Web 2.0 technologies and web-based library resources enhance the teaching-learning activities and create a more engaging and innovative classroom experience. This study aimed to formulate an institutional policy that a Higher Education Institution (HEI) in Davao City may adopt based on an analysis of the utilization of web 2.0 technologies and web-based library resources in the teaching learning methodologies of the said HEI. The research was done through non- experimental quantitative research design utilizing descriptive research technique using frequency, percentage, and mean as statistical tools. Using a reliable and validated researchers-prepared questionnaire, the survey was conducted to 330 student respondents conveniently selected inside the library. The study revealed a moderate extent of web 2.0 technologies and web-based library resources application to teaching-learning methodologies. Among the web 2.0 tools, YouTube and Facebook emerged as highly used while ProQuest e-journals for the web-based library resources were highly applied but not comprehensive. It is interesting to note that the majority of the faculty members were not familiar with the available e-books from the library. Three notable findings came out during the focus group discussion as to why some of the faculty members were not using these resources: lack of awareness, lack of competency, and complacency. The researchers recommend an institutional policy framework to integrate the use of these resources into the curriculum.