Government Capital Corporation

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

Economic Development

LITTLE ELM ECONOMIC DEVELOPMENT CORPORATION BREAKS GROUND ON TINMAN SOCIAL ENTERTAINMENT VENUE

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  Little Elm, Texas (July 2021) – The Little Elm Economic Development Corporation announces the groundbreaking
of, “Tinman Social.” This social entertainment venue is made possible through a Public-Private Partnership. The
facility will include ping pong, cornhole, axe throwing, shuffleboard, bowling, and a full-service restaurant and bar
with indoor and outdoor seating. The square footage of the facility will be 36,000 square feet. Financing for the
project was provided by Government Capital Corporation, Southlake, Texas.

“We have completed multiple projects with Government Capital Corporation over the past ten years and we know
we can always count on their experience,” stated Jennette Espinosa, Executive Director, “The finance structure
Government Capital Corporation provided was a complete success for us.”

“We are excited to work with Little Elm EDC to finance this entertainment venue,” said Kevin Lerner, Senior Vice
President of Government Capital Corporation. “The venue provides a win-win project for the City of Little Elm. It
not only provides entertainment for residents but, will also generate revenue for the City.”

About Little Elm Economic Development Corporation

Little Elm Economic Development Corporation’s mission is to advance economic development in Little Elm by
creating new commercial businesses, new tourism opportunities, and new jobs to Little Elm. The EDC partners with
the Town to facilitate the vision and manage the progression of the Town Center development. To learn more visit www.littleelmedc.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 $4.5 billion in Texas and across the country. For more information, visit www.govcap.com

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BAY CITY COMMUNITY DEVELOPMENT CORPORATION ANNOUNCES REFUNDING SAVINGS

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Bay City, Texas (July 2021) – The Bay City Community Development Corporation announces the recent refunding of two separate debt obligations, one for a training facility and another for land acquisition. “Combining the two into one obligation maximized the savings for Bay City Community Development Corporation,” stated Jessica Russell, Executive Director. With the restructuring, Bay City is able to achieve significant interest savings via today’s low market rates. Government Capital Corporation, Southlake, Texas provided the refunding structure and refinancing.

“The financing provided by Government Capital Corporation, will allow us optimum budget flexibility. Their experience allowed the refunding to proceed very efficiently,” Ms. Russell commented.

“The current economic environment has development corporations searching for alternative funding options,” stated Jana Jay, Municipal Finance Specialist, Government Capital Corporation. “Our ability to customize this financing was integral to meeting the needs and budget of this client. It was a pleasure to work with Bay City Community Development Corporation on this transaction.”

About Bay City Community Development Corporation 

Bay City Community Development Corporation creates welcoming opportunities for residents and businesses in the city of Bay City. Their goals include providing opportunities for education expansion in their community, developing and encouraging entrepreneurship and leadership in their community, and encouraging new and current businesses to invest in Bay City. To learn more visit www.visitbaycity.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 nation. For more information, visit www.govcap.com

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PALESTINE EDC UPGRADES BROADBAND SERVICE

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Palestine, Texas (February 2021) – The Palestine Economic Development Corporation announces the upgrade of fiber broadband service to the businesses and residents of Palestine.  The improved high-speed internet and telephone project is scheduled to be completed summer 2021. Etex Communications, L.P., Gilmer, Texas provided the fiber optics for the project.  Financing was provided by Government Capital Corporation, Southlake, Texas.

Lisa Denton, Executive Director of the Palestine Economic Development Corporation stated, “The EDC is excited to participate in this much-needed improvement to our communication and broadband capabilities, which will benefit the overall quality of life for our community, as well as promote continued business growth for the foreseeable future.  Government Capital Corporation’s experience and expertise with economic development financing was a great value to our project.”

“I want to congratulate Lisa Denton and the Palestine EDC Board for their foresight and leadership in the implementation of this project”, commented Stephanie Cates, Government Capital Senior Vice President Client Services.  “This project is an excellent example of the EDC Board and City working together in collaboration for the constituents.  We take great pride assisting Texas municipalities meet their goals and objectives.”

About Palestine Economic Development Corporation
Palestine EDC is a Type B Development Corporation located in Anderson County in the Piney Woods of East Texas, equally distanced between Dallas and Houston. Palestine is a charming town that boasts more than 1,800 historic sites, the Texas State Railroad and Texas Dogwood Trails Celebration, and has a tradition of small-town hospitality. The Palestine EDC is proud to develop business opportunities for the more than 18,000 citizens of the City of Palestine. For more information visit www.palestinetexas.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 has successfully completed thousands of municipal financings exceeding $4 billion in Texas and across the country. For more information, visit www.govcap.com.

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COLEMAN EDC ANNOUNCES NEW SPORTS FIELDS

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COLEMAN, TEXAS (May 2020) – The Coleman Economic Development Corporation announced the construction of baseball, softball and t-ball fields, including parking for each field, located at 2916 5TH Avenue in Coleman, Texas. The new complex replaces sports fields which had served the community for fifty years. The project is scheduled to be completed Fall of 2020 with a Ribbon Cutting First Pitch ceremony. SW Architects was selected to provide the architectural design for the construction. Government Capital Corporation was selected as the most cost-effective financing solution for this project.

Kim Little, Executive Director of Economic Development Corporation of Coleman stated, “This project is a public-private partnership between the Coleman Youth Sports Association, City of Coleman, Coleman EDC and private donors. The youth of Coleman County and the City of Coleman will have first-class fields and facilities. This project was streamlined with the expertise and experience of our financing partner, Government Capital Corporation,” stated Kim Little.

This project is an excellent example of community leaders working together in collaboration for the youth of Coleman. I want to congratulate Kim Little and the Coleman EDC Board for their foresight and leadership in the implementation of this important project with the upgraded sports facilities. The Coleman county youth and families will enjoy these facilities for many years,” stated Drew Whitington, Client Services Associate of Government Capital Corporation.

About Coleman Economic Development Corporation
Coleman EDC is a Type A Development Corporation authorized to undertake Type B projects located in North-Central Texas, 52 miles northwest of Abilene. The Coleman EDC is proud to develop business opportunities for the more than 5,000 citizens of the City of Coleman. For more information visit colemanedc.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 in Texas and across the country. For more information, visit govcap.com.

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GODLEY 4B ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES A PARK REHABILITATION PROJECT

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Godley, Texas (September 2019) – The Godley Economic Development Corporation of Godley, Texas announces the financing of a park rehabilitation project. The improvements to the Godley City Park located at 104 East Allen, will include a playground expansion, additional picnic tables and benches, a basketball court, bathroom facilities, as well as, sidewalks, lighting and irrigation. The project is estimated to be completed in November 2019. Government Capital Corporation was selected as the most cost- effective financing solution for the project.

“The financing structure provided by Government Capital Corporation was cost effective and allowed our EDC to save costs associated with traditional real estate financings. Their experience and finance expertise were of tremendous value to our project over all.” stated David Wallis, Mayor of the City of Godley.

“We would like to congratulate Mayor David Wallis and the Godley Economic Development Corporation team on their hard work related to this project. We take great pride in being able to provide financings to enable our clients to better serve their communities,” commented Michelle Sanders, Government Capital Client Services Specialist.

About Godley 4B Economic Development Corporation

Godley Economic Development Corporation is a Type B Development Corporation located in Johnson County, only 30 miles southwest of downtown Fort Worth. Over 100 years old, the City of Godley has a long proud history of being known as a peaceful, close knit community, as well as being a great place to raise a family and educate your children. The current population is 1,009 but is increasing quickly with new subdivisions enabling the city to keep up with growing demand. With Chisholm Trail Parkway opening, this area continues to experience tremendous growth. For more information, visit godleytx.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 has successfully completed thousands of project financings in Texas and across the nation. For more information, visit govcap.com.

 

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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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