AN ORDINANCE authorizing the Honorable City Mayor to enter into a Memorandum of Agreement with the Rio de Oro Mindanao, Inc., represented by Paulino S. Santos, covering the utilization of a portion of the mouth of the Cagayan de Oro River, Bonbon side, consisting of 30 to 50 hectares as dumpsite for the dredged materials and to reclaim the same on a joint venture basis under a pre-agreed sharing of the reclaimed land