Creating and Designating a Building to be Known as T.U. Building in Bacolod City, as a Special Economic Zone (Information Technology Center)
Proclamation No. 1004, issued on August 26, 2020, establishes the T.U. Building and its surrounding land in Bacolod City as a Special Economic Zone (Information Technology Center) under the Special Economic Zone Act of 1995, as amended. This designation was recommended by the Philippine Economic Zone Authority (PEZA) and includes specific technical descriptions of the parcels of land involved. The building has a gross floor area of approximately 9,038.13 square meters, while the designated land area is about 2,054 square meters. The proclamation aims to promote economic development and investment in the region through the establishment of this special zone.
Law Information
- Reference Number
- Proclamation No. 1004
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 26, 2020
PROCLAMATION NO. 1004
CREATING AND DESIGNATING A BUILDING AND THE PARCELS OF LAND ON WHICH IT STANDS, LOCATED AT LACSON STREET CORNER B.S. AQUINO DRIVE, BACOLOD CITY, AS A SPECIAL ECONOMIC ZONE (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, RODRIGO ROA DUTERTE, President of the Philippines, do hereby create and designate a building to be known as the T.U. Building, with a gross floor area of Nine Thousand Thirty-Eight and 13/100 square meters (9,038.13 m2), more or less, and the parcels of land upon which the building stands, located at Lacson Street corner B.S. Aquino Drive, Bacolod City, with an area of Two Thousand Fifty-Four square meters (2,054 m2), more or less, 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), 15-240 (s. 2015) and 17-472 (s. 2017), and Resolution No. 18-176 (s. 2018), as amended by Resolution No. 19-382 (s. 2019) of the PEZA Board of Directors, as a Special Economic Zone (Information Technology Center), defined by the following technical description:
Lot 85
A parcel of land (Lot 85 of the subdivision plan Psd-12396 [Rel-06-000363]), situated in the Barangay of Mandalagan, City of Bacolod, Island of Negros.
Bounded on the NW., along line 1-2 by Lot 86; on the NE., along 2-3 by Lot 319, both of Psd-12396; on the SE., along line 3-4 by Lacson Street (National Road); and on the SW., along 4-1 by Lot 81, Psd-12396.
Beginning at a point marked "1" on plan, being N. 20 deg. 33' E., 1496.10 m., more or less, from BBM No. 40, Bacolod Cadastre.
thence N. 22 deg. 08' E. 25.00 m. to point 2;
beginning; containing an area of One Thousand square meters (1,000 m2), more or less. All points referred to are indicated on the plan and are marked on the ground by Old PS cyl. conc. mons. 15x60 cms; Bearings: True; Surveyed by Engineer Ferdinand G. Quilop on 24 March 2017 and approved on 11 December 2018.
Lot 81
A parcel of land (Lot 81 of the subdivision plan Psd-12396 [Rel-06-000362]), situated in the Barangay of Mandalagan, City of Bacolod, Island of Negros.
Bounded of the NE., along line 1-2 by Lot 85, both of Psd-12396; on the SE., along line 2-3 by Lacson Street (National Road); on the SW., along line 3-4 by Lot 309, Psd-12396 (B.S. Aquino Drive); and on the NW., along line 4-1 by Lot 82, Psd-12396.
Beginning at a point marked "1" on plan, being N. 20 deg. 33' E., 1496.10 m., more or less, from BBM No. 40, Bacolod Cadastre.
thence S. 67 deg. 52' E., 40.00 m. to point 2;
beginning; containing an area of One Thousand Fifty-Four square meters (1,054 m2), more or less. All points referred to are indicated on the plan and are marked on the ground by Old PS cyl. conc. mons. 15x60 cms; Bearings: True; Surveyed by Engineer Ferdinand G. Quilop on 24 March 2017 and approved on 11 December 2018.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed hereto.
DONE in the City of Manila, this 26th day of August, in the year of Our Lord, Two Thousand and Twenty.
Cite This Law
Creating and Designating a Building to be Known as T.U. Building in Bacolod City, as a Special Economic Zone (Information Technology Center), Proclamation No. 1004, Aug 26, 2020 (Philippines)
Creating and Designating a Building to be Known as T.U. Building in Bacolod City, as a Special Economic Zone (Information Technology Center), Proclamation No. 1004 (Phil. 2020)
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