ORDINANCE No. 8196

AN ORDINANCE AUTHORIZING HIS HONOR, THE MAYOR, TO ACQUIRE EITHER BY PURCHASE OR EXPROPRIATION OR BY ANY OTHER LEGAL MEANS, THOSE CERTAIN PARCELS OF LAND, OWNED BY CARLOS, CONRADO, CHRISTOPHER AND CATHERINE, ALL SURNAMED DEL ROSARIO YABUT, SITUATED AT GUANZON STREET, PACO, DISTRICT VI, MANILA, AND COVERED BY TRANSFER CERTIFICATES OF TITLE (TCT) NOS. 167906 AND 167907 AND CONSISTING AN AREA OF THREE THOUSAND ONE HUNDRED THREE SQUARE METERS AND THIRTY DECIMETERS (3,103.30 SQ. M.), MORE OR LESS, FOR RE-SALE AT COST AND/OR INSTALLMENT BASIS NOT EXCEEDING TWENTY (20) YEARS TO THE MEMBER- BENEFICIARIES OF THE SAMAHANG MAGKAKAPIT-BAHAY SA OTIS, INC., APPROPRIATING THE AMOUNT NECESSARY THEREFOR.