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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

PREVIOUS ORDINANCES (1948-2022)

10th Sangguniang Panlungsod (30 July 2010 – 30 June 2013)

ORDINANCE NO. 2011-058

AN ORDINANCE MANDATING THE LEASE OF LOT 23, STALL NO.1, GROUND FLOOR, NAGA CITY PEOPLE’S MALL (FORMERLY OCCUPIED BY THE ALLIED BANKING CORP.) AND SETTING ITS GOODWILL AS WELL AS MONTHLY RENTAL RATE:

Category: Agriculture; Business Trade and Industry and Public Market
Principal Authors/Sponsors: Hon. Maria Elizabeth Q. Lavadia
Enacted: December 6, 2011

Download ordinance here

Summary/Additional Info:
Summary: This ordinance mandates the lease of Lot 23, Stall No. 1, on the ground floor of the Naga City People’s Mall (formerly occupied by Allied Banking Corp.). A bidding process will be conducted to ensure the city receives the most advantageous offer. The successful bidder must pay a goodwill of Php500,000.00 and a monthly rental rate no lower than Php75,000.00. Additionally, the successful bidder must adhere to all terms and conditions applicable to other commercial stall leaseholders in the Naga City People’s Mall. The ordinance became effective immediately upon its approval.

Related Resource:
Past officials of the City of Naga 1945-2022

Other Ordinances