Facilities

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, 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