Law Summary

Creation and Designation of the SLC Building

This section establishes the creation and designation of a building known as the SLC Building, located at 6797 Ayala Avenue, Makati City, as an Information Technology Center under the authority of Republic Act No. 7916, as amended by Republic Act No. 8748.

• Legal Authority:
  • Vested by Republic Act No. 7916 (Special Economic Zone Act of 1995) and its amendments.
  • Executed upon the recommendation of the Philippine Economic Zone Authority (PEZA) Board of Directors.

Description of the Property

This section details the specific parcels of land designated for the SLC Building.

• Location:

  • 6797 Ayala Avenue, Makati City.

• Area:

  • Total area: 2,997 square meters.
  • Lot 4, Block 2: 1,653 square meters.
  • Lot 5, Block 2: 1,344 square meters.

• Technical Description:

  • Lot 4:
    • Bounded by Lot 3 (NE), Street Lot 3 (SE), Ayala Avenue (SW), and Lot 5 (NW).
    • Specific coordinates given for boundary points.
  • Lot 5:
    • Bounded by Lot 2 (NE), Lot 4 (SE), Ayala Avenue (SW), and Lot 6 (NW).
    • Specific coordinates given for boundary points.

Implementing Rules and Regulations

This section outlines the legal framework guiding the designation of the SLC Building as an IT Center.

• Reference Documents:
  • Implementing Rules and Regulations of RA No. 7916.
  • PEZA Board Resolutions No. 00-411 (s. 2000), No. 11-066 (s. 2011), and No. 11-237 (s. 2011).

Signatory and Official Seal

This section confirms the formal execution of the proclamation.

• Execution:

  • Signed by President Benigno S. Aquino III.
  • Affixed with the official seal of the Republic of the Philippines.

• Date of Execution:

  • June 13, 2012, in the City of Manila.

• Authority:

  • By the authority of the President, Executive Secretary Paquito N. Ochoa, Jr. also signed.

Key Takeaways

• The SLC Building is officially designated as an Information Technology Center under the provisions of the Special Economic Zone Act.
• The building is located on two parcels of land totaling 2,997 square meters at 6797 Ayala Avenue, Makati City.
• The designation is supported by specific PEZA resolutions and must comply with existing laws and regulations.
• The official proclamation was executed by the President and the Executive Secretary on June 13, 2012.