Purpose and Nature of the Designation
- The proclamation creates and designates the JY Square IT Center III in Cebu City as an Information Technology Center.
- This designation enables the area to benefit from incentives and regulations applicable to IT centers under the aforementioned laws.
Location and Description of the IT Center
- The center is situated at Salinas Drive, Barangay Lahug, Cebu City, Island of Cebu.
- Comprises two parcels of land with specific technical descriptions:
- Lot 2-C-2-A (TCT No. T-70836): 1,161 square meters approximately, detailed boundary lines and bearings provided.
- Lot 2-C-2-C (TCT No. 70838): 4,139 square meters approximately, precise boundary demarcations also described.
- The parcels are described based on official surveys dated August 1906-July 1907 and subdivision surveys of March 22, 1978.
Technical Description and Survey Data
- Boundaries include adjacent lots and streets with exact bearings and distances.
- Landmarks such as concrete monuments are designated for points indicated on the plan.
- Survey records are maintained under the Land Registration Authority and documented in the Land Registry Office.
Legal Effect and Formalization
- The proclamation is formally executed with the President's signature and the seal of the Republic of the Philippines.
- Date and place of enactment: Manila, September 21, 2006.
- The Executive Secretary certified the proclamation.
Summary of Key Legal Concepts
- Utilizes special economic zone legislation to promote IT development and investment.
- Establishes clear jurisdictional boundaries for the IT center.
- Ensures compliance with PEZA governing rules and resolutions.
- Provides framework for potential tax incentives, operational regulations, and administrative oversight specific to IT centers in the Philippines.