Waiving the Penalties Incurred from the Real Estate Taxes of Bartolome Angeles' Property at North Greenhills, San Juan

May 2, 2007SAN JUAN MUNICIPALITY ORDINANCE NO. 014-07AN ORDINANCE WAIVING THE PENALTIES INCURRED FROM THE REAL ESTATE TAXES OF MR. BARTOLOME L. ANGELES' PROPERTY LOCATED AT 21 BUCHANAN ST. CORNER ROOSEVELT ST., NORTH GREENHILLS, SAN JUAN METRO MANILASponsored by: Councilor Domingo M. SeseCo-sponsored by: Councilors Clemente P. Bargas, Tomas C. Carvajal, Angelino O. Mendoza, Vincent M. Pacheco, Grace C. Pardines, Francis Keith R. Peralta, Dante E. Santiago, Christopher M. Torzar, Frances R. Zamora, Cesar E. Sto. Domingo and Anthony Joseph D. dela CruzWHEREAS, Mr. and Mrs. Bartolome L. Angeles mortgage the property at 21 Buchanan St., cor. Roosevelt St., North Greenhills, San Juan Metro Manila to secure a loan from the Luzon Development Bank (LDB); TECIaHWHEREAS, the late 1980's a case has been pending with the courts arising from the transfer of the title of the abovementioned property to Luzon Development Bank;WHEREAS, the Supreme Court in its final ruling last month declared the transfer to be VOID and required the LDB to revert the title back of their name;WHEREAS, while the property has been in...