AN ORDINANCE APPROPRIATING THE AMOUNT OF P476,488.00 TO BE MADE AVAILABLE FOR THE ACQUISITION BY THE CITY OF A PARCEL OF LAND, KNOWN AS LOT NO. 7-B, BLOCK NO. 2915, CONTAINING AN AREA OF ABOUT 6,806.4 SQUARE METERS, LOCATED AT BARRIO OBRERO, TONDO, OWNED BY MESSRS. PERFECTO MAÑALAC AND ARTURO MAÑALAC, TO BE UTILIZED AS THE SITE OF BARRIO OBRERO ELEMENTARY SCHOOL, AT THE PRICE OF P70.00 PER SQUARE METER AS RECOMMENDED BY THE APPRAISAL COMMITTEE.