Mayor Joy Belmonte signed the Deed of Conditional Sale formally acquiring the 157 parcels of land previously owned by Landbank.
“At long last, sa hinaba-haba ng panahon, kay Mayor Joy Belmonte lang pala matutupad ang aming pinapangarap na lupa ,” Janoras said. City Administrator Michael Alimurung, HCDRD, and the City Appraisal Committee were able to convince Landbank to settle the amount of the property at P209,244,000.00 which is lower than the original offer by Landbank of P257,070,000.00.
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