AN ORDINANCE APPROVING THE NEGOTIATED REASONABLE COSTS FOR MATERIALS AND LABOR, INCLUDING THE REASONABLE COSTS OF MONEY, INCURRED DURING THE REDEVELOPMENT OF COGON MARKET (P267,673,800.77) AND CARMEN MARKET (P109,331,552.43) IN THE TOTAL AMOUNT OF P377,005,353.20, PURSUANT TO ORDINANCE NO. 10917-2008; AUTHORIZING the honorable CITY MAYOR CONSTANTINO G. JARAULA TO ENTER INTO an agreement with the ukc builders, inc., the bot project proponent/contractor, covering the rescission of the cogon and carmen markets bot contracts and the payment of compensation or reimbursement thereof; APPROPRIATING THE SUM OF P377,005,353.20 FROM THE PROCEEDS OF THE LOAN FROM THE PHILIPPINE VETERANS BANK (PVB) TO BE MADE AVAILABLE thereFOR; AND AUTHORIZING THE INCLUSION THEREOF IN SUPPLEMENTAL BUDGET NO. 1 FOR CY 2008 OF THE GENERAL FUND