Resolution No. 027-2022
A RESOLUTION APPROVING THE RESOLUTION NO. 127-2020 OF THE SANGGUNIANG BAYAN OF PLARIDEL, “A RESOLUTION APPROVING, CONFIRMING AND RATIFYING ALL THE TERMS AND CONDITIONS OF THE LOAN INDICATED IN THE NOTICE OF LOAN APPROVAL DATED AUGUST 3, 2020, LOAN AGREEMENT, ASSIGNMENT AND OTHER SUPPORTING DOCUMENTS PERTAINING TO THE TERM LOAN FACILITY ENTERED INTO BY AND BETWEEN THE MUNICIPAL GOVERNMENT OF PLARIDEL REPRESENTED BY THE MUNICIPAL MAYOR ALICIA RAMA-TY AND THE LANDBANK OF THE PHILIPPINES REPRESENTED BY ITS ZAMBOANGA DEL NORTE LENDING CENTER HEAD, ZENAIDA K. VALENCIA, IN THE TOTAL AMOUNT OF TWELVE MILLION FIVE HUNDRED THOUSAND PESOS ONLY (P12,500,000.00) AS COMPONENT OF THE PROJECTS OF THE LGU AND TO SECURE THE SAME WITH ASSIGNMENT OF 20% INTERNAL REVENUE ALLOTMENT AND OTHER LOCAL REVENUES, SUBJECT TO ALL LAWS, RULES AND REGULATIONS. THE LOAN SHALL BE UTILIZED TO FINANCE PROCUREMENT OF ONE (1) UNIT BRAND NEW 9 CU. M. GARBAGE COMPACTOR (P8.50 MILLION) AND TWO (2) UNITS BRAND NEW SERVICE VEHICLES (P4.00 MILLION)”