Creation of Special Economic Zone in Cagayan de Oro

Republic Act No. 7916 establishes the legal authority for the creation and designation of special economic zones.
Republic Act No. 8748 amends Republic Act No. 7916 and forms part of the governing statutory basis for the designation.
The proclamation is issued pursuant to the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The proclamation binds the designation to compliance with Republic Act No. 7916 and its Implementing Rules and Regulations.

Resolution No. 00-411 (s. 2000) is incorporated as part of the governing PEZA Board framework for the zone designation.
Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), and 17-472 (s. 2017) are incorporated as part of the PEZA Board framework for the zone designation.
Resolution No. 16-727 (s. 2016) is incorporated as part of the PEZA Board framework for the zone designation.
All incorporated resolutions operate as the PEZA Board basis for the designation subject to Republic Act No. 7916 and its Implementing Rules and Regulations.

The proclamation creates and designates a Special Economic Zone consisting of a specific building and the parcel of land upon which it stands.
The building is known as Limketkai Mall Module-2 BPO & Cyberpark Building.
The building has a gross floor area of Thirty-Two Thousand Six Hundred Seventy-Six and 21/100 square meters (32,878.21 m²).
The land parcel is located in Lapasan, Cagayan de Oro City and has an area of Sixteen Thousand Three Hundred Sixty Square Meters (15,360 m²), more or less.
The land is described as Lot 1-C, Psd-10-013961, covered by TCT No. T-58751 (as a portion of Lot 1, Pcs-10-000626).

The parcel lies in the Barrio of Lapasan and Poblacion, City of Cagayan de Oro, Island of Mindanao.
The lot is bounded on the SW and NW along lines 2-3-4-5-6-7-8-9-10-11 by Road Lot, Psd-10-005434.
The lot is bounded on the NE along lines 16-17-18-19-20-21 by Road Lot 3, Pcs-10-000828.
The lot is bounded on the E along line 21-22 by Lot 1-D, on line 22-1 by Lot 1-A, and on the S along line 1-2 by Lot 1-B.
The parcel is tied to subdivision plan Psd-10-013961 and begins at a point marked a1a with specified distance and bearing from BBM No, 4, Cad-237, Cagayan Cadastre.

The proclamation specifies the parcel’s course using bearings and distances between Points 2 through 22.
The boundary is traced through the following specified sequence of directional segments: S. 86° 43' W., 110.12 m to point 2; N. 19° 42' W., 56.37 m to point 3; and further segments through points 4 to 22 using the bearings and distances stated.
The described closing segments include S. 03° 17' E., 129.54 m to point 22 and S. 03° 17' E., 16.00 m to the point of beginning.
The proclamation states the area as Sixteen Thousand Three Hundred Sixty square meters (16,380 m²), more or less as part of the technical description.
All points referenced are indicated on the plan and marked on the ground using the markers described (including references to PS and old PS cyl. conc. mons. 15 x 40 cm.).
Bearings are specified as true, and survey dates are stated as November 1926 - July 1932 for the original survey and 10 August 1990 for the subdivision, approved on 17 September 1990.

The building and parcel of land are designated as Special Economic Zone (Information Technology Center).
The designation is made pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748, and remains subject to Republic Act No. 7916 and its Implementing Rules and Regulations.
The proclamation expressly treats the designated zone as consisting of both the building and the land upon which the building stands.
The designation operates under the PEZA Board framework through the incorporated PEZA Board of Directors resolutions named in the proclamation.