ORDINANCE NO. 2021-041

AN ORDINANCE AUTHORIZING THE PROPOSED BORROWING OF THE CITY OF NAGA IN THE PRINCIPAL AMOUNT OF SEVEN HUNDRED MILLION PESOS ONLY (P700,000,000.00) TO FUND THE ROAD CONSTRUCTION OF MAGSAYSAY (NCSHS) TO BALATAS, URBAN REDEVELOPMENT PROJECT, CONSTRUCTION OF NEW NAGA CITY HOSPITAL WITH COMPLETE LABORATORY AND DIAGNOSTIC EQUIPMENT AND OTHER APPURTENANCES, LOTS ACQUISITION FOR SOCIALIZED HOUSING PROJECT AND FOR OTHER PRIORITY DEVELOPMENT PROJECTS