Councilor Edna Dahino (seated) gestures as she makes a point during an informal discussion a proposed measure on child trafficking with Vice Mayor Raineir Joaquin Uy (center) and Councilor Ian Mark Nacaya (left) at the city council on Monday. (photo by lito rulona)
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THE City Council committee on finance, budget and appropriations chaired by Councilor Edna M. Dahino, is set to take up the request for appropriation of the amount of P459,373 to cover the full payment of just compensation including registration expenses of a property containing an area of 174 square meters, located in Barangay Kauswagan. The subject parcel of land was affected by the proposed 12-meter widening of St. Therese Street and existing eight-meter wide St. Mary Street in the said barangay.

The derivation or source of the appraised value was from the appraisal of the lots affected by government project plus six-percent interest compounded annually using the formula for cost of money starting year 2006, The Power learned.

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Likewise to be discussed are the requests for appropriation of the total amount of P9.8 million to cover the full payment of just compensation including registration expenses of two properties containing a total area of 4,375 square meters located in Barangay Patag. The subject parcels of land were affected by the existing 10.00M wide Molawan Street.

The derivation or source of the appraised value was based on the appraisal of government projects near the subject lots. (SP)

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