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 MANOR ANNOUNCES ACQUISITION OF NEW PUBLIC WORKS EQUIPMENT

By

Manor, TX (May 2023) – The City of Manor announces the acquisition of a new chipper truck and hydro excavation combination sewer jet truck. The chipper truck will serve the city and its residents by cleaning up debris from seasonal storms. The combination unit will allow the city to clear up blockages in the sewer system more efficiently and safely. The chipper truck was provided by Custom Truck Source and is already in use by the city crew. The hydro excavation combination sewer jet truck was purchased from Heil of Texas and is anticipated to be delivered by the end of July. Financing for the acquisitions was provided by Government Capital Corporation, Southlake, Texas.

“Having partnered together for over twenty years, the city is grateful to work with Government Capital,” stated Scott Moore, City Manager, City of Manor. “The team’s expertise was evident in the financing options they provided and how they met our needs.”

“I want to congratulate Scott Moore and the City of Manor on their acquisition,” commented Stephanie Cates, Senior Vice President, Government Capital Corporation. “We take great pride in assisting Texas cities in meeting their goals and objectives.”

About the City of Manor

The City of Manor was founded in 1872 and conveniently sits 12 miles east of Austin, TX. The city is home to over 8,500 residents and is poised to see substantial growth as the Austin area continues to expand. To learn more about the City of Manor visit www.cityofmanor.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 $5 billion in the state of Texas and across the country. For more information, visit www.govcap.com.

ORANGE COUNTY ESD 2 ACQUIRES NEW APPARATUS AND DISPATCH SYSTEM

By

Bridge City, Texas (May 2023) – Orange County ESD 2 announces the acquisition of a new fire truck and radio dispatch system. The apparatus is replacing an engine that served the district for over 20 years and will be joining a fleet of 10 other fire apparatus and three support vehicles. The radio system and accompanying equipment will be replacing a system from the 1980s that was donated to the district after Hurricane Ike struck in 2008. The district serves as the dispatch center for eight departments, so the new equipment will provide both the district and its partners with a more reliable and current communication system. The apparatus was purchased from Deep South Fire trucks, and the dispatch equipment is being provided by Motorola. Financing was provided by Government Capital Corporation, Southlake, Texas.

“Having partnered with Government Capital for over 10 years, we know we can rely on their experience and expertise,” stated Becky Buffington, District Administrator, Orange County ESD 2. “The team is easy to work with, and they have always been able to meet our needs.”

“I want to congratulate Chief Ricky Bodin, Becky Buffington, and Orange County ESD 2 on their acquisitions and upgrades,” commented Landon Newton, Vice President, Government Capital Corporation. “We take great pride in partnering with Texas Emergency Services Districts to help them achieve their goals and objectives.”

About Orange County ESD 2

Orange County Emergency Services District No. 2 serves 87 square miles on the east Texas border. The service area includes 12,000 residents in Bridge City, Orangefield, and surrounding unincorporated area. The team is comprised of 36 volunteer firefighters as well as a full-time Chief, Assistant Chief, the administrative team, and the dispatch team. To learn more about Orange County ESD 2, visit ocesd2.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com.

POLLOK-REDTOWN WATER SUPPLY CORPORATION BEGINS WATER METER UPGRADES

By

Pollok, TX (April 2023) – The Pollok-Redtown Water Supply Corporation announces the implementation of a city-wide water meter replacement project. The new radio-read meters will provide more accurate data and a more efficient process. Additionally, the upgrades will alleviate the need for citizens to read and report their water usage. The new equipment was provided by Secure Vision and is anticipated to be in operation by the end of May. Financing for the project as well as refinancing of existing loans was provided by Government Capital Corporation in Southlake, Texas.

“We had a very positive experience working with Government Capital,” stated Teresa Chase, Office Manager, Pollok-Redtown Water Supply Corporation. “The team provided great value to us in restructuring our existing loans to make our project a reality.”

“I want to congratulate Teresa Chase and the Pollok-Redtown Water Supply Corporation on their water meter upgrades,” commented Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “We’re proud to assist Texas utilities corporations in meeting their goals and objectives.”

About Pollok-Redtown Water Supply Corporation

Pollok-Redtown Water Supply Corporation’s mission is to provide safe, high quality water services to the community while maintaining a standard of excellence in customer service and environmental conservation. Pollok-Redtown WSC serves over 2,200 residents in the city of Pollok and the community of Redtown. To learn more about Pollok-Redtown WSC visit pollokredtownwsc.myruralwater.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com.

FALLS COUNTY ACQUIRES NEW EXCAVATOR

By

Marlin, TX (April 2023) – Falls County announces the acquisition of a new excavator to be used on the county’s Roads and Bridges project. The new excavator is the second in the county’s fleet and will be used in conjunction with heavy-duty freight trucks to clear the path for the new roads. The new equipment is expected to arrive by the end of April and the infrastructure improvements will begin upon the equipment’s arrival. Financing for the project was provided by Government Capital, Southlake, TX.

“Having partnered with Government Capital Corporation on multiple projects since 2004, we went right to their team for financing for this equipment acquisition,” stated County Judge Jay Elliott, Falls County. “We know we can get a good rate with Gov Cap and can count on them for a smooth process. We value their knowledge and expertise when it comes to municipal financing for Texas Counties.”

“I want to congratulate Judge Elliott, Georgie Patterson, and Falls County on this acquisition,” commented Cody Thomas, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in assisting Texas counties in meeting their goals and objectives.”

About Falls County

Falls County is located east of Waco and is home to approximately 17,000 residents. The county is named for the original 10-foot-tall waterfall on the Brazos River, which existed until the river changed course during a storm in 1866.  To learn more about Falls County, visit www.co.falls.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 and its affiliates have successfully completed thousands of municipal financings exceeding $5 billion in Texas and across the country. For more information, visit www.govcap.com.

MARCOLA SCHOOL DISTRICT ANNOUNCES COMPLETION OF NEW TRANSPORTATION FACILITY

By

Marcola, OR (March 2023) – Marcola School District announces the completion of a new transportation facility, a meaningful step toward self-sufficiency for the rural school district. The “bus barn” is built on the land known as “The Farm” which is used by the district’s agriculture program. The original plan for the facility was formed in 2019 after the district completed the transaction for “The Farm,” however, the timing was not yet right for the project to begin. Three years later, with the community’s support, the district was ready to build the facility. Construction was completed in March 2023, and financing for both “The Farm” and the “bus barn” were provided by Government Capital Corporation, Southlake, TX.

“Having partnered together on multiple projects since 2015, Government Capital Corporation has always been a huge support to us,” commented Terry Augustadt, Superintendent, Marcola School District. “When our project turned out to be over our budget, Gov Cap came to our rescue. This is a great example of just-in-time lending.”

“I would like to congratulate Superintendent Terry Augustadt and the Marcola School District Board on completing the new transportation facility,” stated Stephanie Cates, Vice President, Government Capital Corporation. “We take great pride in assisting Oregon schools in achieving their goals and objectives.”

About Marcola School District

Marcola School District is a public school district which serves the area in and around Marcola, OR with a current enrollment of over 750 students Pre-K-12th grade. The Marcola School District’s mission is to promote academic excellence and ethical and responsible citizenship for all its students in a safe, supportive, and enriched learning environment. To learn more about Marcola School District visit www.marcola.k12.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 and its affiliates have successfully completed thousands of municipal financings exceeding $5 billion in Oregon and across the country. For more information, visit www.govcap.com.

CITY OF DERIDDER ACQUIRES NEW FIRE APPARATUS

By

DeRidder, LA (March 2023) – The City of DeRidder announces the acquisition of three new Rosenbauer Custom Pumpers. The new engines will replace models from the current fleet that have served the city for a combined 75 years. “These trucks are special because everyone in the department had input in their customization,” stated Fire Chief Ken Harlow. “Every city has different needs, and we had the opportunity to select the specifications that best serve our community and our department.” The apparatus are supplied by Bonaventure Fire & Safety and are anticipated to arrive at the beginning of 2024. The engines were acquired with funds from the American Rescue Plan Act and with financing by Government Capital Corporation, Southlake, Texas.

“We had a very positive experience working with Government Capital on this acquisition,” stated Fire Chief Ken Harlow, City of DeRidder. “The team was always gracious and helpful, and their expertise in Louisiana’s unique financing statutes benefitted us greatly.”

“I want to congratulate Chief Harlow, Holly Buxton, and the City of DeRidder on their new fire apparatus,” commented DC Greer, Senior Vice President, Government Capital Corporation. “We take great pride in assisting Louisiana cities in meeting their goals and objectives.”

About the City of DeRidder

The city now known as DeRidder was incorporated in 1903 and is known for its rich timber and sawmill history. Today, DeRidder is home to over 10,500 residents and hosts a variety of events every year to celebrate culture, heritage, and holidays. To learn more about the City of DeRidder visit www.cityofderidder.org.

About Government Capital Corporation

Government Capital Corporation (GCC) 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 $5 billion in Louisiana and across the country. Additionally, GCC serves as the administrator of the equipment lease financing program for the Louisiana Municipal Advisory and Technical Services Bureau (LAMATS).  For more information, visit www.govcap.com.