ORDINANCE No. 6994

AN ORDINANCE APPROPRIATING THE AMOUNT OF P168,000.00 TO BE MADE AVAILABLE FOR THE ACQUISITION BY THE CITY OF THE PROPERTY OF THE LATE GREGORIO LABRADOR, CONTAINING AN AREA OF ABOUT 1,400 SQUARE METERS, LOCATED AT BALTAZAR STREET, BETWEEN FRANCO AND YANGCO STREETS, 316.20 SQUARE METERS THEREOF TO BE UTILIZED 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 THEREAT, AT THE PRICE OF P120.00 PER SQUARE METER, AS RECOMMEDED BY THE APPRAISAL COMMITTEE.