Government Capital Corporation

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

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OAKLAND ANNOUNCES REFUNDING SAVINGS

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Oakland, Oregon (May 2021) – The City of Oakland recently announced the refunding of a Business Oregon Economic and Community Development loan. The original note proceeds were used for the 2005 construction of a water treatment plant.  The refinancing provided substantial savings to the City and its constituents maintaining the same loan terms but with a reduced fixed interest rate.  The tax-exempt financing structure for the refunding was provided by Government Capital Corporation, Southlake, Texas. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.

“The prospect of a refunding was simplified by the experienced staff at Government Capital Corporation,” stated Terri Long, City of Oakland City Recorder.  “It is great to take advantage of savings for the residents and businesses in our city as well as eliminate the covenants incurred with the original loan.”

“It was a pleasure to work with Terri Long on this refunding,” stated Lisa Hott Government Capital Client Services. “The current economic environment has municipalities searching for ways to streamline their budgets and we were delighted to provide assistance.”

About the City of Oakland

The City of Oakland is surrounded by meadows, mountains, and the Calapooya Creek in Douglas County.  Oakland was the first city to be placed on the state’s historic register.  The City’s two-block business district consists of the original brick buildings built in the 1880s and 1890s, with more than 80 properties constructed between 1852 and 1890.  Oakland is a community, not just a place to live. To learn more visit www.oaklandoregon.org

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 Billion in Oregon and across the nation.  For more information, visit www.govcap.com

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CITY OF BURNS ANNOUNCES REFUNDING SAVINGS

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Burns, Oregon (May 2021) – The City of Burns announces the recent refunding of a League of Oregon Cities, LOCAP Program loan. The original note proceeds were used for the land acquisition and construction of the Burns Municipal Airport. The tax-exempt refunding loan structure resulted in a significant savings for the city via a reduced fixed interest rate and contains less restrictive covenants. The structure for the refunding was provided by Government Capital Corporation, Southlake, Texas. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.

“The refunding process was seamless and painless and closed within thirty days from approval of the Resolution,” stated Dan Brown, Burns City Manager. “I appreciate the professionalism and knowledge of public finance borrowing regulations exhibited by everyone at Government Capital.”

“It was an honor and a privilege to work alongside Dan Brown, Burns City Manager,” stated Lisa Hot of Government Capital Corporation. “We were excited to be able to save the City thousands of dollars in interest costs. We take great pride in assisting local governments meet their goals and objectives.”

About the City of Burns
Burns is commonly referred to as the gateway to the Steens Mountains. The mountain, a thirty-mile fault block consists of five separate vegetation zones of glaciated gorges, lakes, and meadows. Burns offers breathtaking scenery, outdoor activities of hiking, fishing, hunting, and backpacking. Burns is the county seat of Harney County and has a population of more than 2,800. To learn more visit ci.burns.or.us 

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 Billion in Oregon and across the nation. For more information, visit www.govcap.com

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CROOK COUNTY FIRE & RESCUE ACQUIRES NEW AMBULANCE

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Crook County, OR (May 2021) – Crook County Fire & Rescue announces the delivery of a new ambulance and related emergency medical equipment. Fire Chief Matt Smith stated, “This ambulance includes a self-loading cot and airbags in the transport area which provide much needed safety features for our staff & patients.” The Fire District selected a Horton Model 453 Type 1 ambulance from Professional Sales and Service. Cardiac monitors for the ambulance were provided by ZOLL Medical Corporation and the gurney and related equipment were purchased from Stryker. Government Capital Corporation provided the financing for the acquisition.

“Government Capital Corporation’s knowledge and expertise of the unique needs of fire departments was a great overall value to us,” remarked Matt Smith, Crook County Fire & Rescue Fire Chief. “I appreciated the ease and straightforward nature of the process.”

“It was a privilege to work with Chief Smith on this important procurement,” stated Jana Jay, Municipal Finance Specialist with Government Capital Corporation. “We take great pride in being able to provide financings that enable first responders to better serve their communities.”

About Crook County Fire & Rescue
Crook County Fire & Rescue, originally chartered as the Prineville Volunteer Fire Department in 1882, is central Oregon’s oldest fire department. It covers an ambulance service area of 3,000 square miles and a fire service area of 450 square miles. The fire district includes a main station in Prineville and two substations and is staffed by 51 firefighters, most of whom are either EMTs or Paramedics. Volunteers are still the heart of the department. For more information visit, www.crookcountyfireandrescue.com.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Fire Districts and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 billion in Oregon and across the nation. For more information visit, www.govcap.com.

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LEON COUNTY ANNOUNCES THE ACQUISITION OF HEAVY MACHINERY

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Leon County, Texas (May 2021) – Leon County recently acquired vehicles and maintenance equipment for county road work and maintenance needs. “This equipment is a great addition to our maintenance fleet,” stated Kyle Workman, Leon County Precinct 3 Commissioner. B.D. Holt Company, San Antonio, Texas and Iowa Farm Equipment, Tipton, Iowa were selected as the equipment vendors. Financing was provided by Government Capital Corporation, Southlake, Texas.

“The finance process was efficient and cost-effective,” remarked Kyle Workman, Leon County Precinct 3 Commissioner. “Government Capital’s knowledge of public sector financing was a great value.”

“I want to congratulate Leon County and Kyle Workman, Precinct 3 Commissioner on these purchases that will greatly improve maintenance services to the citizens and businesses of Leon County,” stated Drew Whitington, Government Capital Corporation Vice President, Client Services. “We take great pride in assisting Texas counties reach their goals and objectives.”

About Leon County
Leon County is located is central East Texas with a population of more than 17,000. Agriculture, poultry farming, cattle ranching, hay and small grains drive the economy. Centerville is the county seat. The legislature of the Republic of Texas authorized Leon County in 1846 and named it in honor of Martin de Leon, the founder of Victoria, Texas. However, local legend believes it was named for a yellow wolf of the region commonly called the leon. For more information, visit www.co.leon.tx.us 

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 Billion across Texas and the nation. For more information, visit www.govcap.com

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HAZARDVILLE FIRE PROTECTION DISTRICT ACQUIRES NEW SCBA GEAR

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Hazardville Fire District, Enfield, CT (April 2021) – Hazardville Fire District announces the April 2021 delivery of new Self-Contained Breathing Apparatus district-wide. Jack Flanagan, Fire Chief stated, “this much needed upgrade is very important to the safety of our first responders.” The Fire District selected Shipman’s Fire Equipment, Company, Inc, Waterford, CT as the vendor. Government Capital Corporation, Southlake Texas provided the financing for the acquisition.

“Government Capital Corporation’s knowledge and expertise of the unique needs of fire departments was a great overall value to us,” remarked Jack Flanagan, Hazardville Fire Chief. “I appreciate the ease and straightforward nature of the process.”

“It was a privilege to work with Chief Flanagan on this important procurement,” stated Stephanie Cates, Senior Vice President of Government Capital Corporation. “We take great pride in being able to provide financings that enable first responders to better serve their communities.”

About Hazardville Fire District
Hazardville Fire District serves and protects an area of 11 square miles within the Town of Enfield Connecticut. This fire district has a combination of paid and volunteer personnel. Created in 1893, the district provides all-risk fire protection and emergency medical response and is committed to continually improve the quality of service delivered to their customers, the citizens of Hazardville and when called upon, the town of Enfield.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Fire Districts and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 billion in Connecticut and across the nation. For more information, visit www.govcap.com.

 

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GOLD RIDGE FIRE PROTECTION DISTRICT ACQUIRES NEW APPARATUS

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Gold Ridge Fire Protection District, Sebastopol, CA (March 2021) – Gold Ridge Fire Protection District announces the April 2021 delivery of a 2021 Rosenbauer Type 2 Engine-Water Tender truck. This apparatus has a 1,500-gallon storage capacity and can pump 1,000 gallons per minute. Andy Pforsich, Assistant Fire Chief of Gold Ridge Fire Protection District stated this apparatus is a combination Type 2 engine. It is the most requested for mutual aid.” Government Capital Corporation, Southlake Texas provided the financing for the acquisition.

“Government Capital Corporation’s knowledge and expertise of the unique needs of fire departments was a great overall value to us,” remarked Andy Pforsich, Gold Ridge Assistant Fire Chief. “I appreciate the ease and straightforward nature of the process.”

“It was a privilege to work with Chief Andy Pforsich on this important procurement,” stated Stephanie Cates, Senior Vice President of Government Capital Corporation. “We take great pride in being able to provide financings that enable first responders to better serve their communities.”

About Gold Ridge Fire Protection District
Gold Ridge Fire Protection District serves the communities of Hessel, Twin Hill, Freestone, and rural Sebastopol, approximately 45 miles northeast of San Francisco. The district provides all-risk fire protection and emergency medical response across 75 square miles of rural Sonoma County. The Fire District averages 1,200 calls each year and has 20 paid and 50 volunteer fire fighters.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Fire Protection Districts and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 billion in California and across the nation. For more information, visit www.govcap.com

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