Ordinance 13360-2017

AN ORDINANCE APPROPRIATING THE SUM OF P23,050,866.00 FROM THE ITEM: “NON-OFFICE: ECONOMIC SERVICES SECTOR - LAND ACQUISITION/ EXPROPRIATION (GADOR PROPERTY) UNDER SUPPLEMENTAL BUDGET NO. 1 FOR CY 2016” TO BE MADE AVAILABLE FOR THE FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION INCLUDING DOCUMENTATION AND REGISTRATION EXPENSES AND CAPITAL GAINS TAX OF PORTION OF LOT NO. 20450, CAD-369-D UNDER ORIGINAL CERTIFICATE OF TITLE NO. P-3375 WITH AN AREA OF 76,402 SQ.M. LOCATED AT SITIO PAHIRON, BARANGAY LUMBIA, THIS CITY, OWNED BY THE HEIRS OF RIZAL GADOR, WHICH WILL BE USED AS RELOCATION SITE OF THE CITY GOVERNMENT FOR THE CONSTRUCTION OF THE 722 HOUSING UNITS FUNDED BY THE JAPAN NON PROJECT GRANT AID, PURSUANT TO ORDINANCE NO. 12991-2015; FOR THIS PURPOSE, AUTHORIZING THE CITY MAYOR TO SIGN THE DEED OF EXTRA-JUDICIAL PARTITION WITH ABSOLUTE SALE THEREOF; AND REPEALING ORDINANCE NO. 13087-2016

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: December 11, 2017

Summary

FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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