Complex sentence: In the nearby streets is the Palace of Los Pimentel, today the seat of the Provincial Council, is one of the most important, as King Philip II was born here on 21 May 1527.
Split into simpler sentences: In the nearby streets is the Palace of Los Pimentel, today the seat of the Provincial Council. It is one of the most important palaces, as King Philip II was born here on 21 May 1527.