Creating and Designating a Building to be Known as JEG Tower in Cebu City, as a Special Economic Zone (Information Technology Center)

February 3, 2021

PROCLAMATION NO. 1086

CREATING AND DESIGNATING A BUILDING AND THE PARCEL OF LAND WHERE IT STANDS, LOCATED AT ARCHBISHOP REYES STREET CORNER ACACIA STREET, BARANGAY CAMPUTHAW, CEBU CITY, AS A SPECIAL ECONOMIC ZONE (INFORMATION TECHNOLOGY CENTER) TO BE KNOWN AS THE JEG TOWER, 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, RODRIGO ROA DUTERTE, President of the Republic of the Philippines, do hereby create and designate a building to be known as the JEG Tower, with a gross floor area of Twenty-Six Thousand Three Hundred Seventy-Three square meters (26,373 m² ), more or less, and the parcel of land on which the building stands, located at Archbishop Reyes Street corner Acacia Street, Barangay Camputhaw, Cebu City, as a Special Economic Zone (Information Technology Center), subject to the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, PEZA Board of Directors Resolution No. 00-411 (s. 2000), as amended by Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015) and 17-472 (s. 2017), and Resolution No. 17-228 (s. 2017), as amended by Resolution Nos. 19-094 (s. 2019) and 20-232 (s. 2020), with an area of One Thousand Six Hundred Ninety-Seven square meters (1,697 m² ), more or less, as defined by the following technical description:

Portion of Lots 1, 2 and 3

A parcel of land covered by TCT No. 107-2019003131 (portion of Lots 1, 2 & 3, Block 9, all of Pcs-389 of consolidation plan Pcn-07-0000468), situated in Barangay Camputhaw, Cebu City.

Bounded on the SW., along lines 1-2-3 by Road Lot 3 (Acacia Street); on the NW., along line 3-4 by Lot 6, Block 9, Pcs-389; point 4 by Lot 5, Block 9, Pcs-389, on the NE. and NW., along lines 4-5-6-7 by Lot 4, Block 9, Pcs-389; on the SE., along line 7-8 by Road (Archbishop Reyes Avenue); and on the SW., along line 8-1 by Road Lot 3 (Acacia Street).

Beginning at a point marked "1" on the plan, being S. 36 deg. 27' E., 504.09 m. from Mon. No. 5, Banilad Estate;

thence N. 27 deg. 07' W. 20.01 m. to point 2;

beginning, containing an area of One Thousand Six Hundred Ninety-Seven square meters (1,697 m² ), more or less. Points 3, 4 and 8 by old PS. cyl. conc. mons. 15 x 60 cms., and the rest by PS. cyl. conc. mons. 15 x 40 cms. Bearings true; date of original survey August 1906-July 1907, that of the subdivision survey on 05 April 2018; and approved on 03 October 2018.

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

DONE in the City of Manila, this 3rd day of February, in the year of Our Lord, Two Thousand and Twenty-One.

 

Published in the Official Gazette, Vol. 117, No. 7, p. 1657 on February 15, 2021.