Page 308 - FY 2021-22 Blue Book Volume 2

Capital Finance Administration Fund

11. MICLA Lease Revenue Bonds, Refunding Series 2014-B (Real Property)

The proceeds of this issuance were used to refund the following obligations: 1) Central Library Refunding,
Program AT (Certificates of Participation, 2002) and 2) Real Property Acquisition, Program AW (Certificates of
Participation, 2003), resulting in savings to the City. The refunded bonds were used for the construction and
installation of the East Wing of the Central Library Rehabilitation and Expansion Project and the acquisition of
the Marvin Braude Constituent Services Center building. These bonds were fully refunded in March 2021, thus
no further lease payments will be made under this issuance.

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 51,730,000
Principal Outstanding, July 1, 2021: --
Final Payment: --

2021-22 MICLA 2014-B (Refunding of AT and AW) Lease Payment: $ --

12. MICLA Lease Obligations, Series 2014 (Capital Equipment)

The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment items. This issuance was completed through a direct loan with a bank.
These obligations were fully refunded in August 2020, thus no further lease payments will be made under this
issuance.

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 67,257,597
Principal Outstanding, July 1, 2021: --
Final Payment: 2024-25

2021-22 MICLA 2014 (Capital Equipment) Lease Payment: $ --

13. MICLA Lease Revenue Bonds, Refunding Series 2015-A (Los Angeles Convention Center)

The majority of the proceeds of this issuance were used to refund the Los Angeles Convention Center and
Exhibition Center Authority Lease Revenue Bonds, Refunding Series 2008, which financed the construction,
design, and installation of improvements at the Los Angeles Convention Center. Proceeds were also used to
refinance MICLA Commercial Paper notes borrowed for capital improvements to the Los Angeles Convention
Center.
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 270,595,000
Principal Outstanding, July 1, 2021: 58,860,000
Final Payment: 2022-23

2021-22 MICLA 2015-A (LA Convention Center) Lease Payment: $ 47,207,136

14. MICLA Lease Revenue Bonds, Refunding Series 2015-A (Staples Arena, 1998-A)
The proceeds of this issuance were used to refund the Los Angeles Convention Center Taxable Lease
Revenue Bonds, Series 1998 (Staples Arena), which were used to fund a portion of the City’s contribution
towards the development of the Staples Center. Lease payments are paid from the Staples Center Trust Fund
(Schedule 31).

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 21,820,000
Principal Outstanding, July 1, 2021: 6,660,000
Final Payment: 2022-23

2021-22 MICLA 2015-A (Refunding of Staples 1998-A) Lease Payment: $ 3,452,789

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