ORDINANCE No. 6459

AN ORDINANCE APPROPRIATING THE AMOUNT OF P168,000,00 TO BE MADE AVAILABLE FOR THE ACQUISITION OF THE PROPERTY OF THE LATE GREGORIO LABRADOR, LOCATED AT BALTAZAR STREET, BETWEEN FRANCO AND YANGCO STREETS, TONDO, COVERED BY TRANSFER CERTIFICATES OF TITLE NO. 59874 AND 53253, CONTAINING AN AREA OF ABOUT 1,400 SQUARE METERS AT THE PRICE OF P120.00 PER SQUARE METER (316.20 SQUARE METERS NEEDED FOR THE OPENING OF BALTAZAR STREET AND THE REMAINING 1,083.80 SQUARE METERS TO BE SUBDIVIDED AND RESOLD AT COST TO THE ACTUAL AND BONA FIDE TENANTS THEREOF ON INSTALLMENT BASIS, PAYABLE IN 40 YEARS).