RESOLUTION REALIGNING A PORTION OF 20% IRA DEVELOPMENT FUND CONTINUING APPROPRIATION FOR THE IMPROVEMENT OF PUNTA CRUZ WATCH TOWER AND PARK INTO DIFFERENT PRIORITY PROJECTS FOR C.Y. 2008 IN THE MUNICIPALITY OF MARIBOJOC, BOHOL IN THE AMOUNT OF FOUR HUNDRED TWENTY THOUSAND PESOS.

Authored by: Hon. Alberto E. Arangoso
Sponsored by: Mass Motion

WHEREAS, the Municipality of Maribojoc has a continuing appropriation from the 20% IRA Development Fund for the Improvement of Punta Cruz Watch Tower and Park in the amount of Four Hundred Twenty Thousand Pesos (P420,000.00);

WHEREAS, other priority projects were identified, which need immediate attention, that funds for its implementation are required;

WHEREAS, the continuing appropriation from the 20% IRA Development Fund for the Improvement of Punta Cruz Watch Tower and Park is found to be a good source of the required funds of these priority projects;

WHEREAS, a portion of the 20% IRA Development Fund continuing appropriation for the improvement of Punta Cruz Watch Tower in the amount of Four Hundred Twenty Thousand Pesos (P420,000.00) shall be re-aligned into the following priority projects:

a. Improvement of the Public Building – P 275,000.00
b. Coastal Resource Management – P 120,000.00
(Purchase of Patrol Boat)
c. Community Reforestation & Greening – P 25,000.00
Program __________
P 420,000.00

WHEREFORE, be it resolved by the Sangguniang Bayan in their session duly assembled;

BE IT RESOLVED, as it is hereby resolved to re-align a portion of the 20% IRA Development Fund continuing appropriation for the improvement of Punta Cruz Watch Tower and Park into different priority projects for C.Y. 2008 in the Municipality of Maribojoc, Bohol in the amount of Four Hundred Twenty Pesos (P420,000.00);

RESOLVED FURTHER , that copies of this resolution be furnished to the Office of the Mayor, Hon. Leoncio B. Evasco, Jr. Maribojoc, Bohol for appropriate action.

Unanimously adopted.

I HEREBY CERTIFY TO THE CORRECTNESS
OF THE ABOVE QUOTED RESOLUTION:

ERLINDA V. CASTILLON
Acting Secretary to the Sangggunian

ATTESTED:

ENGR. GABINO C. REDULLA
Municipal Vice Mayor
Date signed: October 30, 2007