Page 312 - FY 2021-22 Blue Book Volume 2

Capital Finance Administration Fund

27. MICLA Lease Revenue Bonds, Series 2019-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 and for the refunding of the MICLA Lease Revenue Bonds,
Series 2009-D (Recovery Zone Economic Development Bonds). 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: $ 102,750,000
Principal Outstanding, July 1, 2021: --
Final Payment: --

2021-22 MICLA 2019-B (Real Property) Lease Payment $ --

28. MICLA Street Lighting 2020 (Lease Obligations)

The proceeds from this issuance will be used to fund the final conversions of existing streetlights to energy
efficient light emitting diode (LED) lighting and other improvements to the City’s street lighting system. Lease
payments will be paid from the Street Lighting Maintenance Assessment Fund (Schedule 19).

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 9,088,273
Principal Outstanding, July 1, 2021: 9,088,273
Final Payment: 2030-31

2021-22 MICLA Street Lighting 2020 Lease Payment: $ 988,184

29. MICLA Lease Revenue Bonds, Series 2020-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: $ 84,725,000
Principal Outstanding, July 1, 2021: 84,725,000
Final Payment: 2030-31

2021-22 MICLA 2020-A (Capital Equipment) Lease Payment $ 10,763,875

30. MICLA Lease Revenue Refunding Bonds, Series 2020-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 and for the refunding of the MICLA Lease Obligations, Series
2014 (Capital Equipment).

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 80,850,000
Principal Outstanding, July 1, 2021: 74,625,000
Final Payment: 2040-41

2021-22 MICLA 2020-B (Real Property) Lease Payment $ 11,292,375

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