2017 ASRS LEASE EXCISE TAX FORM.PDF

OFFICE OF THE ASSESSOR
PAUL D. PETERSEN
Assessor
June 6, 2017
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 CASRS")
Dear Ms. McCarroll:
Enclosed is a copy of the 2017 Government Lease Excise Tax Form for the Arizona State Retirement
System CASRS"). 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 2017. 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, 2017. The form (Government Property Lease Excise Tax Form) was
completed and approved by representatives of the "ASRS". We have checked the computation on the
2017 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 2017 to be $119,312.00.
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. I would like to advise that Tom Rief is no longer handling this
process so if there are any questions please contact Lesley Kratz in my office at (602) 506-7154.
P TD. Petersy Maricopa County Assessor
/74
Enclosure
CC: Royce Flora; Treasurer
Patrick Irvine; Fennemore Craig, P.C.
Michell Miles; CBRE
Lesley Kratz; Assessor's Office
301 \Vest Jefferson Street ., Suite 330 • Phoenix, AZ • 85003
Phone: (602) 506-7220 • Fax: (602) 506-3394 • Email: petersenp@mail.maricopa.gov • Web: mcassessor.maricopa.gov

• MARICOPA COUNTY ASSESSOR'S OFFICE
Government Property Lease Excise Tax Form
2017 Reporting Period
Owner Name: Arizona State Retirement System
Owner Mailing Address: Arizona State Retir ement System, do CBRE, Inc., 3300 N Central Avenue, Suite 1100, Phoenix, AZ 85012
Contact Person: Michell Patricia Miles, Senior Real Estate Manager
602-279-4948 or michell.miles@ebre.com
Government Property Lease Information:
Property Address [A.R.S. 42-6204(B)1]: 3300 N Central Avenue, Phoenix, Arizona 85012
Elementary School District:
Original Certificate of Occupancy Date [A.R.S. 42-6204(B)41: L APRIL 1980
Lease, Development Agreement or Aquisition Date [A.R.S. 42.6203(0)]: 2. AUGUST 1992
Gross Building Space (S.F.) [A.R.S. 42-6201(3)); 3. 363,655
Gross Building Space Occupied by Fund; 4. 179,720
Gross Building Space Leased to Non-Governmental Parties: 5. 140,389
For Office Buildings, Number of Floors Above Ground [A.R.S. 42-6203(A)]: 6. 27
Property Predominant Use (at least 85% of gross building area as one use) and 7. OFFICE
if no predominant use, list uses & Gross Building Space (S.F.) of each use. 8.
(if additional space Is needed, attach page) [A.R.S. 42-6203(G)]:
Number of Parking Spaces in a Parking Garage or Deck [A.R.S. 42-62031: 9. 1055
Number of Parking Spaces Leased in a Parking Garage or Deck 10. 526
Abatement Certification:
Claim of Exemption [A.R.& 42-6208): .11.
Claim of Abatement [A.R.S. 42-6209]: ;12.
Government Property Lease Excise Tax Computation:
I
Property Lease Excise Tax Rate [A,R.S. 42-6203(A)]: 13. 81.75
Age of Property Factor [A.R.S. 42-6203(B)j: 14. 40%
Property Outside of Redevelopment Area Factor [A.R.S. 42-6203(D)], if after 6/30/96: 15.
Special Rate for Leases/Agreements Predating 411/85 [A.R.S. 42-6203(E)]: 16.
Special Location Factor; Redevelopment Area [A.R.S. 42-6203(F)1: 17.
Pro Rata Adjustment for Partial Year [A.R.S. 42-6203(H)j: 18.
Lease Excise Tax Due on Leased Gross Building Space: 19a. $98,272
Additional Lease Excise Tax Due on Leased Gross Building Space: 19b.
Tax @ $1001 Parking Space [A.R.S. 42-6203(A)(8)]: 20. 821,040
520 non-State Gov't spaces @ $100/per = $ 52,600 x 40%
Total Tax Due: 21. 8119,312
(The computed taxes are due and payable to the Treasurer on or before December 1, 2017.)
am an authorized representative of the owner and I certify that the information reported herein
is true to the best of my knowledge.
+6
afthozwe
Name (Print): Michell Patricia Miles Signature:
Title: Senior Real Estate Manager Date: 414/2017

FENNEMORE CRAIG, P.C.
2394 East Came back 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@fdavr.corn Nogales (520) 281-3480
Phoenix (602) 916-5000
Reno (775) 788-2200
Tucson (520) 879-6800
March 22, 2017
Via Email and U.S. Mail
Mr. Paul D. Petersen
Maricopa County Assessor
301 West Jefferson
Phoenix, Arizona 85003
humphreyd001@mail.maricopa.gov
Re: Arizona State Retirement System
Parcel 4118-37-021P; 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 2017 for that parcel.
Please call me if you have any questions.
Sincerely,
FENNEMORE CRAIG, P.C.
cc: Michell Miles (via email)
Tom Rief (via email)
12711107

ARIZONA RETIREMENT FUND 2017
2017 GPLET CALCULATION (Not official—for purpose of verifying calculation only.)
Parcel #: 118-37-021P
Building Description: Office
Number of Stories: 26
Construction Year: 1980
Gross Square Footage: 363,655
ASRS Square Footage: 71,847 (this is a gov't party)
AZ Dept of Education 83,043 (this is a gov't party)
GSA/EEOC 24,830 (this is a gov't party)
Leased (to non-State
Governmental parties) Square
Footage: 140,389 x $1.75 per s.f. = $245,681
Vacant Square Footage: 43,646 12.0%
$245,681 40°4 @ 37 yrs... $98,272
Total Parking Garage Spaces 1,055
Spaces Leased -526x $100 por s.f. $52,600
$52,600 x 49% 37 @ yrs $21,040
TOTAL $119,312
Age Depreciation Factor
0 9 1
10 19 0.8
20 29 0.6
30 39 0.4
40 49 0.2
50
Gross Building Space - 363,655 100.00%
Occupied by ASRS Fund 71,847 19.76%
Occupied by AZ Dept Education 83,043 22.84%
Occupied by GSA/ EEOC 24,830 6.83%
Leased to Non-Gov Parties 140,389 38,60%
Vacant 43,546 11.97%
100.00%