ORDINANCE No. 6655

AN ORDINANCE APPROPRIATING THE AMOUNT OF P71,400.00 TO BE MADE AVAILABLE FOR THE ACQUISITION OF THAT PARCEL OF LAND KNOWN AS CARMEN VILLONGCO ESTATE DESCRIBED AS LOT NO. 3, BLOCK 801, COVERED BY TRANSFER CERTIFICATE OF TITLE NO. 44729, CONTAINING AN AREA OF 1,013.10 SQUARE METERS, MORE OR LESS, AT THE RATE OF P90.00 PER SQUARE METER FOR THE FIRST THIRTY (30) SQUARE METERS FROM SANTIAGO STREET (P37,800.00) AND P60.00 PER SQUARE METER FOR THE REMAINING PORTION (P33,600.00), AS FIXED BY THE APPRAISAL COMMITTEE, TO BE SUBDIVIDED AND RESOLD, ON EASY INSTALLMENT PLAN, TO THE ACTUAL AND BONA FIDE TENANTS THEREAT.