Law Summary
Legal Basis and Authority
- The creation of the zone is authorized under the powers vested by RA No. 7916, as amended.
- The action was upon recommendation by the Philippine Economic Zone Authority (PEZA) Board of Directors.
- Complies with PEZA Board Resolutions Nos. 00-411 (s.2000), 11-066 (s.2011), 15-240 (s.2015), 17-472 (s.2017), 17-676 (s.2017), and 19-411 (s.2019).
Geographical Description and Area
- The total aggregate area designated as the zone is approximately 7,000 square meters.
- The land parcels identified are:
- Lot 2-A-5-A-1 (LRC) Psd-274884, TCT No. 057-2016075126, with an area of approximately 3,500 square meters.
- Lot 2-A-5-A-2 (LRC) Psd-274884, TCT No. T-1193451, also about 3,500 square meters.
Specific Boundaries and Survey Details
- Lot 2-A-5-A-1 is bounded by other lots on the west, northeast, southeast, and southwest, with the southeast boundary along National Road (20m wide).
- Lot 2-A-5-A-2 shares boundaries with adjacent lots and the National Road on the southeast side.
- Survey bearings and distances detail exact parcel boundaries, reflecting true bearings and historical surveys:
- Original surveys conducted on August 10-11, 1911.
- Subdivision/consolidation surveys dated November 19, 1977.
Compliance and Implementation
- The proclamation is signed by the President of the Philippines, Rodrigo Roa Duterte, and countersigned by the Executive Secretary.
- The Special Economic Zone is subject to the provisions of RA No. 7916, its Implementing Rules and Regulations, and applicable PEZA regulations.
Legal and Official Formalities
- The document bears the official seal of the Republic of the Philippines.
- The designation took effect with proclamation signed in Manila on August 5, 2021.
This comprehensive designation firmly establishes the CBC Asia Technozone as a recognized Special Economic Zone, providing clear geographic description, legal authority, and compliance requirements.