Location and Description of the Property
- The SM Makati Cyberzone is located at No. 69 Jupiter Street, Makati City.
- It consists of three parcels of private land totaling approximately 6,150 square meters.
- The parcels are specifically identified as Lot 1-B, Lot 1-C, and Lot 1-D, each approximately 2,050 square meters.
Detailed Technical Descriptions and Boundaries
- Each lot has detailed technical descriptions including boundaries, adjoining properties, and street names (e.g., Jupiter Street and Buendia Avenue Extension).
- The measurements are specified with geodetic bearings and distances, based on original surveys conducted between 1923-1924 and subdivision surveys in 1973.
- Markers and monuments used for lot identification are also specified (e.g., PLS cylindrical concrete monuments).
Legal and Surveying References
- Lots are identified under their respective Transfer Certificate of Title (TCT) numbers: S-95357 for Lot 1-B, S-95355 for Lot 1-C, and S-95356 for Lot 1-D.
- The lots are located within the Municipality of Makati, Province of Rizal, Island of Luzon.
- Surveys were conducted by licensed Geodetic Engineer Wenceslao B. Calayag.
Governing Rules and Authorities
- The proclamation adheres to the provisions of RA 7916 and its implementing rules and regulations.
- It also references PEZA Board Resolutions Nos. 00-411 (December 29, 2000) and 07-142 (April 18, 2007), which provide additional regulatory framework.
- The Philippine Economic Zone Authority is the governing body overseeing this designation.
Presidential Authority and Execution
- The proclamation was issued and signed by the President of the Philippines, Gloria Macapagal-Arroyo.
- The Executive Secretary, Eduardo R. Ermita, countersigned the document.
- The official actions were done in Manila on January 4, 2008.
Legal Effect
- The designation allows the SM Makati Cyberzone Building to operate as an Information Technology Center within the special economic zones framework.
- Subject properties are formally recognized under the law as part of an IT center eligible for benefits under RA 7916 and its amendments.