Question & AnswerQ&A (PROCLAMATION NO. 1107)
The SMTT IT Park was created and designated under Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation of the IT Park.
The SMTT IT Park has an aggregate area of approximately 24,911 square meters.
The parcels of land included are Lot 3-A, Lot 3-B, Lot 4, Lot 5, Lot 6, Lot 7, and Lot 8, all located in Barangay Dolores, Municipality of Taytay, Rizal.
The legal bases include Republic Act No. 7916, as amended by RA No. 8748, the Implementing Rules and Regulations of RA No. 7916, PEZA Resolution No. 00-411, as amended by Resolution Nos. 11-066, 12-329, and 14-002.
The Technical Description provides a detailed delineation and boundaries of each parcel of land comprising the IT Park, ensuring legal precision and clarity in the land designation.
The proclamation was signed by President Benigno S. Aquino III and executed through Executive Secretary Paquito N. Ochoa, Jr.
The boundaries and areas are measured using original and subdivision surveys with bearings and distances, indicated by points and marked on the ground by monument markers such as P.S. cylindrical concrete monuments.
The Special Economic Zone Act of 1995 provides the legal framework for establishing special economic zones like IT Parks, aiming to promote investments, economic activities, and development in designated areas like SMTT IT Park.