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SMITH COUNTY EMERGENCY SERVICE DISTRICT NO. 2 ANNOUNCES TWO NEW FIRE STATIONS

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Tyler, TX (February 2020) – Smith County Emergency Services District No. 2 announces the construction of two additional fire stations. One station will be located at 201 S Main Street, Arp, Texas and the other will be located at 11029 County Road 140, Flint, Texas. Both facilities will be 10,000 square feet and include 5 bays. The Flint location will also include a classroom/operations center for disaster management and training. With construction currently underway, it is anticipated both facilities will be completed by August 2020. Harris Craig Architects of Tyler, Texas, was selected to provide design plans. WRL General Contractors of Flint, Texas was selected as the Construction Manager for both projects. Government Capital Corporation was selected by the District to assist with the financing.

“The experience and expertise provided by Government Capital Corporation was a value to our overall project” stated Terry Rozell, Fire Chief Smith County Emergency Services District No. 2. “They also attended our Board meetings to explain fully the financing options available and provided assistance throughout the closing process.”

“Congratulations to Chief Rozell and Smith County Emergency Services District No. 2’s Board in bringing to fruition these very important projects. The enhanced service reliability and functional capabilities of the new stations should meet the needs of the District for many years,” commented Ed King, Government Capital Corporation Senior Vice President.

About Smith County Emergency Services District No. 2
Smith County ESD 2 strives to provide the citizens of rural Smith County with trained and qualified fire and first responder medical response through contract services with County Volunteer Fire Departments. We also provide paid staff at 15 area fire stations. Smith County ESD 2 together with our Volunteer Fire Departments provide fire suppression, fire prevention, rescue, and first responder emergency medical services to serve approximately 90,000 people in 40,000 homes and businesses in over 700 square miles of Smith County, Texas. For more information: smithcountyfire.org.

About Government Capital Corporation:
Government Capital Corporation is a leading public finance firm providing professional financial services to Emergency Services Districts and all other local governmental entities.. Since its founding in 1992, the company has successfully completed thousands of financings exceeding $4 Billion dollars in Texas and across the country. For more information, visit govcap.com, DC Greer or Marti Sauls, 800-883-1199 DC.Greer@govcap.com or Marti.Sauls@govcap.com.

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2019 – It’s Almost Over!

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It’s difficult to believe that three fourths of 2019 is already over. As we head into the final quarter of the year, the global market is experiencing more volatility than we’ve seen in recent history. At the beginning of the year, the Federal Reserve indicated that interest rates were heading more towards a higher neutral rate. Three quarters later and over 100 basis points lower on the 10-Year Treasury rate, the federal reserve has adjusted their monetary policy to help spur growth in reaction to declining economic trends.

In September, the Federal Reserve lowered interest rates 25 basis points for the second time this year. The two interest rate cuts this year were aimed to provide some insurance against rising risks from trade uncertainty and slowing global growth. Federal Reserve Open Market Committee Chairman Jerome Powell is facing new pressure to declare a third straight interest rate reduction in response to weakening economic data and volatile financial markets. The Federal funds futures market has now placed a 76% probability on the Fed lowering rates at their next Open Market Committee meeting, which is in late October. However, much of the Fed’s adjustment in its monetary policy have been muted by growing economic pressures. The recent lag in economic data also has investors being more cautious as our record long expansion cycle continues to lose ground.

On a macro, worldwide level, the effects of the United States’ 15-month trade battle are piling up fast.  With all of the recently enacted tariffs and the higher value of the U.S. dollar compared to other currencies, it’s becoming much harder for U.S. companies to remain competitive in trade across the globe.  As evidence, the most recent U.S. manufacturing index contracted for the second month in a row and is now creeping along at the slowest pace in over a decade.  This decline causes company profits to shrink and restricts future growth in many sectors of the economy.  Company layoff announcements have increased year over year and we’ve witnessed declines in the U.S. services sector, which employs roughly 70% of Americans.  Slower job growth typically decreases consumer spending which accounts for more than two thirds of the United States Gross Domestic Product.

With this backdrop, municipal debt issuances spiked in Q3 as municipal issuers were eager to take advantage of the recent decline in interest rates.  The month of September experienced one of the highest volume of municipal debt issuances over the past decade.  With interest rates expected to stay low for a while, the trend of increased issuance volume is expected to stay high in Q4.

 

Click here to read the entire 2019 Q4 MMB

Article provided by Zac Saldi
Government Capital Corporation

 

GODLEY 4B ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES A PARK REHABILITATION PROJECT

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Godley, Texas (September 2019) – The Godley Economic Development Corporation of Godley, Texas announces the financing of a park rehabilitation project. The improvements to the Godley City Park located at 104 East Allen, will include a playground expansion, additional picnic tables and benches, a basketball court, bathroom facilities, as well as, sidewalks, lighting and irrigation. The project is estimated to be completed in November 2019. Government Capital Corporation was selected as the most cost- effective financing solution for the project.

“The financing structure provided by Government Capital Corporation was cost effective and allowed our EDC to save costs associated with traditional real estate financings. Their experience and finance expertise were of tremendous value to our project over all.” stated David Wallis, Mayor of the City of Godley.

“We would like to congratulate Mayor David Wallis and the Godley Economic Development Corporation team on their hard work related to this project. We take great pride in being able to provide financings to enable our clients to better serve their communities,” commented Michelle Sanders, Government Capital Client Services Specialist.

About Godley 4B Economic Development Corporation

Godley Economic Development Corporation is a Type B Development Corporation located in Johnson County, only 30 miles southwest of downtown Fort Worth. Over 100 years old, the City of Godley has a long proud history of being known as a peaceful, close knit community, as well as being a great place to raise a family and educate your children. The current population is 1,009 but is increasing quickly with new subdivisions enabling the city to keep up with growing demand. With Chisholm Trail Parkway opening, this area continues to experience tremendous growth. For more information, visit godleytx.gov

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 project financings in Texas and across the nation. For more information, visit govcap.com.

 

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SOUTH LANE COUNTY FIRE & RESCUE ACQUIRES NEW EQUIPMENT

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Cottage Grove, OR (September 2019) – South Lane County Fire & Rescue announces the acquisition of new Scott Air  Compressors, Self-Contained Breathing Apparatus (SCBA) and related  equipment. Cascade Fire Equipment Company located in Medford, provided all of the equipment. The new breathing apparatus will improve the safety of firefighters by replacing older, outdated equipment. South Lane County Fire & Rescue selected Government Capital Corporation as the most cost-effective financing solution for the equipment acquisition.

“Government Capital Corporation’s financing process was smooth and straight-forward,” stated Chief John Wooten. “The five year financing structure provided by GCC allowed the Fire & Rescue to obtain all the needed equipment today and eliminate future cost increases.”

“We take great pride in being able to provide financings to enable first responders to serve their communities better. It was a pleasure working with Chief Wooten and the South Lane County Fire & Rescue Board,” commented Jana Offutt, Government Capital Corporation Client Services Specialist.

About South Lane County Fire & Rescue

South Lane County Fire & Rescue (SLCF&R) is a public safety organization responsible for delivering fire protection, rescue, emergency medical services and transport within its geographical and assigned boundaries 24 hours a day, seven days a week, 365 days a year. SLCF&R provides Emergency Medical Services (EMS) to residents and visitors in Creswell, Cottage Grove and rural South Lane County in an 800 square mile ambulance service area which includes the 132 square mile fire district. SLCF&R responds to approximately 4,200 calls each year and relies heavily on the utilization of Resident Reserves who respond in conjunction with career staff to emergency scenes.  SLCF&R also responds to wildland fires in their area & is included in the Lane County Wildland Firefighting Taskforce. For more information, visit southlanefire.org

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 financings in Oregon and across the country. For more information, visit govcap.com.

 

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Montague ISD officially opens new gym with ribbon-cutting ceremony

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Kicking off the 2019-2020 school year at Montague ISD, Government Capital Corporation was given the honor of attending the District’s ribbon-cutting ceremony for the new gymnasium. Our initial press release about the gym can be read here.

Michelle Sanders, Client Services Specialist, represented GCC while being acknowledged by Superintendent, Carla Hennessey, for our part in providing financing to assist in bringing this project to fruition.

Pictured with Superintendent, Carla Hennessey and Principal, Angela Kleinhans, Michelle commented, “We are grateful to be chosen and recognized by the district in this manner. It is a privilege to serve our fellow Texans on such a worthy project.”

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.

 

 

CITY OF MCMINNVILLE IMPLEMENTS PUBLIC SAFETY COMMUNICATION SYSTEM ENHANCEMENTS

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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.

 

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