Government Capital Corporation

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

Press Releases

LITTLE ELM ECONOMIC DEVELOPMENT CORPORATION BREAKS GROUND ON TINMAN SOCIAL ENTERTAINMENT VENUE

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  Little Elm, Texas (July 2021) – The Little Elm Economic Development Corporation announces the groundbreaking
of, “Tinman Social.” This social entertainment venue is made possible through a Public-Private Partnership. The
facility will include ping pong, cornhole, axe throwing, shuffleboard, bowling, and a full-service restaurant and bar
with indoor and outdoor seating. The square footage of the facility will be 36,000 square feet. Financing for the
project was provided by Government Capital Corporation, Southlake, Texas.

“We have completed multiple projects with Government Capital Corporation over the past ten years and we know
we can always count on their experience,” stated Jennette Espinosa, Executive Director, “The finance structure
Government Capital Corporation provided was a complete success for us.”

“We are excited to work with Little Elm EDC to finance this entertainment venue,” said Kevin Lerner, Senior Vice
President of Government Capital Corporation. “The venue provides a win-win project for the City of Little Elm. It
not only provides entertainment for residents but, will also generate revenue for the City.”

About Little Elm Economic Development Corporation

Little Elm Economic Development Corporation’s mission is to advance economic development in Little Elm by
creating new commercial businesses, new tourism opportunities, and new jobs to Little Elm. The EDC partners with
the Town to facilitate the vision and manage the progression of the Town Center development. To learn more visit www.littleelmedc.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 municipal
financings exceeding $4.5 billion in Texas and across the country. For more information, visit www.govcap.com

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VILLAGE OF GREENUP TO UPGRADE ELECTRIC, GAS AND WATER METERS

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  Village of Greenup, Illinois (July 2021) – The Village of Greenup announces the upgrade of electric, gas and water meters and the related Automatic Meter Infrastructure. “This upgrade will allow meters to be read and monitored in real time by the user and the city,” stated Kay Hornbeck, Village of Greenup Treasurer. “These meters will allow for more efficiency and conservation while improving service to our customers.” Project design and installation was provided by Honeywell International, Inc. Government Capital Corporation, Southlake, Texas was selected as the most cost-effective financing solution for the project.

“Our partnership with Government Capital Corporation provided real value to our project’s success,” remarked Kay Hornbeck, Treasurer. “Their experience allowed the project to proceed with great efficiency.”

“I want to congratulate the Village of Greenup on this important infrastructure improvement,” stated Ed King, Government Capital Corporation Senior Vice President, “Government Capital is proud to have partnered with the Village of Greenup on a project which will deliver tremendous benefits.”

About Village of Greenup

The Village of Greenup, also known as the Village of Porches, is home to over 1,500 residents and nestled between Interstate 70, IL RT 40 and IL RT 130. Main Street is known for its attractive old architecture, with beautiful overhanging porches, lining many of the downtown buildings. In these buildings are quaint antique stores and some restaurants. To learn more visit www.villageofgreenup.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 municipal financings exceeding $4.5 billion in Illinois and across the country. For more information, visit www.govcap.com

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BAY CITY COMMUNITY DEVELOPMENT CORPORATION ANNOUNCES REFUNDING SAVINGS

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Bay City, Texas (July 2021) – The Bay City Community Development Corporation announces the recent refunding of two separate debt obligations, one for a training facility and another for land acquisition. “Combining the two into one obligation maximized the savings for Bay City Community Development Corporation,” stated Jessica Russell, Executive Director. With the restructuring, Bay City is able to achieve significant interest savings via today’s low market rates. Government Capital Corporation, Southlake, Texas provided the refunding structure and refinancing.

“The financing provided by Government Capital Corporation, will allow us optimum budget flexibility. Their experience allowed the refunding to proceed very efficiently,” Ms. Russell commented.

“The current economic environment has development corporations searching for alternative funding options,” stated Jana Jay, Municipal Finance Specialist, Government Capital Corporation. “Our ability to customize this financing was integral to meeting the needs and budget of this client. It was a pleasure to work with Bay City Community Development Corporation on this transaction.”

About Bay City Community Development Corporation 

Bay City Community Development Corporation creates welcoming opportunities for residents and businesses in the city of Bay City. Their goals include providing opportunities for education expansion in their community, developing and encouraging entrepreneurship and leadership in their community, and encouraging new and current businesses to invest in Bay City. To learn more visit www.visitbaycity.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 municipal financings exceeding $4.5 Billion in Texas and across the nation. For more information, visit www.govcap.com

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OAKLAND ANNOUNCES REFUNDING SAVINGS

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Oakland, Oregon (May 2021) – The City of Oakland recently announced the refunding of a Business Oregon Economic and Community Development loan. The original note proceeds were used for the 2005 construction of a water treatment plant.  The refinancing provided substantial savings to the City and its constituents maintaining the same loan terms but with a reduced fixed interest rate.  The tax-exempt financing structure for the refunding was provided by Government Capital Corporation, Southlake, Texas. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.

“The prospect of a refunding was simplified by the experienced staff at Government Capital Corporation,” stated Terri Long, City of Oakland City Recorder.  “It is great to take advantage of savings for the residents and businesses in our city as well as eliminate the covenants incurred with the original loan.”

“It was a pleasure to work with Terri Long on this refunding,” stated Lisa Hott Government Capital Client Services. “The current economic environment has municipalities searching for ways to streamline their budgets and we were delighted to provide assistance.”

About the City of Oakland

The City of Oakland is surrounded by meadows, mountains, and the Calapooya Creek in Douglas County.  Oakland was the first city to be placed on the state’s historic register.  The City’s two-block business district consists of the original brick buildings built in the 1880s and 1890s, with more than 80 properties constructed between 1852 and 1890.  Oakland is a community, not just a place to live. To learn more visit www.oaklandoregon.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 municipal financings exceeding $4.5 Billion in Oregon and across the nation.  For more information, visit www.govcap.com

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CITY OF BURNS ANNOUNCES REFUNDING SAVINGS

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Burns, Oregon (May 2021) – The City of Burns announces the recent refunding of a League of Oregon Cities, LOCAP Program loan. The original note proceeds were used for the land acquisition and construction of the Burns Municipal Airport. The tax-exempt refunding loan structure resulted in a significant savings for the city via a reduced fixed interest rate and contains less restrictive covenants. The structure for the refunding was provided by Government Capital Corporation, Southlake, Texas. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.

“The refunding process was seamless and painless and closed within thirty days from approval of the Resolution,” stated Dan Brown, Burns City Manager. “I appreciate the professionalism and knowledge of public finance borrowing regulations exhibited by everyone at Government Capital.”

“It was an honor and a privilege to work alongside Dan Brown, Burns City Manager,” stated Lisa Hot of Government Capital Corporation. “We were excited to be able to save the City thousands of dollars in interest costs. We take great pride in assisting local governments meet their goals and objectives.”

About the City of Burns
Burns is commonly referred to as the gateway to the Steens Mountains. The mountain, a thirty-mile fault block consists of five separate vegetation zones of glaciated gorges, lakes, and meadows. Burns offers breathtaking scenery, outdoor activities of hiking, fishing, hunting, and backpacking. Burns is the county seat of Harney County and has a population of more than 2,800. To learn more visit ci.burns.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

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CROOK COUNTY FIRE & RESCUE ACQUIRES NEW AMBULANCE

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Crook County, OR (May 2021) – Crook County Fire & Rescue announces the delivery of a new ambulance and related emergency medical equipment. Fire Chief Matt Smith stated, “This ambulance includes a self-loading cot and airbags in the transport area which provide much needed safety features for our staff & patients.” The Fire District selected a Horton Model 453 Type 1 ambulance from Professional Sales and Service. Cardiac monitors for the ambulance were provided by ZOLL Medical Corporation and the gurney and related equipment were purchased from Stryker. Government Capital Corporation 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 Matt Smith, Crook County Fire & Rescue Fire Chief. “I appreciated the ease and straightforward nature of the process.”

“It was a privilege to work with Chief Smith on this important procurement,” stated Jana Jay, Municipal Finance Specialist with Government Capital Corporation. “We take great pride in being able to provide financings that enable first responders to better serve their communities.”

About Crook County Fire & Rescue
Crook County Fire & Rescue, originally chartered as the Prineville Volunteer Fire Department in 1882, is central Oregon’s oldest fire department. It covers an ambulance service area of 3,000 square miles and a fire service area of 450 square miles. The fire district includes a main station in Prineville and two substations and is staffed by 51 firefighters, most of whom are either EMTs or Paramedics. Volunteers are still the heart of the department. For more information visit, www.crookcountyfireandrescue.com.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Fire Districts and all other 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.

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