RATIFYING THE MEMORANDUM OF AGREEMENT ENTERED INTO ON OCTOBER 14, 2020 BY AND BETWEEN THE LOCAL GOVERNMENT UNIT OF BULALACAO, ORIENTAL MINDORO WITH MRS. CARMELINA F. MAGADA REPRESENTED BY MRS. EMELITA F. PIANA FOR TEHE RENTAL OF A PARCEL OF LAND CONTAINING AN AREA OF FIVE THOUSAND SQUARE METERS (1/2 HAS.) INCLUDING THE WATER SPRING THEREIN SINTUATED IN BARANGAY SAN FRANCISCO, THIS MUNICIPALITY OWNED BY THE LATTER WHICH SHALL SERVE AS THE WATER SOURCE FOR BARANGAY SAN FRANCISCO IN CONSIDERATION OF A MONTHLY RENTAL FEE OF TWO THOUSAND FIVE HUNDRED PESOS (PHP2,500.00) AND SUCH OTHER TERMS AND CONDITIONS THAT MAY BE AGREED UPON BY BOTH PARTIES

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