Government Capital Corporation

Government Capital Corporatoin is a leading public finance firm offering its clients a broad range of financing solutions.

Mike Avery

FRANKLIN USES LaMATS COOPERATIVE PROGRAM FOR PUBLIC WORKS EQUIPMENT ACQUISITION

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city of franklin FRANKLIN, LA (November 28, 2017) – The City of Franklin announced today their successful funding of equipment additions for the City’s public works department. The new equipment will replace existing equipment that had been in service approximately 15 years.

The City selected the Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) cooperative lease purchase program administered by Government Capital Corporation (GCC) as the most economical financing solution. “The process was straightforward, and a quick, easy, cost-effective method to finance much needed equipment. Government Capital Corporation made the process smooth. They walked me through each step of the process and responded quickly to our questions and needs so that the funding was completed in a timely manner,” stated Franklin Mayor Raymond Harris, Jr.

LaMATS Executive Director Cliff Palmer stated, “When any municipality is considering a lease-purchase of moveable equipment, our cooperative lease purchase program with Government Capital is a great option.”

About Franklin, Louisiana: Franklin is located along the Bayou Teche in St. Mary Parish. Founded in 1808 as Carlin’s Settlement and then named for Benjamin Franklin, Franklin became the parish seat in 1811. Sugar cane and lumber were the major exports, and the bayou was the conduit for steamboats carrying trade goods of the day. Lumber became the major industry with 11 saw mills operating by 1869. Main Street became the site of the town’s earliest development, and the business district expanded to include hotels, commercial establishments and antebellum homes. Today, Franklin is a modern town with a population of about 7,800. For more information: www.franklin-la.com


About Louisiana Municipal Advisory and Technical Services Bureau (LaMATS): The Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) was established in 1999 and is a wholly-owned subsidiary of the Louisiana Municipal Association (LMA). The mission of LaMATS is to bring economical and efficient services that assist the LMA membership with their day-to-day business. LaMATS offers a variety of services and programs including: The Insurance Premium Tax Collection Program, The Occupational License Tax Program, Delinquent Property Tax Sale, Capital Outlay Consulting, etc. For more information: www.lamats.net

About Government Capital Corporation: Government Capital Corporation is a leading public finance firm providing professional financial services to municipalities, parishes, fire districts, schools and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Louisiana and across the country. For more information:
www.govcap.com, Marti Sauls, 800-883-1199, Direct 817-722-0227, Marti.Sauls@govcap.com

 

Falls City School District No. 57 Constructs New Gym

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Falls City, Oregon

(December 12, 2017) – Falls City School District No. 57 announced today its plans to construct a new gymnasium. The new facility will host volleyball and basketball games with locker rooms for each team, as well as much needed classrooms.
Superintendent Art Houghtaling and Business Manager Debbie Pavon spearheaded the search for funding and the district chose Government Capital Corporation (GCC) to finance Phase I of the project, without the need to issue bonds. To get the project underway, $700,000 was secured to hire an architect and build the shell of the new facility for the students. GCC partnered with attorney James Shannon of Mersereau Shannon LLP in Portland (www.mershanlaw.com), who provided the attorney opinion, legal counsel and all necessary documents.

“Government Capital Corporation provided our district the option we were looking for. Our students have needed this for quite some time and now Falls City can move forward. Soon there will be the additional space for an indoor PE facility, volleyball and basketball practices & games and the added classroom space as the district’s enrollment continues to grow. This is a huge undertaking without issuing bonds, so we’re going to start with Phase I,” stated Debbie Pavon, the district’s Business Manager. “The GCC team is so knowledgeable and easy to talk with. They made the adventure of finding funding much easier.”

Art Houghtaling, Superintendent of Falls City School District said, “When I first heard of GCC, I thought this was too good to be true. I researched them and asked a couple of other school districts for their thoughts about GCC and they all said it was a great company to work with. Without this loan, we would not be able to have a warm and dry place for our kids to play in during the winter months here in Oregon. Thank you to the folks at GCC.”

Ms. Pavon also added, “Once we have Phase I completed, hopefully within a year, we’ll be looking at the next steps with Phase II and III. The most important aspect of any project like this is funding. We may be pursuing another bond and/or grants to add restrooms, basketball and volleyball courts and classroom space. We’re hoping the community will see the need and will reconsider, and approve, a bond. You don’t come across a district of this size, growing at the rate it is, with the remarkable students we have, and not do anything about it.”

About Falls City School District No. 57

Falls City School District No. 57 is located in Falls City, Oregon, in Polk County and serves approximately 200 students. The District’s mission is to provide well-rounded opportunities for students to become productive, positive citizens and life-long learners. Meeting kids where they are and inspiring them to reach their full potential is their guiding principle. For more information: www.fallscityschools.org
www.facebook.com/fallscityschools

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: 800-883-1199, www.govcap.com

Lexington ISD Goes LED!

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lexington isd mascotLexington Independent School District No. 57
Upgrades Lighting to LED

Lexington, Oklahoma (January 23, 2017) – Lexington Independent School District No. 57 announced that LED lighting upgrades are currently being installed throughout its district facilities. Other school districts who have utilized the lighting for an extended period of time report that switching to LED lighting creates a positive effect on student behavior and reduces tension headaches of staff.

Lexington ISD chose the tax-exempt lease purchase offering by Government Capital Corporation (GCC) as the most cost-effective way to finance the project. This financing mechanism covered equipment, installation and ancillary costs associated with the upgrade. The energy savings from the new LED lighting will provide funds for the lease payments over the life of the contract. [Read more…] about Lexington ISD Goes LED!