Ordinance 13322-2017

An Ordinance appropriating the sum of P25,631,511.35 from the item: “Implementation of City Shelter Plan-Acquisition of 60 Hectares Land in the 2017 Annual Budget of the City Planning and Development Office” to be made available for the full payment of the claim for just compensation - P24,914,465.00 at P235/m2, and for registration and documentation expenses - P717,046.35 of Lot 4, PCS-10-000893 under TCT No. T-62588 with an area of 106,019 square meters located at Barangay Lumbia, this City, and owned by Mr. Necito B. Rabanes (deceased), to be used for resettlement site/land banking purposes and for eco-park and other facilities; 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: November 06, 2017

Summary

FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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