EXCERPT FROM THE MINUTES OF THE BOARD MEETING OF THE BOARD OF

DIRECTORS OF ILDEFONSO VILLANUEVA II SETTLERS HOMEOWNERS

ASSOCIATION INC. (IVIIHOAI) HELD IN ITS OFFICE AT Purok 10 Barangay Obrero,
Butuan City, ON ___________, AT __________ P.M.

___________________________________________________________________
___________

ATTENDANCE:

ALL PRESENT GUEST/S:

ABSENT : NONE
---------------------------------------
--------------------------------------------------------------------------------------------------
RESOLUTION NO. ________________

Resolution to request the alteration of the approved subdivision plan at the

office of City Planning LGU Butuan City in compliance with the Social Housing
Corporate Circular 017 and 018;

WHEREAS, SHFC Corporate Circular No. 17 paragraph no. 5, under sub-par. no.
5.4 and SHFC Corporate Circular No. V that:

X X X
“In the event that the selling price is higher than SHFC’’s appraisal
value, the CA may pay the excess directly to the landowner,
provided that the said excess is within the 20% range. Otherwise, the
application is deemed unacceptable.” x x x x x
X X X
“ The CMP Loan amount that can be availed of shall be based on: (a)
sum of the loan entitlement of the CA members; (b) purchase/
contract price between the CA and the landowner; or (c)
the appraised value of the property whichever is lower.
“xxxxx

WHEREAS, the CMP project is an on-site project , that the settlers are informally
occupied the land and subdivided into big size lots;

WHEREAS, during the Site Inspection by the SHFC Technical Services their
findings had told that the value excess within the 20 percent range and was
adivised to reduce homelots;

WHEREAS, _________________moved for the approval of the above enumerated

agenda;

WHEREAS, _______________, seconded the said motion and resolved that the
said act affirmed and confirmed;

1
WHEREAS, the whole matters were presented and discussed by the HOA
President and answered all the questions of the Board.

WHEREAS, as severally moved and jointly seconded by the majority of the

member present, it was:

RESOLVED, by the Officers and Board of the HOMEOWNERS’S ASSOCIATION, as

it is hereby resolved to request the alteration of the approved subdivision plan
at the office of City Planning LGU Butuan City, in compliance with the Social
Housing Corporate Circular 017 and 018;

NOW, THREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED THE APPROVAL OF

THE SAID AGENDA AND DO ALL THE ACTS AS ENUMERATED ABOVE IN RELATION
THERETO.

DONE this ________ day of _________, 2020, at Butuan City, during the Special
Board Meeting conducted on _______________________, AT ____________ P.
M.

I HEREBY CERTIFY, that this is true and correct Board Resolution duly
approved and adopted this __________ day of ____________, 2018, Butuan City.

_________________________
Corporate Secretary

Signed by the Majority of the Board:

SATURNINA A. BESAS ____________________ ______________

President Board Board

____________________ ____________________ _______________

Board Board Board

2
____________________ ____________________ _______________
Board Board Board

            SUBSCRIBED AND SWORN to before me this ____ day

of ______ 2021 in _________, Philippines, affiant exhibiting to
me his/her competent evidence of identity by way of
_______________ issued at ___________
on ________________.

Doc No. :  _____                                                             

Page No.: ______                                           
Book No.: ______                                    NOTARY
PUBLIC           
Series of 2021