The resources will be invested in infrastructure, says President
Chapala City Hall building where on February 28th the councilmen approved the 7.9 million pesos debt.
Arturo Ortega (Chapala).- The Chapala City Council approved a debt of 7,912,060 pesos (about US$378,000) plus interest to fund public works in priority areas of the municipality, during the sixth ordinary council session held on February 28.
The debt, to be paid over a period of three years, will be contracted with the banking institution that submits the proposal with the lowest interest rate. This debt will finance public works specified in the catalog of actions established in the guidelines of the Contribution Fund for Social Infrastructure (FAIS) issued by the Welfare Secretariat.
Prior to the approval of the proposal, the Mayor of Chapala, Alejandro de Jesús Aguirre Curiel, explained that the resources will be invested in infrastructure projects including drainage, potable water, education and street rehabilitation works, which are considered a priority in Ajijic and Atotonilquillo.
Translated by MaryAnne Marble
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