2007 Res. No. 14 - APPROVING OPENING TRUST FUND ACCOUNT WITH DBP

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON
JANUARY 24, 2007 AT THE CITY HALL.

PRESENT:

Hon. Rolen C. Paulino- - - - - - - - - - - - - - -City Vice Mayor & Presiding Officer
Hon. Noel Y. Atienza- - - - - - - - - - - - - - - City Councilor
Hon. Cynthia G. Cajudo- - - - - - - - - - - - - - “ “
Hon. John Carlos G. delos Reyes- - - - - - - - “ “
Hon. Bella P. Asuncion - - - - - - - - - - - - - - “ “
Hon. Angelina B. Andrada - - - - - - - - - - - - “ “
Hon. Anselmo A. Aquino - - - - - - - - - - - - - “ “
Hon. Edwin J. Piano- - - - - - - - - - - - - - - - - “ “
Hon. Gina G. Perez - - - - - - - - - - - - - - - - - “ “
Hon. Carlito A. Baloy - - - - - - - - - - - - - - - President, Liga ng mga Barangay
Hon. Robine Rose C. Buenafe- - - - - - - - - - SK Federation President

ABSENT:

Hon. Marey Beth D. Marzan- - - - - - - - - - - City Councilor
Hon. Brian Patrick H. Gordon - - - - - - - - - - “ “ (On Leave)


RESOLUTION NO. 14
(Series of 2007)

A RESOLUTION APPROVING THE OPENING OF THE TRUST FUND ACCOUNT WITH THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP) SUBIC BAY BRANCH WITH ACCOUNT NAME “OLONGAPO CITY – ISF GRANT FUNDS (ISF-PIONEER LGU)” FOR ISF FINANCIAL ASSISTANCE TO THE CITY OF OLONGAPO ON THE IMPLEMENTATION OF LAND ADMINISTRATION AND MANAGEMENT PROJECT 2(LAMP2)

WHEREAS, the City Council passed Resolution No. 189, Series of 2006, endorsing the City’s application for a grant with Innovation Support Fund (ISF) under the Land Administration and Management Project Phase 2 (LAMP2) funded by the Australian Agency for International Development (AusAID) signifying the City’s commitment for partnership;

WHEREAS, the ISF under the Land Administration and Management Project is a development cooperation and partnership facility that is envisioned to support and guide local government unit (LGU) projects on Land Administration and Management (LAM);

WHEREAS, as part of the General Conditions of the Grant Agreement entered into by the City Government and the ISF Grant facility, the opening of a Trust Fund Bank Account with the Development Bank of the Philippines (DBP) is deemed necessary where the said fund coming from the ISF will be deposited;

WHEREAS, Mr. Fernando M. Magrata, Acting City Administrator, Mr. Marcelino D. Andawi, City Treasurer and Architect Tony-Kar M. Balde III, Project Leader are authorized to sign all documents pertaining to the opening of a Trust Fund Account with DBP;

NOW, THEREFORE, on motion of Councilor Edwin J. Piano, with the unanimous accord of the Members of the Sangguniang Panlungsod present,



Con’t.of Resolution No. 14, Series of 2007.

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RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungsod in session assembled to approved, as it hereby approves the opening of the Trust Fund Account with the Development Bank of the Philippines (DBP) Subic Bay Branch with account name “Olongapo City – ISF Grant Funds (ISF-Pioneer LGU)” for ISF financial assistance to the City of Olongapo on the implementation of Land Administration and Management Project 2 (LAMP2)

APPROVED UNANIMOUSLY, January 24, 2007.


ROLEN C. PAULINO
City Vice Mayor & Presiding Officer


NOEL Y. ATIENZA CYNTHIA G. CAJUDO
City Councilor City Councilor


JOHN CARLOS G. DELOS REYES BELLA P. ASUNCION
City Councilor City Councilor


MAREY BETH D. MARZAN ANGELINA B. ANDRADA
City Councilor City Councilor
(Absent)


BRIAN PATRICK H. GORDON ANSELMO A. AQUINO
City Councilor City Councilor
(On Leave)

EDWIN J. PIANO GINA G. PEREZ
City Councilor City Councilor


CARLITO A. BALOY ROBINE ROSE C. BUENAFE
President, Liga ng mga Barangay SK Federation President

ATTEST:

ELFLIDA S. SALMON
Council Secretary

APPROVED BY HIS HONOR, THE CITY MAYOR ON________ _____________.


JAMES GORDON, JR.
City Mayor
ATTEST:

DELFIN A. JUICO, JR.
Secretary to the City Mayor