City

CITY OF BRIDGEPORT ANNOUNCES HEAVY EQUIPMENT ACQUISITION

March 6, 2024

Bridgeport, TX (March 2024) – The City of Bridgeport announces the acquisition of new street rollers for various road maintenance and improvement projects. The new equipment is replacing older models that served the city for over twenty years. Delivery of the street rollers from Closner Equipment has begun, and the city anticipates receiving the final delivery in April. Financing for the acquisition was provided by Government Capital Corporation, Southlake, Texas.

“The City of Bridgeport has partnered with Government Capital on multiple projects since 2004,” stated Corey Ingram, Finance Director, City of Bridgeport. “The Gov Cap team provided excellent communication and service throughout this acquisition, making it an easy process for us.”

“I want to congratulate Corey Ingram and the City of Bridgeport on the acquisition of this essential equipment,” commented Cody Thomas, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in assisting Texas cities in fulfilling their missions to continue providing the best living experiences for their communities.”

About the City of Bridgeport

Located in North Texas, the City of Bridgeport was settled in 1860 and is home to over 6,000 residents. Bridgeport is a growing community that still has its small-town appeal and rich historical fabric. To learn more about the City of Bridgeport, visit cityofbridgeport.net.

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 and its affiliates have successfully completed thousands of municipal financings exceeding $6 billion in Texas and across the country. For more information, visit www.govcap.com.

CITY OF TROUP ANNOUNCES COMPLETION OF WATER WELL REPAIRS

March 1, 2024

Troup, TX (March 2024) – The City of Troup announces the completion of water well repairs to a 1,000-foot deep well that brings potable water to residents. Built in 1957, the well was due for routine servicing in August 2023 when the well suddenly failed, and it was discovered that the pump needed an emergency replacement. The pump replacement and installation were completed in November, and financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“Having partnered with Government Capital for over two decades, the city has always appreciated Gov Cap’s willingness to assist on our projects,” stated Gene Cottle, City Manager, City of Troup. “Government Capital’s expertise in the market was evident due to the ease with which we were able to obtain financing for this project.”

“I want to congratulate Gene Cottle and the City of Troup on successfully completing this project,” commented Stephanie Cates, Senior Vice President, Government Capital Corporation. “We take great pride in assisting Texas cities in fulfilling their goals and objectives to best serve their communities.”

About the City of Troup

The City of Troup is located in East Texas and is home to over 2,000 residents. Located in both Smith County and Cherokee County, the city was initially known as Zavalla and renamed to Troup in 1872. To learn more about the City of Troup, visit trouptx.com.

About Government Capital Corporation

CITY OF McCAMEY ANNOUNCES INFRASTRUCTURE UPGRADE PROJECT

February 26, 2024

McCamey, TX (February 2024) – The City of McCamey has launched a city-wide water meter upgrade project to replace over 1,500 outdated meters. The new meters will allow the city to identify and recapture water loss in a timely manner. The city has begun the accompanying software upgrade which will provide increased efficiency in gathering data, and installation of the meters is anticipated to begin in March 2024. Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“We had a wonderful experience partnering with Government Capital on this financing,” stated Patty Jones, City Secretary, City of McCamey. “Everything came together smoothly, and we’re looking forward to working together again soon.”

“I want to congratulate Patty Jones and the City of McCamey on the launch of this water meter and software upgrade,” commented Cody Thomas, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in assisting Texas cities with the completion of projects that enable them to better serve their communities.”

About the City of McCamey

The City of McCamey was incorporated in 1927 and is located in West Texas. Home to over 1,400 residents, the city has been declared the Wind Energy Capital of Texas. To learn more about the City of McCamey, visit mccameycity.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 and its affiliates have successfully completed thousands of municipal financings exceeding $5.9 billion in Texas and across the country. For more information, visit www.govcap.com.

TOWN OF HAUGHTON ACQUIRES NEW PUMPER TRUCK

February 16, 2024

Haughton, LA (February 2024) – The Town of Haughton announces the addition of a new Rescue Pumper to the fire department’s 10-vehicle fleet. The new apparatus is replacing a pumper truck that served the town for over twenty years and will be put into reserve status. The new truck serves a dual purpose of providing both rescue services and carrying water for emergency situations. The Rescue Pumper was recently delivered from Bulldog Fire Apparatus and will soon be put into service after customizations are completed. Financing for the acquisition was provided by Government Capital Corporation, Southlake, Texas.

“We are grateful to Government Capital for their partnership on this acquisition,” stated Kim Gaspard, Mayor, Town of Haughton. “We thought we would have to wait years for a new truck, but Gov Cap gave us the ability to purchase a truck when we needed it. It’s great to have someone you know you can turn to.”

“I want to congratulate Mayor Kim Gaspard, Fire Chief Jimmy Holland, and the Town of Haughton on this acquisition,” commented Marti Sauls, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in assisting Louisiana cities with the completion of projects that enable them to continue to provide the best living experience for their communities.”

About the Town of Haughton

Located in Northwest Louisiana, the Town of Haughton was established in 1884 and is named for the Haughton family who moved to the area from Tennessee. Today, the Town is home to over 4,500 residents and is continually growing thanks to infrastructure upgrades and commercial development. To learn more about the Town of Haughton, visit haughtonla.gov.

About Government Capital Corporation

Government Capital Corporation (GCC) is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $6 billion in Louisiana and across the country. Additionally, GCC serves as the administrator of the equipment lease financing program for the Louisiana Municipal Advisory and Technical Services Bureau (LAMATS). For more information, visit www.govcap.com.

CITY OF LANETT ANNOUNCES WATER METER UPGRADES

January 24, 2024

Lanett, AL (January 2024) – The City of Lanett has launched a city-wide water meter upgrade project to replace over 2,500 meters. The new meters will allow the city to recapture water loss with greater accuracy. System design and installation of the new meters is provided by Consolidated Pipe. The project is anticipated to be completed by March 2024. Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“This is the first time the City of Lanett has had the opportunity to work with Government Capital, and it was an all-around positive experience,” stated Randall Aikens, Building Official, City of Lanett. “The team’s expertise in financing for Alabama cities was evident throughout the process and provided us with a smooth and efficient funding.”

“I want to congratulate Randall Aikens and the City of Lanett on the implementation of the new water meters,” commented DC Greer, Senior Vice President, Government Capital Corporation. “We take great pride in assisting Alabama cities with the completion of projects that enable them to better serve their communities.”

About the City of Lanett

The City of Lanett was established in 1895 and sits in a prime location between Montgomery, AL, Atlanta, GA, Birmingham, AL, and Columbus, GA. The city had a very prosperous textile industry during the mid-20^th century and has recently experienced a boom and revitalization due to its growing automotive industry. To learn more about the City of Lanett, visit cityoflanett.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 and its affiliates have successfully completed thousands of municipal financings exceeding $6 billion in Alabama and across the country. For more information, visit www.govcap.com.

CITY OF GRAND SALINE ANNOUNCES ACQUISITION OF NEW EXCAVATOR

January 12, 2024

Grand Saline, TX (January 2024) – The City of Grand Saline announces the acquisition of a new Gradall Excavator from Kirby Smith Machinery, Inc. The excavator is replacing a used model the city utilized for several years and will provide increased efficiency in various road and highway projects. The equipment was delivered in October, and financing for the acquisition was provided by Government Capital Corporation, Southlake, Texas.

“The city has partnered with Government Capital for over twenty years, and they have always been wonderful to work with,” stated Dana Clair, City Administrator, City of Grand Saline. “The team provided great communication, and their expertise was evident throughout the process.”

“I want to congratulate Dana Clair and the City of Grand Saline on their acquisition,” commented Stephanie Cates, Senior Vice President, Government Capital Corporation. “We are proud to provide Texas cities with financing solutions to meet their goals and objectives.”

About the City of Grand Saline

The City of Grand Saline was established in 1895 and is located in East Texas. The city is home to over 3,100 residents and is the third largest city in Van Zandt County. The city is named for the large salt deposits located southeast of the city, the majority of which are owned by Morton Salt. To learn more about the City of Grand Saline, visit grandsalinetx.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 and its affiliates have successfully completed thousands of municipal financings exceeding $5.8 billion in the state of Texas and across the country. For more information, visit www.govcap.com.