AN ORDINANCE APPROVING THE REALIGNMENT OF THE AMOUNT OF ONE BILLION THREE HUNDRED FORTY EIGHT MILLION PESOS (P1,348,000,000.00) FROM LANDBANK OF THE PHILIPPINES (LBP) TERM LOAN NO. 31 - PERMANENT WORKING CAPITAL FOR COVID-19 EMERGENCY RESPONSE ACTIVITIES TO TERM LOAN NO. 30 - CONSTRUCTION OF MANDALUYONG COLOSSEUM AND CIVIC COMPLEX TO AUGMENT THE FUNDS FOR PHASE 2 OF THE SAME PROJECT, AUTHORIZING MAYOR BENJAMIN S. ABALOS TO NEGOTIATE AND OBTAIN THE LOAN FOR THE CITY OF MANDALUYONG WITH THE LANDBANK OF THE PHILIPPINES, AND CONFIRMING, APPROVING AND RATIFYING ALL PREVIOUS REPRESENTATIONS, ACTS AND WARRANTIES AND ALL THE TERMS AND CONDITIONS OF THE LOAN

Codified Ordinance ·

Legislative document of the Sangguniang Panlungsod ng Mandaluyong.

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Short Title

COLOSSEUM

English Title

AN ORDINANCE APPROVING THE REALIGNMENT OF THE AMOUNT OF ONE BILLION THREE HUNDRED FORTY EIGHT MILLION PESOS (P1,348,000,000.00) FROM LANDBANK OF THE PHILIPPINES (LBP) TERM LOAN NO. 31 - PERMANENT WORKING CAPITAL FOR COVID-19 EMERGENCY RESPONSE ACTIVITIES TO TERM LOAN NO. 30 - CONSTRUCTION OF MANDALUYONG COLOSSEUM AND CIVIC COMPLEX TO AUGMENT THE FUNDS FOR PHASE 2 OF THE SAME PROJECT, AUTHORIZING MAYOR BENJAMIN S. ABALOS TO NEGOTIATE AND OBTAIN THE LOAN FOR THE CITY OF MANDALUYONG WITH THE LANDBANK OF THE PHILIPPINES, AND CONFIRMING, APPROVING AND RATIFYING ALL PREVIOUS REPRESENTATIONS, ACTS AND WARRANTIES AND ALL THE TERMS AND CONDITIONS OF THE LOAN

Sponsored By

† Hon. Councilor Michael S. Ocampo, Hon. Councilor Alexander C. Sta. Maria, Hon. Councilor Anjelo Elton P. Yap, Hon. Councilor Anthony DLS. Suva, Jr., Hon. Councilor Benjamin A. Abalos, III, Hon. Councilor Carissa Mariz S. Manalo, Hon. Councilor Danilo L. De Guzman, Hon. Councilor Estanislao V. Alim, III, Hon. Councilor Fernando S. Ocampo, Hon. Councilor Leslie F. Cruz, Hon. Councilor Michael Eric G. Cuejilo, Hon. Councilor Reginald S. Antiojo, Hon. Councilor Rodolfo M. Posadas, LnB Pres. Darwin A. Fernandez, SK Pres. Aerol Sedrick Mangaliag, SK Pres. Cherilyn V. Mina, Vice Mayor Carmelita "Menchie" Abalos