Legal Authority and Basis
- The proclamation is issued under the powers vested by RA No. 7916 and its amendments.
- It adheres to the Implementing Rules and Regulations of RA No. 7916 and resolutions passed by the Philippine Economic Zone Authority (PEZA) Board of Directors.
- The designation follows recommendations from the PEZA Board.
Description and Location of the Land
- The land parcel is identified as Lot 2 Psd-03-225419, a portion of TCT No. 393163-R.
- Situated in Barangay Camachiles, Mabalacat, Pampanga, part of the territorial enclave formerly of Barangay Mabiga and Dau.
- Bounded by several lots and roads with precise technical description of the boundaries, points, and bearings.
- Original survey dates from February to September 1916; latest survey conducted on January 04, 2017, and approved February 24, 2017.
Specifics of Technical Description
- The technical description details corner points, lengths, and bearings defining the perimeter of the parcel.
- The land features precise boundary lines with multiple specific points enumerated (points 1 to 68).
- Bearings are true bearings, ensuring precise geospatial identification.
Legal Formalities and Execution
- The proclamation is signed by the President of the Philippines, Rodrigo Roa Duterte, and countersigned by the Executive Secretary, Salvador C. Medialdea.
- The seal of the Republic of the Philippines is affixed to authenticate the document.
- The act was done in Manila on January 29, 2019.
Reference to Applicable Resolutions and Regulations
- References include PEZA Board Resolutions Nos. 00-411, 04-295, 16-513, and 18-274 which provide rules governing the designation and operation of the economic zone.
- The procedural framework ensures compliance with statutory and administrative mandates relating to economic zones and information technology parks.
Purpose and Implications
- The creation of the Information Technology Park aims to promote IT-related economic activities in the region.
- Benefits conferred by the designation include incentives and facilitation consistent with RA No. 7916 and PEZA regulations.
- The land’s designation supports national development goals in fostering investments in special economic zones.