Government Capital Corporation

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

Press Releases

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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COMAL COUNTY EMERGENCY SERVICE DISTRICT NO. 3 ANNOUNCES TWO NEW IDENTICAL FIRE STATIONS

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Canyon Lake, Texas (February 2019) Comal County Emergency Services District No. 3 will be adding two identical fire stations by the 2nd quarter of 2020. One station will be on FM 306 near Purgatory Rd. and the other on S. Cranes Mill Rd. near Hwy 46, both in the New Braunfels area of their jurisdiction. The two new stations will be identical in size and design at approximately 8100 square feet with two stacked bays. Brown, Reynolds and Watford Architects of Dallas, Texas were selected by the District to provide design plans. Government Capital Corporation was selected as the most cost effective financing solution. ESD No. 3 has also engaged AGCM, Inc., a construction management firm with a history of working in the client’s best interest and finding ways to resolve even the toughest issues, to assist with the design phase and then construction phase of this project.

“The board was very happy with Government Capital and their willingness to attend multiple meetings from initial planning to the end with financing. Kevin Lerner and Stephanie Cates were always available to assist with any questions the commissioners or I had. Their insight and experience was a huge help in the final decision making process of which financing option to proceed with” stated Angela Hemphill, Comal County ESD No. 3 Business Manager.

“We were excited to be able to save the department thousands of dollars by eliminating traditional real estate closing costs, especially with construction costs increasing the way they are,” stated Kevin Lerner, GCC Vice President. “We take great pride in being able to provide financings which enable first responders to serve their communities better.”

About Comal County ESD No. 3
Comal County ESD No. 3, provides Fire protection and through an Interlocal Agreement with Comal County ESD No. 2 provides Emergency Medical Services as well all within Comal County, Texas. The District currently has an estimated population of 27,000 full time residents, which swells to over 100,000 during the summer tourism season and protects an area of 250 square miles of northeast Comal County. The District is located 50 miles south of Austin, Texas (the state capitol) and 40 miles north of San Antonio, Texas. Comal County ESD No. 3 is located wholly within Comal County, one of the fastest growing counties in Texas. Currently the district has four (4) fire stations strategically located across its jurisdiction and 52 full-time operational personnel and 4 administrative personnel. For more information please visit canyonlakefire-ems.org.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to emergency services districts 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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AGUA SPECIAL UTILITY DISTRICT ADDS MULTIPLE ENHANCEMENTS INCLUDING NEW WATER METERS, LED LIGHTING AND NEW VEHICLES FOR THE DISTRICT

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Palmview, Texas (Fall 2018) – The Agua Special Utility District recently announced multiple enhancements throughout the district. These enhancements include updating 14,700 new water meters, adding new LED lighting at the Water Treatment plants and purchase new vehicles for the district.

“Agua SUD will benefit from the new water meters by eliminating the need for devoted resources to replace failing meters throughout the surrounding water service area. The reliability of water service and accurate billing for residential and commercial customers will be greatly enhanced” stated the General Manager. “Government Capital’s knowledge of the lending laws and the ability to customize financing, allowed us to purchase much needed equipment.”

“I want to congratulate the Board for their foresight and leadership with the upgraded facilities. These enhancements will benefit the District for many years,” stated Stephanie Cates, Vice President Government Capital Corporation.

About Agua Special Utility District

Agua Special Utility District was created in 2005 to provide drinking water and sewer collection services to its customers in Hidalgo and Starr County. The District is located approximately 13 miles west of the City of McAllen’s Business District, along expressway 83. The eastern boundary of the District is comprised primarily of the City of Mission’s city limits for the southern half and Bensten Palm Drive for the northern half of the District. The southern boundary of the District is made up entirely by the Rio Grande River and the U.S./Mexico Border. The District contains the City of Palmview, the City of Peñitas, the City of Sullivan City, and the Communities of Cuevitas and Los Ebanos. For more information, visit aguasud.org.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to utility districts 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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ELBERTA VOLUNTEER FIRE DEPARTMENT ORDERS TWO NEW PUMPER TRUCKS

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Elberta, Alabama (January 2019) – The Elberta Volunteer Fire Department recently announced the order of two E-One commercial 4-door pumper trucks. Sunbelt Fire of Fairhope, Alabama is building the new additions. The pumper trucks have an anticipated delivery date of May 2019. Elberta VFD selected Government Capital Corporation as the most cost-effective financing option for the new trucks.

“The process was straightforward, and a quick, easy, cost-effective method to finance much needed equipment. Government Capital Corporation made the process smooth. They walked me through each step of the process and responded quickly to our questions and needs so that the funding was completed in a timely manner,” stated Nick Scheer, Fire Chief.

“The enhanced service reliability and functional capabilities of the new engines should meet the needs of the District 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 Elberta Volunteer Fire Department
The Elberta Volunteer Fire Department was incorporated as an IRS designated not for profit 501©3 organization in October of 2013. 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.

The Elberta German Sausage Festival is a bi-annual fundraiser for the Elberta VFD and attracts approximately 30,000 people per festival. The festival has over 200 arts and crafts booths. The VFD cooks about 6,000 pounds of Elberta German Sausage per festival with all proceeds benefiting the fire department. For more information, visit elbertafire.com

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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WALNUT CREEK SPECIAL UTILITY DISTRICT TO UPGRADE WATER METERS DISTRICTWIDE

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Springtown, Texas (October 2018) – The Walnut Creek Special Utility District recently announced the upgrade of 4,800 water meters throughout the district. These new meters, provided by Smart Earth Technologies, will improve  data gathering useful in handling customer inquiries and to monitor water system health performance. Government Capital Corporation was selected as the most cost effective option. Smart Earth Technologies cell based system worked best in this area because of terrain and remote areas. Studies have shown replacing old meters will increase revenue by accurate measurement of water loss. Other benefits include better data to use with customer complaints and allow customers to actually see their usage in near real time. Installation has begun and will continue through the end of 2018.

“The lease purchase solution provided by Government Capital allowed us to close our financing and get started on our project much more timely. Not having to wait for approval from TCEQ enabled us to start on time. Our financing partner, Government Capital Corporation, provided excellent service. Their customer care is second to none and they follow up regularly” stated Steve Harris, General Manager.

“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the District. It was my pleasure to work alongside Mr. Harris and his great team.” stated Stephanie Cates, Vice President, Government Capital. “I would like to congratulate Mr. Harris, and the Board for their hard work and foresight.”

About Walnut Creek Special Utility District

Walnut Creek Special Utility District, currently serving 7,500 customers, is the successor to the Walnut Creek Water Supply Corporation. The Corporation was originally organized in 1966 as a non-profit water supply corporation. Their purpose is to provide and furnish a safe, dependable water supply to rural areas of northern Parker and southern Wise Counties. For more information, visit walnutcreeksud.org

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to utility districts 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.