Resolution 11983-2015

RESOLUTION REQUESTING THE COMMISSION ON AUDIT AND THE BUREAU OF LOCAL GOVERNMENT FINANCE TO LOOK INTO THE LEGALITY OF THE SETTLEMENT/COMPROMISE AGREEMENT ENTERED INTO BY AND BETWEEN AJINOMOTO PHILS. CORP. AND THE CITY GOVERNMENT OF CAGAYAN DE ORO, REPRESENTED BY MAYOR OSCAR S. MORENO THROUGH THE OIC-CITY TREASURER, IN RELATION TO CIVIL CASE NO. 2014-093, FOR REVIEW/SEEKING RELIEF OF THE LOCAL BUSINESS TAX ASSESSMENT, WITH AJINOMOTO AS PETITIONER, WHICH PROVIDES FOR THE REDUCTION OF THE TAX ASSESSMENT FOR AJINOMOTO FROM P2.9 MILLION TO P300,000.00 FOLLOWING MEDIATION THEREOF, CONSIDERING THAT THE SANGGUNIAN HAD NEVER ENACTED AN ORDINANCE FOR THE PURPOSE; AND TO TAKE APPROPRIATE ACTION TO CORRECT THE SAME, CONSISTENT WITH THE PROVISIONS OF THE LOCAL GOVERNMENT CODE AND OTHER APPLICABLE LAWS

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: March 09, 2015

Summary

COMMISSION ON AUDIT

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