Geographic and Technical Definition of the Area
- The designated IT Park area comprises multiple parcels of land totaling approximately 74,010 square meters.
- The parcels cover several lots in Barangay Socorro (Cubao), Quezon City, and adjacent municipalities including San Juan del Monte, Province of Rizal.
- Each parcel is precisely described by technical land survey details such as lot numbers, subdivision plans, boundary lines, survey dates, and landmarks, ensuring legal clarity.
Survey and Boundary Description
- The law includes comprehensive technical descriptions and boundaries for each parcel as per official land titles (Transfer Certificate of Title or TCT).
- Surveys were conducted and approved on varying dates ranging from the 1920s to the early 2000s, performed by licensed geodetic engineers.
- All boundaries are marked by permanent survey monuments, with bearings true to established reference points.
Legal and Administrative Authority
- The creation and designation is made upon the recommendation of PEZA's Board of Directors, affirming administrative compliance.
- The designation aligns with prior PEZA resolutions dated from 2000 to 2007, ensuring the area's inclusion within the Philippine Economic Zone framework.
Purpose and Legal Effects
- The designation as an Information Technology Park aims to promote IT-related economic activities within the defined area.
- It confers the benefits and privileges accorded under RA 7916 and its amendments to entities operating within the Park.
Formalization and Effectivity
- The Proclamation is signed and sealed by the President of the Philippines and the Executive Secretary, formalizing its effectivity.
- The declaration date and place are explicitly noted: March 7, 2008, in Manila.
This detailed legal declaration provides a sound basis for development, regulation, and administration of the designated IT Park area, ensuring adherence to prevailing economic zone laws and policies.