ASRS-BOS.PDF

301 West Jefferson Street
Paul D. Petersen Phoenix, Arizona 85003
Phone: (602) 50G-3406
Assessor www.maricopa.gov/assessor
Mar icopa County
June 4, 2014
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:
Enclose is a copy of the 2014 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 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 CGPLEF"). 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 2014. 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" 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, 2014. The Form (Government Property Lease Excise Tax Form) was completed and
approved by representatives of the "ASRS". We have checked the computation on the 2014 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 2014 to be $ 110,469.00.
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 me or Thomas Rief in my
office at (602) 506-7219.
Sincerely,
Timothy Boncoskey; Chief Deputy Assessor
for
Paul D. Petersen; Maricopa County Assessor
Enclosure
cc: Charles "Hos" Hoskins; Treasurer
David Browning; Treasurer's Office
Patrick Irvine; Fennemore Craig, P.C.
Michell Miles; CBRE
Thomas Rief; Assessor's Office

MARICOPA COUNTY ASSESSOR'S OFFICE
Government Property Lease Excise Tax Form
2014 Reporting Period
Owner Name: Arizona State Retirement System
Owner Mailing Address: Arizona State Retirement System, do CBRE, Inc., 3300N Central Avenue, Suite 1100, Phoenix, AZ 85012
Contact Person: Michell Patricia Miles, Senior Real Estate Manager
602-279-4948 or michell.miles@cbre.corn
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)4]: 1. APRIL 1980
Lease, Development Agreement or Aquisition Date [A.R.S.42-6203(D)]: . 2. AUGUST 1992
Gross Building Space (S.F.) [A.R.S. 42-6201(3)1: -3. 363,655
Gross Building Space Occupied by Fund: 4. 71,847
Gross Building Space Leased to Non-Governmental Parties: 5. 158,071
For Office Buildings, Number of Floors Above Ground (A.R.S. 42-6203(A)J: 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)11:
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 W. 430
Abatement Certification:
Claim of Exemption [A.R.S. 42-62081: 11.
Claim of Abatement (A.R.S. 42-62091: 12.
Government Property Lease Excise Tax Computation:
Property Lease Excise Tax Rate [A.R.S. 42-6203(A)]: 13. 51.75
Age of Property Factor [A.R.S.42-6203(B)]: 14. 40%
Property Outside of Redevelopment Area Factor [A.R.S. 42-6203(D)1, if after 6/30/96: 15.
Special Rate for Leases/Agreements Predating 4/1185 [A.R.S. 42-6203(E)1: 16.
Special Location Factor; Redevelopment Area [A.R.S. 42-6203(F)]: 17.
Pro Rata Adjustment for Partial Year [A.R.S. 42-6203(H)]: 18.
Lease Excise Tax Due on Leased Gross Building Space: 19a. $93,269
Additional Lease Excise Tax Due on Leased Gross Building Space: 196.
Tax @ $100 1 Parking Space [A.R.S. 42-6203(A)(8)]: 20. 517,200
430 non-Slate Gov't spaces a $100/per = $ 43,000 x 40%
Total Tax Due: 21. 8110,469
(Me computed taxes are due and payable to the Treasurer on or before December 1, 2014.)
I am an authorized representative of the owner and I certify that the information reported herein
is true to the best of my knowledge.
Name (Print): Michell Patricia Miles Signature:
Title: Date: 4/23/2014

SCHEDULE OF EVENTS: 2014 Arizona Retirement System
On or Before:
April 1 Tax Election Letter from System to Assessor (Statutory)
May 1 Mailing of Blank Reporting Form with Cover Letter from
Assessor's Office to System—Request for Property Data
Necessary for Lease Tax Calculation (Internal)
May 30 Submittal of Completed Reporting Form by System to
Assessor's Office
June 9 Delivery of System's Reporting Form with Cover Memo to
Paul Petersen for signature. (Internal)
June 16 Transmittal of System's Reporting Form from Paul Petersen
to Fran McCarroll, Clerk of the Maricopa County Board of
Supervisors (Statutory-3 rd Monday in June)
December 1 Payment of Lease Tax Total on Reporting Form to Treasurer
(Statutory)