AN ORDINANCE AUTHORIZING THE CITY MAYOR TO ENTER INTO AND SIGN THE MEMORANDUM OF AGREEMENT WITH THE BARANGAY COUNCIL OF BUGO, REPRESENTED BY PUNONG BARANGAY ATTY. PERSEVARANDO L. ARAÑA, COVERING THE CONSTRUCTION OF SPILLWAY AT CABAG-ASAN CREEK, BUGO, FUNDED BY RURAL/URBAN DEVELOPMENT INFRASTRUCTURE PROGRAM FUND (RA 8745) UNDER SARO NO. ROCS 01 04490, IN THE AMOUNT OF P300,000.00, UNDER THE TERMS AND CONDITIONS STIPULATED THEREIN