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REPUBLIC OF THE PHILIPPINES

The Official Website of the City Council of Manila

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City Ordinances

ORDINANCE No. 8655

Date Approved:

City Council:

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Principal Authors

HON. JOEL R. CHUA

Co-authors

AN ORDINANCE RATIFYING THE OMNIBUS TERM LOAN AGREEMENT DATED 18 DECEMBER 2019 ENTERED INTO BY AND BETWEEN THE CITY GOVERNMENT OF MANILA, DULY AUTHORIZED AND REPRESENTED BY MAYOR FRANCISCO ISKO MORENO DOMAGOSO AND THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP), REPRESENTED BY ITS SENIOR VICE-PRESIDENT, MS. CAROLY I. OLFINDO, IN THE AMOUNT OF FIVE BILLION PESOS (PHP. 5,000,000,000.00) TO FUND THE FOLLOWING DEVELOPMENTAL PROJECTS OF THE CITY WHICH ARE INDICATED IN THE APPROVED LOCAL DEVELOPMENT PLAN OR THE CITY ANNUAL INVESTMENT PLAN, NAMELY: A) REDEVELOPMENT OF MANILA ZOO, B) CONSTRUCTION OF BINONDOMINIUM 1, C) CONSTRUCTION OF TONDOMINIUM 1, D) CONSTRUCTION OF TONDOMINIUM 2 AND E) CONSTRUCTION OF 10-STOREY BAGONG OSPITAL NG MAYNILA AND PARKING BUILDING.