Los Angeles

LA County Board

May 21, 2024 Item #102

Agenda Item 102

102. Capital Asset Leasing Corporation Lease Revenue Note Program\nRecommendation: Adopt a resolution authorizing the execution and delivery of\nvarious legal documents related to the restructuring of the Los Angeles County\nCapital Asset Leasing Corporation (LACCAL) Note Program in order to provide\nfor the issuance of lease revenue commercial paper notes in an aggregate\nprincipal amount not to exceed $750,000,000, and approving additional actions\nwith respect thereto; and approve introduction of an ordinance authorizing a\npublic leaseback of 15 real property assets owned by the County to LACCAL\npursuant to a Site Lease and Sublease by and between the County and\nLACCAL. (Treasurer and Tax Collector) ADOPT 4-VOTES (Relates to\nAgenda No. 98) (24-1798)