FY18 ASRS GOVERNMENT LEASE TAX.PDF

301 West Jefferson Street
Phoenix, Arizona 85003
Paul D. Petersen Phone: (602) 506-3406
Assessor www.maricopa.gov/assessor
Mar icopa County
May 29, 2018
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 2018 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 2018. 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, 2018. The form (Government Property Lease Excise Tax Form) was
completed and approved by representatives of the "ASRS". We have checked the computation on the
2018 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 2018 to be $57,253.00.
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 there are any questions, please call Lesley Kratz in my office at
(602) 506-7154.
Enclosure
cc: Royce Flora; Treasurer
Patrick Irvine; Fennemore Craig, P.C.
Michell Miles; CBRE
Thomas Rief; Assessor's Office

Marieopa County Assessor
Paul D. Petersen
Government Property LeaSe Tax Reporting Form Al
(For properties subject to A.R.S §42-1I102(C) with a predominate use using tax rates established by A.R.S §42-6203(A))
Reporting Year: 2018
1. Subject Property Identification Information
Owner Name: Arizona State Retirement System
Mailing Address: 3300 North Central Avenue, Suite 1100, Phoenix, AZ 85012
Property Name (if applicable): 3300 North Central
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 (?.85 0/0 leased area in square feet): Office
D. Building space (square feet) leased for non-governmental use: 69,676
E. Number of leased parking spaces within a parking garage or deck: 212
_
3. Leased Improvement Tax Rate & Calculation
A. Improvement tax rate: $1-.75 B. Age of property factor (%): 40%
C. Effective tax rate (multiply Item 3A by Rem 38): $ 0,70
D. Leased Improvement Tax: (Item 2D) 69,676 x ([tern 3C) $ 0.70 = $ 48,773
4. Leased Parking Space Tax Rate & Calculation
A. Parking space tax rate: $ 100.00 B. Age of property factor ( 0/0): 40%
C. Effective tax rate (multiply Item 4A by Item 4B): $ 40.00
D. Parking Space Improvement Tax: (Item 2E) 212 x (Item 4C) $40.00 = $ 8,480
5. Total Government Property Lease Tax
(Item 3D) $ 48,773 + (Item 4D) $,8,480 = $ 67.253
6. System or Plan Representative Informaiion
Name: Michell Patricia Miles Title: Senior Real Estate Manacier
Employer / Address: CBRE, Inc., 2415 East Cannelback Road, Phoenix, AZ 85016
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Signature, Date 0512512018
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ADM/SD 08:18 E 052118

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@felaw.com Nogales (520) 281-3480
Phoenix (602) 916-5000
Reno (775) 788-2200
Tucson (520) 879-6800
March 31, 2018
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 firm 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 2018 for that parcel.
Please call me if you have any questions.
Sincerely,
FEtTNEMORE CRAIG, P.C.
Patrick Irvine
Enclosure
cc: Michell Miles
Tom Rief
13804585.1/036742.0034