Ordinance 14435-2023

AN ORDINANCE AUTHORIZING THE HONORABLE CITY MAYOR ROLANDO A. UY, REPRESENTING THE CITY GOVERNMENT OF CAGAYAN DE ORO, TO ENTER INTO AND SIGN THE CONTRACT OF LOAN WITH REAL ESTATE MORTGAGE WITH THE NATIONAL HOUSING AUTHORITY (NHA), REPRESENTED BY ITS ACTING REGIONAL MANAGER FOR REGION X, ALFONSO L. BORLAGDAN, COVERING THE GRANT OF LOAN BY THE NHA TO THE CITY GOVERNMENT OF CAGAYAN DE ORO, IN THE AMOUNT OF ₱50 MILLION (TREATED AS HALF LOAN-HALF GRANT), FOR THE DEVELOPMENT OF CAGAYAN DE ORO RESETTLEMENT AND SOCIALIZED HOUSING PROJECT 5 (CDORSHP-5) PHASE 2 AT THE CITY-OWNED PROPERTY IDENTIFIED AS LOT NO. 18503-C, CAD 237, CSD-10-025489-D, LOCATED IN BARANGAY SAN SIMON, THIS CITY, CONTAINING 132 HOUSING UNITS, UNDER THE TERMS AND CONDITIONS STIPULATED THEREIN

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2007-2009]
Status: Approved
Filed: January 23, 2023

Summary

CONTRACT OF LOAN WITH NATIONAL HOUSING AUTHORITY (NHA), CAGAYAN DE ORO RESETTLEMENT AND SOCIALIZED HOUSING PROJECT 5 (CDORSHP-5)

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