Ordinance 8408-2002

AN ORDINANCE DECLARING THE DBP-FORECLOSED LOT, LOCATED AT IPONAN, THIS CITY, AS OFF-SITE RESETTLEMENT AREA OF THE CITY FOR THE IPONAN URBAN POOR ASSOCIATION AND FOR OTHER BENEFICIARIES THAT THE CITY MIGHT CONSIDER AND FOR SUBSEQUENT AWARD/RESALE TO THEM IN ACCORDANCE WITH THE CITY’S POLICY THERETO; AND FOR THIS PURPOSE, APPROPRIATING THE SUM OF P3,343,559.45 FROM ANY AVAILABLE SOURCES OF FUNDS AS PINPOINTED TO BY THE LOCAL FINANCE COMMITTEE TO BE MADE AVAILABLE FOR THE PAYMENT OF JUST COMPENSATION AND DOCUMENTATION EXPENSES THEREOF; AND AUTHORIZING THE CITY MAYOR TO SIGN THE DEED OF ABSOLUTE SALE RELATIVE THERETO

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2007-2009]
Status: Approved
Filed: September 16, 2002

Summary

TO BE MADE AVAILABLE FOR THE PAYMENT OF JUST COMPENSATION AND DOCUMENTATION EXPENSES THEREOF

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