DECLARING MUNICIPAL ORDINANCE NO. 7, S-2018 OF THE SANGGUNIANG BAYAN OF BINMALEY, PANGASINAN, ENTITLED “AN ORDINANCE AUTHORIZING THE LOCAL GOVERNMENT UNIT OF BINMALEY THRU ITS MUNICIPAL MAYOR HONORABLE SIMPLICIO L. ROSARIO FOR A LOAN BORROWING IN THE AMOUNT OF ONE HUNDRED THIRTY MILLION PESOS (P130,000,000.00) TO FINANCE THE FOL-LOWING PROJECTS, NAMELY: (A) COMPLETION OF PUB-LIC MARKET, INCLUDING CONSTRUCTION OF ROADS AND/OR THOROUGHFARES AND DRAINAGE SYSTEM; (B) COMPLETION OF EVACUATION AND MULTI-PURPOSE CENTER, AS CONTAINED IN THE TERM LOAN AGREE-MENT, DEED OF ASSIGNMENT AND OTHER DOCUMENTS RELATED THERETO SIGNED AND EXECUTED BETWEEN THE MUNICIPALITY OF BINMALEY AND THE DEVELOP-MENT BANK OF THE PHILIPPINES AND TO FURTHER AU-THORIZE THE MUNICIPAL MAYOR TO ENTER/EXECUTE AND SIGN ANOTHER TERM LOAN AGREEMENT WITH DE-VELOPMENT BANK OF THE PHILIPPINES (DBP) RELATIVE TO THE ADDITIONAL LOAN BORROWING IN THE AMOUNT OF EIGHTY THREE MILLION PESOS (P83,000,000.00) TO FI-NANCE THE FOLLOWING ADDITIONAL PROJECTS OF LGU, NAMELY: (A) CONSTRUCTION OF THIRTY TWO (32) HOUS-ING UNITS FOR THE BINMALEY RESETTLEMENT PRO-GRAM; (B) CONSTRUCTION OF COMMAND CENTER AND (C) CONSTRUCTION OF BINMALEY CENTRAL SCHOOL BUILDING” AS WITHIN THE CONFERRED POWERS OF THE SANGGUNIANG BAYAN TO ENACT