Creation and Designation of Information Technology Park
- Several parcels of land in Quezon City are designated as an Information Technology Park.
- The park is officially named Vertis North.
- Location: Along Epifanio Delos Santos Avenue, North Triangle, Quezon City.
- Total land area: Approximately 98,798 square meters.
Description of Parcels Covered
- The proclamation details specific parcels including:
- Lot 1: Covered by Transfer Certificate of Title (TCT) No. 004-2015011430.
- Lot 7-B-10 (Reserved Access Lot): Covered by TCT No. 004-2013011218.
Technical Description and Boundaries
- Detailed metes and bounds of the parcels are described with points and courses referencing bearings and distances.
- Boundary lines are indicated with adjoining lots and reserved access lots.
- Survey details include the use of P.S. cylinder concrete monuments as markers.
- Surveys conducted and consolidated by Geodetic Engineer Cristina M. Baldo on September 2, 2015.
Legal Effects and Implementation
- Land parcels are subject to provisions of RA No. 7916 and its implementing rules.
- The designation enables the parcels to operate as a special economic zone focused on information technology.
Administrative and Formal Requirements
- The proclamation was signed and sealed by the President of the Philippines and countersigned by the Executive Secretary.
- Date of issuance: November 6, 2017, City of Manila.
These provisions solidify the creation of a designated IT park within a strategic urban location to promote economic development under the special economic zone framework governed by RA No. 7916 and PEZA oversight.