AN ORDINANCE APPROVING THE APPLICATION OF THE CEBU LAND MASTERS, INC., REPRESENTED BY ITS EVP & COO, MR. JOSE FRANCO B. SOBERANO, FOR PRELIMINARY APPROVAL AND LOCATIONAL CLEARANCE (PALC) OF VELMIRO HEIGHTS, CDO SUBDIVISION PROJECT, WITH AN AREA OF 121, 915 SQUARE METERS, CONTAINING 518 LOTS/UNITS, LOCATED IN BARANGAY AGUSAN, THIS CITY, SUBJECT TO THE HEREIN CONDITIONS