Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center
Proclamation No. 1243, issued on March 29, 2016, designates a building located at 20th Drive corner 21st Drive in Bonifacio Global City, Taguig City, as an Information Technology Center under Republic Act No. 7916, also known as the Special Economic Zone Act of 1995. This designation follows the recommendation of the Philippine Economic Zone Authority (PEZA) and encompasses a gross floor area of approximately 35,501.46 square meters across two parcels of land totaling around 2,651 square meters. The proclamation details the technical description and boundaries of the designated property. It aims to promote economic growth and development in the area by establishing a dedicated hub for IT activities.
Quick Answers
- What is Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center about?
- Proclamation No. 1243, issued on March 29, 2016, designates a building located at 20th Drive corner 21st Drive in Bonifacio Global City, Taguig City, as an Information Technology Center under Republic Act No. 7916, also known as the Special Economic Zone Act of 1995. This designation follows the recommendation of the Philippine Economic Zone Authority (PEZA) and encompasses a gross floor area of approximately 35,501.46 square meters across two parcels of land totaling around 2,651 square meters. The proclamation details the technical description and boundaries of the designated property. It aims to promote economic growth and development in the area by establishing a dedicated hub for IT activities.
- What type of law is <--!0000-->Proclamation No. 1243?
- Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center (<--!0000-->Proclamation No. 1243) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center enacted?
- Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center (<--!0000-->Proclamation No. 1243) was enacted on Mar 29, 2016.
- What is the citation for Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center?
- Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center, <--!0000-->Proclamation No. 1243, Mar 29, 2016 (Philippines)
Law Information
- Reference Number
- <--!0000-->Proclamation No. 1243
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 29, 2016
PROCLAMATION NO. 1243
CREATING AND DESIGNATING A BUILDING LOCATED AT 20th DRIVE CORNER 21st DRIVE BONIFACIO GLOBAL CITY, TAGUIG CITY, AS AN INFORMATION TECHNOLOGY CENTER, PURSUANT TO REPUBLIC ACT NO. 7916, AS AMENDED BY REPUBLIC ACT NO. 8748
Pursuant to the powers vested in me under Republic Act (RA) No. 7916,or the "Special Economic Zone Act of 1995," as amended by RA No. 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), I, BENIGNO S. AQUINO III, President of the Philippines, do hereby create and designate a building, subject to the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, Resolution No. 00-411 (s. 2000), as amended by Resolution Nos. 11-066 (s. 2011) and 15-240 (s. 2015), and Resolution No. 14-466 (s. 2014) of the PEZA Board of Directors, as an Information Technology Center, to be known as the Vista Hub, with a gross floor area of Thirty-Five Thousand Five Hundred One square meters and Forty-Six square decimeters (35,501.46), which stands on two parcels of land, located at 20th Drive corner 21st Drive, Bonifacio Global City, Taguig City, with an aggregate land area of Two Thousand Six Hundred Fifty-One (2,651) square meters, more or less, as defined by the following technical description:
Lot No. 5Pcs-00-010799TCT No. 1431-P
A parcel of land (Lot No. 5 as shown on consolidation-subdivision plan, Pcs-00-010799, being a portion of the consolidation of Lot Nos. 1-2-3-4-5-6-7-8 of Block 2, Pcs-00-007928, LRC Record No.), situated in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
Bounded on the SE., along lines 1-2-3 by Reserved Lot No. 15, Pcs-00-007928; on the SW., along line 3-4 by Lot No. 3 of the consolidation-subdivision plan; on the NW., along lines 4-5-6-7-8-9 by Road Lot No. 4, Pcs-00-007928; and on the NE., along line 9-1 by Lot No. 6 of the consolidation-subdivision plan.
Beginning at a point marked "1" on plan, being N. 58 deg. 27' W., 3376.30 m. from BLLM No. 1, MCadm-590-D, Taguig Cad. Mapping; thence;
S. 16 deg. 03' W., 14.69 m. to point 2;
S. 16 deg. 03' W., 18.33 m. to point 3;
N. 75 deg. 52' W., 40.23 m. to point 4;
N. 23 deg. 45' E., 2.38 m. to point 5;
N. 18 deg. 57' E., 8.00 m. to point 6;
N. 14 deg. 09' E., 8.00 m. to point 7;
N. 08 deg. 28' E., 10.95 m. to point 8;
N. 02 deg. 47' E., 3.86 m. to point 9;
S. 75 deg. 52' E., 42.10 m. to the point of
beginning, containing an area of One Thousand Three Hundred Twenty-Seven (1,327) square meters, more or less. All points referred to are indicated on plan and marked on the ground by PS cyl. conc, mons. 15 x 40 cms. except points 2, 5, 6, 7 and 8 by Old PS cyl. conc, mons. 15 x 40 cm.; Bearings, Grid; date of original survey, September-December 1907 (Psu-2031); that of the consolidation-subdivision; date of survey, 10-21 July 2003; as surveyed by Engr. J.M. E. Abad; and approved on 20 August 2003.
Lot 6
Pcs-00-010799
TCT No. 1432-P
A parcel of land (Lot No. 6 as shown on consolidation-subdivision plan, Pcs-00-010799, being a portion of the consolidation of Lot Nos. 1-2-3-4-5-6-7-8 of Block 2, Pcs-00-007928, LRC Record No.), situated in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
Bounded on the SW., along line 1-2 by Lot No. 5 of the consolidation-subdivision plan; on the W., along lines 2-3-4 by Road Lot No. 4, Pcs-00-007928; on the NW., along lines 4-5-6-7-8-9-10-11-12-13-14-15-16 by Lot No. 13 (Road Lot); on the NE., along line 16-17 by Lot No. 7, both of the consolidation-subdivision plan; and on the SE., along line 17-1 by Reserved Lot No. 15, Pcs-00-007928.
Beginning at a point marked "1" on plan, being N. 58 deg. 27' W., 3376.30 m. from BLLM No. 1, MCadm-590-D, Taguig Cad. Mapping; thence:
N. 75 deg. 52' W., 42.10 m. to point 2;
N. 02 deg. 47' E., 4.14 m. to point 3;
N. 02 deg. 01' W., 7.54 m. to point 4;
N. 07 deg. 35' E., 2.00 m. to point 5;
N. 26 deg. 46' E., 2.00 m. to point 6;
N. 45 deg. 57' E., 2.00 m. to point 7;
N. 64 deg. 02' E., 1.77 m. to point 8;
N. 72 deg. 32' E., 1.25 m. to point 9;
N. 70 deg. 37' E., 2.00 m. to point 10;
N. 65 deg. 50' E., 3.00 m. to point 11;
N. 60 deg. 06' E., 3.00 m. to point 12;
N. 54 deg. 23' E., 3.00 m. to point 13;
N. 48 deg. 39' E., 3.00 m. to point 14;
N. 43 deg. 23' E., 2.50 m. to point 15;
N 38 deg. 37' E., 2.49 m. to point 16;
S. 75 deg. 52' E., 30.36 m. to point 17;
S. 16 deg. 03' W., 33.02 m. to the point of
beginning, containing an area of One Thousand Three Hundred Twenty-Four (1,324) square meters, more or less. All points referred to are indicated on plan and marked on the ground by PS cyl. conc, mons. 15 x 40 cms. except points 3 and 4 by Old PS cyl. conc. mons. 15 x 40 cm.; Bearings, Grid; date of original survey, September-December 1907 (Psu-2031); that of the consolidation-subdivision; date of survey, 10-21 July 2003; as surveyed by Engr. J.M. E. Abad; and approved on 20 August 2003.
IN WITNESS THEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed hereto. DETACa
DONE in the City of Manila, this 29th day of March, in the year of Our Lord, Two Thousand and Sixteen.
Cite This Law
Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center, <--!0000-->Proclamation No. 1243, Mar 29, 2016 (Philippines)
Creating and Designating a Building at Bonifacio Global City, Taguig, as Information Technology Center, <--!0000-->Proclamation No. 1243 (Phil. 2016)
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