BUCKEYE FIVE BELOW DIST FTZ MARICOPA COUNTY-TAX CONCURRENCE LETTER.DOCX

March 24, 2021
Mr. Andrew McGilvray
Executive Secretary
Foreign Trade Zones Board
U.S. Department of Commerce
1401 Constitution Avenue, NW Room 2111
Washington, D.C. 20230
Re: Five Below, Inc.’s Request for FTZ Property Tax Concurrence “No Objection”
Dear Mr. McGilvray:
The undersigned being a duly authorized representative of Maricopa County does hereby acknowledge and
approve of the proposed property tax reclassification of all future real and personal property of Five Below
Inc. to be located at 2150 S. Miller Rd., Buckeye, AZ, 85326, parcel 504-26-008J, within the Greater Maricopa
Foreign Trade Zone 277.
In particular, we understand the Foreign Trade Zone designation and resulting tax implications in reclassifying
for property tax purposes. Five Below, Inc.’s real and personal property located at the site referenced above
is requesting to be eligible to receive the Class 6 assessment ratio of 5% in correspondence with the creation
of their Foreign Trade Zone. As indicated at the outset, we do not object to the FTZ designation and proposed
property tax reclassification contemplated herein.
Sincerely,
Chairman Jack Sellers
Board of Supervisors
Maricopa County