Title
Declaration of Convergys Bldg as IT Building
Law
Proclamation No. 874
Decision Date
Jul 5, 2005
President Gloria Macapagal Arroyo designates the Convergys Building in Makati City as an Information Technology Building in accordance with the Special Economic Zone Act, based on the recommendation of the Philippine Economic Zone Authority.

Law Summary

Purpose and Designation

  • The proclamation officially creates and designates the Convergys Building located at the corner of Ayala Avenue and Salcedo Street, Barangay San Lorenzo, Makati City, Metro Manila, as an Information Technology Building.
  • This designation qualifies the building for special economic zone status under IT-BPO (Information Technology-Business Process Outsourcing) incentives as provided by RA 7916 and amendments.

Description and Location

  • The Convergys Building stands on a lot measuring approximately 5,868 square meters.
  • The property is defined through specific technical land descriptions citing consolidation plan numbers and boundaries by adjacent lots and streets within Barangay San Lorenzo, Makati City.
  • The boundary survey dates back to the original survey done in December 1923 to January 1924 and was updated with a consolidation survey completed in 2004.

Geographic and Survey Details

  • Precise bearings and distance measurements define the perimeter of the lot, ensuring an exact and legally binding description of the property.
  • The description includes references to land registration certificates, street lots, and various technical landmarks relevant to confirming the property limits.

Legal Effect and Implementation

  • The designation subjects the Convergys Building to the provisions of the Special Economic Zone Act and its related regulations, facilitating the building’s use and operation as an IT facility under PEZA jurisdiction.
  • This status impacts taxation, customs, and other regulatory schemes beneficial to IT zone enterprises.

Presidential Authority and Formality

  • The proclamation is signed by the President and countersigned by the Executive Secretary.
  • It is issued in Manila and dated July 5, 2005, signifying formal and legal effectivity of the designation.

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