ASRS-FENNEMORE-GOV PROPERTY LEASE TAX 2024.PDF
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FENNEMORE, Patrick irvine
Director
pirvine@fennemorelaw.com
2394 E. Camelback Road, Suite 600
Phoenix, Arizona 85016
PH (602) 916-5406 | FX (602) 916-5606
fennemorelaw.com
March 19, 2024
Via Hand-Delivery and Mail
Mr. Eddie Cook
Maricopa County Assessor
301 West Jefferson
Phoenix, Arizona 85003
Re: Arizona State Retirement System
Parcel #118-37-021P; 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 2024 for that parcel. Also enclosed is the
completed Maricopa County Assessor’s Office GPLET calculation form previously requested by
Mr. Greg Gingell of your office, showing GPLET due by December 1, 2024, of $199,800.
Please call me if you have any questions.
Sincerely,
FENNEMORE CRAIG, P.C.
Patrick Irvine
Enclosure
ce (via email): Michell Miles (Michell.Miles@cbre.com)
Gregory Gingell (Gregory.Gingell@Maricopa.Gov)
45787752
Maricopa County Assessor
Eddie Cook
Government Property Lease Tax Reporting Form Ai
(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: 2024
1. Subject Property Identification Information
Owner Name: ARIZONA STATE RETIREMENT SYSTEM
Mailing Address:_ASRS c/o CBRE, 3300 N. Central Ave. Ste 1100, Phx AZ 858012
Property Name (if applicable):_3300 North Central Avenue
Street Address: 3300 N Central Avenue, Phoenix AZ
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: APRIL 1980
B. Number of building floors above ground: 27
C. Predominate use of leased space (>85% leased area in square feet): OFFICE
D. Building space (square feet) leased for non-governmental use: 32.159
E. Number of leased parking spaces within a parking garage or deck: 116
3. Leased Improvement Tax Rate & Calculation
A. Improvement tax rate: $5.04 B. Age of property factor (%):
C. Effective tax rate (multiply Item 3A by Item 3B): $5.04
D. Leased Improvement Tax: (Item 2D)__32.159 x (Item 3C) $5.04 = $ 162.081
4. Leased Parking Space Tax Rate & Calculation
A. Parking space tax rate: $325.16 B. Age of property factor (%):
C. Effective tax rate (multiply Item 4A by Item 4B): $325.16
D, Parking Space Improvement Tax: (Item 2E)__116 _x (Item 4C) $325.16 = $ 37.719
5. Total Government Property Lease Tax
(Item 3D) $ 162.081 + (Item 4D) $37,719 = $199.800
6. System or Plan Representative Information
Name: Peake. yk TTRyine Title: Attolne
Employer / Address: 29 Y E£., Core lock Cute ba. heeaw AZ F502
Sante ws Date. Mare ({. 2024
ADM/SD 08:18 E 030220