2013 R - 143 - AUTHORIZING THE HONORABLE CITY MAYOR ROLEN C. PAULINO TO ENTER, EXECUTE AND SIGN A MEMORANDUM OF AGREEMENT WITH HOME MUTUAL DEVELOPMENT FUND (PAG-IBIG) REPRESENTED BY ITS DEPARTMENT MANAGER I, MS. BRENDA T. CAO, FOR THE IMPLEMENTATION OF R.A. 9679, OTHERWISE KNOWN AS, HOME DEVELOPMENT MUTUAL FUND ACT 2009 IN A MANNER CONSISTENT WITH LAW

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON NOVEMBER 06, 2013 AT THE CITY HALL.

PRESENT:

Hon. Rodel S. Cerezo - - City Vice-Mayor & Presiding Officer

Hon. Eyrma Yvette Marzan-Estrella-  City Councilor

Hon. Eduardo J. Piano-     “       “

Hon. Aquilino Y. Cortez, Jr. - “       “

Hon. Benjamin G. Cajudo II -  “       “

Hon. Elena C. Dabu -  “       “

Hon. Noel Y. Atienza -   “       “

Hon. Alreuela M. Bundang-Ortiz -“       “

Hon. Edna A. Elane -     “       “

Hon. Emerito Linus D. Bacay -    “       “

Hon. Carlito A. Baloy -  President, Liga ng mga Barangay

Hon. Dolly Mae M. Ramos- - SK City Federation President

ABSENT:

Hon. Eduardo G. Guerrero- -  City Councilor

RESOLUTION NO. 143

(Series of 2013)

A RESOLUTION AUTHORIZING THE HONORABLE CITY MAYOR ROLEN C. PAULINO TO ENTER, EXECUTE AND SIGN A MEMORANDUM OF AGREEMENT WITH HOME MUTUAL DEVELOPMENT FUND (PAG-IBIG) REPRESENTED BY ITS DEPARTMENT MANAGER I, MS. BRENDA T. CAO, FOR THE IMPLEMENTATION OF R.A. 9679, OTHERWISE KNOWN AS, HOME DEVELOPMENT MUTUAL FUND ACT 2009 IN A MANNER CONSISTENT WITH LAW

WHEREAS, as enunciated in R.A. 9679, it is the policy of the state to establish, develop, promote, and integrate a nationwide sound and viable tax-exempt mutual provident savings system suitable to the need of the employed and other earning groups, and to motivate them to better plan and provide for their housing needs, by membership in the Home Development Mutual Fund;

WHEREAS, by virtue of the said law, all employees covered by Social Security System (SSS) as well as Government Service Insurance System (GSIS), regardless of status, shall be required to be a compulsory member of a nationwide provident savings system;

WHEREAS, to achieve the objective of R.A. 9679 by providing sufficient shelter and provident savings system to its member employees, there is a need to set an agreement between the City Government of Olongapo and Home Development Mutual Fund by inking a Memorandum of Agreement that will serve as guidelines to its proper implementation;

NOW, THEREFORE, on motion of City Councilor Edna A. Elane, co-sponsored by City Councilor Elena C. Dabu, 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 authorize, as it hereby authorizes the Honorable City Mayor Rolen C. Paulino to enter, execute and sign a Memorandum of Agreement with Home Mutual Development Fund (PAG-IBIG) represented by its Department Manager I, Ms. Brenda T. Cao, for the implementation of R.A. 9679, otherwise known as, Home Development Mutual Fund Act 2009 in a manner consistent with law

APPROVED  UNANIMOUSLY, November 06, 2013