2009 R - 11 - APPROVING AND RATIFYING THE LOAN AGREEMENT ON THE ABSORPTION OF THE EXISTING NINETY (90) DAYS PROMISSORY NOTE TO A TERM LOAN

2009 R - 11 - A RESOLUTION APPROVING AND RATIFYING THE LOAN AGREEMENT ON THE ABSORPTION OF THE EXISTING NINETY (90) DAYS PROMISSORY NOTE TO A TERM LOAN PAYABLE IN SEVEN (7) YEARS, THE CONTINUING DEEDS OF ASSIGNMENT WITH HOLD-OUT AND OTHER DOCUMENTS RELATED THERETO SIGNED AND EXECUTED BETWEEN THE CITY OF OLONGAPO (LGU), AND THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP) WITH ALL THE TERMS AND CONDITIONS THEREOF