Government Capital Corporation

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

Read our Government Capital Corporation Blog

CITY OF MCMINNVILLE IMPLEMENTS PUBLIC SAFETY COMMUNICATION SYSTEM ENHANCEMENTS

By

McMinnville, Oregon (August 2019) – The City of McMinnville, Oregon, announces upgrades to their current communication system. The recently purchased equipment allows the Police Department to become P25 compliant, encrypt police radio transmissions and improve network transmissions throughout the City’s police department. With implementation scheduled in the fall of 2019, Day Wireless provided the Motorola Communication System upgrade and installation. The City selected Government Capital Corporation as the most cost-effective financing solution for the project.

Marcia Baragary, Finance Director of the City of McMinnville stated, “All of the Government Capital team was great to work with from beginning to end. Whenever I needed something, everyone was incredibly helpful!”

“The enhanced service reliability and functional capabilities of the new communication system should meet the needs of McMinnville for many years. We take great pride in being able to provide financings which enable first responders to better serve their communities,” commented Jana Offutt, Client Services Specialist of Government Capital Corporation.

About McMinnville, Oregon

Located on Oregon Route 99W approximately 38 miles south of Portland, the City of McMinnville is the county seat of and the largest city in Yamhill County, Oregon.  The estimated population is currently 34,345. Also known as the “Land of Plenty”, McMinnville is the heart of Oregon wine country and was nominated as the 2016 wine region of the year by Wine Enthusiast. For more information, visit www.mcminnvilleoregon.gov

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 Oregon and across the nation. For more information, visit www.govcap.com.

 

###

 

TRAVIS CENTRAL APPRAISAL DISTRICT ANNOUNCES FACILITY ACQUISITION & RENOVATIONS TO MAIN OFFICE

By

Austin, Texas (August 2019) – The Travis Central Appraisal District announces the purchase and renovation of the former National Western Life Insurance Building in North Austin. After various renovations are completed, the 73,000 square foot facility will serve as the Travis Central Appraisal District’s main office. With construction currently underway, the renovations are expected to be completed in the Spring of 2020.

Marya Crigler, Chief Appraiser of Travis Central Appraisal District stated, “The much needed facility renovations will allow us to better serve the constituents of Travis County for many years.” Travis CAD selected Government Capital Corporation as the financing solution for the project and Naman, Howell, Smith & Lee, PLLC served as bond counsel in connection with the project.

“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the Appraisal District,” stated Stephanie Cates, Government Capital Corporation Vice President of Client Services. “We would like to congratulate Marya Crigler, Chief Appraiser, and the Travis Central Appraisal District Board for their work and foresight.”

About Travis Central Appraisal District
The mission of Travis Central Appraisal District, in accordance with the Texas Constitution and the laws of the state, is to provide accurate appraisal of all property in Travis County at one hundred percent market value, equally and uniformly, in a professional, ethical, economical and courteous manner, working to ensure that each taxpayer pays only their fair share of the property tax burden. Today the Travis Central Appraisal District appraises property of approximately 873 square miles and is responsible for almost 380,000 tax accounts. For more information, visit www.traviscad.org.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to appraisal 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 www.govcap.com.

# # #

MORGAN ISD ANNOUNCES GYMNASIUM RENOVATION AND EXPANSION

By

Morgan, Texas (July 2019) – Morgan Independent School District announces the much-anticipated gymnasium renovation and expansion project. The gym renovation and expansion project is expected to be completed by August 2019. The design and construction management is being provided by DSA Construction Management. The project includes retractable bleachers, a new scoreboard, new basketball & volleyball goals and pads, as well as additional square footage. Morgan ISD selected Government Capital Corporation as the most cost-effective financing solution for the project.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly.  Their customer care is excellent and they follow up regularly. The expertise GCC provided was valuable to our project.”, stated John Bryant, Superintendent of Morgan ISD.

Jana Offutt, Client Services Specialist said, “Congratulations to Mr. Bryant and the team at Morgan Independent School District for their resourcefulness in planning and execution of this project.  It’s a win for the students, staff and the community.”

About Morgan Independent School District

Morgan Independent School District is centrally located in Bosque County Texas.  Bosque County is located on the Edwards Plateau, west of the Brazos River. The current enrollment is approximately 131 students.  Morgan Independent School District is classified as an A school by the UIL. For more information, visit www.morganisd.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 completed thousands of project financings in Texas and across the country. For more information, call (800) 883-1199 or visit www.govcap.com.

 

# # #

 

MONTAGUE ISD ANNOUNCES CONSTRUCTION OF NEW GYMNASIUM

By

Montague, Texas (July 2019) – Montague Independent School District recently announced the construction of a new gymnasium. The gymnasium is set to be completed in the Summer of 2019, with the ribbon cutting ceremony scheduled August 15th.  Government Capital Corporation was selected to provide a unique financing structure.

Walsh Gallegos was chosen to provide the documentation and legal opinions necessary for the financing. For over 30 years they have dedicated themselves to serving school districts and other governmental institutions. Additionally, Harper Perkins Architects was selected to provide the architectural design for the project.

“One of our goals includes providing safe and efficient facilities. We worked for many months to develop the Gymnasium project and are confident it will improve the learning environment for our students and provide space needed for school activities,” stated Carla Hennessey, Montague ISD Superintendent. “Government Capital provided a competitive financing structure which saved the district time and was very cost-effective.”

“Congratulations to Mrs. Hennessey and Montague ISD on the implementation of this valuable project which will serve the community for many years.  We take great pride in being able to provide financings to enable Texas school districts to better serve their communities.” stated  Joshua Rosser, Public Finance Specialist of Government Capital Corporation.

About Montague Independent School District

Montague ISD is located in Montague County and currently serves 170 students in grades PK-8th. Covering 25 square miles, Montague ISD is committed to providing students with opportunities to grow academically, emotionally, socially, physically and culturally with recognition of individual differences. For more information, visit www.montagueisd.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 completed thousands of project financings in Texas and across the country. For more information, call (800) 883-1199 or visit www.govcap.com.

 

# # #

 

The U.S. Economy Just Set a New Record – Celebrate!

By

The U.S. economy is now enjoying its longest economic expansion in history. As of July 2019, the United States surpassed its previous expansion period record of ten years which occurred from 1991 to 2001. This is remarkable considering an average economic expansion cycle lasts roughly four to five years. Like Independence Day, that is truly worth celebrating! However, many are now pondering the question, “how much gas is left in the expansion tank?”

Although U.S. economic expansion continues, the actual rate of growth is declining. Second quarter Gross Domestic Product is projected to decrease roughly 50% from the first quarter GDP increase of 3.1%. This type of decline in growth usually produces a more volatile market with increased fears of the economic expansion coming to an end. In response to these recent trends, the Federal Reserve recently re-emphasized that their primary objective is to support economic growth especially in the near term. In order to achieve this when growth is on the decline, the Federal Reserve will typically start adjusting their monetary policy by cutting interest rates. Changing monetary policy is much harder when the Fed is trying to spur growth rather than adjusting policy to limit growth. Although market analysts are currently divided on exactly what the Fed should do next, the bond and equity markets have already priced in multiple interest rate cuts from the Fed between now and the end of the year. The 10-year Treasury rate declined to 1.96% on July 3, 2019, which is the first time it’s fallen below 2.00% since November 8, 2016. The general consensus is that interest rates will remain low for the foreseeable future.

Even though the U.S. is experiencing a decline in economic growth, we are still well positioned compared to many other countries around the globe. However, we are mindful the outlook could deteriorate if the U.S. can’t resolve its trading disputes with some of our major trade partners, especially China. Federal Reserve Chairman Jerome Powell commented on this topic recently stating, “The global risk picture has changed, really just in the last six to eight weeks. And it’s around trade developments and concerns about global growth.” For over a year now, the U.S. and China have been attempting to work out trade differences with no resolution yet in hand. Many U.S. company profits have already been squeezed by the retaliatory tariffs, causing them to downgrade their future earnings forecasts. It’s difficult to gauge when or if these trade wars will get resolved, but it’s clear the Trump administration is highly motivated to work out these trade agreements prior to the 2020 Presidential election.

On July 5th, the U.S. employment report for June was released, reflecting a much stronger labor market than what was initially anticipated. The labor report helps support the case that our economy is slowing down but certainly is not sinking. Instead of the aforementioned forecast of multiple interest rate cuts through the end of the year, many now believe the Fed will most likely cut rates only once in the last half of 2019. In any event, it appears the Fed will continue to be patient in adjusting their monetary policy and won’t make any significant moves unless there is consistent data to justify any changes.

Click here to read the entire 2019 Q3 MMB

Article provided by Zac Saldi
Government Capital Corporation

Photo by Adam Whitlock on Unsplash

 

PROSPECT SCHOOL DISTRICT NO.59 ANNOUNCES SEISMIC REHABILITATION PROJECT

By

Prospect, OR (July 2019) – Prospect School District No. 59 announces renovations of their school gymnasium. The seismic rehabilitation project began in April and is estimated to be completed in the fall. Utilized in conjunction with financing, the school district was awarded a grant through the Oregon Infrastructure Finance Authority (OBDD). Implementation was administered by S&B James Construction Company, the design and project management was provided by ZCS Engineering & Architecture. Jim Shannon of Mersereau Shannon LLP provided legal review related to the transaction. The district selected Government Capital Corporation as the most cost-effective financing solution for the project.

Mr. Doug Jantzi, Superintendent of Prospect School District No. 59 said, “Government Capital Corporation was able to alleviate hurdles posed by the grant’s tight deadline and complete the financing in a timely matter. The solution provided by GCC was an absolute win for the school district.”

“I would like to congratulate the school district’s leadership on the implementation of this valuable project which will serve the students and community for many years. We take great pride in being able to provide financings to enable school districts to better serve their communities,” stated Jana Offutt, Government Capital Corporation Client Services Specialist.

About Prospect School District No. 59
Prospect School District No. 59 is a Charter Public School located in Jackson County, Oregon. The Prospect area is widely known for its close proximity to Crater Lake National Park. Prospect Charter School serves 232 students in grades Kindergarten through 12th. Prospect students feel safe, know their learning matters, and belong to an expanding community. For more information, visit www.prospect.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, visit www.govcap.com.

 

# # #