AN ORDINANCE REPEALING ORDINANCE NO. 5737-96, “AUTHORIZING THE PURCHASE OF THE PARCON LOT, LOCATED AT MACASANDIG, THIS CITY, CONSISTING OF THREE (3) HECTARES UNDER THE LAND BANKING PROGRAM AT P330.00 PER SQUARE METER”, AND FOR THIS PURPOSE CANCELING THE DEED OF ABSOLUTE SALE SIGNED AND ENTERED INTO BY AND BETWEEN THE CITY AND THE VENDOR, LEONORA PARCON