Government Capital Corporation

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

Facilities

Montgomery County ESD 3 Announces Facility Expansion Projects

Montgomery, TX (January 2025) – Montgomery County ESD 3 announces the expansion of Station 34 as well as the district Administration Building. The nearly 3,700-square-foot addition to Station 34 will include two drive-through apparatus bays, a dorm room, an office, a living room expansion, a bathroom, and a workout room. The expansion of the Administration Building will include over 1,500 square feet of office space, a conference room, and a variety of amenities as well as an expanded parking lot. Construction began in October, and the projects are expected to be completed by mid-summer. Financing for the projects was provided by Government Capital Corporation, Southlake, Texas.

“Montgomery County ESD 3 has partnered with Government Capital on a variety of projects over the last ten years,” stated Leonard Mikeska, Fire Chief, Montgomery County ESD 3. “We are grateful for Government Capital’s experience and expertise in financing the unique needs of Texas emergency services districts.”

“I want to congratulate Chief Leonard Mikeska and Montgomery County ESD 3 on their expansion project,” commented Landon Newton, Vice President, Government Capital Corporation. “We take great pride in partnering with Texas emergency services districts to provide critical and life-saving services to their towns and communities.”

About Montgomery County ESD 3

Montgomery County ESD 3 first began as the Lake Conroe Fire Department in 1965 and later became an ESD in 1995. The ESD serves approximately 50 square miles in Montgomery County north of Houston, TX. To learn more about Montgomery County ESD 3, visit www.mcesd3.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 $6.5 billion in Texas and across the country. For more information, visit www.govcap.com.

Runge ISD Announces Roof Replacement Project

Runge, TX (January 2025) – Runge ISD announces the completion of a campus-wide roof replacement project. The project became necessary after significant leaks were discovered at Runge High School. Over the course of four weeks, the old roofing was carefully removed and replaced to ensure the safety and comfort of all of the students and staff. The project was completed by Coryell Roofing, and financing was provided by Government Capital Corporation in Southlake, Texas.

“We are very appreciative of the Texas Association of Community Schools (TACS) for introducing us to the resources and guidance that made this possible,” Hector Dominguez, Superintendent of Runge ISD, shared. “Through TACS, we had the opportunity to learn about Government Capital and Coryell Roofing.  Their expertise and professionalism were instrumental in the success of this project.”

“I want to congratulate Mr. Dominguez and the Runge ISD board on the success of this project,” Matt Sullivan, Municipal Finance Specialist at Government Capital Corporation, commented. “We take great pride in partnering with Texas school districts to best serve their students and communities.”

About Runge ISD

Runge ISD is located southeast of San Antonio and serves over 200 students in Pre-K through 12th grades. The district’s mission is to understand, engage, and support the continuous development of every child. To learn more about Runge ISD, visit www.rungeisd.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 and its affiliates have successfully completed thousands of municipal financings exceeding $6.5 billion in Texas and across the country. For more information, visit www.govcap.com.

HAWLEY ISD ANNOUNCES FACILITY RENOVATION AND EXPANSION

Hawley ISD logoHawley, TX (October 2024) – Hawley ISD announces the implementation of a renovation and expansion project to the district’s physical education building. When the district’s previous gymnasium, built in the 1930s, could no longer adequately serve the growing student population, physical education classes temporarily moved to a renovated cafeteria space.

Now, through financing provided by Government Capital combined with the district’s project funds, Hawley ISD is beginning the renovation and expansion of the old gymnasium. The use of the old facility allows the district to retain a historic community symbol while providing a state-of-the-art learning environment for students for years to come.

“Throughout the entire experience, Government Capital has been a tremendous resource in educating our board on the different funding options and how they can benefit our district,” stated Dr. Cassidy McBrayer, Superintendent, Hawley ISD. “They have been responsive to the needs of the administration, through the planning and execution of funding, and will continue to serve as a resource for the duration of the project.”

“I want to congratulate Dr. McBrayer and the Hawley ISD board on implementing this vital project,” commented Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in partnering with Texas school districts to achieve their goals and objectives for their students and community.”

About Hawley ISD

Hawley ISD is located in West Texas near Abilene and serves over 800 students Pre-K-12th grades. Hawley ISD’s mission is to produce responsible, productive citizens by providing a competent staff who will teach a diverse curriculum in a safe, structured, and nurturing environment. To learn more about Hawley ISD, visit www.hawley.esc14.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.

DEKALB ISD NEARS COMPLETION OF FACILITY EXPANSION

DeKalb ISD logo

DeKalb, TX (August 2024) – In early 2022, DeKalb ISD began an addition to the high school’s gymnasium. The primary focus of the expansion was to provide locker room space for visiting teams, girls’ athletics, and boys’ basketball. Additional features include coaches’ offices, a large classroom, a dedicated laundry room, and a large storage area. As construction costs for the project increased, the school board approved a partnership with Government Capital to finance the completion of the expansion. The district anticipates concluding the project by December 2024 and opening the space to students the following spring semester.

“We’ve worked with Government Capital on several other projects, and their expertise in Texas school financing has always made them easy to work with,” stated Jennifer Matteson, Chief Financial Officer, DeKalb ISD. “I know I can pick up the phone and call them, and they will always answer and do what it takes to help us out.”

“I want to congratulate Jennifer Matteson and the DeKalb ISD board on their facility expansion,” commented Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in partnering with Texas school districts to provide the best learning experience possible for their students.”

About DeKalb ISD

DeKalb ISD is located in Northeast Texas and serves over 820 students Pre-K-12 grades. Our mission is to empower students to thrive in society and succeed in life through an inclusive and innovative educational experience. DeKalb ISD fosters a collaborative and engaging environment that instills a passion for learning, cultivates critical thinking, and nurtures personal growth. To learn more about DeKalb ISD, visit www.dekalbisd.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.

 

HEMPHILL COUNTY APPRAISAL DISTRICT ANNOUNCES OFFICE BUILDING ACQUISITION

Hemphill CAD logoCanadian, TX (July 2024) – The Hemphill County Appraisal District (Hemphill CAD) announces the acquisition of an office building in a prime location across from the county courthouse and tax office. Since the 1980s, Hemphill CAD has leased its offices in a historic facility built in 1907. The team plans to transition into their new office toward the end of the year after renovations are complete and the lease on the current office space expires.

The new facility was purchased from a local private party, and financing for the acquisition as well as creation of the conduit financing structure were provided by Government Capital Corporation in Southlake, Texas.

“We’re very thankful to have partnered with Government Capital on this acquisition,” stated Pam Scates, Chief Appraiser, Hemphill CAD. “The team’s expertise in the unique borrowing structures for Texas appraisal districts provided invaluable assistance throughout the creation and documentation process of creating the necessary component unit to finance our project.”

“I want to congratulate Pam Scates and the Hemphill CAD on acquiring their new facility,” commented Drew Whitington, Vice President, Government Capital Corporation. “We take great pride in assisting Texas appraisal districts in meeting their goals and objectives.”

About Hemphill County Appraisal District

Hemphill CAD is responsible for appraising all real and business personal property within Hemphill County. The Hemphill County Appraisal District offices are located in Canadian, TX and serve over 3,300 residents across six taxing entities. Hemphill County was created in 1876 and is situated in the Texas Panhandle. To learn more about Hemphill CAD visit hemphillcad.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 Texas and across the country. For more information, visit www.govcap.com.

HUBBARD EDC BREAKS GROUND ON PRIME BUSINESS SITE

Hubbard, Texas (June 2024) – The Hubbard Economic Development Corporation (Hubbard EDC) announces the beginning of a community revitalization project on a corner property in the city’s historic downtown. The corner site has been used for various pop-up shops and restaurants over the years and will now provide a permanent home to local businesses looking to grow or set up a storefront. Construction is anticipated to be completed by the end of this summer, and tenants are expected to begin moving in throughout the fall. Financing for the project was provided by Government Capital Corporation, Southlake, TX.

“We’re grateful to have partnered with Government Capital on this project,” stated Jason Patrick, City Manager, Hubbard EDC. “The team was very professional and supportive, and their expertise was evident throughout the financing process.”

“I would like to congratulate Jason Patrick and the Hubbard EDC on beginning this project and on the progress they’ve made in growing and improving the City of Hubbard,” stated Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations to support and promote Texas communities.”

About Hubbard Economic Development Corporation

The Hubbard Economic Development Corporation (HEDC) is a 4B Corporation that was voted into existence by the Citizens of Hubbard on November 6th, 2001.  HEDC receives its funding through sales tax.  HEDC receives one-half of one percent of the City’s sales tax collected. To learn more about Hubbard EDC, visit www.hubbardcity.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 Texas and across the country. For more information, visit www.govcap.com.