Designation of SM Cyber West Avenue as IT Center

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PROCLAMATION NO. 848: Designation of SM Cyber West Avenue as IT Center

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Title Source: Supreme Court: Designation of SM Cyber West Avenue as IT Center

Law: Proclamation No. 848

Decision Date: Aug 8, 2014

President Benigno S. Aquino III designates a building in Quezon City as an Information Technology Center, in accordance with the Special Economic Zone Act of 1995, based on the recommendation of the Philippine Economic Zone Authority.

Law Summary

Creation and Designation of an IT Center

The law creates and designates a specific building as an Information Technology (IT) Center.
The designated IT Center is known as "SM Cyber West Avenue".
The building is located along EDSA corner West Avenue and Bulacan Street, Quezon City.

Land Description and Location

The IT Center stands on two parcels of land with a combined area of approximately 2,909.50 square meters.
Both parcels are situated in the District of Diliman, Quezon City.

Parcel Details (Lot 1, Block W-24, Bsd-10781)

Lot 1 is a portion of Lot RP 3-B-2-C-2 of Plan Bsd-10532.
It covers an area of 1,515.20 square meters.
It is bounded by highway 54, West Avenue, and other subdivision lots.
The boundaries are precisely described using bearings and distances from known survey points.
Markers such as boundary monument coordinates are specified for accuracy.

Parcel Details (Lot 2, Block W-24, Bsd-10781)

Lot 2 is also a portion of Lot RP 3-B-2-C-2 of Plan Bsd-10532.
It covers an area of 1,394.30 square meters.
Bounded by highway 54, Lot 1, other subdivision lots, and Road Lot 28.
Boundaries are similarly described with bearings and measurements.
Ground markers and official survey dates are identified for legitimacy.

Formalizing and Effectivity of Designation

The Proclamation is signed by the President of the Philippines, Benigno S. Aquino III.
The Executive Secretary, Paquito N. Ochoa, Jr., also signed to formalize the issuance.
The designation took effect on August 8, 2014, with the official signing in Manila.

Legal and Administrative Implications

The designation subjects the building and land parcels to the special economic zone laws and PEZA regulations.
As an IT Center, the site may receive benefits and incentives under RA No. 7916 and its amendments.
The Proclamation facilitates the promotion of IT-related business and economic activities within this zone.
The detailed technical descriptions ensure clear legal boundaries for the application of economic zone privileges and obligations.

END