Legal Basis and Applicable Regulations
- The creation and designation are governed by RA No. 7916, its Implementing Rules and Regulations (IRR), and specific PEZA Board Resolutions (00-411 (2000), 04-295 (2004), 19-657 (2019), and 20-131 (2020)).
- These laws and resolutions provide the framework for management, development, and operation of special economic zones and information technology parks.
Description and Location of the Parcel of Land
- The designated land is situated in Block 3, Portion of Lot 6, Pcs-03-019336, Dau, Mabalacat, Pampanga.
- It encompasses an area of approximately 30,431 square meters.
- The land is covered by Transfer Certificate of Title (TCT) No. 045-2014004165.
- Precise geographic boundaries and bearings referencing points and distances from known landmarks are meticulously described to define the parcel.
Survey and Verification
- The technical description and survey of the land were verified by an authorized engineer from the Clark Development Corporation (CDC), confirming accuracy and reliability.
- Survey markers are old Philippine Survey monuments measuring 15 x 60 centimeters.
Effect and Implementation
- The Presidential proclamation formalizes the creation and designation of this IT Park, thereby enabling the land to benefit from the incentives and regulatory environment applicable to special economic zones.
- The proclamation is signed by the President and the Executive Secretary under the authority of the President.
Legal and Administrative Implications
- The designation allows the land to be developed and operated according to the policies set forth in the Special Economic Zone Act and related PEZA resolutions.
- This includes eligibility for fiscal and non-fiscal incentives to attract investment in information technology and related industries.
- The designation also implies that the area is subject to administrative supervision and jurisdiction under PEZA and relevant government agencies dedicated to special economic zones.