QuestionsQuestions (PROCLAMATION NO. 884)
It is based on the President’s powers under Republic Act (RA) No. 7916 (Special Economic Zone Act of 1995), as amended by RA No. 8748, pursuant to the recommendation of the PEZA Board of Directors.
To create and designate a building located at Lot 7, Block 5, 32nd Street, City Center North, Bonifacio Global City, Taguig City, as an Information Technology (IT) Center under RA 7916 as amended.
The Board of Directors of the Philippine Economic Zone Authority (PEZA).
It is to be known as One World Place.
At Lot 7, Block 5, 32nd Street, City Center North, Bonifacio Global City, Taguig City.
One Thousand Seven Hundred Ninety (1,790) square meters, more or less.
It provides the lot and plan identification (e.g., Pcs-00-012537) and a long boundary/coordinate description, including bearings and survey approval details.
SE along line 1-2 by Lot 6, Block 5; SW along lines 2-3-4-5 by Road Lot 26 of Pcs-00-011796; NW along line 5-6 by Lot 8, Block 5; NE along line 6-1 by Lot 4, Block 5 (Res. Access Lot).
Resolution No. 00-411 (s. 2000), as amended by Resolution 11-006 (s. 2011), and Resolution 12-639 (s. 2012).
Under RA 7916 as amended by RA 8748, and its Implementing Rules and Regulations (IRR), as well as applicable PEZA board resolutions.
It combines (1) statutory authority under RA 7916 as amended, (2) PEZA Board recommendation, (3) designation as an IT Center under RA 7916/IRR, (4) specific property identification and technical description, and (5) reference to PEZA resolutions governing implementation.