Ordinance 10194-2006

AN ORDINANCE appropriating the sum of P1,582,386.00 from the item “Land Acquisition/Expropriation” in the 2006 Annual Budget to be made available for the second and final payment of the claim for just compensation of the lot owned by Georgina Cid, Lauro Cid Jr. and Grace Cid, with an appraised value of P3,082,386.00 including registration and documentation expenses, which was affected by the On-Site Relocation Project in Barangay Bonbon, this City; 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 [2016-2019] Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: July 03, 2006

Summary

Second and final payment of the claim for just compensation

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