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