100 OG No. 37, 6087 (September 13, 2004)

[ PROCLAMATION NO. 630, May 06, 2004 ]

CREATING AND DESIGNATING THREE BUILDING, KNOWN AS THE KRC IT ZONE, WHICH STAND ON A PARCEL OF LAND LOCATED ALONG LOPEZ JAENA STREET, SUBANGDAKU, MANDAUE CITY, PROVINCE OF CEBU AS INFORMATION TECHNOLOGY BUILDINGS PURSUANT TO REPUBLIC ACT NO. 7916, AS AMENDED BY REPUBLIC ACT. NO. 8748



Pursuant to the powers vested in me under Republic Act. No. 7916, otherwise known as the Special Economic Zone Act. of 1995, as amended by Republic Act No. 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority, I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby create and designate as Information Technology Buildings, subject to the provisions of the Republic Act No. 7916, as amended, its Implementing Rules and Regulations, and Resolution Nos. 00-411 and 03-261 dated 19 December 2001 and 15 October 2003, respectively, of the PEZA Board of Directors, the KRC IT Zone, which covers three existing buildings with an aggregate floor area of 9,516.72 square meters, and located on a lot along Lopez Jaena Street, Subangdaku, Mandaue City, Province of Cebu, containing an area of SIX THOUSAND SIX HUNDRED FORTY SEVEN (6,647) SQUARE METERS, more or less, as defined by the following technical description:

LOT 2613

Plan II-5121 Amd. 2

TCT No. 26559

A parcel of land (Lot 2613, plan II-5121 Amd. 2) situated in the City of Mandaue, Island of Cebu. Bounded in the NE. by Lot 2616, 2615 and 2614; on the SE. by the Provincial Road; on the SW. by Lot 2612; and on the NW. by a Creek and property of the Banilad Estate;

Beginning at a point marked "1" on plan, being S. 73 deg. 12’ W., 2544.65 m. from BLLM No. 1, Mandaue City;

thence S. 36 deg. 52’ W.,  20.95 m. to point 2;

thence S. 51 deg. 55’ E.,  47.94 m. to point 3;

thence S. 52 deg. 53’ W.,  31.17 m. to point 4;

thence S. 55 deg. 03’ W.,  93.35 m. to point 5;

thence S. 55 deg. 03’ W.,  3.44 m. to point 6;

thence S. 55 deg. 32’ E.,  9.65 m. to point 7;

thence S. 09 deg. 42’ W.,  26.51 m. to point 8;

thence S. 30 deg. 04’ E.,  46.85 m. to point 9;

thence S. 59 deg. 36’ E.,  55.71 m. to point 10;

thence S. 20 deg. 49’ E.,  21.89 m. to point 11;

thence S. 15 deg. 13’ W.,  14.29 m. to point of beginning,

Containing an area of SIX THOUSAND SIX HUNDRED FORTY SEVEN (6,647) SQUARE METERS, more or less. All points referred to are indicated on the plan and are marked on the ground; bearings true; declination 1 deg. 37’ to 1 deg. 52’ E., date of original survey, September to October, 1911, and that of the amendment survey, November 16 to December 16, 1926 and January 24 to March, 1927.

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 6th day of May, in the year of our Lord, Two Thousand and Four.

(Sgd.) GLORIA MACAPAGAL-ARROYO

By the President:

(Sgd.) ALBERTO ROMULO
Executive Secretary



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