Designation of the Building as an Information Technology Center
- A specific building located at 7th Avenue corner 25th St., Bonifacio Global City, Fort Bonifacio, Taguig City, is officially designated as an Information Technology (IT) Center.
- The building is named "Twenty-five Seven McKinley."
- It has a gross floor area measuring 34,382.44 square meters.
Description and Location of the Property
- The building stands on a parcel of land measuring approximately 1,600 square meters.
- Legal description and technical boundaries are provided in detail, including lot and block numbers, subdivision plans, and corresponding Technical description.
- The property is delineated within Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
- Boundaries include various adjacent lots and reserved access and road lots as specified.
Survey and Documentation
- Original survey dates back to 1907; the consolidation subdivision survey was conducted between April 10-15, 1997, and approved on May 21, 1997.
- Survey carried out by licensed engineer A.J. L.L. Botor.
- Landmarks and points are marked on the ground with concrete monuments.
Legal Effect and Execution
- The proclamation formalizes the creation and designation of the building as an IT Center.
- The seal of the Republic of the Philippines is affixed, giving it formal and legal effect.
- Signed by the President and the Executive Secretary, reflecting executive endorsement and authority.
Relevant Legal Instruments Cited
- Republic Act No. 7916 (Special Economic Zone Act of 1995), as amended.
- Republic Act No. 8748.
- PEZA Board resolutions 00-411 (2000), 11-066 (2011), 15-240 (2015), and 15-163 (2015).
This proclamation essentially elevates a designated building within Bonifacio Global City as a recognized Information Technology Center under Philippine special economic zone laws, thereby subjecting it to applicable incentives and regulatory frameworks intended for such economic zones and IT Centers.