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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 58 - CREATING
AN INTER-AGENCY EXECUTIVE COMMITTEE TO OVERSEE THE COMPREHENSIVE
DEVELOPMENT OF THE NATIONAL HOUSING AUTHORITY PROPERTY IN NORTH
TRIANGLE, QUEZON CITY
WHEREAS, Proclamation No. 481, dated 24
October 1968, reserved an area of 120 hectares, more or less, of the
National Housing Authority property covered by Transfer Certificate
Title No. 1356, as the site of the National Government Center;
WHEREAS, Memorandum Order No. 127, dated 11 November 1987, directed
that the unsold portions of the 120 hectares reserved area consisting
of more or less, 50 hectares, and commonly referred to as the North
Triangle Property be released as reserved site under Proclamation No.
481 and be converted into a commercial area;
WHEREAS, under the same Memorandum Order, the National Housing
Authority is authorized to sell the property to the private sector thru
public bidding as required by law;
WHEREAS, the development of the property requires the coordinated and
synchronized efforts of the National Housing Authority and other
government agencies to ensure effective and efficient planning and
implementation including the incorporation into the Development Project
of the route and terminal requirements of the Light Rail Transit Line
Three (LRT-III) Project;
WHEREAS, this Development Project envisions to generate funds and
ensure yearly revenues needed to support the Social Housing Program of
the National Housing Authority;
WHEREAS, the Government encourages private sector participation in the
development of the Project.
NOW, THEREFORE, I FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby
order and direct:
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DONE in the City of Manila,
this 15th day of February in the year of Our Lord, Nineteen Hundred and
Ninety Three.
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