2003 O - 96 - APPROVING THE PROPOSED COMPROMISE AGREEMENT ON THE PAYMENT OF DELINQUENT REAL PROPERTY TAXES AND AUTHORIZING THE CITY TREASURER

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON AUGUST 19,2003, AT THE CITY HALL

Hon. Cynthia G. Cajudo - - - - - City Vice-Mayor and Presiding Officer

Hon. Gregorio M. Elane - - - - - - - - - - City Councilor
Hon. Rolen C. Paulino - - - - - - - - - - -" "
Hon. Angelina B. Andrada - - - - - - - - "
Hon. Teodoro D. Del Rosario - - - - - -" "
Hon. Anselmo A. Aquino- - - - - - - - - " "
Hon. Gregorio A. Manglicmot - - - - - -" "
Hon. Edwin J. Piano- - - - - - - - - - - - -" "
Hon. Rexy Gregorio Cruz- - - - - - - - -" "
Hon. Noel Y. Atienza- - - - - - - - - - - -" "
Hon. Bella P. Asuncion- - - - - - - - - - -" "
Hon. Robine Rose C. Buenafe- - - - - - SK Federation President
Hon. Rexy Gregorio-Cruz - - - - - - - - City Councilor (On Official Travel Abroad)

Hon. Napoleon F. Capistrano - - - - - President, Liga ng mga Barangay (On Official Business)

In the interest of public service and on motion of Councilor Gregorio A. Manglicmot, with the unanimous accord of the Members of the Sangguniang Panlungsod present,

RESOLVED,AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungsod in session assembled, to enact the following Ordinance:

ORDINANCE NO. 96 (Series of 2003)

AN ORDINANCE APPROVING THE PROPOSED COMPROMISE AGREEMENT ON THE PAYMENT OF DELINQUENT REAL PROPERTY TAXES AND AUTHORIZING THE CITY TREASURER TO ENTER INTO AN AGREEMENT WITH DELINQUENT REAL PROPERTY TAXPAYERS

BE IT ORDAINED, BY THE SANGGUNIANGPANLUNGSOD IN SESSION ASSEMBLED, THAT:

SECTION 1. In order to maximize revenue generation on Real Property Taxes, the following scheme on the payment of Delinquent Real Property Taxes is hereby recommended:

a. That twenty five percent (25%) of the delinquent real property tax must be paid upon the signing of the compromise agreement and the balance to be paid on the following schedule:

c. That while the compromise agreement is in effect, the taxpayer shall also pay his current real property tax.

SECTION 2. That the City Treasurer IS authorized to enter into the said agreement.

SECTION 3. That copies of the Compromise Agreement shall be provided the City Assessor who shall annotate the same on the Tax Declarations.

SECTION 4. This Ordinance shall take effect during the implementation of remedial measures to collect taxes.

APPROVED UNANIMOUSLY, August 19, 2003.