Funds for Mines View satellite market consolidated

The City Council, during last Monday’s regular session, approved on first reading a proposed ordinance consolidating the funds of two projects for the improvement and rehabilitation of the Mines view satellite market amounting to PhP8 million and completion of the rehabilitation of the same structure amounting to PhP27 million into one.

Under the proposed ordinance, the consolidated title of the said project under the government funds of the city government 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 PhP35 million.

The council pointed out that the consolidation of the two earlier projects would allow the City Accounting Office to identify how much would be allotted in the progress of the project.

Earlier, City Building Official Arch. Johnny Degay requested the local legislative body to pass a resolution or ordinance to consolidate the funds of the two projects.

Appropriation Ordinance No. 61, series of 2022 identified the priority projects that were included in the 1st Supplemental Annual Investment Program for fiscal year 2022 of the local government under Resolution No. 224, series of 2022 that included the improvement and rehabilitation of the Mines View satellite market amounting to PhP8 million.

Likewise, Appropriation Ordinance No. 42, series of 2023 also identified the priority projects that were included in the 3rd Supplemental Annual Investment Program for calendar year 2023 of the local government under Resolution No. 244, series of 2023 that included the completion of the rehabilitation of the Mines View building amounting to PhP27 million.

The proposed ordinance was referred to the concerned committee for study and recommendation for its approval on third and final reading. – Dexter A. See