Page 310 - FY 2021-22 Blue Book Volume 2

Capital Finance Administration Fund

19. MICLA Lease Revenue Bonds, Refunding Series 2016-B (Police Headquarters Facility)

The proceeds of these bonds were used to refund MICLA 2006-A bonds, which were in large part used to
construct the Police Headquarters Facility. A lesser part of these proceeds were used to refinance MICLA
Commercial Paper Notes used to make capital improvements to various City facilities. This issuance also
provided financing for new capital improvements to various City facilities, including the Police Headquarters
Facility.

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 281,480,000
Principal Outstanding, July 1, 2021: 236,540,000
Final Payment: 2039-40

2021-22 MICLA 2016-B (Police Headquarters) Lease Payment: $ 20,849,575

20. MICLA Lease Revenue Bonds, Refunding Series 2016-B (Public Works Building)

The proceeds of these bonds were used to refund MICLA 2006-A bonds, which were used in part to construct
the Public Works Building. Lease payments are partly derived from the Sewer Construction and Maintenance
Fund (Schedule 14).

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 127,365,000
Principal Outstanding, July 1, 2021: 108,340,000
Final Payment: 2039-40

2021-22 MICLA 2016-B (Public Works Building) Lease Payment: $ 9,345,700

21. MICLA Street Lighting 2017 (Lease Obligations)

The proceeds from this issuance were used to fund the conversion of existing streetlights to energy efficient
Light Emitting Diode (LED) lighting and other improvements to the City’s street lighting system. 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: $ 39,297,800
Principal Outstanding, July 1, 2021: 24,792,673
Final Payment: 2026-27

2021-22 MICLA Street Lighting 2017 Lease Payment: $ 4,469,649

22. MICLA Lease Revenue Bonds, Series 2018-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: $ 54,430,000
Principal Outstanding, July 1, 2021: 41,320,000
Final Payment: 2027-28

2021-22 MICLA 2018-A (Capital Equipment) Lease Payment $ 6,994,625

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