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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CITY OF BROWNSVILLE ANNOUNCES REFINANCE SAVINGS

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Brownsville, Oregon (February 2021) – The City of Brownsville announces the refinancing of an Oregon Economic and Community Development Department loan. The original note proceeds were used for repairs to the city’s wastewater system to reduce inflow and infiltration, install a force main to allow the transfer of wastewater from the north treatment unit, construct dichlorination facilities and other various system-wide improvements. The refinancing reduced the interest rate by almost half, resulting in tens of thousands of dollars in savings for the city and its constituents. Government Capital Corporation, Southlake, Texas provided the financing as well as the feasibility analysis. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.

“The staff at Government Capital provided timely responses to our questions as well as met our timeline for the required closing,” commented Scott McDowell, Brownsville City Administrator. “Their experience and expertise financing municipal notes was invaluable.”

“This is a great example of municipal fiscal leadership. It was an honor and privilege to work with Mr. McDowell,” stated Jana Offutt, Client Services, Government Capital Corporation. “We take great pride in assisting state and local governments meet their goals and objectives.”

About the City of Brownsville
Founded in the 1840’s, Brownsville is a small town of 1,700 people located in the southern Willamette Valley of western Oregon. Conveniently located within 25 miles of Eugene, Albany, Corvallis, Sweet Home and Lebanon; Brownsville has maintained a true small-town feel. Downtown Brownsville is a wonderful collection of 1880’s to 1920’s buildings with a shopping district, cafes, and antique stores, as well as the beautiful 26-acre Pioneer Park surrounded by the Calapooia River. For more information visit www.ci.brownsville.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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WEST VIEW BOROUGH ACQUIRES HEAVY EQUIPMENT

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West View Borough, PA (February 2021) ‐ West View Borough announces the acquisition of a new dump truck for their fleet.  Delivery is scheduled for March 2021.  “The Ford F-550 with a 4×4 chassis and 11.6 cubic feet of cargo volume will service West View Borough for many years,” stated Bruce Fromlak, Chief of Police and Borough Manager.  Government Capital Corporation, Southlake, Texas provided financing for the acquisition.

“Having previously worked with Government Capital, I appreciate their expertise and knowledge in municipal finance,” remarked Bruce Fromlak. “I also appreciate their high standard of customer service.”

“I would like to congratulate Chief Fromlak and West View Borough on the acquisition of this equipment,” commented Paige Locknane, Client Services, Government Capital Corporation. “Working with municipalities for over 25 years, we take great pride in assisting municipalities better serve their communities.”

About West View Borough
West View is a 1.3 square mile borough located in Allegheny County just north of downtown Pittsburgh and has a population of more than 6,500. Through the efforts of land developer Frederick Martsolf, West View was first incorporated in 1905. The borough has a rich history dating back before its’ incorporation. Most notably, West View was once home to West View Park, an amusement park which was in operation more than seventy years. Today, West View is known as one of the safest, greenest and most family-friendly communities in the area. For more information, visit www.westviewborough.org.

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 exceeding $4 Billion in Pennsylvania and across the nation. For more information, visit www.govcap.com.

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CITY OF POST INSTALLS WATER EQUIPMENT UPGRADES

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The City of Post, TX (January 2021) – The City of Post announces the recent acquisition of AMI water meters and maintenance equipment upgrades.  The AMI water meter project includes the installation of 1,692 water meters and is scheduled to be completed in March.   The water system design and implementation were provided by KW Sharp, Lubbock, Texas.  Upgrades also included a John Deer 2010D E Four Tire Ejector Scraper, a BOMAG Landfill Compactor as well as a John Deer 524L Wheel Loader, all provided by Yellow House Machinery Company, Lubbock, Texas.  “The upgrade in the water meters will allow the city to accurately and more efficiently provide service to customers, stated Deana Smith.  “The heavy equipment was purchased to replace outdated and aged equipment.”

Government Capital Corporation, Southlake, Texas provided the financing for both acquisitions.

“Government Capital’s expertise and experience was a great value to our project,” stated Deanna Smith.  “Their knowledge of public sector financing greatly streamlined the acquisition process.”

“I want to congratulate Deanna Smith, City Manager, Mayor Marvin Self and the Post City Council for their insight and leadership with the upgraded AMI water meters and heavy equipment,” stated Drew Whitington.  “We take great pride in assisting Texas municipalities reach their goals and objectives.”

About the City of Post
Post is the county seat of Garza County with a population of 5,469. This city is located three miles below the Cap Rock, 40 miles southeast of Lubbock on Highway 84, and has become known as the gateway to the plains of West Texas. Post was founded in 1907 by cereal magnate Charles William Post. For more information, visit www.cityofposttexas.com.

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

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CITY OF LOWELL ACQUIRES LAND FOR FUTURE DEVELOPMENT

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Lowell, Oregon (November 2020) ‐ The City of Lowell, Oregon announces the acquisition of two parcels of land, 205 East Main Street and adjacent lot in Lowell. This property will accommodate future growth for the city. Government Capital Corporation, Southlake, Texas provided the financing for the acquisition. Documents and legal review were provided by Jim Shannon of Mersereau Shannon LLP, Portland, Oregon.

“There were a few obstacles we had to work through, and the Government Capital staff provided great assistance and flexibility,” stated Marsha Miller, Lowell City Administrator. Government Capital Corporation’s experience and expertise were a great value to our acquisition.”

“Congratulations to Marsha Miller, Mayor Don Bennett and the Lowell City Council on the successful acquisitions,” stated Lisa Hott, Government Capital Corporation Client Services Specialist. “Having worked with the City of Lowell on multiple transactions over the past few years, we take great pride in meeting the financial needs of Oregon municipalities.”

About The City of Lowell, Oregon
The City of Lowell located in Lane County, Oregon, has an estimated population of 1,100. Nestled along the foothills of the Cascades, Lowell is on the north shore of the Dexter Reservoir on the Middle Fork Willamette River. Filled with scenic historic covered bridges, the city is known for its’ wild blackberries, wildflowers as well as the annual Oregon Association of Rowers’ Covered Bridge Regatta and the Blackberry Jam Festival. For more information, visit www.ci.lowell.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 Billion in Oregon and across the nation. For more information, visit www.govcap.com.

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CITY OF BONHAM ANNOUNCES WATER METER AND ENERGY CONSERVATION PROJECT

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Bonham, TX (November 2020) – The City of Bonham announces the purchase of new Advanced Metering Infrastructure (AMI) water meters and energy conservation equipment. This project includes the installation of 3,300 new automatic reader water meters as well as LED lighting retrofits, AC unit replacement and SCBA tank compressors.  With implementation already underway the project is expected to be completed in April 2021.  Ameresco, Inc. was selected to provide project design and installation services.  Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“Since 2017 the City of Bonham has completed multiple financings with Government Capital Corporation and we appreciate their experience in municipal financing,” stated Sean Pate, City Manager.  “Government Capital’s expertise was a great value to the overall project.”

“This successful implementation of this project will serve the city of Bonham for many years,” commented Drew Whitington, Government Capital Corporation Client Services.  “It was a pleasure to work with the Bonham city officials.  We take great pride in assisting Texas cities reach their goals and objectives.”

About the City of Bonham
The city of Bonham is in Fannin County approximately 75 miles northeast of the Dallas/Fort Worth metroplex with an approximate population of 10,127. The largest employers of Bonham are the Veterans Medical Center, Texas Department of Criminal Justice and McCraw Oil. Bonham is one of the oldest cities in Texas dating back to 1837. James Bonham, the city’s namesake sought the aid of James Fannin at the Battle of the Alamo. Bonham has a rich history and is a great place to call home. For more information, visit www.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 municipal financings exceeding $4 Billion across Texas and the nation. For more information, visit www.govcap.com

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TOWN OF RICHLAND UPGRADES WATER METERS

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The Town of Richland, NY (November 2020) – The Town of Richland announces the purchase of an AMI meter reading system including 1,000 Stealth Radio MIU Transmitters to retrofit all current bronze meters.  Implementation of this project has begun and is scheduled to be completed in June 2021.  “This upgrade will greatly enhance reporting efficiencies and allow meters to be read and monitored from a central location,” stated Daniel Krupke, Town Supervisor. “The result is the utility will operate more efficiently while improving service to our customers.”  Zenner USA provided the metering solution and Blair Supply Corporation is providing the project design and installation.  Government Capital Corporation, Southlake, Texas provided the financing for the project.

“Government Capital’s expertise and experience was a great value to our project,” stated Daniel Krupke.  “Their knowledge of public sector financing greatly streamlined the project.”

“I want to congratulate Daniel Krupke, Town Supervisor for his foresight and leadership with the upgraded water meters and AMI infrastructure,” stated Paige Locknane, Client Services, Government Capital Corporation. “This investment will benefit the Town of Richland for many years.”

About the Town of Richland
The Town of Richland is unique as it is bordered by Lake Ontario’s eastern shore in Oswego County in the heart of the Salmon River corridor. The Town of Richland offers white sand beaches, state parks, four seasons of recreation and year-round sport fishing. The pride of Richland is the state-of-the art water system that provides award winning water quality, serving Richland and neighboring towns.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to municipalities, fire districts, schools, hospitals and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4 billion in New York and across the country. For more information, visit www.govcap.com.

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