AN ORDINANCE APPROVING THE APPLICATION OF N.V. TEVES REALTY INC., REPRESENTED BY ITS PRESIDENT MR. NIBOCAR V. TEVES, FOR PRELIMINARY APPROVAL AND LOCATIONAL CLEARANCE (PALC) OF CUP VILLAGE-SOCIALIZED HOUSING PROJECT, WITH AN AREA OF 47,043 SQUARE METERS, CONTAINING 320 LOTS/UNITS, LOCATED IN BARANGAY PAGATPAT, THIS CITY, SUBJECT TO THE HEREIN CONDITIONS OF THE CITY ENGINEERING OFFICE AND CITY PLANNING AND DEVELOPMENT OFFICE