A RESOLUTION APPROVING THE APPLICATION FOR PRELIMINARY APPROVAL AND LOCATIONAL CLEARANCE (PALC) UNDER BP 220 OF JFM DEVELOPMENT CORPORATION FOR ITS MADAUM RESIDENTIAL PROJECT WITH HOUSING COMPONENTS, CONTAINING A TOTAL AREA OF 101,858 SQUARE METERS MORE OR LESS, LOCATED AT SITIO KATIPUNAN, BARANGAY MADAUM, TAGUM CITY.