Ordinance 10735-2007

AN ORDINANCE appropriating the sum of P244,007.25 from the item “Land Acquisition/Expropriation” in the 2007 Annual Budget to be made available for the AN ORDINANCE appropriating the sum of P244,007.25 from the item “Land Acquisition/Expropriation” in the 2007 Annual Budget to be made available for the second and full payment of the claim for just compensation of the lot owned by Luz Fabe Vda. De Rafanan, with an appraised value of P474,257.25 including registration and documentation expenses, which was affected by the construction of 5th Bridge Kagay-an and Access Road, Barangay Carmen, this city; and for this purpose, authorizing the City Mayor to sign the Deed of Absolute Sale thereof owned by Luz Fabe Vda. De Rafanan, with an appraised value of P474,257.25 including registration and documentation expenses, which was affected by the construction of 5th Bridge Kagay-an and Access Road, Barangay Carmen, this city; and for this purpose, 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: August 13, 2007

Summary

Second and full payment of the claim for just compensation of the lot

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