MARICOPA COUNTY-TAX CONCURRENCE LETTER HONEYWELL.DOCX

Date
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: Honeywell Property Tax Re-Classification 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 Honeywell
Aerospace, a business unit of Honeywell International, Inc. (“Honeywell”) to be located on or at each of the
following five (5) Honeywell sites currently within Foreign Trade Zone 75J for which the City of Phoenix is
the Zone Grantee:
Site 1: 111 S. 34th Street, Phoenix, Arizona 85034
402 S. 36th Street, Phoenix, Arizona 85034
3131 E. Air Lane, Phoenix, Arizona 85034
Site 2: 21111 N. 19th Avenue, Phoenix, Arizona 85027
Site 3: 1944 E. Sky Harbor Circle, Phoenix, Arizona 85034
Site 4: 1300 W. Warner Road, Tempe, Arizona 85284
Site 5: 1720 E. Grant Street, Phoenix, Arizona 85034
In particular, we understand the resulting tax implications in reclassifying for property tax purposes all of
Honeywell’s future real and personal property located at each of the five sites referenced above from Class 1
with a tax assessment ratio of 18% to Class 6 with a tax assessment ratio of 5%. As indicated at the outset,
we do not object to the proposed property tax reclassification contemplated herein.
Sincerely,
Chairman Denny Barney
Board of Supervisors
Maricopa County