Creation of Ayala IT Park in Makati City

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PROCLAMATION NO. 422: Creation of Ayala IT Park in Makati City

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Title Source: Supreme Court: Creation of Ayala IT Park in Makati City

Law: Proclamation No. 422

Decision Date: Jul 14, 2003

Proclamation No. 422 designates a parcel of land in Ayala Triangle, Makati City as an Information Technology (IT) Park, in accordance with the Special Economic Zone Act of 1995, as amended, and based on the recommendation of the Philippine Economic Zone Authority (PEZA).

Law Summary

Designation and Location

A parcel of land in the private domain is created and designated as an Information Technology (IT) Park.
The location is at Ayala Triangle, Barangay Bel-Air, Makati City.
The designated area measures approximately 50,145 square meters.

Technical Description and Boundaries

The land is identified as Lot 2, PCS-007602-005069-D, a portion of consolidated Lots 1 & 2 of Psd-007602-021226-D, recorded in LRC Rec. No. 2029.
Situated in Barangay Bel-Air, Makati City (Metro Manila), Luzon island.
Boundaries are clearly defined with streets and lots, including Makati Avenue, Ayala Avenue, and Paseo de Roxas, with respective widths of 35 meters, 45 meters, and 35 meters.
The technical description specifies precise points, bearings, and distances based on surveys dated from 1923 to 1993.

Survey and Approval

Original survey conducted December 10, 1923, to January 9, 1924 (Psu-41347).
Subdivision survey conducted August 1, 1993, and approved on October 1, 1993.
The boundaries and points are marked and indicated on the official plan.

Legal Effect and Declaration

The proclamation formalizes the creation and designation of the said parcel of land as an IT Park.
The declared IT Park is subject to the provisions of Republic Act No. 7916 as amended, its implementing rules, and PEZA resolutions.

Execution and Authentication

The proclamation is signed by then-President Gloria Macapagal-Arroyo.
The seal of the Republic of the Philippines is affixed.
The proclamation was executed in Manila on July 14, 2003.
The Executive Secretary, Alberto G. Romulo, countersigned the document.

END