Government Capital Corporation

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

GovCap

MARCOLA SCHOOL DISTRICT PURCHASES NEW PROPERTY FOR FUTURE GROWTH

By

Marcola, Oregon (September 2018) – Marcola School District recently purchased a property near the existing campus which will be used to expand their current CTE and STEM programs of study. The property includes a home which could potentially be used for staff housing and offices and ample land for future district expansion. Additionally, there is a farm on the property which will be used to implement a farm to school/community program and advance their agriculture and FFA programs. Marcola School District selected Government Capital Corporation as the most cost effective option to provide the unique financing.

“Government Capital’s process was straightforward, simple and clear. Securing the funds for this project could have been very complex. The terms provide budget flexibility and helped avoid the cost and delay associated with traditional debt financing,” said Bill Watkins, Superintendent.

“I want to congratulate Mr. Watkins and the Board for their foresight and leadership . This will benefit the District for many years,” stated Stephanie Cates, Government Capital Client Manager.

About Marcola School District No. 79J
The Marcola School District located in Lane County, Oregon, promotes academic excellence, ethical and responsible citizenship for all its students in a safe, supportive and enriched learning environment. The district believes that education should prepare students to succeed academically and socially so they can compete for quality jobs and become productive members of society. For more information, visit marcola.k12.or.us.

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 completed thousands of project financings in Oregon and across the country. For more information, call (800) 883-1199 or visit govcap.com.

# # #

WALNUT CREEK SPECIAL UTILITY DISTRICT TO UPGRADE WATER METERS DISTRICTWIDE

By

Springtown, Texas (October 2018) – The Walnut Creek Special Utility District recently announced the upgrade of 4,800 water meters throughout the district. These new meters, provided by Smart Earth Technologies, will improve  data gathering useful in handling customer inquiries and to monitor water system health performance. Government Capital Corporation was selected as the most cost effective option. Smart Earth Technologies cell based system worked best in this area because of terrain and remote areas. Studies have shown replacing old meters will increase revenue by accurate measurement of water loss. Other benefits include better data to use with customer complaints and allow customers to actually see their usage in near real time. Installation has begun and will continue through the end of 2018.

“The lease purchase solution provided by Government Capital allowed us to close our financing and get started on our project much more timely. Not having to wait for approval from TCEQ enabled us to start on time. Our financing partner, Government Capital Corporation, provided excellent service. Their customer care is second to none and they follow up regularly” stated Steve Harris, General Manager.

“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the District. It was my pleasure to work alongside Mr. Harris and his great team.” stated Stephanie Cates, Vice President, Government Capital. “I would like to congratulate Mr. Harris, and the Board for their hard work and foresight.”

About Walnut Creek Special Utility District

Walnut Creek Special Utility District, currently serving 7,500 customers, is the successor to the Walnut Creek Water Supply Corporation. The Corporation was originally organized in 1966 as a non-profit water supply corporation. Their purpose is to provide and furnish a safe, dependable water supply to rural areas of northern Parker and southern Wise Counties. For more information, visit walnutcreeksud.org

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to utility districts and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the nation. For more information, visit govcap.com.

 

Pflugerville Fire Department Breaks Ground on New Fire Station

By

Last month, we posted about our involvement in Travis County Emergency Services District (ESD) No. 2 adding service capabilities by constructing a new fire station. Be sure to read our blog post by clicking here.

Fire Station #5 groundbreaking took place on September  26, 2018 in Pflugerville, Texas. TCESD Board of Commissioners, Fire Chief, and personnel were joined by many supportive community leaders as well as fire chiefs from surrounding departments. Click here to see the full photo gallery of photos.

TRAVIS COUNTY EMERGENCY SERVICE DISTRICT NO. 2 ANNOUNCES TWO NEW FACILITIES IN PFLUGERVILLE

By

Pflugerville, Texas (August 2018) – Travis County Emergency Services District (ESD) No. 2 is adding service capabilities by constructing a new station to be located at 1541 Pflugerville Loop, Pflugerville, TX. Station 5 will include three eighty foot bays, sleeping quarters for ten as well as common and training spaces encompassing approximately 11,000 square feet. It will be located in an area of need and will decrease the workload of the nearby Station 2.

The ESD has also approved constructing a warehouse facility next to Station 4 which will consolidate the District’s ordering and receiving into one central location as well as provide for an air shop, offices and work space for the facilities maintenance staff. This facility will be approximately 10,000 square feet and will provide much needed storage for District supplies and equipment.

KAH Architects was selected by the ESD to provide design plans and Government Capital Corporation was selected for the financing.

“It is important that we continue to invest in facilities and equipment that will allow us to maintain a high level of responsiveness in this fast growing part of the county,” stated Ron Moellenberg, Fire Chief. “Government Capital provided the structure and terms that best met our requirements for these projects and worked with our staff to develop an effective plan.”

“I would like to congratulate the leadership of the Travis County ESD No. 2 and the Pflugerville Fire Department on continuing to respond to the growing needs in Pflugerville and Travis County,” stated Ed King, Government Capital Senior Vice President. “Their constituents are well served by one of the leading ESDs in the state”.

About Travis County ESD No. 2
Founded in 1955, the Pflugerville Volunteer Fire Department started with a small truck and shortly therea􀅌er land was purchased. In 1985 the voters approved the creation of Travis County Rural Fire Prevention District (RFPD) No. 3. Growth in the community and demand for services continued to increase thus allowing for the creation of Travis County Emergency Services District No. 2. Today, Travis County ESD No. 2 provides fire suppression, fire prevention, and first response emergency medical care covering 100 square miles with personnel and equipment working out of four fire stations 24 hours a day. For more information, visit pflugervillefire.org.

About Government Capital Corporation

Government Capital Corporation is a Texas based public finance firm that provides financing and planning services to emergency services districts and other local governmental entities in Texas. For more information visit govcap.com.

 

CITY OF GARDENDALE ORDERS NEW FIRE APPARATUS

By

City of Gardendale, Alabama (August 2018) – The City of Gardendale, Alabama recently announced the order of two new fire trucks to improve services offered to the community. Working with Sunbelt Fire, Inc. of Fairhope, Alabama, the city was able to purchase an E-One custom pumper and a Sunbelt Fire LR12 light rescue Truck. Delivery of the rescue truck will be approximately four to six months, while delivery of the custom pumper is scheduled for the summer of 2019. The City of Gardendale selected Government Capital Corporation as the most cost effective financing partner for these purchases.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly,” stated Melissa Honeycutt, City Clerk, City of Gardendale. “Their customer care was excellent and they follow up regularly allowing our transaction to close timely.”

Stan Hogeland, Gardendale Mayor added, “Thank you to both Government Capital Corporation and Sunbelt Fire for all of your assistance in helping us enhance public safety for those who live in and visit our city.”

D.C. Greer, Vice-President, Government Capital Corporation said, “Congratulations to the city and staff of the Gardendale Fire Department. The enhanced service reliability and functional capabilities of the new trucks should meet the needs of the area for many years. We take great pride in being able to provide financings which enable first responders to better serve their communities.”

About The City of Gardendale, Alabama
The city of Gardendale is located in Jefferson County, just north of Birmingham. Incorporated in 1955, the city has a population of approximately 13,000 with a land area of 57 square miles. Gardendale includes approximately 470 businesses, 5 public schools, 2 private schools and more than 25 churches within the city limits. Additionally, each April Gardendale hosts a Magnolia Festival that boasts 30,000 visitors to the City. For more information, visit cityofgardendale.com.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to cities and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Alabama and across the nation. For more information, visit govcap.com.

 

# # #

MORGAN CITY SECURES AN ADVANCED METERING INFRASTRUCTURE SYSTEM

By

Morgan City, Louisiana (August 2018) – The City of Morgan City, Louisiana announces the purchase of a citywide Advanced Metering Infrastructure (AMI) system. The project will include radio read water meters, electric meters, gas meters and an innovative software solution. The AMI system is being designed and installed by Aqua Metric Sales. Installation is scheduled to begin in early September with an anticipated completion of February, 2019. The City of Morgan City selected Government Capital Corporation as the financing partner for their purchase.

“The 20 year fixed rate structure provided by GCC allowed the budget flexibility to facilitate the AMI project. The new system will enhance reporting efficiencies for the utility department.” stated Deborah Garber, Finance Director, City of Morgan City.

D.C. Greer, Vice President, Government Capital Corporation stated “The City worked diligently to provide payment parameters ‘up front’ allowing GCC to present a financing structure that best fit their budget. The 20 year fixed interest rate resolved the affordability issue and allowed them to move forward with their project.”

About The City of Morgan City, Louisiana

Morgan City is located in Eastern St. Mary Parish on the banks of the Atchafalaya River. With a population of approximately 13,000, Morgan City hosts the annual Louisiana Shrimp & Petroleum Festival held Labor Day weekends in the city’s historic district. For more information, visit cityofmc.com.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to cities and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Louisiana and across the nation. For more information, visit govcap.com.

# # #