The city council approved on first reading a proposed ordinance consolidating the funds of two projects for the Mines View satellite market.
The proposal sought to merge the P8 million for the improvement of the satellite market with the P27M allotted to complete its rehabilitation.
Under the proposed ordinance, the consolidated title of the project under the city’s Annual Investment Program (AIP) will be known as the improvement and rehabilitation of the Mines View satellite market and completion of the same structure amounting to P35M.
The proposal added the consolidation would allow the City Accounting Office to identify how much would be allotted in the progress of the project.
City Building Official Johnny Degay earlier requested the city council to pass a resolution or ordinance to consolidate the funds of the two projects.
Appropriation Ordinance 61, s. 2022 identified the priority projects that were included in the 1st Supplemental Annual Investment Program for 2022 under Resolution 224, s. 2022 that included the improvement and rehabilitation of the Mines View satellite market amounting to P8M.
Appropriation Ordinance 42, s. 2023 also identified the priority projects that were included in the 3rd Supplemental Annual Investment Program for 2023
The proposal was referred to the concerned committee for study and recommendation. – PIO release
