Ordinance 9859-2005

AN ORDINANCE APPROPRIATING THE SUM OF P500,000.00 FROM THE ITEM “LAND ACQUISITION/EXPROPRIATION” IN THE 2005 ANNUAL BUDGET TO BE MADE AVAILABLE FOR THE AN ORDINANCE APPROPRIATING THE SUM OF P500,000.00 FROM THE ITEM “LAND ACQUISITION/EXPROPRIATION” IN THE 2005 ANNUAL BUDGET TO BE MADE AVAILABLE FOR THE PARTIAL PAYMENT OF THE CLAIM FOR JUST COMPENSATION OF THE LOT OWNED BY THE CD CORPORATION, WITH AN APPRAISED VALUE OF P2,255,938.00 INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES, WHICH WAS ACQUIRED BY THE CITY AS RELOCATION SITE OF THE FAMILIES AFFECTED BY THE ROAD PROJECT AT MANUEL VEGA STREET, BARANGAY CONSOLACION, THIS CITY; AND FOR THIS PURPOSE, AUTHORIZING THE CITY MAYOR TO SIGN THE CORRESPONDING DEED OF ABSOLUTE SALE THEREOF OWNED BY THE CD CORPORATION, WITH AN APPRAISED VALUE OF P2,255,938.00 INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES, WHICH WAS ACQUIRED BY THE CITY AS RELOCATION SITE OF THE FAMILIES AFFECTED BY THE ROAD PROJECT AT MANUEL VEGA STREET, BARANGAY CONSOLACION, THIS CITY; AND FOR THIS PURPOSE, AUTHORIZING THE 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 [2016-2019] Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: October 17, 2005

Summary

PAYMENT OF THE CLAIM FOR JUST COMPENSATION OF THE LOT

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