ORDINANCE NO. 2019-049

AN ORDINANCE EXERCISING THE POWER OF EMINENT DOMAIN OVER THE SIX (6) PARCELS OF LAND ALL LOCATED AT BARANGAY BALATAS, NAGA CITY, COVERED UNDER TRANSFER CERTIFICATE OF TILE NOS. 142, 91 AND 92 WITH A TOTAL LAND AREA OF 5,416 SQUARE METERS REGISTERED IN THE NAME OF JESUS SAN JOAQUIN, TRANSFER CERTIFICATE OF TITLE NOS. 128 AND 90 WITH A TOTAL LAND AREA OF 9,426 SQUARE METERS REGISTERED IN THE NAME OF BASILIO ROBLAS, AND TRANSFER CERTIFICATE OF TITLE NO. 135 MEASURING 4,568 SQUARE METERS REGISTERED IN THE NAME OF PEDRO LIZANO FOR THE PURPOSE OF UTILIZING THE SAME AS SOCIALIZED HOUSING UNDER THE CITY’S HOUSING PROGRAM FOR THE UNDERPRIVILEGED, AUTHORIZING THE CITY MAYOR TO FILE IN COURT THE NECESSARY COMPLAINT FOR EXPROPRIATION THEREOF PROVIDED THAT ANY COMPROMISE AGREEMENT THAT MAY BE ENTERED THEREIN SHALL BE WITH PRIOR APPROVAL OF THE SANGGUNIANG PANLUNGSOD, AND FOR THE PURPOSE APPROPRIATING THE AMOUNT EQUIVALENT TO THE FAIR MARKET VALUE OF THE SUBJECT PROPERTY BASED ON THEIR CURRENT MARKET VALUE OF THE SUBJECT PROPERTY BASED ON THEIR CURRENT TAX DECLARATION, AND AUTHORIZING THE RELEASE OF THE AMOUNT EQUIVALENT TO 15% OF SUCH FAIR MARKET VALUE TO BE DEPOSITED TO THE COURT FOR THE IMMEDIATE POSSESSION OF THE SUBJECT PROPERTIES BY THE CITY GOVERNMENT