Government Capital Corporation

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

Press Releases

UMATILLA MORROW RADIO & DATA DISTRICT MAKES DISTRICT‐WIDE COMMUNICATION SYSTEM ENHANCEMENTS

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Pendleton, Oregon (April 2019) ‐ The Umatilla Morrow Radio & Data District recently announced the upgrade of their district‐wide public safety communication system. This upgrade will include site infrastructure, dispatch consoles and subscriber units. Installation is to begin immediately, with completion scheduled for the fall of 2020. The communication system was designed by RACOM. The district selected Government Capital Corporation as the most cost effective financing solution for the project.

“Building the best public safety communications system possible with our relatively small budget is a priority for our district. The expertise and experience provided by Government Capital Corporation has helped us past the first hurdle and we are closer to reaching that goal,” stated Shawn Halsey, District Administrator.

“I would like to congratulate the district’s leadership on the implementation of this valuable project which will serve the constituents for many years. We take great pride in being able to provide financings to enable first responders to serve their communities better,” commented Joshua Rosser, Government Capital Public Finance Specialist.

About Umatilla Morrow Radio & Data District
The mission of the Umatilla Morrow Radio & Data District is to provide quality public safety communications support to all system users and to provide this service in the most cost effective manner possible. The ability to form a radio and data district was created in 2009 when the Oregon Legislature passed and Governor Kulongoski signed House Bill 3254. The District is funded by a property tax of $.17 per $1000 of assessed value for those residing within the district. For more information, visit umrdd.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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VAN EDC SAVES MONEY BY REFINANCING TEXAS LEVERAGE FUND LOAN

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Van, Texas (March 2019) – The Van Economic Development Corporation (VEDC) of Van, Texas announced the refinancing of a Texas Leverage Fund Loan, with Government Capital Corporation being selected as the financing partner for this transaction.

Charles West, City Administrator commented, “Today’s financial market has municipalities searching for ways to reduce costs. The refinancing options provided by Government Capital Corporation saved money and allowed our Economic Development Corporation to convert a monthly floating rate loan to a fixed rate loan, thereby reducing our risk of future interest rate rises.”

Stephanie Cates, Client Services Vice President stated, “It was a pleasure working with Van Economic Development Corporation. We take great pride in assisting Texas Economic Development Corporations in meeting their objectives and project goals.”

About Van Economic Development Corporation
Van Economic Development Corporation is a Type B Development Corporation located an hour east of the DFW Metroplex along the I-20 corridor. With a population over 2,600, the City of Van is proud of their Mayberry-like character, offering a traditional down-home quality of life. For more information, visit vantx.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 has successfully completed thousands of project financings in Texas and across the nation. For more information, visit govcap.com.

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OLDHAM COUNTY APPRAISAL DISTRICT APPROVES NEW FACILITY ACQUISITION & IMPROVEMENTS

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Vega, Texas (March 2019) – Oldham County Appraisal District announces the approval of a project to acquire new facilities and provide building renovations. The ribbon cutting is scheduled for late March. Local firms are providing the engineering, design and improvements and Government Capital Corporation’s financing proposal was selected as the most cost effective financing solution for the project.

“After months of planning, we are excited to implement this important project. In addition to providing the budget flexibility our District needed, the proposal offered by Government Capital allowed our District to avoid unnecessary traditional closing costs such as an appraisal, title policy, insurance and an environmental study,” affirmed Leann Voyles, Chief Appraiser of Oldham CAD.

“I’d like to offer congratulations to the leadership of Oldham County Appraisal District for their successful implementation of this important project that will benefit the constituents of Oldham County for years,” stated Drew Whitington, Government Capital Corporation Public Finance Specialist.

About Oldham County, Texas

Oldham County, located in the Texas Panhandle and is known for farming wheat, wind farms, oil and gas and is home to some of the largest ranches in the nation. The County’s population is currently estimated at over 2,000. Additionally, the Cal Farley’s Boys Ranch located in Oldham County, is one of the nation’s largest privately-funded child and family service organizations. The ranch has been in operation for 80 years. For more information, visit co.oldham.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 project financings in Texas and across the nation. For more information, visit www.govcap.com.

 

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PERDIDO BEACH VOLUNTEER FIRE DEPARTMENT ACQUIRES PLATFORM AERIAL FIRE TRUCK

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Perdido Beach, Alabama (February 2019) – The Perdido Beach Volunteer Fire Department recently acquired a 2005 Pierce Dash 100’ foot platform aerial fire truck. The purchase allows the department to better serve our constitutents and adds the capability to assist in automatic mutual aid with three other departments for commercial structures. Perdido Beach VFD worked with Brindlee Mountain Fire Apparatus as the equipment provider. The department selected Government Capital Corporation as the most cost effective funding solution for the purchase.

“This was our first financing experience,” stated Chief Ken Wright. “The staff at Government Capital stepped us through the entire process and made it easy to understand. Their experience was a great value to our overall project. Without the financing option, we would not have been able to purchase the truck. We had the opportunity to meet D.C. Greer, who took time to come by and visit with us while in our area.”

“The department provided the required information for processing in a timely manner, making the process flow smoothly. It was a pleasure working with the department providing financing which met their budget needs. The enhanced service reliability and functional capabilities of the new aerial should meet the needs of the department constituents for many years. We take great pride in being able to provide financings that enable first responders to serve their communities better.” stated D.C. Greer, Vice President

About Perdido Beach Volunteer Fire Department
Perdido Beach is a rural community located in SSW Baldwin County. The department was incorporated in 1984, serves 20 square miles and responds to an average of 200 calls per year. The Fire Department is funded by a share of a one and one half mill ad valorem tax assessed on property in Baldwin County. The funding is divided among 37 volunteer fire departments in the county. Population ranges from 1,000 to 1,500 (increase due to vacationers in the summer months). For more information, visit perdidobeachfire.org.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Fire Departments and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Alabama and across the country. For more information, visit govcap.com.

 

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PAMPA ISD ANNOUNCES REPLACEMENT OF STADIUM TURF

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Pampa, Texas (February 2019) – Pampa Independent School District recently announced the replacement of the turf at the Harvester Field Athletic Stadium. The project completed in January by Hellas Construction, consists of a Matrix systematic turf solution developed by Hellas. The turf has an estimated lifespan of more than 10 years and is currently utilized in the school market as well as the NFL. Government Capital Corporation was selected to finance the project.

“Government Capital Corporation (GCC) has provided assistance at every turn. They made the process effortless allowing closing to be accomplished on a timely basis. GCC’s finance structure was the most cost effective, especially critical when cash flow is tight, but you must renovate and update your facilities.” stated Tanya Larkin, Superintendent.

“I enjoyed working closely with the Superintendent and Business Manager to provide the structure for their purchase on their established timeline. I take great pride in working with our clients, facilitating financing that will benefit students for years to come,” affirmed Stephanie Cates, Client Services Vice President. “The financing allowed the School District to upgrade their stadium field without depleting their fund balance.”

About Pampa Independent School District
Pampa Independent School District is a public school district based in Gray County, Pampa, Texas. With a student population of over 3,500 students, their mission is to produce learners who are compassionate, competent, confident, and future-ready! The district’s excellence is translated by community involvement and continued faith in being beacons of hope and prosperity. For more information, visit pampaisd.net

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to school districts and all other local governmental entities.  Since its founding in 1992, the company has completed thousands of project financings in Texas and across the country. For more information, call (800) 883-1199 or visit govcap.com.

 

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NAVARRO COUNTY, TEXAS ACQUIRES MAINTENANCE EQUIPMENT

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Navarro County, Texas (February 2019) – The Navarro County Auditor’s Office announces the acquisition of various much needed maintenance equipment from Bane Machinery. The equipment was received in a timely manner, replacing outdated and aged equipment. The county selected Government Capital Corporation as the most cost effective financing option.

Terri Gillen stated “Since 2013, we have chosen Government Capital Corporation to provide financing for numerous projects. They walk us through each step and respond quickly at every turn.”

“The current economic environment has municipalities searching for alternative funding options. Our knowledge of municipal lending structures available to Texas municipalities provides many of our clients the ability to obtain new equipment now,.” stated Drew Whitington, Client Services Manager.

About Navarro County, Texas
Navarro County was formed from Robertson County in 1846. Richland Chambers Lake in Navarro County is the third largest inland reservoir by surface area in Texas. Additionally, the county’s population has increased to over 47,700 and the City of Corsicana is the county seat. For more information, please visit co.navarro.tx.us.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to counties, municipalities and 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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