Legal Framework and Governing Rules
- The creation and designation are subject to the provisions of Republic Act No. 7916 and its Implementing Rules and Regulations.
- It also adheres to specific PEZA Board Resolutions (No. 00-411 dated December 29, 2000, and No. 07-094 dated February 21, 2007).
Location and Property Description
- The MJ Plaza is located at 106 Valero Street, Salcedo Village, Makati City.
- The building stands on a lot measuring approximately 840 square meters.
- The lot is identified as Lot 4, Block 2, TCT No. 152496, part of a consolidation-subdivision plan covering multiple lots and street parcels in Makati.
Detailed Technical Description and Boundaries
- Boundaries of the lot:
- Northeast: Street Lot 13 (10 meters wide)
- Southeast: Lot 5, Block 2
- Southwest: Valero Street (17 meters wide) and Street Lot 2
- Northwest: Lot 3, Block 2
- The lot is marked on the ground with P.L.S. Cylindrical Concrete Monuments.
- Survey references include:
- The original survey dated December 10, 1923 to January 9, 1924.
- The consolidation-subdivision survey dated August 1-31, 1967.
Formalization and Authority
- The proclamation is signed by the President of the Philippines and countersigned by the Executive Secretary.
- The document serves as an official act formalizing the MJ Plaza's status as an Information Technology Center under existing laws and regulations.
Significant Legal and Administrative Effects
- The designation facilitates the building’s eligibility for incentives and benefits under the Special Economic Zone Act.
- It aligns with government policy to promote information technology development and investment within designated zones.
- It implies compliance with PEZA guidelines for operation and management within economic zones.