Ordinance 13349-2017

An Ordinance appropriating the sum of P21,756,416.00 from the item: “Non-Office: Land Acquisition/Expropriation” in the 2017 Annual Budget, to be made available for the full payment of the claim for just compensation including registration and documentation, Capital Gains Tax, Transfer Fee and Notarial Fee of Lot 2, PCS-10-000893, TCT No. T-152435 with an area of 106,018 square meters located in Barangay Lumbia, Cagayan de Oro City and owned by the Philippine National Bank -Limketkai Center Branch, to be used for resettlement site/land banking purposes; and for this purpose, authorizing the Honorable City Mayor to sign the corresponding Deed of Absolute Sale thereof

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: December 04, 2017

Summary

FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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