Page 350 - 2022-23 Blue Book Vol 2
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Capital Finance Administration Fund
22. MICLA Lease Revenue Refunding Bonds, Series 2021-A (Capital Equipment and Real Property)
(Taxable)
The proceeds of these taxable bonds were used to advance refund the MICLA Lease Revenue Bonds, Series
2014-A (Real Property), MICLA Lease Revenue Refunding Bonds, Series 2014-B (Real Property), MICLA
Lease Revenue Bonds, Series 2019-A (Capital Equipment), and MICLA Lease Revenue Refunding Bonds,
Series 2019-B (Real Property).
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 177,470,000
Principal Outstanding, July 1, 2022: 172,405,000
Final Payment: 2038-39
2022-23 MICLA 2021-A (Capital Equipment & Real Property) Lease Payment $ 21,995,050
23. MICLA Lease Revenue Refunding Bonds, Series 2021-B (Capital Equipment and Real Property)
The proceeds of these bonds were used to refund the MICLA Lease Revenue Bonds, Series 2019-A (Capital
Equipment) and MICLA Lease Revenue Refunding Bonds, Series 2019-B (Real Property).
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 60,481,000
Principal Outstanding, July 1, 2022: 60,481,000
Final Payment: 2038-39
2022-23 MICLA 2021-B (Capital Equipment & Real Property) Lease Payment $ 3,024,050
24. MICLA Lease Revenue Bonds, Series 2021-C (Capital Equipment and Real Property)
The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment and real property and for capital improvements to various City facilities.
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 154,205,000
Principal Outstanding, July 1, 2022: 154,205,000
Final Payment: 2041-42
2022-23 MICLA 2021-C (Capital Equipment & Real Property) Lease Payment $ 15,261,625
25. Debt Service on Economic and Workforce Development Department (EWDD) Projects
This item reflects annual debt service payments on three projects: Chesterfield Square (C.F. 00-1579-S2),
Lawry’s California Center (C.F. 98-1953), and Plaza Pacoima (C.F. 08-1811). Administration of these projects
remains with EWDD.
2022-23 Debt Service on EWDD Projects: $ 1,369,316
26. Refinancing of Parking Revenue Bonds (Lease Revenue Notes)
In November 2013, MICLA Commercial Paper notes were issued to redeem the 1999-A and 2003-A Parking
Revenue Bonds. Lease payments are paid from the Special Parking Revenue Fund (Schedule 11).
2022-23 Commercial Paper Lease Payment: $ 4,181,002
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