County of Los Angeles Redevelopment Refunding Authority
CUSIP 54465AAU6
- Issue Currency: United States of America Dollars
- Announcement Date: 07-Oct-2016
- News: NOTICE IS HEREBY GIVEN pursuant to Section 4(b)(vii) of that certain Continuing Disclosure Agreement, dated as of December I, 2013, by and between the County of Los Angeles Redevelopment Refunding Authority and CRA/LA, a Designated Local Authority and Successor Agency to The Community Redevelopment Agency of the City of Los Angeles (""CRA/LA""), of: (i) the resignation of MUFG Union Bank, N.A (formerly known as Union Bank, N.A.), as fiscal agent under the Fiscal Agent Agreement, dated as of June I, 2002, as amended and supplemented by the Fourth Supplement to Fiscal Agent Agreement, dated as of December 1, 2013 (the ""FAA""), by and between CRA/LA and MUFG Union Bank, N.A.; and (ii) the appointment of U.S. Bank National Association as fiscal agent under the FAA. The matters disclosed in clauses (i) and (ii) above are effective as ofOctober 3, 2016. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 01-Oct-2016
- News: NOTICE IS HEREBY GIVEN pursuant to Section 4(b)(vii) of that certain Continuing Disclosure Agreement, dated as of December I, 2013, by and between the County of Los Angeles Redevelopment Refunding Authority and CRA/LA, a Designated Local Authority and Successor Agency to The Community Redevelopment Agency of the City of Los Angeles (""CRA/LA""), of: (i) the resignation of MUFG Union Bank, N.A (formerly known as Union Bank, N.A.), as fiscal agent under the Fiscal Agent Agreement, dated as of June I, 2002, as amended and supplemented by the Fourth Supplement to Fiscal Agent Agreement, dated as of December 1, 2013 (the ""FAA""), by and between CRA/LA and MUFG Union Bank, N.A.; and (ii) the appointment of U.S. Bank National Association as fiscal agent under the FAA. The matters disclosed in clauses (i) and (ii) above are effective as ofOctober 3, 2016. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 12-Sep-2018
- News: S&P Global Ratings raised its long-term rating to `BBB+` from `BBB` on the Los Angeles County Redevelopment Refunding Authority (CLARRA), Calif.`s series 2013F tax allocation revenue refunding bonds (TARRBs), issued on behalf of the Successor Agency (SA) to the Lynwood Redevelopment Agency. The outlook is stable. The rating action reflects our view of the continued growth in the Alameda Project Area, resulting in stronger coverage levels and a lower volatility ratio. Payments on the series 2013A local obligation bonds issued by the successor agency (SA) to the redevelopment agency (RDA) for its Alameda Project Area secure the authority`s 2013F bonds. The series 2013A local obligation bonds are secured by pledged tax-increment revenue attributable to the Alameda Project Area, net of former housing set-aside revenue and net of certain pass-through and administrative payments. Los Angeles County created the CLARRA to assist SAs within the county with refunding their tax allocation bonds under the dissolution law. Under the program, SA participants issue tax allocation refunding bonds (local obligations), which the CLARRA purchased with proceeds of the series 2013F TARRBs. The CLARRA TARRBs are secured by payments on the Lynwood SA`s series 2013A local obligation bond received by the authority structured to 1.0x authority debt service. For Bond Document please visit www.BondPDF.com
