Ordinance 13240-2017

AN ORDINANCE appropriating the sum of P30,488,245.10 from the item “Non-Office: Land Acquisition/Expropriation” in the 2017 Annual Budget to be made available for the full payment of the claim for just compensation (P29,685,320.00) and for registration and documentation expenses (P802,925.10) of Lot No. 3, PCS-10-00893 under TCT No. T-62587 with an area of 106,019 square meters located at Lumbia, Cagayan de Oro City and owned by Mr. Rogelio B. Rabanes (deceased), to be used for resettlement site/land banking purposes (100,812 m2) And for eco-park and other facilities (5,207 m2); and for this purpose, authorizing the Honorable 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 [2019-2022]
Status: Approved
Filed: May 22, 2017

Summary

FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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