Government Capital Corporation

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

Facilities

CARENCRO UTILIZES LAMATS PURCHASING SERVICES FOR AN EQUIPMENT ACQUISITION

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Carencro, LA (January 2020) – The City of Carencro announces the delivery of a new excavator for its utility department. The 2016 Gradall D-152 excavator provided by Scott Equipment represents a much needed addition to the fleet. The City selected the Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) cooperative lease purchase program administered by Government Capital Corporation (GCC) as the most economical financing solution.

“The tax exempt lease purchase structured by Government Capital Corporation was the perfect solution. In addition to reduced interest cost compared to the lease offering provided by the equipment manufacturers, the process was quick, easy and enabled us to take delivery of the equipment on our schedule,” stated Mayor Glenn Brasseaux.

LaMATS Executive Director Cliff Palmer stated, “LaMATS continues to have complete confidence in Government Capital as our municipal finance partner. When a municipality is considering a lease-purchase of equipment, our cooperative program is a great option.”

About Carencro, Louisiana: The City of Carencro is eight miles north of Lafayette on Interstate 49. With a population of approximately 9,600, Carencro is a great place to live, work and play. Our community is united behind our Cajun and Creole heritage, and we pride ourselves in the preservation of our traditions while moving into the future. The heart of our city is its citizens, and Carencro offers resources for our citizens to enhance their way of life and come together as a community. www.carencro.org or Mayor Glenn Brasseaux, 337-896-7001.

About Louisiana Municipal Advisory and Technical Services Bureau (LaMATS): The Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) was established in 1998 and is a wholly-owned subsidiary of the Louisiana Municipal Association (LMA). The mission of LaMATS is to bring economical and efficient services that assist the LMA membership with their day-to-day business. LaMATS offers a variety of services and programs including: Insurance Premium Tax Collection Program, Occupational License Program, LaMATS Purchasing Services, Millage Management, Municipal Debt Recovery, etc. For more information: lamats.net, or Cliff Palmer, Executive Director, 225-316-7157.

About Government Capital Corporation: Government Capital Corporation is a leading public finance firm providing professional financial services to municipalities, parishes, fire districts, schools and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Louisiana and across the country. For more information: www.govcap.com, DC Greer or Marti Sauls, 800-883-1199 DC.Greer@govcap.com or Marti.Sauls@govcap.com

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Montague ISD officially opens new gym with ribbon-cutting ceremony

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Kicking off the 2019-2020 school year at Montague ISD, Government Capital Corporation was given the honor of attending the District’s ribbon-cutting ceremony for the new gymnasium. Our initial press release about the gym can be read here.

Michelle Sanders, Client Services Specialist, represented GCC while being acknowledged by Superintendent, Carla Hennessey, for our part in providing financing to assist in bringing this project to fruition.

Pictured with Superintendent, Carla Hennessey and Principal, Angela Kleinhans, Michelle commented, “We are grateful to be chosen and recognized by the district in this manner. It is a privilege to serve our fellow Texans on such a worthy project.”

About Montague Independent School District

Montague ISD is located in Montague County and currently serves 170 students in grades PK-8th. Covering 25 square miles, Montague ISD is committed to providing students with opportunities to grow academically, emotionally, socially, physically and culturally with recognition of individual differences. For more information, visit www.montagueisd.org.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to school districts and all other local governmental entities. Since its founding in 1992, the company has completed thousands of project financings in Texas and across the country. For more information, call (800) 883-1199 or visit www.govcap.com.

 

 

CITY OF BONHAM UPGRADES EQUIPMENT FOR VARIOUS CITY DEPARTMENTS

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Bonham, Texas (April 2018) – The City of Bonham announced the purchase of new equipment for various city departments. The new equipment will be used in the Parks & Recreation and Streets Departments. In addition, the Administration and Police departments will benefit from new accounting servers, accounting software and other technological improvements. Government Capital was selected to be the most cost effective, tax exempt solution.

“The financing solution structured by Government Capital Corporation was the perfect option for our needs. The five year term provided the budget flexibility our City needed. Additionally, the process was simple, cost effective and permitted us to avoid the cost and delay associated with traditional debt financing,” stated Sean Pate, City Manager.

“We worked closely with the City Administration to provide the best possible funding for the various city projects,” said Drew Whitington, Client Services of Government Capital Corporation. “The financing provided allowed the City of Bonham to obtain some much needed improvements without depleting their fund balance.”

About City of Bonham

Bonham, with a population of 10,127, is the county seat of Fannin County, Texas and located approximately 75 miles northeast of the Dallas/Fort Worth metroplex. Bonham is one of the oldest cities in Texas dating back to 1837 and is home to the late Sam Rayburn who served as the Speaker of the U.S. House of Representatives for 17 years, the longest tenure in U.S. history.  Bonham has a rich history and is a great place to call home. For more information, visit 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 project financings in Texas and across the nation. For more information, visit govcap.com.

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FRANKLIN USES LaMATS COOPERATIVE PROGRAM FOR PUBLIC WORKS EQUIPMENT ACQUISITION

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city of franklin FRANKLIN, LA (November 28, 2017) – The City of Franklin announced today their successful funding of equipment additions for the City’s public works department. The new equipment will replace existing equipment that had been in service approximately 15 years.

The City selected the Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) cooperative lease purchase program administered by Government Capital Corporation (GCC) as the most economical financing solution. “The process was straightforward, and a quick, easy, cost-effective method to finance much needed equipment. Government Capital Corporation made the process smooth. They walked me through each step of the process and responded quickly to our questions and needs so that the funding was completed in a timely manner,” stated Franklin Mayor Raymond Harris, Jr.

LaMATS Executive Director Cliff Palmer stated, “When any municipality is considering a lease-purchase of moveable equipment, our cooperative lease purchase program with Government Capital is a great option.”

About Franklin, Louisiana: Franklin is located along the Bayou Teche in St. Mary Parish. Founded in 1808 as Carlin’s Settlement and then named for Benjamin Franklin, Franklin became the parish seat in 1811. Sugar cane and lumber were the major exports, and the bayou was the conduit for steamboats carrying trade goods of the day. Lumber became the major industry with 11 saw mills operating by 1869. Main Street became the site of the town’s earliest development, and the business district expanded to include hotels, commercial establishments and antebellum homes. Today, Franklin is a modern town with a population of about 7,800. For more information: www.franklin-la.com


About Louisiana Municipal Advisory and Technical Services Bureau (LaMATS): The Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) was established in 1999 and is a wholly-owned subsidiary of the Louisiana Municipal Association (LMA). The mission of LaMATS is to bring economical and efficient services that assist the LMA membership with their day-to-day business. LaMATS offers a variety of services and programs including: The Insurance Premium Tax Collection Program, The Occupational License Tax Program, Delinquent Property Tax Sale, Capital Outlay Consulting, etc. For more information: www.lamats.net

About Government Capital Corporation: Government Capital Corporation is a leading public finance firm providing professional financial services to municipalities, parishes, fire districts, schools and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Louisiana and across the country. For more information:
www.govcap.com, Marti Sauls, 800-883-1199, Direct 817-722-0227, Marti.Sauls@govcap.com

 

Clarendon EDC and City Partner on Two Projects

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Clarendon Economic Development Corporation and City of Clarendon Partner on Two Projects for Future Generations

Clarendon, Texas (September 12, 2017) – Clarendon Economic Development Corporation (EDC) and the City of Clarendon announced the successful funding of the City’s water recreation and the Mulkey multi-purpose facility projects. These two projects will help revitalize downtown Clarendon.

The historic Mulkey Theatre built in 1946 will be renovated to bring it back to not only a working movie theatre, but also give it new life as a performance hall, conference center and the City’s official Visitors’ Center. The EDC and City plan to establish Mulkey Theatre as a distinctive place for civic meetings, educational conferences, and performing and visual arts.

Government Capital Corporation was selected to provide a 20 year term loan, secured by the EDC’s sales tax revenues. David Dockery, City Manager, stated, “Government Capital Corporation made the process smooth. They walked us through each step of the process and responded quickly to our questions and needs. These projects are for the community of Clarendon and will benefit future generations to come.”

“I applaud the EDC Board, the City Council, and the City administration on their vision of revitalizing the Mulkey Theatre and the new pool project. These two projects will not only infuse more pride in Clarendon, but also benefit the city’s economic growth due to people coming to visit, shop and play,” said Drew Whitington, Client Services Representative of Government Capital.

 About Clarendon Economic Development Corporation and the City of Clarendon
Clarendon Economic Development Corporation is located in Clarendon, Texas, on U.S. Highway 287 in the Texas Panhandle, 60 miles East of Amarillo. Clarendon is the Donley County seat which serves approximately 2,000 residents. The Clarendon EDC has a Type B status, allowing them to fund developing industries, while cultivating their community and improving the quality of life in Clarendon. For more information: www.clarendontx.com/cedc

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, www.govcap.com