Legal Basis and Referenced Regulations
- The proclamation relies on the powers granted under Republic Act No. 7916, as amended.
- It is also subject to the Implementing Rules and Regulations (IRR) of the act.
- Additional compliance includes PEZA Board Resolutions No. 00-411 dated December 29, 2000, and No. 04-387 dated November 22, 2004.
Description of the Property
- The JG Summit Center stands on two adjacent parcels of private land with a combined area of approximately 2,430 square meters.
- Both parcels are located in Barangay Bel-Air, Makati City, specifically at 6783 Ayala Avenue.
Technical Details of the Land Parcels
Lot 12, Block 3 (TCT No. 197346):
- Area: About 1,230 square meters.
- Boundaries: Adjacent to Lot 30 Block 3 (NE), Lot 11 Block 3 (SE), Street Lot 1 (Southwest, Ayala Avenue), Lot 13 Block 11 (NW).
- Located within municipal limits of Makati, Rizal Province.
- Land survey dates: Initial survey (Dec 10, 1923 - Jan 9, 1924), subdivision survey (Oct 12-22, 1958).
Lot 13, Block 3 (TCT No. 197347):
- Area: About 1,200 square meters.
- Boundaries: Adjacent to Lot 30 Block 3 (NE), Lot 12 Block 30 (SE), Street Lot (Ayala Avenue, SW), Lot 14 Block 3 (NW).
- Located within municipal limits of Makati, Rizal Province.
- Land survey dates: Initial survey (Dec 10, 1923 - Jan 9, 1924), subdivision survey (Oct 13-22, 1958).
Survey Markers and Boundaries
- Points marking the land parcels are identified on a subdivision plan and are physically marked on the ground by registered Professional Land Surveyors.
- Survey markers consist of cylindrical concrete monuments measuring 15x60 cm or 15x50 cm depending on the lot.
- Bearings are true with a declination of approximately 0 degrees 37 minutes East.
Formalization and Authentication
- The proclamation was signed by the President of the Philippines and countersigned by the Executive Secretary.
- The document bears the official seal of the Republic of the Philippines.
- The declaration was executed in Manila on September 1, 2006.
Implications of Designation
- Designating the building as an Information Technology Center allows it to qualify under special economic zone incentives and regulations governed by PEZA and relevant laws.
- The designation enables the location to benefit from tax incentives and other privileges to encourage Information Technology activities, investment, and development.
This proclamation thus formalizes the government's recognition and support of the JG Summit Center as a hub for information technology, consistent with national laws promoting economic zones and technological advancement.