[Insert Community Name]

DHSUD/HLURB Registration No. ______

BOARD RESOLUTION NO. ______, Series of _____

“A RESOLUTION APPROVING THE SELECTED RELOCATION SITE AND THE

PROPERTY IDENTIFIED FOR THE PURPOSE OF SHFC-TURNKEY MODALITY
SCHEME”

WHEREAS, Section _____of the By-Laws of __________________________________

(“By-Laws”) assigns the Board of Directors (“Board”) all powers and duties necessary for the
administration of the affairs of ______________________________ (“Association”) and states that
the Board may do all such acts and things, except those matters that the Board is prohibited from
doing by law or the governing rules and regulations;

WHEREAS, Section _____ of the By-Laws provides that the directors shall exercise their
powers and duties in good faith and in the best interest of the Association and its members;

WHEREAS, the turn-key scheme is a policy innovation of SHFC designed to bridge the gap
between project conception to project approval by allowing a third party to finance the acquisition,
development, and construction of projects minimizing the lag time for project approval and securing
the interests of stakeholders involved;

WHEREAS, CMP Corporate Circular No. ______ otherwise known as GUIDELINES FOR
TURNKEY CMP MODALITY pursues a Community Association-initiated plan as to the selection
of relocation site based on suitability as to location of basic facilities and services necessary for our
seamless integration in the said relocation site;

WHEREAS, upon careful search and upon inquiries made in the exercise of due diligence to
ensure that the relocation site of our future homes will be suitable to us and our family and
considering the requirements of SHFC, we have finally selected a parcel of land covered by
(OCT/TCT No. __________________with an area of __________) located at
__________________________ registered in the name of _______________________.

WHEREAS, the said property is found to be consistent to the desire of the Community
Association to establish their family home. Given the proposed development, Community
Association also finds the area safe, practical and convenient.

WHEREAS, the area has an existing Road Right of Way as evidenced by a certificate issued
by the City/Municipal/Provincial Engineer’s Office dated __________ and signed by
___________________;

WHEREAS, the Board of Directors, upon a General Assembly called for the purpose,
approves the selection of the above-mentioned relocation site subject further to application of
permits and clearances from concerned government offices in compliance with the applicable laws;

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Board Resolution No.___ Series of ______
 NOW, THEREFORE, BE IT RESOLVED that the Board of Directors hereby approves the
selected relocation site upon a parcel of land covered by OCT/TCT No. _________________;

UNANIMOUSLY CARRIED.

I HEREBY CERTIFY to the passage of this Board Resolution.

Attested: _____________________
Secretary of the Association

YES NO ABSTAIN ABSENT

___________________________ _______ _____ _________ ________
President

___________________________ _______ _____ _________ ________

Vice President

___________________________ _______ _____ _________ ________

Treasurer

___________________________ _______ _____ _________ ________

Secretary

___________________________ _______ _____ _________ ________

Director

___________________________ _______ _____ _________ ________

Director

___________________________ _______ _____ _________ ________

Director

Date: __________________

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Board Resolution No.___ Series of ______
 SECRETARY’S CERTIFICATE

I, _______________________, DO HEREBY CERTIFY that I am duly elected secretary and

custodian of the record of ____________ Homeowners Association, Inc., a non-stock, non-profit
organization and existing under by virtue of the laws of the Republic of the Philippines.

I attest that on ________________, the Board of Directors convened in a meeting and held in
accordance with the law of said Association for the purpose of APPROVING THE RELOCATION
SELECTED AND THE PROPERTY IDENTIFIED FOR THE PURPOSE OF SHFC-TURNKEY
MODALITY SCHEME” at _______________________, and that such Resolution is now in full force
and effect.

RESOLUTION NO. _____ Series of _____

NOW, THEREFORE, BE IT RESOLVED that the Board of Directors hereby approve the
selected relocation site and the acquisition cost of the said relocation for the purpose above-
mentioned, all done to ensure the continuity of our life-long dream to own a property under the
SHFC’s Community Mortgage Program as espoused by Republic Act 7279 or the Urban
Development Act of 1992.

IN WITNESS WHEREOF, I have hereunto signed this Certification this day of

____________________ in _____________ Philippines.

____________________
HOA Secretary

SUBSCRIBED AND SWORN TO BEFORE ME, a Notary Public this

____________________ in _____________, Philippines.

Notary Public

Doc. No. ________

Book No. ________
Page No. ________
Series of

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Board Resolution No.___ Series of ______