Law Summary
1. Legal Authority
- Explanation: The proclamation is issued under the authority granted by Republic Act (RA) No. 7916, also known as the "Special Economic Zone Act of 1995," and its amendments through RA No. 8748.
- Key Definitions:
- Special Economic Zone: A designated area where business and trade laws differ from the rest of the country to encourage economic activity.
- Cross-References:
- Republic Act No. 7916
- Republic Act No. 8748
2. Designation Details
- Explanation: The A.D. Gothong IT Center, located in Subangdaku, Mandaue City, is officially designated as a Special Economic Zone (Information Technology Center).
- Key Requirements:
- The building has a gross floor area of 9,821.37 m².
- The land area designated totals approximately 1,987 m².
- Important Provisions:
- Subject to provisions of RA No. 7916 and its Implementing Rules and Regulations.
- Includes adherence to several resolutions from the Philippine Economic Zone Authority (PEZA) Board of Directors.
3. Description of Land Parcels
- Explanation: Specific technical descriptions of the land parcels included in the designation are provided.
- Key Definitions:
- Lot: Refers to defined parcels of land within the boundary of the designated Special Economic Zone.
- Important Details:
- Lot 1: TCT No. 61033, area of 104 m².
- Lot 2: TCT No. 56358, area of 537 m².
- Lot 3: TCT No. 59420, area of 554 m².
- Lot 4: TCT No. 59419, area of 298 m².
- Lot 2623-B-3-D: TCT No. 111-201004550, area of 494 m².
4. Boundaries and Technical Descriptions
- Explanation: Each lot has specified boundaries and technical descriptions for precise identification.
- Key Requirements:
- Detailed bearings and measurements for each lot.
- Reference to original surveys conducted in 1926 and consolidation surveys executed by Geodetic Engineer Conrado L. Omega in 1988.
- Important Technical Aspects:
- All points of reference are marked on the ground and indicated in plans.
- Bearings and measurements must be accurate and true.
5. Execution and Authority
- Explanation: The proclamation is executed under the authority of the President of the Philippines, Rodrigo Roa Duterte, with the seal of the Republic affixed.
- Key Definitions:
- Executive Secretary: Salvador C. Medialdea, who countersigned the proclamation.
- Important Procedures:
- The proclamation is officially dated January 16, 2018.
Key Takeaways
- Proclamation No. 396 designates A.D. Gothong IT Center as a Special Economic Zone in Mandaue City, promoting economic activity through tailored business regulations.
- Specific land parcels and their dimensions are clearly defined, ensuring precise legal and administrative recognition.
- The proclamation underscores the regulatory framework established by Republic Act No. 7916 and its amendments, with oversight by PEZA and adherence to specific resolutions.