Ordinance 9753-2005

AN ORDINANCE APPROPRIATING THE SUM OF P500,000.00 FROM THE ITEM “LAND ACQUISITION/EXPROPRIATION” IN THE 2005 ANNUAL BUDGET TO BE MADE AVAILABLE AS PARTIAL PAYMENT OF THE CLAIM FOR JUST COMPENSATION OF THE LOT OWNED BY THE MALFERRARI CORPORATION, WITH AN APPRAISED VALUE INCLUDING REGISTRATION AND DOCUMENTATION EXPENSES OF P3,739,758.00, WHICH WAS AFFECTED BY THE PROPOSED ROAD OPENING OF RIVERA STREET EXTENSION FROM CORRALES AVENUE TO CAPT. VICENTE ROA STREET, THIS CITY; AND FOR THIS PURPOSE, AUTHORIZING THE CITY MAYOR TO SIGN THE CORRESPONDING DEED OF ABSOLUTE SALE THEREOF

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: August 01, 2005

Summary

PARTIAL PAYMENT OF THE CLAIM FOR JUST COMPENSATION

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