Question & AnswerQ&A (PROCLAMATION NO. 1259)
Proclamation No. 1259 creates and designates the Libran House located at 144 Legaspi Street, Makati City, as an Information Technology Center pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The power is exercised under Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The Libran House is located at 144 Legaspi Street, Barangay San Lorenzo, Makati City, with an area of Nine Hundred Twenty Five (925) square meters, more or less.
The designation was recommended by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The designation follows the provisions of Republic Act No. 7916 (as amended), its Implementing Rules and Regulations, Resolution No. 00-411 dated December 29, 2000 and Resolution No. 06-181 dated April 25, 2006 of the PEZA Board of Directors.
The parcel is bounded on the southwest by Street Lot 4 (Legaspi Street, 17.00m wide), on the northwest by Lot 10, Block 5, on the northeast by Street Lot 5 (Bolanos Street, 10.00m wide), and on the southeast by Street Lot 8 (Herrera Street, 17.00m wide).
The proclamation was signed by then President Gloria M. Arroyo and attested by Executive Secretary Eduardo R. Ermita.
The original survey was conducted from December 10, 1923, to January 9, 1924, and the relocation survey was done on November 5, 2006, approved on December 29, 2006.
The points are marked on the ground by Philippine Survey (PS) cylindrical concrete monuments measuring 15 x 60 centimeters.
Designation as an Information Technology Center provides the building status as a special economic zone or ecozone where registered IT enterprises may enjoy incentives such as tax holidays, customs duty exemptions, and other benefits under RA 7916 and its amendments.