ORDINANCE No. 7485

AN ORDINANCE APPROPRIATING THE AMOUNT OF P1, 800.000.00 TO BE MADE AVAILABLE FOR THE ACQUISITION OF THE CITY OF PARCELS OF LAND OWNED BY ROLEVAL REALTY, INC., DESCRIBED AS BLOCK NO. 3 BOUNDED BY GOV. FORBES, LEALTAD, LEPANTO AND EXTREMADURA STREETS, AND BLOCK NO. 10 LOCATED AT NAGTAHAN STREET, TO BE RESOLD TO THE ACTUAL AND BONA FIDE RESIDENTS THEREAT, AT A PRICE PER SQUARE METER AS RECOMMENDED BY THE APPRAISAL COMMITTEE, ON INSTALLMENT BASIS FOR A PERIOD OF 40 YEARS.