ORDINANCE No. 8113

AN ORDINANCE EXPROPRIATING THOSE PARCELS OF LAND AT DIAMANTE EXTENSION FROM ARELLANO ST., TO ROAD 16, STA. ANA, IN THE FIFTH DISTRICT OF MANILA, COVERED BY TRANSFER CERTIFICATES OF TITLE NOS. 199272, 86723 AND 186306 AND MEASURING ONE HUNDRED SEVENTY TWO SQUARE METERS AND TEN DECIMETERS (172.10 SQ. M.), MORE OR LESS, AND DECLARATION OF REAL PROPERTY VALUE-LAND WITH PIN 117-14-790-002- 047, MEASURING AN AREA OF FORTY SEVEN SQUARE METERS AND FIFTY EIGHT DECIMETERS (47.58 SQ.M.) AT TWO THOUSAND PESOS (PHP 2,000.00) PER SQUARE METER TOTALING NINETY FIVE THOUSAND ONE HUNDRED SIXTY PESOS (PHP 95,160.00) OR AN AGGREGATE TOTAL LAND AREA OF TWO HUNDRED NINETEEN SQUARE METERS AND SIXTY EIGHT DECIMETERS (219.68 SQ. M.), APPROPRIATING THE AMOUNT OF FOUR HUNDRED SEVENTY THREE THOUSAND SIX HUNDRED NINETY SIX PESOS (PHP 473, 690.00), MORE OR LESS, REPRESENTING THE FAIR MARKET VALUE OF THE ROAD LOT AND THE AMOUNT OF TWO HUNDRED THIRTY SEVEN THOUSAND SEVEN HUNDRED NINETY EIGHT PESOS AND FORTY CENTAVOS (PHP 237,798.40) REPRESENTING THE ADJUSTED MARKET VALUE OF THE IMPROVEMENTS THEREON, AS DETERMINED BY A PRELIMINARY APPRAISAL REPORT SUBMITTED BY THE CITY DEPARTMENT OF ASSESSMENT ON 03 FEBRUARY 2006, THAT MAY BE AFFECTED BY THE IMPLEMENTATION OF THIS ORDINANCE.