Ordinance 6065-1997

AN ORDINANCE AUTHORIZING THE CITY MAYOR, THIS CITY, TO APPLY FOR A BACK-TO-BACK LOAN WITH THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP) OR ANY DEPOSITORY BANKS OF THE CITY IN THE AMOUNT OF P 4,074,539.00 FOR THE OPERATION KAHUSAY UG KALINAW (OKK): P 2,950,500.00 OF WHICH FOR THE PAYMENT OF ADDITIONAL SEVEN (7) VEHICLES INCLUDING REGISTRATION, INSURANCE, RADIO BASE COMMUNICATIONS, DRIVERS' ACCESSORIES WITH MAGNETIC BLINKERS AND AIRCONDITIONING UNITS AND THE BALANCE OF P 1,124,039.00 FOR THE WAGES, CONTRIBUTIONS AND YEAR-END BENEFITS OF TWENTY (20) DRIVERS FOR SAID VEHICLES FOR 3 SHIFTS FROM JULY TO DECEMBER 1997

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2007-2009]
Status: Approved
Filed: June 30, 1997

Summary

APPLY FOR A BACK-TO-BACK LOAN WITH THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP)

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