Designation of Location as Information Technology Center
- A building situated at the corner of Abanao and Zandueta Streets, Baguio City, is officially created and designated as an Information Technology Center.
- The designated area is approximately 1,350 square meters.
- The center is referred to as Abanao Square.
Description and Boundaries of the Parcels of Land
- The property comprises several parcels (Lot 3, Lot 4, Lot 9, all Block 2, Rs-CAR-000033), situated at Baguio City, Luzon Island.
- Detailed land boundaries and bearings are specified for each lot:
- Lot 3 covers approximately 450 square meters, bounded by Lots 9 and 2, and Zandueta Street.
- Lot 4 covers approximately 450 square meters, bounded by Lot 3, Zandueta Street, Abanao Street, and Lot 9.
- Lot 9 covers approximately 450 square meters, bounded by Lot 4, Abanao street, Lot 10, Lot 5, Lot 2, and Lot 3.
- Survey points are physically marked, bearings are true, and surveys were conducted by Engr. James L. Tom.
- The surveys were approved on March 10, 2000.
Compliance and Legal Formalities
- The enactment includes adherence to PEZA Board Resolutions 00-411 (2000), 11-066 (2011), and 12-582 (2012).
- The proclamation is officially executed with the signature and seal of the President of the Philippines.
- Date and place of enactment: April 23, 2013, City of Manila.
Key Legal Implications
- The designation grants the building a special economic zone status as recognized under RA 7916 and its amendments.
- This status may provide benefits such as tax incentives and regulatory preferences to entities operating within the Information Technology Center.
- Ensures that operations comply with PEZA rules and Philippine economic zone laws.