AN ORDINANCE AUTHORIZING THE EXCHANGE OF THE CITY LOT LOCATED AT ESCOLTA STREET WITH AN AREA OF 76.3 SQUARE METERS WITH THE LOT BELONGING TO MANUEL PELLICER & CO., INC. WITH AN AREA OF 122.8 SQUARE METERS, AFFECTED BY THE WIDENING OF NUEVA AND ESCOLTA STREETS ON THE BASIS OF 1-1/2 TO 1 METER, THE REMAINING AREA OF 71.934 SQUARE METERS TO BE PAID FOR BY THE CITY AT PHP,000.00 PER SQUARE METER AND APPROPRIATING FUNDS NEEDED THEREFOR.