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

















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