Government Capital Corporation

Government Capital Corporatoin is a leading public finance firm offering its clients a broad range of financing solutions.

Economic Development

VAN EDC SAVES MONEY BY REFINANCING TEXAS LEVERAGE FUND LOAN

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Van, Texas (March 2019) – The Van Economic Development Corporation (VEDC) of Van, Texas announced the refinancing of a Texas Leverage Fund Loan, with Government Capital Corporation being selected as the financing partner for this transaction.

Charles West, City Administrator commented, “Today’s financial market has municipalities searching for ways to reduce costs. The refinancing options provided by Government Capital Corporation saved money and allowed our Economic Development Corporation to convert a monthly floating rate loan to a fixed rate loan, thereby reducing our risk of future interest rate rises.”

Stephanie Cates, Client Services Vice President stated, “It was a pleasure working with Van Economic Development Corporation. We take great pride in assisting Texas Economic Development Corporations in meeting their objectives and project goals.”

About Van Economic Development Corporation
Van Economic Development Corporation is a Type B Development Corporation located an hour east of the DFW Metroplex along the I-20 corridor. With a population over 2,600, the City of Van is proud of their Mayberry-like character, offering a traditional down-home quality of life. For more information, visit vantx.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 project financings in Texas and across the nation. For more information, visit govcap.com.

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CITY OF GARDENDALE ORDERS NEW FIRE APPARATUS

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City of Gardendale, Alabama (August 2018) – The City of Gardendale, Alabama recently announced the order of two new fire trucks to improve services offered to the community. Working with Sunbelt Fire, Inc. of Fairhope, Alabama, the city was able to purchase an E-One custom pumper and a Sunbelt Fire LR12 light rescue Truck. Delivery of the rescue truck will be approximately four to six months, while delivery of the custom pumper is scheduled for the summer of 2019. The City of Gardendale selected Government Capital Corporation as the most cost effective financing partner for these purchases.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly,” stated Melissa Honeycutt, City Clerk, City of Gardendale. “Their customer care was excellent and they follow up regularly allowing our transaction to close timely.”

Stan Hogeland, Gardendale Mayor added, “Thank you to both Government Capital Corporation and Sunbelt Fire for all of your assistance in helping us enhance public safety for those who live in and visit our city.”

D.C. Greer, Vice-President, Government Capital Corporation said, “Congratulations to the city and staff of the Gardendale Fire Department. The enhanced service reliability and functional capabilities of the new trucks should meet the needs of the area for many years. We take great pride in being able to provide financings which enable first responders to better serve their communities.”

About The City of Gardendale, Alabama
The city of Gardendale is located in Jefferson County, just north of Birmingham. Incorporated in 1955, the city has a population of approximately 13,000 with a land area of 57 square miles. Gardendale includes approximately 470 businesses, 5 public schools, 2 private schools and more than 25 churches within the city limits. Additionally, each April Gardendale hosts a Magnolia Festival that boasts 30,000 visitors to the City. For more information, visit cityofgardendale.com.

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 Alabama and across the nation. For more information, visit govcap.com.

 

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MORGAN CITY SECURES AN ADVANCED METERING INFRASTRUCTURE SYSTEM

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Morgan City, Louisiana (August 2018) – The City of Morgan City, Louisiana announces the purchase of a citywide Advanced Metering Infrastructure (AMI) system. The project will include radio read water meters, electric meters, gas meters and an innovative software solution. The AMI system is being designed and installed by Aqua Metric Sales. Installation is scheduled to begin in early September with an anticipated completion of February, 2019. The City of Morgan City selected Government Capital Corporation as the financing partner for their purchase.

“The 20 year fixed rate structure provided by GCC allowed the budget flexibility to facilitate the AMI project. The new system will enhance reporting efficiencies for the utility department.” stated Deborah Garber, Finance Director, City of Morgan City.

D.C. Greer, Vice President, Government Capital Corporation stated “The City worked diligently to provide payment parameters ‘up front’ allowing GCC to present a financing structure that best fit their budget. The 20 year fixed interest rate resolved the affordability issue and allowed them to move forward with their project.”

About The City of Morgan City, Louisiana

Morgan City is located in Eastern St. Mary Parish on the banks of the Atchafalaya River. With a population of approximately 13,000, Morgan City hosts the annual Louisiana Shrimp & Petroleum Festival held Labor Day weekends in the city’s historic district. For more information, visit cityofmc.com.

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 Louisiana and across the nation. For more information, visit govcap.com.

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Fairfield Economic Development Corporation Announces Plans for Industrial Park

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Fairfield, Texas (April 2018) – The Fairfield Economic Development Corporation announced plans for the development of a $2 million industrial park infrastructure project located in Fairfield, Texas just off Interstate 45. KSA Engineering, Inc., from Lufkin, Texas will provide the professional services. The project improvements are to include 1,650’ of new street, 12” water lines, 8” sewer, new sanitary sewer lift station, 6”natural gas, three-phase power and telecommunications. Construction is scheduled to start within the near future and once completed will provide 110 acres of shovel ready land for development.

Fairfield EDC chose Government Capital Corporation to provide financing for $1.5 million of the project in the form of a 15 year term loan secured by the EDC’s sales tax revenue. David Fowler, President for the Fairfield EDC stated “Government Capital had the best competitive rates and terms for our project. Their customer service and expertise are second to none.”

“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the growing area. It was my pleasure to work alongside this great team.” stated Michelle Sanders, Client Manager at Government Capital Corporation. “I would like to congratulate Mr. Fowler and the Board for their work and foresight.”

About Fairfield Economic Development Corporation
The Fairfield Economic Development Corporation (FEDC), is a non-profit, Type A, economic development corporation whose mission is to promote, assist and enhance economic development opportunities in Fairfield, Texas. Our company is funded by a portion of the sales tax receipts from the City of Fairfield. FEDC’s primary focus is on employers that sell a majority of their products and services to markets outside our regional economy. An economic growth factor is realized by the City of Fairfield’s retail and services sectors. For more information: fairfieldtx.com

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Economic Development Corporations and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: 800-883-1199 or govcap.com

 

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