Location and Technical Description
- The building is situated on a parcel of private land located at 167 Epifanio Delos Santos Avenue, Mandaluyong City.
- The parcel covers an area of approximately Two Thousand Three Hundred Eighty-One (2,381) square meters.
- The lot is designated as Lot No. 9, Block No. 7, as per consolidation and subdivision plans referenced in the law.
- Detailed boundary descriptions are provided, including neighboring lots and roads, with specific coordinates and measurements.
Legal Basis and Compliance
- The designation follows provisions and regulations under RA No. 7916, its Implementing Rules and Regulations, as well as PEZA Resolutions No. 00-411 (2000), 11-066 (2011), and 11-130 (2011).
- True bearings and accurate surveying details date back to surveys conducted between 1920 and 1954, ensuring legal and technical compliance.
Authority and Effectivity
- The proclamation is signed and sealed by the President of the Philippines, Benigno S. Aquino III.
- The Executive Secretary, Paquito N. Ochoa, Jr., attests the document by authority of the President.
- The legal instrument took effect upon signing on March 30, 2012, in Manila.
Importance and Legal Impact
- The designation promotes the development of Information Technology Centers under the framework of PEZA and special economic zones.
- It allows the building to benefit from incentives and regulatory standards established for information technology centers under Philippine law.
- This supports economic investments and technological growth aligned with national development policies.