Description and Boundaries of the Property
- The specific land parcel is identified as Lot No. 104 (residential section "A", Burnham Park).
- The land contains 328,394.39 square meters with detailed metes and bounds covering numerous points defining the perimeter.
- Bounded by various residential and business sections including Blocks 1, 51-a, 69, and business sections "Aa" and "B."
Purpose and Rationale for Transfer
- Burnham Park has evolved into a central amusement area for local and foreign tourists in Baguio City.
- Increasing tourism necessitates centralized planning, development, and management of tourism zones for effective oversight.
- The Philippine Tourism Authority is designated as the knowledgeable government entity to manage these tourism zones.
Authority and Powers of the Philippine Tourism Authority (PTA)
- PTA is granted immediate possession, administration, and control of Burnham Park upon the Decree's approval.
- PTA is empowered to review existing contracts or agreements relating to Burnham Park and terminate those inconsistent with the objectives of the Decree.
- PTA is explicitly prohibited from alienating, mortgaging, or otherwise encumbering the land.
Effectivity and Supersession of Conflicting Laws
- The Decree takes effect immediately upon approval.
- All laws, decrees, proclamations, and executive orders inconsistent with this Decree are revoked or modified accordingly.