Page 314 - FY 2021-22 Blue Book Volume 2

Capital Finance Administration Fund

36. Police Vehicles 2017 Lease Purchase

The proceeds of this lease purchase were used to purchase 180 black and white vehicles, 152 undercover
vehicles, and 130 emergency vehicles that had met or exceeded the extended replacement criteria for the
Police Department.

Lessor: JP Morgan Chase Bank, N.A
Amount of Principal: $ 21,110,000
Principal Outstanding, July 1, 2021: 7,016,413
Final Payment: 2022-23

2021-22 Police Vehicle Lease Payment $ 3,587,249

37. Police and Fire Radios 2017 Lease Purchase

The proceeds of this lease purchase financing were used to purchase 11,500 Police handheld radios, 4,500
Police vehicle radios, 3,500 Fire handheld radios, and related equipment for the Police and Fire Departments.

Lessor: Motorola Solutions, Inc.
Amount of Principal: $ 61,208,432
Principal Outstanding, July 1, 2021: 35,746,483
Final Payment: 2024-25

2021-22 Police and Fire Radios Lease Payment $ 9,214,286

38. MICLA Commercial Paper Program (Lease Revenue Notes)

The MICLA commercial paper (CP) program is authorized to issue up to $425 million in lease revenue CP
notes to finance and refinance capital equipment, the acquisition and improvement of real property, and other
financing needs of the City. The lease payment amount pays for interest expenses and all fees related to the
CP Program. Additional funds are budgeted to retire certain CP notes in 2021-22.

Lessor: Municipal Improvement Corporation of Los Angeles
2021-22 MICLA Commercial Paper Program Lease Payment: $ 19,245,868

39. Refunding of Commercial Paper

Approximately every year, outstanding MICLA commercial paper notes are refinanced into long-term bonds
when the maximum capacity is approached. This amount represents the estimated debt service payments to
be paid on future obligations that is expected to be issued in 2021-22.

Lessor: Municipal Improvement Corporation of Los Angeles
2021-22 Commercial Paper Program Refinancing Lease Payment: $ 11,000,000

40. Los Angeles Convention Center Commercial (LACC) Paper Program (Lease Revenue Notes)

The LACC MICLA Commercial Paper Program was established to effectively manage capital expenditures
and subsequent bond issuances. This amount is an estimate of the lease payment and related fees to be paid
in 2021-22.

2021-22 LACC Commercial Paper Lease Payment: $ 2,000,000

41. General Administration

Funds are provided for arbitrage calculations, municipal advisory services, tax filings, and related
administrative expenses.

Amount required: $ 350,000

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