Ordinance 14091-2021

AN ORDINANCE AUTHORIZING THE HONORABLE CITY MAYOR OSCAR S. MORENO TO ENTER INTO AND SIGN THE CONTRACT OF USUFRUCT WITH THE UNIVERSITY OF SCIENCE AND TECHNOLOGY OF SOUTHERN PHILIPPINES (USTP), TO BE REPRESENTED BY ITS UNIVERSITY SYSTEM PRESIDENT, DR. AMBROSIO B. CULTURA II, PHD, COVERING THE USE OF THE 10,000-SQ.M. CITY-OWNED PROPERTY, IDENTIFIED AS LOT 125-A, WHICH IS A PORTION OF LOT 125, PLSM-1098 COVERED BY TRANSFER OF CERTIFICATE OF TITLE NO. T-116738, LOCATED IN BARANGAY BALUBAL, THIS CITY, TO SERVE AS A SCHOOL SITE AND EXTENSION OF THE CAMPUS OF USTP, FOR A PERIOD OF 25 YEARS AND RENEWABLE FOR ANOTHER 25 YEARS AT THE MUTUAL AGREEMENT OF THE PARTIES, UNDER THE TERMS AND CONDITIONS STIPULATED THEREIN

LGU: Cagayan de Oro City (City)
Topic: Education
Committee: N/A [2019-2022]
Status: Approved
Filed: May 10, 2021

Summary

Usufruct, USTP

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