Ordinance 11813-2010

AN ORDINANCE AUTHORIZING THE HONORABLE CITY MAYOR OR ANY OF HIS AUTHORIZED REPRESENTATIVE TO INITIATE EXPROPRIATION PROCEEDINGS IN COURT FOR THE ACQUISITION OF PROPERTIES OF THE HEREIN LOT OWNERS, LOCATED AT BARANGAY NO. 21, THIS CITY, FOR USE AS ROAD-RIGHT-OF-WAY THEREAT AND FOR THIS PURPOSE, APPROPRIATING THE SUM OF P2,029,223.65 FROM THE ITEM “NON-OFFICE: LAND ACQUISITION/EXPROPRIATION” IN THE 2010 ANNUAL BUDGET TO BE MADE AVAILABLE FOR THE PAYMENT FOR JUST COMPENSATION INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES (P1,746,809.25) WITH 15% COURT DEPOSIT AND FILING FEE FOR THE EXPROPRIATION PROCEEDINGS (P282,414.40)

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: October 05, 2010

Summary

PAYMENT FOR JUST COMPENSATION REGISTRATION AND DOCUMENTATION EXPENSES

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