Proclamation No. 490, s. 2012

Link to law: http://www.gov.ph/2012/10/11/proclamation-no-490-s-2012/
Published: 2012-10-16

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
MALACAÑAN PALACE

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

PROCLAMATION NO. 490

CREATING AND DESIGNATING A BUILDING WHICH SHALL STAND ON A PARCEL OF LAND LOCATED AT LOT 6, BLOCK 1, 5th AVENUE, 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, otherwise known as 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, subject to the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, and Resolution No. 00-411 (S. 2000), as amended by Resolution No. 11-448 (S. 2011) of the PEZA Board of Directors, the W Fifth Avenue as an Information Technology Center which shall stand on a parcel of land of the private domain located at Lot 6, Block 1, 5th Avenue, Bonifacio Global City, Taguig City containing an area of Two Thousand One Hundred Fifty-Five (2,155) Square Meters, more or less, as defined by the following technical description:

Lot 6, Block 1, Pcs-00-11796

TCT No. 1760-P

A parcel of land (Lot 6, Block 1, of the consolidated subdivision plan Pcs-00-011796, being a portion of Block 6, Block 10 Lots 104, Block 11, Lots 1-7, Block 21, Block 29, Reserved Lots 3-9, and Road Lots 7, 10, 14, 17 and 18, all of Pcs-00-007928; Blocks 2, 3, 8, 21 and 50. Reserved Access Lots 2, 3, 6, 9, 20, 21, 48 and 49, all of Psd-00-046745; Lots 1-7 of Psd-00-060299; Blocks 1 and 2 Road Lots 1-7 of Pcs-00-008760; Lots 1-3 of Psd-00-060334; Lots 1 and 2 of Pcs-00-008685; Reserved Access Lot 5 of Pcs-00-009913; and Reserved Access Lot 51-B of Psd-00-058169, LRC Rec. No.), situated in the Barrio of Fort Bonifacio, Municipality of Taguig, Province of Metro Manila, Island of Luzon.

Bounded on the SE., along line 1-2 by Lot 4, Blk. 1 (Reserved Access Lot) of the plan on the SW., along line 2-3 by Lot 7, Blk. 1 of the plan; on the NW., along line 3-4 by Road Lot 29 of the plan; on the NE., along line 4-1 by Lot 5, Blk. 1 of the plan.

Beginning at a point marked “1” on plan, being N. 42 deg. 59′ W., 3,991.53 m. from BLLM 1 , Mcadm-590-D;

thence
S.
18
deg.
12′
W.,
42.88 m.
to point 2;

thence
N.
71
deg.
48′
W.,
50.24 m.
to point 3;

thence
N.
18
deg.
12′
E.,
42.88 m.
to point 4;

thence
S.
71
deg.
48′
E.,
50.24 m.
to point of beginning,

Beginning; containing an area of Two Thousand One Hundred Fifty-Five (2,155) square meters, more or less. All points referred to are indicated on the plan and marked on the ground by PS cyl. conc. mons. 15 x 40 cms., bearings true; date of orig. survey, September-December 1907 and that of the cons., subd., survey, February 10, 2006 and was approved oh April 18, 2006.

IN WITNESS THEREOF, 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 11th day of, October, in the year of our Lord, Two Thousand and Twelve.

(Sgd.) BENIGNO S. AQUINO III

By the President:

(Sgd.) PAQUITO N. OCHOA, JR.
Executive Secretary