Government Capital Corporation

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

Press Releases

CITY OF BROWNSVILLE ANNOUNCES REFINANCE SAVINGS

By

Brownsville, Oregon (February 2021) – The City of Brownsville announces the refinancing of an Oregon Economic and Community Development Department loan. The original note proceeds were used for repairs to the city’s wastewater system to reduce inflow and infiltration, install a force main to allow the transfer of wastewater from the north treatment unit, construct dichlorination facilities and other various system-wide improvements. The refinancing reduced the interest rate by almost half, resulting in tens of thousands of dollars in savings for the city and its constituents. Government Capital Corporation, Southlake, Texas provided the financing as well as the feasibility analysis. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.

“The staff at Government Capital provided timely responses to our questions as well as met our timeline for the required closing,” commented Scott McDowell, Brownsville City Administrator. “Their experience and expertise financing municipal notes was invaluable.”

“This is a great example of municipal fiscal leadership. It was an honor and privilege to work with Mr. McDowell,” stated Jana Offutt, Client Services, Government Capital Corporation. “We take great pride in assisting state and local governments meet their goals and objectives.”

About the City of Brownsville
Founded in the 1840’s, Brownsville is a small town of 1,700 people located in the southern Willamette Valley of western Oregon. Conveniently located within 25 miles of Eugene, Albany, Corvallis, Sweet Home and Lebanon; Brownsville has maintained a true small-town feel. Downtown Brownsville is a wonderful collection of 1880’s to 1920’s buildings with a shopping district, cafes, and antique stores, as well as the beautiful 26-acre Pioneer Park surrounded by the Calapooia River. For more information visit www.ci.brownsville.or.us.

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 Oregon and across the nation. For more information, visit www.govcap.com.

###

PALESTINE EDC UPGRADES BROADBAND SERVICE

By

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.

###

HARRIS COUNTY EMERGENCY SERVICES DISTRICT NO.16 ANNOUNCES CONSTRUCTION OF TWO FACILITIES

By

Harris County Emergency Services District No. 16, Klein, TX (February 2021) – The Harris County Emergency Services District No. 16 plans to begin construction in the next thirty days on a 27,000 square foot administration building and a 10,000 square foot maintenance facility.  The anticipated project completion is August 2023.  LDF Construction Inc. of Montgomery County, Texas was selected as the general contractor. The architectural design was provided by Brown Reynolds Watford, Dallas, Texas.  Government Capital Corporation, Southlake, Texas is providing financing for the project.

“Having financed other projects with Government Capital Corporation, I appreciate their knowledge and expertise of municipal financing and the staff’s ability to keep our team informed along the way,” stated Mike Pate, Commissioner of Harris County ESD No. 16.  “Government Capital provided us with a very competitive rate.”

“It was a great experience working through the complexities of this financing with Mike Pate and the Commissioners at Harris County ESD No. 16,” remarked Landon Newton, Senior Vice president, Government Capital Corporation.  “We take great pride in assisting first responders reach their goals and objectives to better serve their communities.”

About Harris County Emergency Service District No. 16
Harris County Emergency Services District No. 16 is in Klein, Texas, a suburb of Houston. This combination fire department serves 52 square miles and 180,000 residents. The department serves a diversified area of single-family dwellings, high-density apartment complexes, high-rise condominiums, commercial buildings, a hospital, an FAA controlled airport and numerous commercial retail centers. The District contracts with Klein Volunteer Fire Department as the provider of fire and rescue services to the community. For more information visit www.hcesd16.org.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Emergency Service Districts and 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.

###

WILSON COUNTY ESD NO. 5 ACQUIRES NEW APPARATUS

By

Wilson County Emergency Services District No. 5, Floresville, TX (February 2021) – Wilson County Emergency Services District No. 5 announces the recent delivery of a 2020 Pierce PUC Enforcer Pumper truck from Siddons Martin Emergency Group, LLC. A traditional “Push-In” ceremony will soon be scheduled. “This apparatus has a 1,000-gallon storage capacity and can pump 1,500 gallons per minute,” stated Adam Strzelczyk, Fire Chief of Wilson County Emergency Services District No. 5. Government Capital Corporation, Southlake Texas provided the financing for the acquisition.

“Government Capital Corporation’s knowledge and expertise of the unique needs of fire departments was a great overall value to us,” remarked Adam Strzelczyk, Fire Chief Wilson County ESD No. 5. “I appreciate the ease and straightforward nature of the process.”

“It was a privilege to work with Chief Adam Strzelczyk on this important procurement,” stated Kevin Lerner, Senior Vice President of Government Capital Corporation. “We take great pride in being able to provide financings that enable first responders to better serve their communities.”

About Wilson County Emergency Services District No. 5
Wilson County Emergency Services District No. 5 is in Floresville, Texas about 35 miles southeast of San Antonio. Wilson County ESD No. 5 provides fire and rescue services to an area with 226 square miles and a population of more than 17,000. The district averages 275 calls annually with 26 volunteer firefighters and one paid firefighter.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Emergency Service Districts and all other 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 nation. For more information, visit www.govcap.com.

###

NEW SYNTHETIC TURF FOR ROOSEVELT ISD

By

Roosevelt ISD, Texas (January 2021) – Roosevelt ISD recently approved the purchase of synthetic turf for the district football stadium.  Installation of the turf is scheduled for completion in July 2021.  “Football Coach Matt Landers is excited about this upgrade and the impact it will have for the Roosevelt ISD football program,” stated Dallas Grimes, Superintendent.  Project design and implementation were provided by Symmetry Sports Construction, Mount Pleasant, Texas.

Government Capital Corporation, Southlake, Texas provided financing for the project.

“The ability to finance the project with great rates and the option for an early redemption made the financing an economical choice for the district,” stated Dallas Grimes.  “Government Capital Corporation’s expertise was a great value to our project.”

“I want to congratulate Dallas Grimes and the Roosevelt School Board on this upgrade for their school stadium,” remarked Drew Whitington.  “For 28 years Government Capital Corporation has been honored to work with Texas school districts to meet their goals and objectives.”

About Roosevelt ISD
Roosevelt ISD is a Division 3A district located 8.5 miles east of Lubbock with an enrollment of 1,050 students. The district includes the communities of Ransom Canyon, Buffalo Springs, and Acuff. Roosevelt ISD is committed to educational excellence and opportunity for all students. The mission statement for Roosevelt ISD is, “Growing Students One Season at a Time.” For more information visit, www.roosevelt.k12.tx.us.

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 across Texas and the nation. For more information, visit www.govcap.com.

###

WEBB COUNTY ANNOUNCES THE PURCHASE OF HEAVY EQUIPMENT

By

Webb County, Texas (January 2021) – Webb County announces the recent acquisition of two new Peterbilt 567 Walker Water Combo vehicles.  “These vehicles will be used to haul water from the Rio Bravo Water Treatment Plant to the Las Presas Water Dispenser,” stated Tano Tijerina, County Judge “and is part of the Las Presas Water Dispenser Improvements.”  Rush Truck Center was selected as the equipment provider.

Government Capital Corporation, Southlake, Texas provided financing for these acquisitions.

“Government Capital’s expertise and experience was a great value to our acquisitions,” stated Deanna Smith.  “Their knowledge of public sector financing greatly streamlined the procurement process.”

“I want to congratulate Tano Tijerina, County Judge, on this purchase that will greatly improve water service to the residents of Webb County,” stated Stephanie Cates. “We take great pride in assisting Texas county water treatment facilities reach their goals and objectives.”

About Webb County
Webb County was created on January 28, 1848, by the Texas legislature. Located in south Texas, Webb County is the sixth-largest county in the state with 3,307 square miles. The county is named after James Webb who served as Secretary of the Treasury, Secretary of State, Attorney General of the Republic of Texas, and later judge of the United States District Court. Webb County includes the Laredo metropolitan area and is the only county in the United States to border three foreign states or provinces, sharing borders with Coahuila, Nuevo Leon, and Tamaulipas. For more information, visit www.webbcountytx.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 municipal financings exceeding $4 Billion across Texas and the nation. For more information, visit www.govcap.com.

###