Page 349 - 2022-23 Blue Book Vol 2
P. 349
Capital Finance Administration Fund
18. 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, 2022: 8,301,948
Final Payment: 2030-31
2022-23 MICLA Street Lighting 2020 Lease Payment: $ 988,184
19. 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, 2022: 78,030,000
Final Payment: 2030-31
2022-23 MICLA 2020-A (Capital Equipment) Lease Payment $ 10,765,500
20. 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, 2022: 66,870,000
Final Payment: 2040-41
2022-23 MICLA 2020-B (Real Property) Lease Payment $ 11,289,750
21. MICLA Lease Revenue Refunding Bonds, Series 2020-C (Real Property - Taxable)
The proceeds of these taxable bonds were used to refund MICLA Lease Revenue Bonds, Series 2012-A
(Capital Equipment), MICLA Lease Revenue Bonds, Series 2012-B (Real Property), and MICLA Lease
Revenue Refunding Bonds, Series 2012-C (Real Property).
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 102,265,000
Principal Outstanding, July 1, 2022: 79,075,000
Final Payment: 2041-42
2022-23 MICLA 2020-C (Real Property) Lease Payment $ 11,841,139
885