AUTHORIZING THE MUNICIPAL MAYOR TO REPRESENT THE MUNICIPALITY OF BULALACAO, ORIENTAL MINDORO TO ENTER INTO A MEMORANDUM OF UNDERSTANDING WITH BALIBAGO WATERWORKS SYSTEM, INC. REPRESENTED BY ITS ASSISTANT VICE PRESIDENT, MR. MARK OLIVER J. ARAULLO ENGAGING THE SERVICES OF THE SECOND PARTY TO CONDUCT AND UNDERTAKE A PROJECT FEASIBILITY STUDY THAT SHALL IDENTIFY PRIORITY AREAS OF OPERATIONAL IMPROVEMENT, EXPANSION AND FINANCING, TARGETING AND BENEFITTING PRESENT AND FUTURE CONCESSIONARIES AT NO COST AND SUCH OTHER TERMS AND CONDITIONS THAT MAY BE AGREED UPON BY BOTH PARTIES

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