QuestionsQuestions (PROCLAMATION NO. 375)
Proclamation No. 375 was issued pursuant to the powers vested in the President under Republic Act (RA) No. 7916, the “Special Economic Zone Act of 1995,” as amended by RA No. 8748.
It is created and designated as a Special Economic Zone (Information Technology Center).
The building is “St. Francis Square,” with a gross floor area of 38,789 square meters (more or less).
It designates the parcels of land upon which the building stands, with an aggregate land area of 7,490.97 square meters (more or less), subject to the technical descriptions of Lots 2, 3, and 4.
The proclamation includes: (1) Lot 2, PCS-00-013453 (covered by TCT No. 008-2013000696); (2) Lot 3, PCS-00-013453 (covered by TCT No. 008-2013000697); and (3) Lot 4, PCS-00-013453 (covered by TCT No. 008-2013000698).
The recommendation was made by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
It clarifies that the creation/designation of the SEZ is governed by the substantive law (RA 7916, as amended) and its implementing rules and regulations, including PEZA board resolutions referenced in the proclamation.
It references: Resolution No. 00-411 (s. 2000), as amended by Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), and 17-472 (s. 2017), and Resolution No. 15-119 (s. 2015) of PEZA’s Board of Directors.
At J. Vargas corner Bank Drive, Ortigas Center, Mandaluyong City.
The technical descriptions state the lots are in the Barangay of Wack-Wack Greenhills, Mandaluyong City, Metro Manila.
Lot 2: 2,327.64 sq.m.; Lot 3: 2,088.39 sq.m.; Lot 4: 3,078.94 sq.m. (all more or less).
They reference original survey dates of 08 April 1920 to 21 February 1921 and subdivision-consolidation survey dates of 10-11 November 2010, with approved surveys on 10 January 2011.
To precisely identify and delimit the property boundaries that form the SEZ, so there is clear legal description for land coverage.
It is dated December 07, 2017 (as indicated in the header), and “DONE in the City of Manila, this 7th day of December 2017” appears in the dispositive/ending portion.
It was signed by Rodrigo Roa Duterte, President, with Salvador C. Medialdea as Executive Secretary.
It makes the technical descriptions (lots, TCT references, and metes-and-bounds) the controlling description for determining the exact territorial extent of the SEZ for regulatory and tax incentive purposes under the governing SEZ law.