Designation and Purpose of the I-Square Building
- The I-Square Building is created and designated as an Information Technology Center.
- It will serve as a special economic zone dedicated to IT-related enterprises.
- The physical structure is planned to have a gross floor area of approximately 23,899 square meters.
Location and Land Description
- Situated on a parcel of land located at Meralco Avenue, Ortigas Center, Pasig City.
- The land area measures approximately 1,749 square meters.
- Technical description details Lot 4, Block 3, of subdivision plan LRC PSD-105493, including precise boundary points and bearings.
- The lot is part of Barrio Oranbo, Pasig Municipality, Rizal Province, Luzon Island.
- Land is bounded by Road Lots and neighboring Lots 3 and 5, with detailed metes and bounds.
Survey and Technical Details
- Boundary markers are Philippine Survey points (PS cylinder concrete monuments, 15 x 60 cm).
- Bearings are true with declination noted at 0° 50' East.
- Original surveys date back to 1920-1921, with subdivision surveys from 1969.
Official Execution and Effectivity
- The proclamation was signed by then President Benigno S. Aquino III.
- Officially executed in Manila on October 26, 2011.
- The seal of the Republic of the Philippines was affixed, giving full legal effect.
Regulatory Framework and Compliance
- Subject to compliance with RA No. 7916, as amended, and its Implementing Rules and Regulations.
- Adheres to conditions mandated by PEZA resolutions relevant to economic zones and IT centers.
- Compliance includes adherence to land use, operational standards, and incentives provisions offered under Philippine economic zone laws.