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301 West Jefferson Street
Phoenix, Arizona 85003
Phone: (602) 506-3406
http://mcassessor.maricopa.gov/
Eddie Cook
Maricopa County Assessor
4-8-2020
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 2020 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 2020. 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, 2020. The form (Government Property Lease Excise
Tax Form) was completed and approved by representatives of the "ASRS". We have checked the
computation on the 2020 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 2020 to be $26,945.00.
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 you have any questions please contact my
Assistant Chief Deputy, Lesley Kratz at (602) 506-7154.
Sincerely,
CD---46-k_ 1
Eddie Cook
Maricopa County Assessor
Enclosure
cc:
Royce Flora;
Patrick Irvine;
Michell Miles;
Lesley Kratz;
Treasurer
Fennemore Craig, P.C.
CBRE
Assessor's Office
FENNEMORE CRAIG, P.C.
2394 East Cainelback Road, Suite 600
Phoenix, Arizona 85016-3429
(602) 916-5000
Patrick Irvine
Direct Phone: (602) 916-5406
Direct Fax: (602) 916-5606
pirvine@felaw.cont
Law Offices
Denver
(303) 291-3200
Las Vegas (702) 692-8000
Nogales
(520) 281-3180
Phoenix
(602) 916-5000
Reno
(775) 788-2200
Tucson
(520) 879-6800
March 16, 2020
VIA REGULAR MAIL
Mr. Eddie Cook
Maricopa County Assessor
301 West Jefferson
Phoenix, Arizona 85003
Re:
Arizona State Retirement System
Parcel #1 18-37-021P; 3300 N. Central, Phoenix, Arizona
Dear Mr. Cook:
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 2020 for that parcel.
Please call me if you have any questions.
Sincerely,
FEkils+EMQRE CRAIG, P.C.
cc:
Michell Miles (via email: Michell.Miles@cbre.com)
Lesley Kratz (via email: Lesley.Kratz@Maricopa.Gov)
Gregory Gingel (via email: Gregory,Gingell@Maricopa.Gov)
Signature
Matieopa County Assessor
Eddie Cook
overnm it_filit'lq‘q
Tax Rei)orting ortn Al
(For properties subject to A.R.S §42-11102(C) with a predominate use using tax rates established by A.R.S §42-6203(A))
Reporting Year:
2020
1. Subject Property Identification Information
Owner Name: ARIZONA STATE RETIREMENT SYSTEM
Mailing Address: 3300 NORTH CENTRAL AVENUE, SUITE 1100, PHOENIX, ARIZONA 85012
Property Name (if applicable): 3300 NORTH CENTRAL (FICA "3300 TOWER")
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 leased area In square feet):
OFFICE
0, Building space (square feet) leased for non-governmental use: 64,413
E. Number of leased parking spaces within a parking garage or deck: 220
3. Leased Improvement Tax Rate & Calculation
A. Improvement tax rate: $1.75
B. Age of property factor (%):
20%
C, Effective tax rate (multiply Item 3A by Item 35): $ 0.35
O, Leased Improvement Tax: (Item 20) 64,413 x (Item 3C) $ 0.35
$ 22,545
4. Leased Parking Space Tax Rate & Calculation
A. Parking space tax rate: $ 100.00
B. Age of property factor (%):
20%
C. Effective tax rate (multiply Item 44 by Item 45): $ 20.00
D. Parking Space Improvement Tax: (Item 2E)
220
x (Item 4C) $20.00
= $ 4,400
5. Total Government Property Lease Tax
(Item 3D) $ 22,545
4. (Item 40) $4,400
$ 26,946
6. System or Plan Representative Information
Name: MICHELL PATRICIA MILES
Title: SENIOR REAL ESTATE MANAGER
Employer/ Address: CBRE, INC./2575 E. CAMELBACK ROAD, 5TH FLOOR, PHOENIX, AZ 85016
ADM/SD 0818 E 030220
Date 03102/2020