2014 R - 02 - AUTHORIZING THE HON. CITY MAYOR ROLEN C. PAULINO TO ENTER, EXECUTE AND SIGN THE WAIVER OF CONFIDENTIALITY ON THE CITY’S INVESTMENTS, DEPOSITS, LOANS, OR OTHER TRANSACTIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS IN FAVOR OF BANGKO SENTRAL NG PILIPINAS (BSP) IN COMPLIANCE WITH CIRCULAR NO. 769, SERIES OF 2012

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, 

HELD ON JANUARY 03, 2014 

AT THE CITY HALL.

PRESENT:

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

Hon. Eduardo J. Piano-  City Councilor

Hon. Eduardo G. Guerrero- -  “     “

Hon. Benjamin G. Cajudo II -  “    “

Hon. Elena C. Dabu -  “    “

Hon. Alreuela M. Bundang-Ortiz -   “    “

Hon. Edna A. Elane-  “    “

Hon. Emerito Linus D. Bacay -  “    “

ABSENT:

Hon. Eyrma Yvette Marzan-Estrella- -- City Councilor

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

Hon. Noel Y. Atienza -   “     “   (Sick Leave)

                                                                       

RESOLUTION NO. 02

(Series of 2014)

A RESOLUTION AUTHORIZING THE HON. CITY MAYOR ROLEN C. PAULINO TO ENTER, EXECUTE AND SIGN THE WAIVER OF CONFIDENTIALITY ON THE CITY’S INVESTMENTS, DEPOSITS, LOANS, OR OTHER TRANSACTIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS IN FAVOR OF BANGKO SENTRAL NG PILIPINAS (BSP) IN COMPLIANCE WITH CIRCULAR NO. 769, SERIES OF 2012

WHEREAS, as per Bangko Sentral ng Pilipinas, the city securing a loan has to execute a waiver-letter which authorizes the examination of its account under the legally outlined and legitimately enforced official orders or directives in compliance with BSP Circular No. 769, series of 2012;

WHEREAS, the city is duty bound to comply with the said Bangko Sentral ng Pilipinas requirement which is reflective of the tenets of accountability and transparency, which the city advocates, in relation to the loan agreement for the Sanitary Landfill Program with the Development Bank of the Philippines in the amount of Php238,806,000.00;

NOW, THEREFORE, on motion of City Councilor Eduardo J. Piano, 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 Hon. City Mayor Rolen C. Paulino to Enter, Execute and Sign the waiver of Confidentiality on the City’s Investments, Deposits, Loans, or Other Transactions with Banks and Other Financial Institutions in Favor of the Bangko Sentral ng Pilipinas (BSP) in Compliance with Circular No. 769, Series of 2012

APPROVED UNANIMOUSLY,  January 03, 2014 

2014 R - 01 - ADOPTING REPUBLIC ACT NO. 10606 “AN ACT AMENDING R.A 7875 OTHERWISE KNOWN AS THE “NATIONAL HEALTH INSURANCE ACT OF 1995”, AS AMENDED, AND FOR OTHER PURPOSES” AND ENJOINING ALL CONCERNED ESTABLISHMENTS AND OFFICES ON ITS IMPLEMENTATION

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, 
HELD ON JANUARY 03, 2014 
AT THE CITY HALL.

PRESENT:

Hon. Rodel S. Cerezo - - - City Vice-Mayor & Presiding Officer
Hon. Eduardo J. Piano- - - - City Councilor

Hon. Eduardo G. Guerrero-    “     “

Hon. Benjamin G. Cajudo II - - -   “     “
Hon. Elena C. Dabu - -- -    “     “

Hon. Alreuela M. Bundang-Ortiz - “     “
Hon. Edna A. Elane-   “    “
Hon. Emerito Linus D. Bacay - - “     “

ABSENT:

Hon. Eyrma Yvette Marzan-Estrella- - City Councilor
Hon. Aquilino Y. Cortez, Jr. - -  “       “
Hon. Noel Y. Atienza - - -   “   “   (Sick Leave)

                                                                       

RESOLUTION NO. 01

(Series of 2014)

A RESOLUTION ADOPTING REPUBLIC ACT NO. 10606 “AN ACT AMENDING R.A 7875 OTHERWISE KNOWN AS THE “NATIONAL HEALTH INSURANCE ACT OF 1995”, AS AMENDED, AND FOR OTHER PURPOSES” AND ENJOINING ALL CONCERNED ESTABLISHMENTS AND OFFICES ON ITS IMPLEMENTATION

            WHEREAS, Section 15, Article II of the 1987 Philippine Constitution declares that the State shall protect and promote the right to health of the people and instill health consciousness among them.

WHEREAS, Section 11, Article XIII of the 1987 Philippine Constitution declares that the state shall adopt an integrated and comprehensive approach to health development which shall endeavor to make essential goods, health and other services available to all people at affordable cost.  Priority for the need of the underprivileged sick, elderly, disabled, women and children shall be recognized.  Likewise, it shall be the policy of the state to provide free medical care to paupers.

WHEREAS, Republic Act 7875, also known as the National Health Insurance Act of the Philippines instituting a National Health Insurance Program for all Filipinos and establishing the Philippine Health Insurance Corporation for the purpose.

WHEREAS, Republic Act 10606, which is a consolidation of Senate Bill 2849 and House Bill 6048, was finally passed by the Senate and House of Representatives on February 4, 2013.

WHEREAS, the law mandates the State to provide comprehensive health care services to all Filipinos through a socialized health insurance program that will prioritize the health care needs of the underprivileged, sick, elderly, persons with disabilities (PWDs), women and children and provide free health care services to indigents.

WHEREAS, the new law provides that all citizens of the Philippines shall be covered by the National Health Insurance Program (NHIP). The program shall ensure sustainability of coverage and continuous enhancement of the quality of services to people.  The program shall be compulsory in all provinces, cities and municipalities nationwide, notwithstanding the existence of local government unit-based health insurance programs.

WHEREAS, the Olongapo City legislative body as it recognizes the beneficent features of RA 7875 to greatly improve the health status and quality of life of each sector the community , further strengthen its support to adopt the National Health Insurance Program (NHIP) implementation;

NOW, THEREFORE, on motion of City Councilor Benjamin G. Cajudo II, co-sponsored by City Councilor Eduardo G. Guerrero, with the unanimous accord of the Members of the Sangguniang Panlungsod present,

RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungsod in the session assembled, to adopt, as it hereby adopts Republic Act Number 10606 An Act Amending Republic Act 7875 Otherwise Known as the National Health Insurance Act of 1995 as amended and for other purposes and enjoining all concerned establishments and offices on its implementation

APPROVED UNANIMOUSLY,  January 03, 2014 

2014 - O - 01 AN ORDINANCE AMENDING ORDINANCE NO. 12, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 04, SERIES OF 2008 OTHERWISE KNOWN AS THE “THE COCKFIGHTING ORDINANCE OF OLONGAPO CITY” AND ORDINANCE NO. 04, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 101 AND ORDINANCE NO. 106, BOTH SERIES OF 1978 PROVIDING FOR THE ESTABLISHMENT , OPERATION AND MAINTENANCE OF COCKFIGHTING AND THE REGULATION OF COCKFIGHTING AND COMMERCIAL BREEDING OF GAMECOCKS

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON

JANUARY 03, 2014 AT THE CITY HALL.

PRESENT:

           

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

Hon. Eduardo J. Piano- - - - - - - - - - - - - City Councilor

           Hon. Eduardo G. Guerrero- - - - - - - - - - -      “       “

            Hon. Benjamin G. Cajudo II - - - - - - - - -        “       “

Hon. Elena C. Dabu - - - - - - - - - - - - - - -       “       “

            Hon. Alreuela M. Bundang-Ortiz - - - - - - -      “       “

Hon. Edna A. Elane-  - - - - - - - - - - - - - - -      “       “

Hon. Emerito Linus D. Bacay - - - - - - - - -       “       “

ABSENT:

Hon. Eyrma Yvette Marzan-Estrella- - - - City Councilor

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

Hon. Noel Y. Atienza - - - - - - - - - - - - - -       “       “   (Sick Leave)

            WHEREAS, on March 17, 2008, the Office of the Sangguniang Panlungsod has passed Ordinance No. 12, Series of 2008 entitled “An Ordinance Amending Ordinance No. 04, Series of 2008 otherwise known as the “The Cockfighting Ordinance of Olongapo City” specifically Subsection 5a of Section 5 - Imposition of Fees and Subsection 9.2. of Section 9- Administrative Provisions”

WHEREAS, on February 6, 2008, the Office of the Sangguniang Panlungsod also passed Ordinance No. 04, Series of 2008 entitled “An Ordinance Amending Ordinance No. 101 and Ordinance No. 106, Both Series of 1978 Providing for the Establishment, Operation and Maintenance of Cockfighting and the Regulation of Cockfighting and Commercial Breeding of Gamecocks” otherwise known as “The Cockfighting Ordinance of Olongapo City”;

WHEREAS, cockfighting has been a popular, traditional and customary form of recreation and entertainment among Filipinos during legal holidays, local fiestas, agricultural, commercial and industrial fairs and still one of the major tourist attractions in the Philippines;

WHEREAS, in the aforesaid Ordinance, the city imposes, aside from the usual annual license fee, a Franchising Fee in the hefty amount of P600,000.00, P1,500,000.00 and P2,500,000.00 for one(1) year, three (3) years and five (5) years, respectively;

            WHEREAS, no franchise had ever been granted to possible applicants for the operation of a Cockpit due to the prohibitive franchising fee being imposed by the city, hence, the presence of illegal cockfighting in the city;

            WHEREAS, in other cities and municipalities, no franchise fee had ever been imposed in the operation of a cockpit.

NOW THEREFORE, on motion of  City Councilor  Alreuela M. Bundang-Ortiz, 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. 01

(Series of 2014

AN ORDINANCE AMENDING ORDINANCE NO. 12, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 04, SERIES OF 2008 OTHERWISE KNOWN AS THE “THE COCKFIGHTING ORDINANCE OF OLONGAPO CITY” AND ORDINANCE NO. 04, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 101 AND ORDINANCE NO. 106, BOTH SERIES OF 1978 PROVIDING FOR THE ESTABLISHMENT , OPERATION AND  MAINTENANCE OF COCKFIGHTING AND THE REGULATION OF COCKFIGHTING AND COMMERCIAL BREEDING

 OF GAMECOCKS

BE IT ORDAINED, BY THE SANGGUNIANG PANLUNGSOD IN SESSION ASSEMBLED, THAT:

SECTION 1. Subsection 5a of Ordinance No. 12,  Series of 2008 shall be amended as follows:

5a.  FRANCHISING FEE

            For ten (10) years----------------------------P1,500,000.00

                        Payable in the amount of P100,000.00 a year for five years and P200,000.00

a year for the next succeeding years

                                                                            

SECTION 2. Subsection 9.2 of Ordinance No. 12, Series of 2008 shall be amended as follows:

9.2. The site of construction of cockpits shall be constructed and operated within the appropriate areas as prescribed in the City Zoning Ordinance. The cockpit shall be established, maintained and/or operated within reasonable distance from hospitals, school buildings, churches or other public buildings or properties, existing commercial and residential areas and a radius of ten (10) meters from its entry point from the National Highway. Cockpits may also be established within and/or as an adjunct of resorts, sports and/o recreational project sites duly recognized and registered with the Philippine Tourism Authority, subject to the construction of cockpits shall be made by the City Engineering in accordance with the National Building Code and other applicable laws.

SECTION 3. Subsection 9.3 of Ordinance No. 4, Series of 2008 shall be amended as follows:

9.3. Licensing of Cockpits – Upon prior application made, the Sangguniang Panlungsod is duly authorized to issue a license for the establishment, operation and maintenance of cockpits for a period of ten (10) years.

SECTION 3. Repealing clause. Ordinances, Executive Orders and other local legislation inconsistent with this Ordinance are hereby modified or repealed accordingly.

SECTION 4. This Ordinance shall take effect after its posting at three (3) conspicuous places in the City of Olongapo.

APPROVED UNANIMOUSLY,  January 03, 2014

                                              RODEL S. CEREZO 

City Vice-Mayor & Presiding Officer

  EYRMA YVETTE MARZAN- ESTRELLA                       EDUARDO J. PIANO

                      City Councilor                                                       City Councilor

                        (absent)

                                                                                                                   

       AQUILINO Y. CORTEZ, JR.                                       EDUARDO G. GUERRERO                 

                     City Councilor                                                                          City Councilor

                        (absent)           

                                                           

   

            BENJAMIN G. CAJUDO II                                              ELENA C. DABU

                       City Councilor                                                         City Councilor                 

                                                                                              

              NOEL Y. ATIENZA                                   ALREUELA M. BUNDANG-ORTIZ                      

                   City Councilor                                                               City Councilor

                      (sick leave)

                                                   

                                                                                         

                    EDNA A. ELANE                                           EMERITO LINUS D. BACAY

                        City Councilor                                                      City Councilor       

ATTEST:

                ATTY.  BERNARDINE S. GANTAN

                                Council Secretary

APPROVED BY HIS HONOR, THE CITY MAYOR ON______________________.

                                                                                    ROLEN C. PAULINO

                                                                                                 City Mayor

ATTEST:

                   SHEILA R. PADILLA

                  Secretary to the City Mayor

2014 O - 01 AN ORDINANCE AMENDING ORDINANCE NO. 12, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 04, SERIES OF 2008 OTHERWISE KNOWN AS THE “THE COCKFIGHTING ORDINANCE OF OLONGAPO CITY” AND ORDINANCE NO. 04, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 101 AND ORDINANCE NO. 106, BOTH SERIES OF 1978 PROVIDING FOR THE ESTABLISHMENT , OPERATION AND MAINTENANCE OF COCKFIGHTING AND THE REGULATION OF COCKFIGHTING AND COMMERCIAL BREEDING OF GAMECOCKS

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON

JANUARY 03, 2014 AT THE CITY HALL.

PRESENT:

           

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

Hon. Eduardo J. Piano- - - - - - - - - - - - - City Councilor

           Hon. Eduardo G. Guerrero- - - - - - - - - - -      “       “

            Hon. Benjamin G. Cajudo II - - - - - - - - -        “       “

Hon. Elena C. Dabu - - - - - - - - - - - - - - -       “       “

            Hon. Alreuela M. Bundang-Ortiz - - - - - - -      “       “

Hon. Edna A. Elane-  - - - - - - - - - - - - - - -      “       “

Hon. Emerito Linus D. Bacay - - - - - - - - -       “       “

ABSENT:

Hon. Eyrma Yvette Marzan-Estrella- - - - City Councilor

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

Hon. Noel Y. Atienza - - - - - - - - - - - - - -       “       “   (Sick Leave)

            WHEREAS, on March 17, 2008, the Office of the Sangguniang Panlungsod has passed Ordinance No. 12, Series of 2008 entitled “An Ordinance Amending Ordinance No. 04, Series of 2008 otherwise known as the “The Cockfighting Ordinance of Olongapo City” specifically Subsection 5a of Section 5 - Imposition of Fees and Subsection 9.2. of Section 9- Administrative Provisions”

WHEREAS, on February 6, 2008, the Office of the Sangguniang Panlungsod also passed Ordinance No. 04, Series of 2008 entitled “An Ordinance Amending Ordinance No. 101 and Ordinance No. 106, Both Series of 1978 Providing for the Establishment, Operation and Maintenance of Cockfighting and the Regulation of Cockfighting and Commercial Breeding of Gamecocks” otherwise known as “The Cockfighting Ordinance of Olongapo City”;

WHEREAS, cockfighting has been a popular, traditional and customary form of recreation and entertainment among Filipinos during legal holidays, local fiestas, agricultural, commercial and industrial fairs and still one of the major tourist attractions in the Philippines;

WHEREAS, in the aforesaid Ordinance, the city imposes, aside from the usual annual license fee, a Franchising Fee in the hefty amount of P600,000.00, P1,500,000.00 and P2,500,000.00 for one(1) year, three (3) years and five (5) years, respectively;

            WHEREAS, no franchise had ever been granted to possible applicants for the operation of a Cockpit due to the prohibitive franchising fee being imposed by the city, hence, the presence of illegal cockfighting in the city;

            WHEREAS, in other cities and municipalities, no franchise fee had ever been imposed in the operation of a cockpit.

NOW THEREFORE, on motion of  City Councilor  Alreuela M. Bundang-Ortiz, 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. 01

(Series of 2014

AN ORDINANCE AMENDING ORDINANCE NO. 12, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 04, SERIES OF 2008 OTHERWISE KNOWN AS THE “THE COCKFIGHTING ORDINANCE OF OLONGAPO CITY” AND ORDINANCE NO. 04, SERIES OF 2008 ENTITLED “AN ORDINANCE AMENDING ORDINANCE NO. 101 AND ORDINANCE NO. 106, BOTH SERIES OF 1978 PROVIDING FOR THE ESTABLISHMENT , OPERATION AND  MAINTENANCE OF COCKFIGHTING AND THE REGULATION OF COCKFIGHTING AND COMMERCIAL BREEDING

 OF GAMECOCKS

BE IT ORDAINED, BY THE SANGGUNIANG PANLUNGSOD IN SESSION ASSEMBLED, THAT:

SECTION 1. Subsection 5a of Ordinance No. 12,  Series of 2008 shall be amended as follows:

5a.  FRANCHISING FEE

            For ten (10) years----------------------------P1,500,000.00

                        Payable in the amount of P100,000.00 a year for five years and P200,000.00

a year for the next succeeding years

                                                                            

SECTION 2. Subsection 9.2 of Ordinance No. 12, Series of 2008 shall be amended as follows:

9.2. The site of construction of cockpits shall be constructed and operated within the appropriate areas as prescribed in the City Zoning Ordinance. The cockpit shall be established, maintained and/or operated within reasonable distance from hospitals, school buildings, churches or other public buildings or properties, existing commercial and residential areas and a radius of ten (10) meters from its entry point from the National Highway. Cockpits may also be established within and/or as an adjunct of resorts, sports and/o recreational project sites duly recognized and registered with the Philippine Tourism Authority, subject to the construction of cockpits shall be made by the City Engineering in accordance with the National Building Code and other applicable laws.

SECTION 3. Subsection 9.3 of Ordinance No. 4, Series of 2008 shall be amended as follows:

9.3. Licensing of Cockpits – Upon prior application made, the Sangguniang Panlungsod is duly authorized to issue a license for the establishment, operation and maintenance of cockpits for a period of ten (10) years.

SECTION 3. Repealing clause. Ordinances, Executive Orders and other local legislation inconsistent with this Ordinance are hereby modified or repealed accordingly.

SECTION 4. This Ordinance shall take effect after its posting at three (3) conspicuous places in the City of Olongapo.

APPROVED UNANIMOUSLY,  January 03, 2014

                                              RODEL S. CEREZO 

City Vice-Mayor & Presiding Officer

  EYRMA YVETTE MARZAN- ESTRELLA                       EDUARDO J. PIANO

                      City Councilor                                                       City Councilor

                        (absent)

                                                                                                                   

       AQUILINO Y. CORTEZ, JR.                                      EDUARDO G. GUERRERO                 

                     City Councilor                                                                          City Councilor

                        (absent)           

                                                           

   

            BENJAMIN G. CAJUDO II                                              ELENA C. DABU

                       City Councilor                                                         City Councilor                 

                                                                                              

              NOEL Y. ATIENZA                                   ALREUELA M. BUNDANG-ORTIZ                      

                   City Councilor                                                               City Councilor

                      (sick leave)

                                                   

                                                                                         

                    EDNA A. ELANE                                           EMERITO LINUS D. BACAY

                        City Councilor                                                      City Councilor       

ATTEST:

                ATTY.  BERNARDINE S. GANTAN

                                Council Secretary

APPROVED BY HIS HONOR, THE CITY MAYOR ON______________________.

                                                                                    ROLEN C. PAULINO

                                                                                                 City Mayor

ATTEST:

                   SHEILA R. PADILLA

                  Secretary to the City Mayor

2014 - R- 02 A RESOLUTION AUTHORIZING THE HON. CITY MAYOR ROLEN C. PAULINO TO ENTER, EXECUTE AND SIGN THE WAIVER OF CONFIDENTIALITY ON THE CITY’S INVESTMENTS, DEPOSITS, LOANS, OR OTHER TRANSACTIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS IN FAVOR OF BANGKO SENTRAL NG PILIPINAS (BSP) IN COMPLIANCE WITH CIRCULAR NO. 769, SERIES OF 2012

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON

JANUARY 03, 2014 AT THE CITY HALL.

PRESENT:

           

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

Hon. Eduardo J. Piano- - - - - - - - - - - - - City Councilor

           Hon. Eduardo G. Guerrero- - - - - - - - - - -      “       “

            Hon. Benjamin G. Cajudo II - - - - - - - - -        “       “

Hon. Elena C. Dabu - - - - - - - - - - - - - - -       “       “

            Hon. Alreuela M. Bundang-Ortiz - - - - - - -      “       “

Hon. Edna A. Elane-  - - - - - - - - - - - - - - -      “       “

Hon. Emerito Linus D. Bacay - - - - - - - - -       “       “

ABSENT:

Hon. Eyrma Yvette Marzan-Estrella- - - - City Councilor

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

Hon. Noel Y. Atienza - - - - - - - - - - - - - -       “       “   (Sick Leave)

                                                                       

RESOLUTION NO. 02

(Series of 2014)

A RESOLUTION AUTHORIZING THE HON. CITY MAYOR ROLEN C. PAULINO TO ENTER, EXECUTE AND SIGN THE WAIVER OF CONFIDENTIALITY ON THE CITY’S INVESTMENTS, DEPOSITS, LOANS, OR OTHER TRANSACTIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS IN FAVOR OF BANGKO SENTRAL NG PILIPINAS (BSP) IN COMPLIANCE WITH CIRCULAR NO. 769, SERIES OF 2012

WHEREAS, as per Bangko Sentral ng Pilipinas, the city securing a loan has to execute a waiver-letter which authorizes the examination of its account under the legally outlined and legitimately enforced official orders or directives in compliance with BSP Circular No. 769, series of 2012;

WHEREAS, the city is duty bound to comply with the said Bangko Sentral ng Pilipinas requirement which is reflective of the tenets of accountability and transparency, which the city advocates, in relation to the loan agreement for the Sanitary Landfill Program with the Development Bank of the Philippines in the amount of Php238,806,000.00;

NOW, THEREFORE, on motion of City Councilor Eduardo J. Piano, 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 Hon. City Mayor Rolen C. Paulino to Enter, Execute and Sign the waiver of Confidentiality on the City’s Investments, Deposits, Loans, or Other Transactions with Banks and Other Financial Institutions in Favor of the Bangko Sentral ng Pilipinas (BSP) in Compliance with Circular No. 769, Series of 2012

APPROVED UNANIMOUSLY,  January 03, 2014

Con’t. of Resolution No. 02, Series of 2014.

-2-

                                              RODEL S. CEREZO 

City Vice-Mayor & Presiding Officer

  EYRMA YVETTE MARZAN- ESTRELLA                       EDUARDO J. PIANO

                      City Councilor                                                       City Councilor

                        (absent)

                                                                                                                   

       AQUILINO Y. CORTEZ, JR.                                         EDUARDO G. GUERRERO                 

                     City Councilor                                                                           City Councilor

                        (absent)

                                                           

   

            BENJAMIN G. CAJUDO II                                              ELENA C. DABU

                       City Councilor                                                          City Councilor                     

                                                                                              

              NOEL Y. ATIENZA                                     ALREUELA M. BUNDANG-ORTIZ                          

                   City Councilor                                                                City Councilor

                      (sick leave)

                                                   

                                                                                         

                    EDNA A. ELANE                                           EMERITO LINUS D. BACAY

                        City Councilor                                                       City Councilor           

ATTEST:

                ATTY.  BERNARDINE S. GANTAN

                                Council Secretary

APPROVED BY HIS HONOR, THE CITY MAYOR ON______________________.

                                                                                    ROLEN C. PAULINO

                                                                                                 City Mayor

ATTEST:

                   SHEILA R. PADILLA

                  Secretary to the City Mayor