Altoona-Midway Unified School District No. 387 Undertakes Renovation Projects and Acquires New Equipment
Buffalo, Kansas (August 22, 2017) – Altoona-Midway Unified School District No. 387 has announced the commencement of multiple renovation projects. Included are new roofs and heating, ventilation and air conditioning (HVAC) for the Middle School/High School, lights for the Middle School/High School parking lot and softball stadium, track resurfacing, and playground equipment. The approximately $1.3 million undertaking was financed by Government Capital Corporation.
The unique financing structure included two separate transactions – one for real property and one for personal property. Another distinctive feature is that the roofing is considered freestanding – it’s bolted on top of the existing roof. Therefore, it is financed as personal property instead of real property, as roofs traditionally are categorized.
Mr. Brent Kaempfe, Superintendent of Altoona-Midway USD, stated, “With the difficulties Kansas school districts are facing with funding, I was pleased to find a solution with Government Capital Corporation to secure the funds necessary to meet our needs.”
“Upgrades and improvement of educational facilities create comfortable places for students to learn and staff to teach. This project will positively impact every student in the district and we are proud to partner with Altoona-Midway USD to make it happen,” said Michelle Sanders, Client Services Representative of Government Capital Corporation.
About Altoona-Midway Unified School District No. 387
Altoona-Midway USD 387 is located in Buffalo, Kansas, in Wilson County. The school district operates a KAY Club for character building and leadership training as well as FCCLA: Family, Careers, and Community Leaders of America. Future Farmers of America, Volleyball and the ‘Forensics’ Speech/Drama Club are also very successful. For more information: www.usd387.org
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to school districts and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings across the country. For more information: www.govcap.com, 800-883-1199.
