Description and Area of Property
- Ore Central Building has a gross floor area of approximately 32,086.63 square meters.
- Land area totals around 2,906 square meters.
- The property consists of two lots, Lot 11 Block 2 and Lot 12 Block 2, with each approximately 1,453 square meters.
Legal Boundaries and Survey Details
- Precise technical descriptions define the boundaries of the lots, including bearings and distances.
- Boundaries are marked by Permanent Survey (P.S.) cylindrical concrete monuments, 15 x 40 cm.
- Original and subdivision surveys conducted in 1907 and 2006-2008 respectively, approved by relevant authorities.
Governing Laws and Regulations
- Subject to the provisions of Republic Act No. 7916 (Special Economic Zone Act of 1995), as amended.
- Compliance with the Implementing Rules and Regulations of RA 7916 and subsequent PEZA Board resolutions (00-411, 11-066, 15-240, 16-243, 17-472).
Authority and Effectivity
- Proclamation issued by the President of the Philippines under legal authority vested by RA 7916 and amended RA 8748.
- Based on recommendation of the PEZA Board of Directors.
- Signed and sealed in Manila on January 23, 2018, by President Rodrigo Roa Duterte and Executive Secretary Salvador C. Medialdea.