Law Summary
Location and Description
- The IT Center is located at Barangay Tejero, Rosario, Cavite on Luzon Island.
- The facility occupies a gross floor area of approximately 57,559 square meters.
- It is established on a parcel of land measuring 54,889 square meters.
Technical Land Description
- Land identified under Transfer Certificate of Title (TCT) No. 057-2010000262, Block 01 PCS-04-020630.
- Situated in Barangay Tejero within Rosario Municipality, Cavite Province.
- The boundaries include easements and road lots as detailed in the official consolidation-subdivision plan.
- Survey bearings and points correspond to historical and recent surveys conducted between 1905 and 2005.
Legal Instruments and Resolutions Governing the Designation
- Designation conforms with RA No. 7916 and its Amendments, including Implementing Rules and PEZA Board Resolutions No. 00-411, 05-341, 08-445, and 10-543.
- These resolutions form the regulatory framework for the establishment and operation of economic zones, specifically IT Centers like this one.
Authority and Confirmation
- The Proclamation is officially signed by President Benigno S. Aquino III.
- Sealed by the Republic of the Philippines.
- Certified and countersigned by the Executive Secretary, Paquito N. Ochoa Jr.
Legal Implications
- SM City Rosario I.T. Center benefits from incentives, regulations, and privileges provided under the Special Economic Zone Act.
- The establishment as an IT Center encourages technological development and economic growth in Rosario, Cavite.
- Invites businesses to utilize the facility under the legal framework of economic zones promoting IT industries.