Subject of the Proclamation
- The building designated as an Information Technology (IT) Center is named "The Space."
- The building has a gross floor area of 14,676 square meters.
- The structure stands on a parcel of land measuring 3,922 square meters, more or less.
Location and Description of the Land
- Situated at A.S. Fortuna corner P. Remedio Street, Banilad, Mandaue City, Cebu.
- The land is identified as Lot 347-B, Psd-07-085640.
- Covered by Transfer Certificate of Title No. 111-2014002741.
- The land forms part of the Barangay Banilad, City of Mandaue, Province of Cebu, Island of Cebu.
Boundaries and Technical Description
- The land is bounded by several lots, namely Lot 350 (NE), Lot 348 (NE), Lot 345 (SE), Lot 347-A (SW), and Lot 347-C (NW).
- The technical description includes the bearing and distances between points defining the perimeter of the lot.
- The survey marks are either old PS cylindrical concrete monuments for points 1, 2, and 3 or smaller PS cylindrical concrete monuments for the other points.
- Bearings indicated are true and based on a cadastral survey conducted between September and October 1911.
- The subdivision survey amendment was conducted on 27 August 2009 and approved on 22 June 2012.
Applicable PEZA Resolutions
- The proclamation is subject to provisions of RA No. 00-411 (s. 200), as amended by various PEZA Board Resolutions Nos. 11-066 (s. 2011), 15-240 (s. 2015), and 16-001 (s. 2016).
Formalization and Effectivity
- The proclamation is signed by the President, Rodrigo Roa Duterte.
- The Executive Secretary, Salvador C. Medialdea, attests the document.
- The legal seal of the Republic of the Philippines is affixed.
- The proclamation was executed in Manila on August 9, 2017.
Legal Significance
- The designation creates a recognized Information Technology Center under the special economic zone framework.
- It allows the building and its occupants to enjoy incentives and benefits under RA No. 7916 and related regulations administered by PEZA.
- Establishing such centers fosters IT sector growth, investment, and development in designated areas within the Philippines.