A NOTICE of hearing for the temporary restraining order (TRO) relative to the P250-million loan of the City Government of Bacolod has been set Jan. 13, 8:30 a.m.

Served with the notices were City Mayor Evelio Leonardia, Vice Mayor Jude Thaddeus Sayson, councilors Dindo Ramos, Al Victor Espino, Diosdado Valenzuela, Homer Bais, Greg Gasataya, Napoleon Cordova,

Roberto Rojas, Alex Paglumotan, and Sangguniang Kabataan president Kevin Daniel Ramos.

Filed under case number 09-13501, Valerie Parreño, clerk of court of the Regional Trial Court Branch 53 issued the said notice regarding the controversial loan entered by the City Government with the Philippine

Veterans Bank.

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Former Bacolod City mayor and councilor Rolando Villamor had filed a case against Mayor Evelio Leonardia and the City Council members questioning the legality of the said loan.

The summoned officials were required to file within 15 days to answer the complaint.

"If they fail to answer within the time fixed, the plaintiff will take judgment by default and may be granted the relief applied for in the complaint" said Parreño.

Sayson, in the meantime said, all the papers required for the loan are complete.

Sayson reiterated that the loan would be beneficial in the city's housing project, which is intended for the poorest of the poor Bacoleños.

The loan will be used by the city in purchasing a relocation site for the informal settlers in the city, said Sayson, adding that "it's farfetched that this loan will be disadvantageous to the public."

He said: "I'm confident that we have complied with all the requirements set forth by law. In this transaction, there will be no damage that will happen to the people of Bacolod. The temporary restraining order is usually

issued if there is an immediate damage seen" he said.

Sayson noted that the City Government has submitted the required documents to the PVB and is now waiting for the bank's advice on loan release.