Bonham, Texas (April 2018) – The City of Bonham announced the purchase of new equipment for various city departments. The new equipment will be used in the Parks & Recreation and Streets Departments. In addition, the Administration and Police departments will benefit from new accounting servers, accounting software and other technological improvements. Government Capital was selected to be the most cost effective, tax exempt solution.
“The financing solution structured by Government Capital Corporation was the perfect option for our needs. The five year term provided the budget flexibility our City needed. Additionally, the process was simple, cost effective and permitted us to avoid the cost and delay associated with traditional debt financing,” stated Sean Pate, City Manager.
“We worked closely with the City Administration to provide the best possible funding for the various city projects,” said Drew Whitington, Client Services of Government Capital Corporation. “The financing provided allowed the City of Bonham to obtain some much needed improvements without depleting their fund balance.”
About City of Bonham
Bonham, with a population of 10,127, is the county seat of Fannin County, Texas and located approximately 75 miles northeast of the Dallas/Fort Worth metroplex. Bonham is one of the oldest cities in Texas dating back to 1837 and is home to the late Sam Rayburn who served as the Speaker of the U.S. House of Representatives for 17 years, the longest tenure in U.S. history. Bonham has a rich history and is a great place to call home. For more information, visit cityofbonham.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 project financings in Texas and across the nation. For more information, visit govcap.com.
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