AN ORDINANCE AUTHORIZING THE CITY MAYOR TO IDENTIFY, AND ALLOCATE FOR, THE PROGRAMS AND PROJECTS QUALIFIED FOR FUNDING UNDER THE 20% DEVELOPMENT FUND FOR CALENDAR YEAR 2008, AND AUTHORIZING THE IMPLEMENTATION OF SAID PROJECTS WITH AN OPTION TO RELEASE THE AMOUNT/S DIRECTLY TO THE BARANGAYS IN SUPPORT TO COOPERATIVE ENDEAVORS AND HASTEN THE IMPLEMENTATION OF THE SAME; AND FOR THIS PURPOSE, AUTHORIZING THE CITY MAYOR TO ENTER INTO MEMORANDA OF AGREEMENT WITH CONCERNED BARANGAYS AND/OR OTHER PARTIES COVERING THEAN ORDINANCE AUTHORIZING THE CITY MAYOR TO IDENTIFY, AND ALLOCATE FOR, THE PROGRAMS AND PROJECTS QUALIFIED FOR FUNDING UNDER THE 20% DEVELOPMENT FUND FOR CALENDAR YEAR 2008, AND AUTHORIZING THE IMPLEMENTATION OF SAID PROJECTS WITH AN OPTION TO RELEASE THE AMOUNT/S DIRECTLY TO THE BARANGAYS IN SUPPORT TO COOPERATIVE ENDEAVORS AND HASTEN THE IMPLEMENTATION OF THE SAME; AND FOR THIS PURPOSE, AUTHORIZING THE CITY MAYOR TO ENTER INTO MEMORANDA OF AGREEMENT WITH CONCERNED BARANGAYS AND/OR OTHER PARTIES COVERING THE IMPLEMENTATION OF THE PROGRAMS AND PROJECTS HEREOF HEREOF