Designation of Libran House as Information Technology Center
- The Libran House, situated on a parcel of private land at 144 Legaspi Street, Makati City, is officially designated as an Information Technology Center.
- This designation aligns with the objectives and regulations under RA 7916 as amended, and PEZA’s relevant resolutions.
Technical Description and Location of the Property
- The property covers approximately 925 square meters.
- The technical description specifies the Lot as Lot 11, Block 5, Rel-00-001209, Barangay San Lorenzo, Makati City, Metro Manila.
- Boundaries are detailed by adjacent streets and lots: Legaspi Street (SW), Lot 10 Block 5 (NW), Bolanos Street (NE), and Herrera Street (SE).
- Coordinates and boundary points are precisely defined including bearings and distances from designated survey points.
Survey and Verification
- The original survey dates back to December 10, 1923 – January 9, 1924.
- A relocation survey was conducted on November 5, 2006, approved on December 29, 2006.
- Survey markers and reference monuments are specified to ensure the accurate demarcation of the property.
Legal Effect and Authentication
- The proclamation is executed and signed by the President of the Philippines, with the seal of the Republic affixed.
- The Executive Secretary attests to this legal act, ensuring its enforceability and recognition.
- The proclamation legally establishes the Libran House as an IT Center under the applicable special economic zone laws and PEZA rules, enabling relevant incentives and regulatory treatment.