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FOREIGN TRADE ZONE REQUEST FOR NON-OBJECTION HONEYWELL INTERNATIONAL, INC HONEYWELL INTERNATIONAL, INC Foreign Trade Zone 75 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 Summary from the owner’s representative: Honeywell Aerospace (“Honeywell”), a business unit of Honeywell International Inc., innovates and integrates thousands of products and services to advance and deliver safe, efficient, productive and comfortable experiences worldwide. With a history dating back to WWII, Honeywell’s presence in Arizona, through our legacy companies, reflects a long and proud commitment to the State. Today, Honeywell Aerospace Headquartered in Phoenix, Arizona, is a technology and services leader in three main sectors: Air Transport & Regional, Business and General Aviation, and Defense and Space. Honeywell employs approximately 9,000 people in the state of Arizona, with almost 7,000 in the Honeywell FTZ. In 2014, the City of Phoenix as a Foreign Trade Zone Grantee agreed to support Honeywell Aerospace’s application for Foreign Trade Zone, FTZ 75J. Today, Honeywell is seeking to elect the option to exercise a real and personal property tax reclassification for potential future investment. This request would not impact any real and personal property tax collected today, however would reduce the classification for new investment in accordance with Arizona State law. Honeywell is planning several capital improvement projects at the FTZ sites with up to $285.6 million in capital investments over the next three years. And while there are no immediate plans for real property or capital expansion to the Honeywell FTZ site, should such an opportunity arise, the desire is to make Honeywell Phoenix a priority for future expansion. Property tax reclassification is a strong driver in the decision-making process for potential expansions. Exercising the benefits available in a FTZ will make Phoenix more appealing when deciding where to engage in future pursuits. Status of Taxing Jurisdiction Concurrence Letters • Received Concurrence Letters o West-Mec o Balsz Elementary o Central AZ Water Conservation District o Kyrene Elementary o Tempe High School o Maricopa Special Health District • In Process o Phoenix Union High School o Wilson Elementary Fiscal and Economic Impact • In total, the Honeywell sites in the FTZ create an annual economic impact of $3.41 billion in Maricopa County. • Honeywell directly employs approximately 6,900 people at sites within the FTZ with an annual payroll of $669.2 million, at an average salary of $96,295. Through the multiplier effect, approximately 7,020 additional jobs and $363.1 million in annual payroll are supported at other local businesses in Maricopa County. • The employees at Honeywell’s FTZ sites create an additional 5,353 jobs and $260.7 million in payroll through their household spending. Positive Property Tax Impact - HONEYWELL • Honeywell pays $4.0 million in ongoing property tax revenues to the city, county ($394,075), schools, and other school districts. These annual property tax revenues on existing buildings and equipment would not be impacted by the FTZ reclassification. • With $285.6 million in new capital investment planned over the next three years, Honeywell with generate $1.1 million ($110,679 in Maricopa County property taxes) in new annual property tax revenues to local jurisdictions, net of the property tax reductions from the FTZ designation.