2019 ASRS-GPLET.PDF

OFFICE OF THE ASSESSOR
PAUL D. PETERSEN
Assessor
April 26, 2019
Ms. Fran McCarroll, Clerk of the Board
Maricopa County Board of Supervisors
301 West Jefferson, 10th Floor
Phoenix, Arizona 85003
Re: Arizona State Retirement System ("ASRS")
Dear Ms. McCarroll:
Enclosed is a copy of the 2019 Government Lease Excise Tax Form for the Arizona State Retirement System
("ASRS"). Under A.R.S. § 42-11102(C), the "ASRS" may elect to have the taxes on its income producing
properties based upon their full cash value as determined by this Office ("voluntary contributions") or
pursuant to A.R.S. § 42-6201 et seq., it may provide for a government property lease tax ("GPLET"). The
ASRS has timely notified the Assessor's Office that it is electing to have its sole property in Maricopa County
taxed under the GPLET framework for tax year 2019. That property is a high-rise office building located
at 3300 N. Central Ave, Phoenix (APN #118-37-021P).
The enclosed Form submitted by the "ASRS" representative contains the property data necessary for the
computation of the lease tax, as well as the total computed tax, which is due and payable to the Treasurer
on or before December 1, 2019. The form (Government Property Lease Excise Tax Form) was completed
and approved by representatives of the "ASRS". We have checked the computation on the 2019 reporting
form against A.R.S. 42-6201 et seq. including prior years, as well as coordinated with the County Treasurer's
Office. We have found it to be accurate. This year the ASRS reporting Form states tax due for 2019 to be
$54,969.00.
As we have done in prior years, my office will coordinate with you to have this item placed on the next
available Board of Supervisors agenda. If you have any questions please contact my Assistant Chief Deputy,
Lesley Kratz at (602) 506-7154.
Enclosure
cc: Royce Flora; Treasurer
Patrick Irvine; Fennemore Craig, P.C.
Michell Miles; CBRE
Lesley Kratz; Assessor's Office
301 West Jefferson Street, Suite 330 • Phoenix, AZ • 85003
Phone: (602) 506-7220 • Fax: (602) 506-3394 • Email: petersenp@mail.maricopa.gov • Web: mcassessorsoaricopa.gov

FENNEMORE CRAIG, P.C.
2394 East Carnelback Road, Suite 600
Phoenix, Arizona 85016-3429
(602) 916-5000
Patrick Irvine Law Offices
Direct Phone: (602) 916-5406 Denver (303) 291-3200
Direct Fax: (602) 916-5606 Las Vegas (702) 692-8000
pirvine@fclaw.com Nogales (520) 281-3480
Phoenix (602) 916-5000
Reno (775) 788-2200
Tucson (520) 879-6800
March 19, 2019
VIA REGULAR MAIL
Mr. Paul D. Petersen
Maricopa County Assessor
301 West Jefferson
Phoenix, Arizona 85003
Re: Arizona State Retirement System
Parcel #118-37-021P; 3300 N. Central, Phoenix, Arizona
Dear Mr. Petersen:
This firn represents the Arizona State Retirement System ("ASRS"), which is the owner
of the parcel listed above, located at 3300 N. Central, Phoenix, Arizona.
This letter will serve as the ASRS election under A.R.S. § 42-11102(C) to elect to pay a
government property lease tax for the tax year 2019 for that parcel.
Please call me if you have any questions.
Sincerely,
FENNENSMECRAIG, P.
Patrick Irvine
cc: Michell Miles (via email: Michell.Miles@cbre.com)
Lesley Kratz (via email: kratzl@mail.maricopa.gov)
14695767

Maricopa County Assessor
Paul D. Petersen
Government Prope Lease Tax Reporting Form Al
(For properties subject to A.R.S §42-11102(C) with a predominate use using tax rates established by R.R.S §42-6203(A))
Reporting Year; 2019
1, Subject Property Identification Information
Owner Name; ARIZONA STATE RETIREMENT SYSTEM
Mailing Address: 3300 NORTH CENTRAL AVENUE SUITE 1100 PHOENIX I AZ 85012
Property Name (If applicable): 3300 NORTH CENTRAL (FORMERLY 3300 TOWER)
Street Address; 3300 NORTH CENTRAL AVENUE, PHOENIX, AZ 85012
Assessor Tax Parcel Number(s): 118-37-021P
2, Subject Property Improvement Information
A. Date of issuance of the original Certificate of Occupancy for the leased improvements: 1980
B. Number of building floors above ground: 27
C. Predominate use of leased space (a5Wri leased area in square feet): OFFICE
D. Building space (square feet) leased for non-governmental use: 84 1413
E, Number of leased parking spaces within a parking garage or deck: 247
3. Leased Improvement Tax Rate & Calculation
A. Improvement tax rate: $ 1.76 B. Age of property factor (0/0): 40%
C. Effective tax rate (multiply Item 3A by Item 3B): $ 0.70
D. Leased Improvement Tax; (Item 20) 841,413 x (Item 3C) $ 0.70 .-- $ 45,089
4. Leased Parking Space Tax Rate & Calculation
A. Parking space tax rate: $ 100.00 B. Age of property factor (To): 40%
C. Effective tax rate (multiply Item 4A by Item 4B); $ 40.00
D. Parking Space Improvement Tax: (Item 2E) 247 x (Item 4C) $40.00 - $ 9,880
S. Total Government Property Lease Tax
(Item 3D) $46,089 + (Item 40) $ 9,880 = $ 54,969
6. System or Plan Representative Information
Name: MICHELL PATRICIA MILES Title: SENIOR REAL ESTATE MANAGER
Employer! Address: CBRE, INC. 2576 E. Camelback Road, Suite 500, Phoenix, AZ 85018
Signature --A4/66( giAt„,; q Date 04/22/2019
ADM/SD 08:18 E 052118