Just compensation payments to lot owners okayed

THE city government of Cagayan de Oro has earmarked funds to the respective lot owners whose properties were affected by the city projects.

This, as the 20th City Council during its regular session presided over by City Vice Mayor Bebot Rodriguez, enacted separate ordinances appropriating the amounts for the full payment of the claim of just compensation to lot properties affected by existing Mandumol-Indahag road, a portion of 2.00-meter-wide South Diversion Road, and the 8.00-meter-wide Carmen-Canitoan Road projects.

For this purpose, legislators likewise authorized City Mayor Rolando A. Uy to sign the corresponding deed of absolute sale.

The ordinances were reviewed and favorably endorsed by the Committees on Subdivision and Landed Estate, on Finance, Budget and Appropriations, and on Laws and Rules chaired by Councilors Edgar S. Cabanlas and Yan Lam Lim, respectively.