Ordinance 10106-2006

AN ORDINANCE appropriating the sum of P528,386.00 from the item “Land Acquisition/Expropriation” in the 2006 Annual Budget to be made available for the second and full payment of the claim for just compensation of the lot owned by Spouses Rebecca Floirendo and Benjamin Hughes, with an appraised value of P1,028,386.00 including registration and documentation expenses, which was acquired by the City as On-and Off-Site Resettlement Area, located at Zone 9, Barangay Carmen, this city; 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 [2016-2019] Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: April 10, 2006

Summary

Second and full payment of the claim for just compensation

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