Page 311 - FY 2021-22 Blue Book Volume 2
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Capital Finance Administration Fund
23. MICLA Lease Revenue Bonds, Series 2018-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.
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 31,270,000
Principal Outstanding, July 1, 2021: 28,650,000
Final Payment: 2037-38
2021-22 MICLA 2018-B (Real Property) Lease Payment $ 2,500,125
24. MICLA Lease Revenue Refunding Bonds, Series 2018-C (Real Property - Taxable)
The proceeds of these taxable bonds were used to refund MICLA AK Taxable Certificates of Participation
(Hollywood and Highland Project, Dolby Theater).
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 25,630,000
Principal Outstanding, July 1, 2021: 18,865,000
Final Payment: 2027-28
2021-22 MICLA 2018-C (Real Property) Lease Payment $ 3,000,234
25. MICLA Street Lighting 2019 (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: $ 17,845,462
Principal Outstanding, July 1, 2021: 17,845,462
Final Payment: 2028-29
2021-22 MICLA Street Lighting 2019 Lease Payment: $ 2,177,501
26. MICLA Lease Revenue Bonds, Series 2019-A (Capital Equipment)
The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment items. 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: $ 86,610,000
Principal Outstanding, July 1, 2021: --
Final Payment: --
2021-22 MICLA 2019-A (Capital Equipment) Lease Payment $ --
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