RESOLUTION NO. 2020-0602 (Sponsored by: Honorable Teodoro M. Quicoy) "A RESOLUTION AUTHORIZING THE HONORABLE CITY MAYOR TO ENTER, FOR AND IN BEHALF OF THE CITY GOVERNMENT OF PAGADIAN, INTO A MEMORANDUM OF AGREEMENT WITH THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP) IN RELATION TO THE IMPLEMENTATION OF THE SALARY LOAN FACILITY PROGRAM FOR QUALIFIED OFFICIALS AND EMPLOYEES OF THE CITY GOVERNMENT OF PAGADIAN" WHEREAS, the Development Bank of the Philippines (DBP), in collaboration with the City Government of Pagadian, seeks to launch a Salary Loan Facility Program for qualified officials and employees of the City Government; WHEREAS, in relation thereto, as the establishment of the program will necessarily require the formal forging of an Agreement by and between the Development Bank of the Philippines (DBP) and the City Government of Pagadian which would require the Honorable City Mayor to be appropriately authorized by the Sangguniang Panlungsod to enter into and sign the document thus a request for such purpose was made; WHEREAS, this body finds the requested authority in order for the benefit of the intended beneficiaries-the City Government personnel; NOW, THEREFORE, on seconded motion of Honorable Teodoro M. Quicoy, be it RESOLVED to authorize, as this body hereby authorizes the Honorable City Mayor to enter, for and in behalf of the City Government of Pagadian, into a Memorandum of Agreement with the Development Bank of the Philippines (DBP) in relation to the implementation of the Salary Loan Facility Program for qualified officials and employees of the City Government of Pagadian. RESOLVED FURTHER, to let copies of this Resolution be forwarded to His Honor, City Mayor Samuel S. Co, the Development Bank of the Philippines through Area Manager Girlie D. Cuartero, Head-DBP Pagadian Branch; and the City Legal Officer, for information and guidance. APPROVED UNANIMOUSLY. I HEREBY CERTIFY to the correctness of the foregoing resolution. MAPHILINDO Q. OBAOB, MPA, MAGaD Verified: City Vice Mayor/Presiding Officer ATTY. TEODORO M. QUICOY SP Member/Floor Leader Attested: ELKID P. NACUA Secretary to the Sangguniang Panlungsod