AN ORDINANCE DECLARING THE LOT OWNED BY MR. JAIME MEDINA, LOCATED AT ZONE 9, CARINUGAN, MACANHAN, CARMEN, THIS CITY, AS ON-SITE RESETTLEMENT PROJECT OF THE CITY; APPROPRIATING THE SUM OF P500,000.00 FROM THE ITEM “LAND EXPROPRIATION/ACQUISITION” IN THE 2005 ANNUAL BUDGET TO BE MADE AVAILABLE FOR THE FIRST PARTIAL PAYMENT OF THE CLAIM FOR JUST COMPENSATION OF THE SAID PROPERTY WITH AN APPRAISED VALUE OF P1,597,780.00 INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES; AND FOR THIS PURPOSE, AUTHORIZING THE HONORABLE CITY MAYOR TO SIGN THE DEED OF ABSOLUTE SALE THEREOF