Page 365 - FY 2020-21 Blue Book Volume II

Capital Finance Administration Fund

8. MICLA Lease Revenue Bonds, Series 2012-A (Capital Equipment)

The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment items.

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 92,635,000
Principal Outstanding, July 1, 2020: 23,155,000
Final Payment: 2021-22

2020-21 MICLA 2012-A (Capital Equipment) Lease Payment: $ 12,452,750

9. MICLA Lease Revenue Bonds, Series 2012-B (Real Property)

The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed for the
capital improvements to various City facilities. Lease payments are partially derived from the Special Parking
Revenue Fund (Schedule 11).

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 33,975,000
Principal Outstanding, July 1, 2020: 28,310,000
Final Payment: 2041-42

2020-21 MICLA 2012-B (Real Property) Lease Payment: $ 2,088,575

10. MICLA Lease Revenue Bonds, Refunding Series 2012-C (Real Property)

The proceeds of this issuance were used to refund the following outstanding obligations: 1) Certificates of
Participation (Real Property Program AQ); 2) Certificates of Participation (Real Property AR-1); 3) Certificates
of Participation (Real Property Improvements AR), Series 2004; 4) Certificates of Participation (Equipment and
Real Property Acquisition Program AU); and, 5) Certificates of Participation (Real Property Improvement
Program T), resulting in savings to the City. The refunded obligations were used for the construction of a
police station, a parking structure, the Motor Transport Division facility, neighborhood city halls, land
acquisitions for the construction of various City facilities, the City’s share of a joint development with the State
of California Department of Transportation (CalTrans), the retrofit and fire life safety improvements of City Hall
East, and the acquisition of miscellaneous vehicles, fire apparatus, and police vehicles.

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 109,730,000
Principal Outstanding, July 1, 2020: 61,375,000
Final Payment: 2031-32

2020-21 MICLA 2012-C (Refunding of AQ, AR-1, AR, AU, and T) Lease Payment: $ 10,209,550

11. MICLA Street Lighting 2013 (Lease Obligations)

The proceeds from this issuance were used to refinance Bureau of Street Lighting outstanding loans through
the Energy Resources Conservation and Development Commission and Department of Water and Power.
This issuance was completed through a direct loan with a bank. Lease payments are paid from the Street
Lighting Maintenance Assessment Fund (Schedule 19).

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 39,795,479
Principal Outstanding, July 1, 2020: 753,666
Final Payment: 2020-21

2020-21 Street Lighting 2013 Lease Payment: $ 774,694

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