2008 R - 127 - ADOPTING THE CITY’S DEVELOPMENT PROGRAMS INDICATED IN THE COMMUNICATION LETTER DATED 25 JUNE 2008 OF THE CITY MAYOR

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON AUGUST 13, 2008 AT THE CITY HALL.

PRESENT:

Hon. Cynthia G. Cajudo - - - - - - - - - - City Vice-Mayor & Presiding Officer
Hon. Gina Gulanes-Perez - - - - - - - - - - - - City Councilor
Hon. John Carlos G. Delos Reyes- - - - - - - - - - - - “ “
Hon. Rodel S. Cerezo- - - - - - - - - - - - - - - - - - - - “ “
Hon. Sarah Lugerna Lipumano-Garcia - - - - - - - - “ “
Hon. Edwin J. Piano- - - - - - - - - - - - - - - - - - - - - “ “
Hon. Angelito W. Baloy- - - - - - - - - - - - - - - - - - “ “
Hon. Aquilino Y. Cortez, Jr. - - - - - - - - - - - - - - - “ “
Hon. Anselmo A. Aquino - - - - - - - - - - - - - - - - - “ “
Hon. Elena C. Dabu- - - - - - - - - - - - - - - - - - - - - “ “
Hon. Jonathan G. Manalo - - - - - - - - - - - - - - - - - “ “
Hon. Cheenee F. Hoya - - - - - - - - - - - - - - - - - - - SK Federation President

ABSENT:

Hon. Carlito A. Baloy- - - - - - - - - - - - - - - - - - - - President, Liga ng mga Barangay
(On Official Business)

RESOLUTION NO. 127
(Series of 2008)

A RESOLUTION ADOPTING THE CITY’S DEVELOPMENT PROGRAMS INDICATED IN THE COMMUNICATION LETTER DATED 25 JUNE 2008 OF THE CITY MAYOR TO MS. SEVERA MINDA RUCKENBROD OF THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP), SUBIC BAY BRANCH AND DECLARING AS ATTACHMENT TO RESOLUTION NO. 98, SERIES OF 2008

WHEREAS, the City Council approved Resolution No. 98, Series of 2008, authorizing the City Mayor to enter into a seven-year term loan with the DBP;

WHEREAS, as per letter dated 25 June 2008 of the City Mayor to Ms. Severa Minda Ruckenbrod, Acting Branch Head of DBP, proceeds of the loan will be distributed to the following city’s development programs and projects:

Mandatory Requirements:

20% Development Fund PhP 4,993,828.00
5% Calamity Fund 1,248,457.00

10% Increase over basic

Monthly salary effective July 1 PhP11,035,356.00

Community Based Monitoring System PhP 1,500,000.00

Computerization Project (Phase II) PhP 5,941,499.00

Repair of L-300 Van (City Council) PhP 250,000.00

TOTAL: PhP24,969,140.00

NOW, THEREFORE, on motion of Councilor Jonathan G. Manalo, 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 adopt, as it hereby adopts the City’s Development Programs indicated in the communication letter dated 25 June 2008 of the City Mayor to Ms. Severa Minda Ruckenbrod of the Development Bank of the Philippines (DBP), Subic Bay Branch and Declaring as attachment to Resolution No. 98, Series of 2008.

APPROVED UNANIMOUSLY, August 13, 2008.


CYNTHIA G. CAJUDO
City Vice-Mayor & Presiding Officer


GINA GULANES-PEREZ JOHN CARLOS G. DELOS REYES
City Councilor City Councilor


RODEL S. CEREZO SARAH LUGERNA LIPUMANO-GARCIA
City Councilor City Councilor

EDWIN J. PIANO ANGELITO W. BALOY
City Councilor City Councilor

AQUILINO Y. CORTEZ, JR ANSELMO A. AQUINO
City Councilor City Councilor


ELENA C. DABU JONATHAN G. MANALO
City Councilor City Councilor


CARLITO A. BALOY CHEENEE F. HOYA
President, Liga ng mga Barangay SK Federation President
(On Official Business)

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