Designation and Location
- A parcel of land is officially created and designated as an Information Technology (IT) Park.
- The area is located at Don Carlos Hilado Avenue corner F. Gonzaga Avenue, Bacolod City.
- The IT Park is named Villa Angela Techno Park.
Area and Description of the Land
- The IT Park covers an area of approximately 42,591 square meters.
- The land is identified as Lot 1 Pcs-06-004907 and is a portion of a consolidation-subdivision survey involving multiple lots and blocks within Barangay Villamonte, City of Bacolod, Island of Negros.
Technical Boundaries and Survey Information
- The boundary of the parcel is meticulously described with reference to adjoining lots, road lots, and precise survey lines and bearings.
- Survey marks and bearings are true and were established and approved in surveys conducted in 2006 and 2009, respectively.
Legal and Administrative Framework
- The designation is subject to the provisions of Republic Act No. 7916 as amended, its Implementing Rules and Regulations (IRR), and relevant resolutions from the PEZA Board of Directors (Resolution Nos. 00-411, 04-295, and 13-499).
Purpose and Effect
- The creation and designation as an IT Park aims to develop the specified land into a special economic zone focused on information technology industries.
- This provides the legal basis for the administration, development, incentives, and regulatory oversight under the PEZA and the applicable special economic zone laws.
Official Enactment
- The proclamation is signed by the President of the Philippines and attested by the Executive Secretary.
- The official issuance occurred in Manila on April 4, 2014, and the proclamation carries the seal of the Republic of the Philippines.
Summary
- This proclamation formally creates the Villa Angela Techno Park as an IT Park under Philippine law, with precise boundaries and intended regulatory framework.
- The area is legally recognized as a special economic zone promoting technology-oriented business and investment under PEZA's jurisdiction.