Law Summary
Legal Authority and Framework
- The proclamation is issued by the President of the Philippines under the authority granted by RA No. 7916 and its amendments.
- It follows recommendations from the Philippine Economic Zone Authority (PEZA) Board of Directors.
- The special economic zone designation is subject to the provisions of RA No. 7916, its Implementing Rules and Regulations (IRR), and specific resolutions by the PEZA Board (Resolutions No. 00-411, 11-066, 15-240, 16-188, and 17-472).
- This legal framework defines the scope and operational guidelines for the SEZ.
Technical Description of Lot 1
- Lot 1 is covered by Transfer Certificate of Title (TCT) No. 164-2013005505.
- Located in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
- Boundaries are carefully described with reference to adjacent lots, access roads, and reserved lots.
- The lot covers approximately 2,305 square meters.
- Detailed geographic bearings and distances are described, based on surveys conducted from 1907 and a subdivision survey in 2000.
- Physical markers such as P.S. cylinder concrete monuments are noted for boundary identification.
Technical Description of Lot 2
- Lot 2 is covered by Transfer Certificate of Title (TCT) No. 164-2013005504.
- Also situated in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
- Boundaries defined with reference to neighboring lots and reserved access areas.
- The lot encompasses approximately 2,818 square meters.
- Bearings, distances, and survey data are provided from the original 1907 survey and the 2000 subdivision survey.
- Boundary markers include various sized P.S. cylinder concrete monuments.
Effectivity and Certification
- The proclamation is executed and sealed by the President of the Philippines.
- The official authorization includes the signature of the Executive Secretary, affirming its validity.
- The designation of the special economic zone takes effect as of the stated date in November 2017.
- This legal instrument serves as the basis for applying the rules and incentives associated with PEZA-designated zones in the specified location.