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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HAZARDVILLE FIRE PROTECTION DISTRICT ACQUIRES NEW SCBA GEAR

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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WILLOW PARK TO UPGRADE WATER METERS

City of Willow Park, Texas (April 2021) – The City of Willow Park is announcing the upgrade of 2,020 water meters and the related Automatic Meter Infrastructure.  The project is underway and is scheduled to be completed in the next few months.  “This upgrade will allow meters to be read and monitored in real time by the user and the city, stated Bryan Grimes, Willow Park City Administrator.  “These smart meters will quickly detect leaks and high-volume water use allowing for more efficiency and conservation while improving service to our customers.”  Project design and installation was provided by Aqua Metric Sales Company, Selma, Texas. Government Capital Corporation, Southlake, Texas was selected as the most cost-effective financing solution.

“Our city has completed multiple projects with Government Capital,” remarked Bryan Grimes.  “We appreciate their professionalism and customer service.” Their staff ensures the transaction will be seamless.”

“I want to congratulate Mr. Grimes and his team for their foresight and leadership with the upgraded water meters and AMI,” stated Stephanie Cates, Government Capital Corporation Senior Vice President. “This investment will benefit the City of Willow Park for many years.”

About Willow Park

Willow Park, located in Parker County is the second largest city in one of the fastest growing counties in Texas and is located just west of Fort Worth.  The city has a population of more than 5,900 and a total area of 6.3 square miles.  Willow Park offers the charm of a small town, the amenities of urban life, and none of the crowds of the big city.   For more information visit www.willowpark.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 Texas and across the country.  For more information, visit www.govcap.com.

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ONO ISLAND WATER, SEWER AND FIRE PROTECTION AUTHORITY ANNOUNCE CONSTRUCTION OF NEW FIRE STATION

 

Ono Island Water, Sewer & Fire Protection Authority, AL (March 2021) – The Ono Island Water, Sewer and Fire Protection Authority recently approved the construction of a new fire station on River Road in Orange Beach, Alabama. Construction of the fire station is expected to be completed in the next 9-12 months.  The 5,883 square foot station will include 2 apparatus bays, 6 dorm rooms, an office, an EMS Room, kitchen and living area as well as a training room.  McCollough Architecture, Orange Beach, Alabama was selected to provide the architectural design for the project.  MW Rogers Construction Company LLC, Mobile, Alabama will serve as the general contractor. Financing for the project was provided by Government Capital Corporation, Southlake, Texas. Hand Arendall Harrison Sale, Mobile, Alabama, served as bond counsel and provided all documentation and requisite legal opinion.

“Government Capital’s experience and expertise was a great value to our project,” explained Pete Stritzinger, Ono Island Water, Sewer and Fire Protection Authority Chairman of the Board, and the 20-year fixed rate loan structure provided  budget flexibility and eliminated the risk of a future interest rate associated with variable rate options.”

“Working with state and local governments for over 25 years, we take great pride in assisting municipalities meet their goals and objectives. I want to congratulate Pete Strizinger and the Ono Island Water, Sewer and Fire Protection Authority Board for their leadership in the implementation of this important project.” stated D.C. Greer, Government Capital Corporation, Senior Vice President.

About Ono Island Water, Sewer and Fire Protection Authority

Ono Island Water, Sewer and Fire Protection Authority is a business entity and a domestic non-profit corporation, governed by a five-member Board of Directors.  The Authority provides services to the more than 1,400 residents of Ono Island located in Baldwin County, Alabama. The fire protection services are contracted with the City of Orange Beach.  Ono Island is a 5.5-mile-long natural barrier island separated from downtown Orange Beach, Alabama and Perdido Key, Florida.

About Government Capital Corporation

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

 

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CITY OF BROWNSVILLE ANNOUNCES REFINANCE SAVINGS

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

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

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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