Subject and Nature of the Designated Property
- The designation involves a building known as MDC 100.
- It is located at the corner of E. Rodriguez Jr. Avenue (C-5 Road) and Eastwood Avenue, Barangay Bagumbayan, Quezon City.
- The building stands on a parcel of private land measuring approximately 3,333.33 square meters.
Description and Location of the Land Parcel
- The land is described as Lot 1 according to consolidation-subdivision plan Pcs-00-009584, part of a larger parcel described in earlier plans.
- It is situated in Barangay Bagumbayan, Quezon City on the island of Luzon.
- The parcel is bounded by various lots and road lots as specified, with precise bearings and distances.
- The technical description includes metes and bounds with points marked on official plans and ground markers.
Legal Instruments and References
- The designation complies with R.A. 7916 as amended, its Implementing Rules and Regulations.
- It references Board Resolution No. 00-411 dated December 29, 2000, and Board Resolution No. 08-315 dated June 26, 2008.
- The ground markers and survey details are based on surveys conducted between 1920–1921 and the consolidation-subdivision survey of 2000.
Formalization and Effectivity
- The Proclamation was issued and signed by the President of the Philippines on November 21, 2008.
- The document was sealed with the official seal of the Republic of the Philippines.
- The Executive Secretary endorsed the proclamation to formalize the designation.
Implications of the Designation
- By designating the building as an Information Technology Center, it qualifies for the benefits and incentives provided under the Special Economic Zone Act.
- This includes regulatory and fiscal incentives aimed at promoting information technology and related industries in the designated area.
- The designation supports economic development objectives by officially recognizing the building as part of the national economic zone framework.