Bucana seeks council nod for P20-M loan

THE LOCAL government council of Barangay 76-A Bucana is seeking legislative authority from the City Council for a possible loan agreement with the Land Bank of the Philippines.

The loan agreement between 76-A, represented by barangay chief Rolando Trajera, and the LBP Davao Lending Center is for the acquisition of heavy equipment, dump trucks, and infrastructure projects to be implemented in Bucana Proper, SIR Phase 1, and SIR Phase 2.

In an interview with the TIMES, Trajera said the loan agreement covers P20 million.

This will fund proposed road and drainage projects in the area, as well as the purchase of at least two heavy equipment for the use of the barangay.

Asked if there could be any overlaps in future development sites, Trajera said this was a different venture, as the Mega Harbour reclamation project for example is sited at the coast.

“The city council is still going to decide if they allow,” Trajera said.

The item was passed on first reading during Tuesday’s regular session at the Sangguniang Panlungsod.

According to documents from the city council’s committee on rules, the Barangay Council of Bucana had already passed an ordinance granting legislative authority to Trajera to sign the document.

The city council nod would take the loan agreement closer to approval.

The barangay ordinance was passed as early as March 6.

The item is now being calendared for hearing at the committee on rules.

As of existing documents, no amount has been identified yet for the loan agreement.

Trajera said the Barangay Council was willing to revise its legislative authority documents in case the City Council questions it.

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