Budget & Finance

(7)\n25-0326\nCity Administrative Officer report relative to the extension of expiration dates for\nthe existing Letter of Credit (LOC) facilities supporting the payment of\nCommercial Paper (CP) notes in the aggregate principal amount of $425\nmillion under the Municipal Improvement Corporation of Los Angeles (MICLA)\nlease revenue CP note program, and the existing LOC facility supporting the\npayment of CP notes in the aggregate principal amount of $100 million under\nthe MICLA lease revenue CP Note Program (Los Angeles Convention Center),\nand the execution of related documents and amendments and related actions\nin connection with such extensions and such CP Note Programs.\nFiscal Impact Statement: Yes\nFinancial Policies Statement: Yes\nDebt Impact Statement: Yes\nPost