Law Summary
Designation and Location
- The Blue Wave Marikina building is officially created and designated as an Information Technology Center.
- The location is along Sumulong Highway corner G. Fernando Avenue, Marikina City.
Land Description and Technical Boundaries
- The designated area is a parcel of private domain land with a total area of 7,624.07 square meters.
- The land is part of Lot 6, Pcs-34498, situated in Barangay Sto. Nino, Marikina City, Metro Manila.
- Detailed boundaries are described with reference to adjacent lots and roads:
- Northeast boundary: Lot 6-B of the subdivision plan.
- Southeast boundary: Lot 6-B-2 (LRC) Psd-317544.
- Southwest boundary: Lot 8 (LRC) Pcs-25783 along Sumulong Highway.
- Southwest boundary: Lot 9 (LRA) Pcs-34498 along Fernando Avenue.
- Specific measurements and directions are provided for the perimeter through points 1 to 12.
Legal Effect and Implementation
- The proclamation formalizes the Blue Wave Marikina as an Information Technology Center, subject to the provisions of RA 7916 as amended.
- It is also governed by PEZA Resolutions No. 00-411 and No. 08-269.
- The proclamation includes the official marking and survey of the designated land.
Administrative and Formal Procedures
- The declaration was signed and sealed by the President of the Philippines.
- The Executive Secretary countersigned the proclamation, adding to its formal validity.
- The date and place of effectivity are recorded as Manila, September 8, 2008.