof, and authorizing the City Mayor to sign the Deed of Absolute Sale thereof