Law Summary
Purpose and Nature of Designation
- Several parcels of land located in Barangay Dolores, Taytay, Rizal are designated as an Information Technology (IT) Park.
- The IT Park is to be known as the SMTT IT Park.
- The designation serves economic development goals related to IT and special economic zones.
Location and Aggregate Area
- The SMTT IT Park is situated along Manila East Road, Barangay Dolores, Taytay, Rizal.
- The total area of the IT Park is approximately 24,911 square meters.
Description of Parcels of Land
- The proclamation provides detailed technical descriptions of eight specific parcels of land, identified as Lots 3-A, 3-B, 4, 5, 6, 7, and 8 with corresponding Transfer Certificate of Title (TCT) numbers.
- Each lot description includes precise boundaries, survey dates, bearings, distances, and adjoining lots or features.
- The designation covers parcels ranging in size from 500 square meters to 6,081 square meters.
Survey and Marking Details
- The points marking the boundaries of the lots are indicated on maps and physically marked on the ground with concrete monuments.
- Surveys were originally conducted between 1960 and 1968; subdivision and consolidation plans were approved mostly between 1984 and 1985.
Compliance and Implementation
- The proclamation mandates compliance with existing laws and PEZA resolutions related to special economic zones.
- The parcels shall be managed and regulated in accordance with the Special Economic Zone Act and PEZA regulations.
Executing Authority
- The proclamation is signed by the President of the Philippines, Benigno S. Aquino III.
- The Executive Secretary, Paquito N. Ochoa, Jr., attests the document.
Legal Effect
- Upon publication and execution, the parcels of land officially become designated as an IT Park under the legal framework established by RA 7916 and its amendments.
- This designation potentially entitles the area to fiscal and non-fiscal incentives accorded to PEZA-registered IT Parks.