Legal Basis and Authority
- The power to create the IT Center is vested in the President of the Philippines under RA No. 7916 (Special Economic Zone Act of 1995) as amended by RA No. 8748.
- Implementation is governed by RA No. 7916, its Implementing Rules and Regulations, and pertinent PEZA Board resolutions (00-411 s. 2000; 11-006 s. 2011; 11-316 s. 2011).
Location and Description of the IT Center
- The designated IT Center is known as the Estancia Mall.
- It occupies a land area of approximately 91,389 square meters.
- The parcel is officially identified as Lot 2 Pcs-00-012828, consolidation-subdivision plan.
- Situated in Barangay Oranbo, Pasig City, Metro Manila, Luzon Island.
Technical Description of the Property
- The law provides detailed metes and bounds of the property.
- Boundaries include Shaw Boulevard (SW), Meralco Avenue (NW), adjacent lots to the NE and SE, and specific blocks and roads.
- The description includes precise directional bearings and distances between points.
- Survey data is based on field surveys conducted on September 8, 2008, and approved on February 20, 2009, by Engineer Jaime L. Garcia.
Compliance and Official Certification
- The designation is made under the seal of the Republic of the Philippines.
- Signed by President Benigno S. Aquino III and Executive Secretary Paquito N. Ochoa, Jr.
- Formalized on September 30, 2014, in Manila.
Relevant Legal and Administrative Framework
- The IT Center designation functions within the regulatory framework of special economic zones.
- Compliance with PEZA resolutions ensures alignment with policies governing IT-related development and incentives.
- The law supports the promotion of the IT industry through geographic and legal recognition of the building as an IT Center.