Proclamation No. 279, s. 2011


Published: 2011-10-26

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MALACAÑAN PALACE

Manila

BY THE PRESIDENT OF THE PHILIPPINES

PROCLAMATION NO. 279

CREATING AND DESIGNATING A BUILDING TO BE KNOWN AS I-SQUARE BUILDING TO BE ESTABLISHED ON A PARCEL OF LAND LOCATED AT MERALCO AVENUE, ORTIGAS CENTER, PASIG 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 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, Resolution No. 00-411 (s. 2000), as amended by Resolution No. 04-295 (s. 2004) and Resolution No. 10-610 (s. 2010) of the PEZA Board of Directors, the I-Square Building as an Information Technology Center, with a gross floor area of 23,899 square meters, more or less, to be established on a parcel of land located at Meralco Avenue, Ortigas Center, Pasig City, containing an area of ONE THOUSAND SEVEN HUNDRED FORTY NINE (1,749) SQUARE METERS, more or less, as defined by the following technical description:

TCT No. 011-PT-97166

Lot 4, Block 3

(LRC) PSD-105493

A parcel of land [Lot 4, Block 3, of the subdivision plan, (LRC) PSD-105493, Sheet 1], being a portion of Lot 4, PCS-3588, LRC (GLRO) Rec. Nos. 699, 875 & 917), situated in the Barrio of Oranbo, Municipality of Pasig, Province of Rizal, Island of Luzon. Bounded on the E., points 2 to 3 by Road Lot 4; On the 4; On the S., points 3 to 4 by Lot 5, Block 3; On the W., points 4 to 1 by Road Lot 10; and on the N., points 1 to 2 by Lot 3, Block 3, all of the subdivision plan.

Beginning at a point marked “1” on plan, being S. 80 deg. 48’E., 1214.50 m. from BLLM No. 1, Wack-Wack;

thence
S.
89
deg.
10′
E.,
53.00
m.
to point 2;

thence
S.
00
deg.
50′
W.,
33.00
m.
to point 3;

thence
N.
89
deg.
10′
W.,
53.00
m.
to point 4;

thence
N.
00
deg.
50′
E.,
33.00
m.
to the point of

beginning; containing an area of One Thousand Seven Hundred Forty Nine (1,749) Square Meters, more or less. All points referred to are indicated on the plan and are marked on the ground by P.S. cyl. conc. mons; 15 x 60 cm.; Bearings true; declination 0 deg. 50′ E., date of the original survey April 08, 1920 – February 21, 1921 and that of the subdivision survey May 5-22, 1969.

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 26th day of October, in the year of our Lord, Two Thousand and Eleven.

(Sgd.) BENIGNO S. AQUINO III

By the President:

(Sgd.) PAQUITO N. OCHOA, JR.

Executive Secretary