Resolution No. 300-18

A RESOLUTION APPROVING THE MUNICIPAL ORDINANCE NO. 1-2018 OF THE SANGGUNIANG BAY AN OF PLARIDEL, “AN ORDINANCE APPROVING, CONFIRMING AND RATIFYING ALL THE TERMS AND CONDITIONS OF THE LOAN INDICATED IN THE NOTICE OF LOAN APPROVAL DATED OCTOBER 26, 2017, LOAN AGREEMENT, ASSIGNMENT, AND OTHER SUPPORTING DOCUMENTS PERTAINING TO THE TERM LOAN 2/CREDIT FACILITY ENTERED INTO BY AND BETWEEN THE MUNICIPAL GOVERNMENT OF PLARIDEL REPRESENTED BY THE MUNICIPAL MAYOR DIEGO C. TY AND THE LAND BANK OF THE PHILIPPINES REPRESENTED BY ITS HEAD, ZAMBOANGA DEL NORTE LENDING CENTER, VINIC IUS S. HAMOY IN THE TOTAL AMOUNT OF TWENTY FIVE MILLION PESOS ONLY (P25.00 MILLION) AS COMPONENT OF INFRASTRUCTURE PROJECTS OF LGU PLARIDEL AND TO SECURE THE SAME WITH ASSIGNMENT OF 20% INTERNAL REVENUE ALLOTMENT AND OTHER LOCAL REVENUES, SUBJECT TO ALL LAWS, RULES AND REGULATIONS. THE LOAN SHALL BE UTILIZED TO FINANCE THE EXPANSION OF MOTOR POOL THROUGH THE ACQUISITION OF THREE UNITS BRAND NEW HEAVY EQUIPMENT FOR THE IMPLEMENTATION OF THE DIFFERENT INFRASTRUCTURE PROJECTS OF THE MUNICIPALITY AND ACQUISITION OF TWO (2) UNITS EMERGENCY/ DISASTER RESPONSE VEHICLE”

Share This Post: