AN ORDINANCE ratifying the Memorandum of Agreement entered into and signed by and between Hon. City Mayor Vicente Y. Emano, for and in behalf of the City Government of Cagayan de Oro, and Mr. Rolando G. Birao, for and in behalf of the City Urban Homeowners Association, Inc., covering the latter’s loan with the City Government in the amount of P340,000.00 as counterpart fund for the acquisition of the lot located at Sta. Cruz Village, Carmen, this city, under the Land Tenurial Assistance Program of the National Housing Authority