Ordinance 13898-2020

AN ORDINANCE APPROPRIATING THE SUM OF P11,444,722.47 FROM THE "CONTINUING APPROPRIATION, ANNUAL BUDGET CY 2018, NON-OFFICE: GENERAL PUBLIC SERVICES SECTOR-IMPLEMENTATION OF CITY SHELTER PLAN, CAPITAL OUTLAY-ACQUISITION OF 60 HECTARES LAND"", TO BE MADE AVAILABLE FOR THE FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION (P10,527,337.13) AND FOR THE REGISTRATION AND DOCUMENTATION EXPENSES INCLUDING CAPITAL GAIN TAX (P917,385.34) OF LOT NO. 20409-B, PSD-10-078288, A PORTION OF LOT 20409, CAD-369-D WITH AN AREA OF 44,631 SQUARE METERS, LOCATED IN BARANGAY LUMBIA, THIS CITY , AND OWNED BY THE HEIRS OF SPS. AGAPITO FLORES TAMAYO AND FERNANDA ZALDIVAR-TAMAYO, TO BE USED FOR RESETTLEMENT SITE/LAND BANKING PURPOSES; AND FOR THIS PURPOSE, AUTHORIZING THE HONORABLE CITY MAYOR TO SIGN THE DEED OF ABSOLUTE SALE THEREOF; AND REPEALING ORDINANCE NO. 13504-2018

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: June 16, 2020

Summary

FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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