Page 346 - 2022-23 Blue Book Vol 2

Capital Finance Administration Fund

4. 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, 2022: 12,905,000
Final Payment: 2022-23

2022-23 MICLA 2015-A (LA Convention Center) Lease Payment: $ 13,136,774

5. 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, 2022: 3,385,000
Final Payment: 2022-23

2022-23 MICLA 2015-A (Refunding of Staples 1998-A) Lease Payment: $ 3,445,795
6. Reserve for Convention Center Expansion Future Debt Issuance

This amount represents the potential debt service payments on future obligations associated with the Los
Angeles Convention Center Expansion Project.

2022-23 Reserve for Convention Center Future Debt Issuance Lease Payment: $ 34,077,356

7. MICLA Street Lighting 2016 (Lease Obligations)

The proceeds from this issuance were used to refinance Bureau of Street Lighting outstanding loans and
provide future funding for 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: $ 26,368,865
Principal Outstanding, July 1, 2022: 6,997,334
Final Payment: 2023-24
2022-23 MICLA Street lighting 2016 Lease Payment: $ 3,587,880

8. MICLA Lease Revenue Bonds, Refunding Series 2016-A (Capital Equipment)

The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment items and refund MICLA 2008-A bonds, previously used to purchase capital
equipment.

Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 125,235,000
Principal Outstanding, July 1, 2022: 69,695,000
Final Payment: 2026-27

2022-23 MICLA 2016-A (Capital Equipment) Lease Payment $ 14,711,225
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