Designation of Blue Wave Marikina as IT Center

Republic Act No. 7916 (Special Economic Zone Act of 1995), as amended by Republic Act No. 8748, provides the authority for creating and designating information technology centers.
The proclamation is made subject to Republic Act No. 7916 as amended and its Implementing Rules and Regulations.
The proclamation’s designation is based on a recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The proclamation expressly ties the designation to PPA Implementing Rules and Regulations and named board resolutions.

The proclamation cites PPA Implementing Rules and Regulations as the governing implementation framework.
The proclamation references PPA Board of Directors Resolution No. 00-411 dated 29 December 2000.
The proclamation references PPA Board of Directors Resolution No. 08-269 dated 29 May 2008.
The designation is carried out by creating and designating the Blue Wave Marikina as an Information Technology Center within that PPA governance structure.

The proclamation establishes Blue Wave Marikina as an Information Technology Center as a specialized economic development designation under Republic Act No. 7916.
The purpose of the designation is implemented through creation and designation of the named center as an IT center for Information Technology Center operations within the legal framework of the SEZA regime.
The proclamation limits the legal effect of the designation by making it subject to the statutory provisions of Republic Act No. 7916 as amended and its implementing rules.

The proclamation creates and designates a building known as Blue Wave Marikina.
The designation is as an Information Technology Center.
The Blue Wave Marikina is located along Sumulong Highway corner G. Fernando Avenue, Marikina City.
The proclamation identifies the property as standing on a parcel of land of the private domain.

The parcel is described as having an area of Seven Thousand Six Hundred Twenty Four and 07/100 (7,624.07) Square Meters, more or less.
The parcel is identified as a portion of Lot 6, Pcs-34498, situated in Barangay Sto. Nino, Marikina City, Metro Manila.
The proclaimed bounds are:
- NE. along lines 1-2 by Lot 6-B of the subdivision plan;
- SE. along line 2-3 by Lot 6-B-2 (LRC) Psd-317544;
- SW. along lines 3-4 by Lot 8 (LRC) Pcs-25783 (Sumulong Highway);
- SW. along lines 4-12 & 12-1 by Lot 9 (LRA) Pcs-34498 (Fernando Avenue).
The technical description defines starting and successive boundary points:
- Beginning at a point marked "1" on plan, being S. 14 deg. 26'E., 1565.46 m. from BLBM No. 1, Bayanbayanan, Marikina City.
- The boundary then runs through successive courses to return to the point of beginning and contains the stated area.

The designation operates subject to the provisions of Republic Act No. 7916 as amended and its Implementing Rules and Regulations.
The proclamation’s legal effect is conditioned on the referenced PPA Board of Directors resolutions and the governing implementing framework.
The proclamation’s created IT-center designation is thus tied to compliance with the SEZA statutory and regulatory regime covering IT-center establishment and governance.

The proclamation is signed by GLORIA M. ARROYO, with the seal of the Republic of the Philippines affixed.
The attestation is executed by EDUARDO R. ERMITA, Executive Secretary.
The formal signing date is September 08, 2008, with execution in Manila.