Ordinance 13530-2018

AN ORDINANCE APPROPRIATING THE SUM OF P14,238,499.23 FROM THE ITEM: “NON-OFFICE: GENERAL PUBLIC SERVICES SECTOR-IMPLEMENTATION OF CITY SHELTER PLAN, CAPITAL OUTLAY-ACQUISITION OF 60 HECTARES LAND” IN THE 2018 ANNUAL BUDGET, TO BE MADE AVAILABLE FOR THE FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION (P13,096,751.25) AND FOR THE REGISTRATION AND DOCUMENTATION EXPENSES INCLUDING CAPITAL GAIN TAX (P1,141,747.98) OF LOT NO. 20459 (CAD 369-D, CAGAYAN CADASTRE EXTENSION, WITH AN AREA OF 51,486 SQUARE METERS, LOCATED IN BARANGAY LUMBIA, THIS CITY, AND OWNED BY THE HEIRS OF OLYMPIO RICO, REPRESENTED BY MS. RUFA M. RICO, 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

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: October 08, 2018

Summary

FULL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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