LAPU-LAPU CITY, Cebu — The Lapu-Lapu City Government has earmarked an initial P700 million for the construction of its new City Hall, a landmark project expected to cost around P1 billion. The new City Hall will be built adjacent to the existing City Hall building. Mayor Cindi King-Chan said the city has allocated P700 million for the project since last year. READ: SOCA: Lapu-Lapu mayor cites health care, education gains Of the total amount, P20…