AN ORDINANCE RATIFYING THE LOAN AGREEMENT ENTERED INTO BY AND BETWEEN THE LAND BANK OF THE PHILIPPINES REPRESENTED BY MISS GILDA E. PICO, PRESIDENT AND CHIEF EXECUTIVE OFFICER, THROUGH MR. EDEN B. JAPITANA, CAGAYAN DE ORO LENDING CENTER HEAD, AND THE CITY GOVERNMENT OF CAGAYAN DE ORO REPRESENTED BY CITY MAYOR VICENTE Y. EMANO, GOVERNING THE CITY’S APPROVED TERM LOAN WITH THE SAID BANK IN THE AMOUNT OF P227,489,600.00 TO FINANCE THE CONSTRUCTION OF THE TWO (2) FLYOVERS ALONG THE JUNCTIONS OF MACANHAN-CARMEN AND RECTO-VELEZ STREETS