The development of the FS Catanico Springs Resort moved a step closer to implementation after the Cagayan de Oro City Council enacted Ordinance No. 13136-2016, authorizing City Mayor Oscar Moreno to enter into and sign the Memorandum of Agreement (MOA) with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the development of the project in Barangay F.S. Catanico.
The MOA provides that TIEZA shall provide the funds to complete the project based on approved plans and specifications. After conducting a public hearing, TIEZA shall implement and supervise the project and turn over the project to the city government.
More details in PIA’s article HERE.