Resolution No. 151-2022

A RESOLUTION APPROVING THE ORDINANCE NO. 2-S.2022 OF THE SANGGUNIANG BAYAN OF CALAMBA, “AN ORDINANCE CORRECTING ORDINANCE NO. 11-S.2021 TO READ AS FOLLOWS: ‘AN ORDINANCE APPROVING, CONFIRMING AND RATIFYING ALL THE TERMS AND CONDITIONS OF THE NOTICE OF LOAN APPROVAL DATED AUGUST 18, 2021, LOAN AGREEMENT ASSIGNMENT AND OTHER SUPPORTING DOCUMENTS PERTAINING TO THE TERM LOAN 3/ CREDIT FACILITIES ENTERED INTO BY AND BETWEEN THE MUNICIPAL GOVERNMENT OF CALAMBA REPRESENTED BY MUNICIPAL MAYOR EZEL T. VILLANUEVA AND THE LAND BANK OF THE PHILIPPINES REPRESENTED BY ITS ZAMBOANGA DEL NORTE LENDING HEAD -ZENAIDA K. VALENCIA FOR THE ACQUISITION/PURCHASE OF ONE (1) UNIT BRAND NEW HEAVY EQUIPMENT PARTICULARLY BACKHOE IN THE AMOUNT OF TEN MILLION FIVE HUNDRED THOUSAND PESOS (P10,500,000.00) OR ACTUAL CONTRACT PRICE, WHICHEVER IS LOWER, AND TO SECURE THE SAME WITH ASSIGNMENT OF LOCAL REVENUE AND 20% OF NATIONAL TAX ALLOTMENT, SUBJECT TO ALL LAWS, RULES AND REGULATIONS'”

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