AN ORDINANCE APPROPRIATING THE AMOUNT OF P3,000,000,00 TO BE MADE AVAILABLE FOR THE ACQUISITION BY THE CITY GOVERNMENT OF TWO (2) PARCELS OF LAND, DESCRIBED AS LOT NO. 80-B-2, BLOCK NO. 2913, OF SUBDIVISION PLAN (IRC) PSD-55473, CONTAINING AN AREA OF ABOUT 19,113.1 SQUARE METERS, COVERED BY TRANSFER CERTIFICATE OF TITLE NO. 83226 ISSUED BY THE REGISTER OF DEEDS OF THE CITY OF MANILA IN THE NAME OF FRANCISCO GERONIMO JR. AND LOT NO. 80-A, BLOCK NO. 2913, OF SUBDIVISION PLAN PSD- 2591, CONTAINING AN AREA OF ABOUT 20,052.40 SQUARE METERS COVERED BY TRANSFER CERTIFICATE OF TITLE NO. 39226 ISSUED BY THE REGISTER OF DEEDS OF THE CITY OF MANILA IN THE NAME OF FLORA SMITH AS LEGAL GUARDIAN OF RICARDO MANOTOC Y. SMITH, AT PRICES RANGING FROM P50.00 TO 100.00 PER SQUARE METER AS RECOMMENDED BY THE APPRAISAL COMMITTEE, TO BE SUBDIVIDED AND RESOLD, ON EASY INSTALLMENT PLAN, WITHIN A PERIOD OF NOT MORE THAN FORTY (40) YEARS, TO THE ACTUAL AND BONA FIDE TENANTS THEREOF.
