BOARD RESOLUTION NO.

750
Series of 2003

LIBERALIZING THE REQUIREMENTS FOR THE ISSUANCE OF

CERTIFICATE OF REGISTRATION AND LICENSE TO SELL FOR FARMLOT
SUBDIVISIONS

WHEREAS, the Implementing Rules and Regulations defines Farmlot

Subdivision as a planned community intended primarily for agricultural activity;

WHEREAS, the Board is of the position that DAR Conversion Clearance need
not be required in the issuance of Certificate of Registration and License to Sell for
Farmlot Subdivisions since there is no change in principal use;

WHEREAS v the issuance of Certificate of Registration and License to Sell by

this Board does not exempt grantees thereof from compliance with and is without
prejudice to the provisions of other laws;

WHEREFORE, be it resolved, as it is hereby resolved, that this Board shall no

longer require a DAR Conversion Clearance as a precondition for issuance of Certificate
of Registration and License to Sell for Farmlot Subdivisions.

APPROVED, this 15th. day of October 2003, Quezon City