Law Summary
Subject and Designation
- The building designated is known as the McKinley Exchange Corporate Center.
- Its designation is governed by RA No. 7916 and its amendments, Implementing Rules and Regulations, and specific PEZA resolutions (No. 00-411 s. 2000, amended by Nos. 11-006 s. 2011 and 14-028 s. 2014).
- The designation qualifies the building as an Information Technology Center under the law.
Location and Description of the Property
- The property is located along McKinley Road corner Epifanio Delos Santos Avenue in Makati City.
- It covers an area of approximately 4,513 square meters.
- The land is identified as Lot 1-A, subdivision plan PSD-00-063922, a portion of Lot 1, PSD-00-041341.
Boundaries and Technical Description
- Northern and Northeastern boundaries include Lot 1-B (Road Widening), Lot 1-E (McKinley Drive), and Lot 2 (LRC PSD-6298).
- Southeastern, Northeastern boundaries adjoining Lot 3 (Manila Electric Company) and Street Lot 4.
- Technical description lists precise bearings and distances defining the perimeter with multiple reference points.
Legal and Administrative Effect
- The designation as an IT Center enables the application of incentives and regulations under the Special Economic Zone Act.
- The proclamation carries the force of law establishing the building's special economic character.
- It supports the promotion and development of IT-related activities within the designated area.
Formal Execution
- The proclamation was signed and sealed by the President of the Philippines and the Executive Secretary.
- The signing took place in Manila on October 24, 2014.
This comprehensive legal document establishes the McKinley Exchange Corporate Center as a recognized Information Technology Center pursuant to relevant laws and regulations, defining its location, legal status, and administrative framework for special economic incentives and governance.