Government Capital Corporation

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

Press Releases

CARENCRO UTILIZES LAMATS PURCHASING SERVICES FOR AN EQUIPMENT ACQUISITION

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Carencro, LA (January 2020) – The City of Carencro announces the delivery of a new excavator for its utility department. The 2016 Gradall D-152 excavator provided by Scott Equipment represents a much needed addition to the fleet. The City selected the Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) cooperative lease purchase program administered by Government Capital Corporation (GCC) as the most economical financing solution.

“The tax exempt lease purchase structured by Government Capital Corporation was the perfect solution. In addition to reduced interest cost compared to the lease offering provided by the equipment manufacturers, the process was quick, easy and enabled us to take delivery of the equipment on our schedule,” stated Mayor Glenn Brasseaux.

LaMATS Executive Director Cliff Palmer stated, “LaMATS continues to have complete confidence in Government Capital as our municipal finance partner. When a municipality is considering a lease-purchase of equipment, our cooperative program is a great option.”

About Carencro, Louisiana: The City of Carencro is eight miles north of Lafayette on Interstate 49. With a population of approximately 9,600, Carencro is a great place to live, work and play. Our community is united behind our Cajun and Creole heritage, and we pride ourselves in the preservation of our traditions while moving into the future. The heart of our city is its citizens, and Carencro offers resources for our citizens to enhance their way of life and come together as a community. www.carencro.org or Mayor Glenn Brasseaux, 337-896-7001.

About Louisiana Municipal Advisory and Technical Services Bureau (LaMATS): The Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) was established in 1998 and is a wholly-owned subsidiary of the Louisiana Municipal Association (LMA). The mission of LaMATS is to bring economical and efficient services that assist the LMA membership with their day-to-day business. LaMATS offers a variety of services and programs including: Insurance Premium Tax Collection Program, Occupational License Program, LaMATS Purchasing Services, Millage Management, Municipal Debt Recovery, etc. For more information: lamats.net, or Cliff Palmer, Executive Director, 225-316-7157.

About Government Capital Corporation: Government Capital Corporation is a leading public finance firm providing professional financial services to municipalities, parishes, fire districts, schools and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Louisiana and across the country. For more information: www.govcap.com, DC Greer or Marti Sauls, 800-883-1199 DC.Greer@govcap.com or Marti.Sauls@govcap.com

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GODLEY 4B ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES A PARK REHABILITATION PROJECT

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Godley, Texas (September 2019) – The Godley Economic Development Corporation of Godley, Texas announces the financing of a park rehabilitation project. The improvements to the Godley City Park located at 104 East Allen, will include a playground expansion, additional picnic tables and benches, a basketball court, bathroom facilities, as well as, sidewalks, lighting and irrigation. The project is estimated to be completed in November 2019. Government Capital Corporation was selected as the most cost- effective financing solution for the project.

“The financing structure provided by Government Capital Corporation was cost effective and allowed our EDC to save costs associated with traditional real estate financings. Their experience and finance expertise were of tremendous value to our project over all.” stated David Wallis, Mayor of the City of Godley.

“We would like to congratulate Mayor David Wallis and the Godley Economic Development Corporation team on their hard work related to this project. We take great pride in being able to provide financings to enable our clients to better serve their communities,” commented Michelle Sanders, Government Capital Client Services Specialist.

About Godley 4B Economic Development Corporation

Godley Economic Development Corporation is a Type B Development Corporation located in Johnson County, only 30 miles southwest of downtown Fort Worth. Over 100 years old, the City of Godley has a long proud history of being known as a peaceful, close knit community, as well as being a great place to raise a family and educate your children. The current population is 1,009 but is increasing quickly with new subdivisions enabling the city to keep up with growing demand. With Chisholm Trail Parkway opening, this area continues to experience tremendous growth. For more information, visit godleytx.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 project financings in Texas and across the nation. For more information, visit govcap.com.

 

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SOUTH LANE COUNTY FIRE & RESCUE ACQUIRES NEW EQUIPMENT

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Cottage Grove, OR (September 2019) – South Lane County Fire & Rescue announces the acquisition of new Scott Air  Compressors, Self-Contained Breathing Apparatus (SCBA) and related  equipment. Cascade Fire Equipment Company located in Medford, provided all of the equipment. The new breathing apparatus will improve the safety of firefighters by replacing older, outdated equipment. South Lane County Fire & Rescue selected Government Capital Corporation as the most cost-effective financing solution for the equipment acquisition.

“Government Capital Corporation’s financing process was smooth and straight-forward,” stated Chief John Wooten. “The five year financing structure provided by GCC allowed the Fire & Rescue to obtain all the needed equipment today and eliminate future cost increases.”

“We take great pride in being able to provide financings to enable first responders to serve their communities better. It was a pleasure working with Chief Wooten and the South Lane County Fire & Rescue Board,” commented Jana Offutt, Government Capital Corporation Client Services Specialist.

About South Lane County Fire & Rescue

South Lane County Fire & Rescue (SLCF&R) is a public safety organization responsible for delivering fire protection, rescue, emergency medical services and transport within its geographical and assigned boundaries 24 hours a day, seven days a week, 365 days a year. SLCF&R provides Emergency Medical Services (EMS) to residents and visitors in Creswell, Cottage Grove and rural South Lane County in an 800 square mile ambulance service area which includes the 132 square mile fire district. SLCF&R responds to approximately 4,200 calls each year and relies heavily on the utilization of Resident Reserves who respond in conjunction with career staff to emergency scenes.  SLCF&R also responds to wildland fires in their area & is included in the Lane County Wildland Firefighting Taskforce. For more information, visit southlanefire.org

About Government Capital Corporation

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

 

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CITY OF MCMINNVILLE IMPLEMENTS PUBLIC SAFETY COMMUNICATION SYSTEM ENHANCEMENTS

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McMinnville, Oregon (August 2019) – The City of McMinnville, Oregon, announces upgrades to their current communication system. The recently purchased equipment allows the Police Department to become P25 compliant, encrypt police radio transmissions and improve network transmissions throughout the City’s police department. With implementation scheduled in the fall of 2019, Day Wireless provided the Motorola Communication System upgrade and installation. The City selected Government Capital Corporation as the most cost-effective financing solution for the project.

Marcia Baragary, Finance Director of the City of McMinnville stated, “All of the Government Capital team was great to work with from beginning to end. Whenever I needed something, everyone was incredibly helpful!”

“The enhanced service reliability and functional capabilities of the new communication system should meet the needs of McMinnville for many years. We take great pride in being able to provide financings which enable first responders to better serve their communities,” commented Jana Offutt, Client Services Specialist of Government Capital Corporation.

About McMinnville, Oregon

Located on Oregon Route 99W approximately 38 miles south of Portland, the City of McMinnville is the county seat of and the largest city in Yamhill County, Oregon.  The estimated population is currently 34,345. Also known as the “Land of Plenty”, McMinnville is the heart of Oregon wine country and was nominated as the 2016 wine region of the year by Wine Enthusiast. For more information, visit www.mcminnvilleoregon.gov

About Government Capital Corporation

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

 

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TRAVIS CENTRAL APPRAISAL DISTRICT ANNOUNCES FACILITY ACQUISITION & RENOVATIONS TO MAIN OFFICE

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Austin, Texas (August 2019) – The Travis Central Appraisal District announces the purchase and renovation of the former National Western Life Insurance Building in North Austin. After various renovations are completed, the 73,000 square foot facility will serve as the Travis Central Appraisal District’s main office. With construction currently underway, the renovations are expected to be completed in the Spring of 2020.

Marya Crigler, Chief Appraiser of Travis Central Appraisal District stated, “The much needed facility renovations will allow us to better serve the constituents of Travis County for many years.” Travis CAD selected Government Capital Corporation as the financing solution for the project and Naman, Howell, Smith & Lee, PLLC served as bond counsel in connection with the project.

“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the Appraisal District,” stated Stephanie Cates, Government Capital Corporation Vice President of Client Services. “We would like to congratulate Marya Crigler, Chief Appraiser, and the Travis Central Appraisal District Board for their work and foresight.”

About Travis Central Appraisal District
The mission of Travis Central Appraisal District, in accordance with the Texas Constitution and the laws of the state, is to provide accurate appraisal of all property in Travis County at one hundred percent market value, equally and uniformly, in a professional, ethical, economical and courteous manner, working to ensure that each taxpayer pays only their fair share of the property tax burden. Today the Travis Central Appraisal District appraises property of approximately 873 square miles and is responsible for almost 380,000 tax accounts. For more information, visit www.traviscad.org.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to appraisal 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 www.govcap.com.

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MORGAN ISD ANNOUNCES GYMNASIUM RENOVATION AND EXPANSION

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Morgan, Texas (July 2019) – Morgan Independent School District announces the much-anticipated gymnasium renovation and expansion project. The gym renovation and expansion project is expected to be completed by August 2019. The design and construction management is being provided by DSA Construction Management. The project includes retractable bleachers, a new scoreboard, new basketball & volleyball goals and pads, as well as additional square footage. Morgan ISD selected Government Capital Corporation as the most cost-effective financing solution for the project.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly.  Their customer care is excellent and they follow up regularly. The expertise GCC provided was valuable to our project.”, stated John Bryant, Superintendent of Morgan ISD.

Jana Offutt, Client Services Specialist said, “Congratulations to Mr. Bryant and the team at Morgan Independent School District for their resourcefulness in planning and execution of this project.  It’s a win for the students, staff and the community.”

About Morgan Independent School District

Morgan Independent School District is centrally located in Bosque County Texas.  Bosque County is located on the Edwards Plateau, west of the Brazos River. The current enrollment is approximately 131 students.  Morgan Independent School District is classified as an A school by the UIL. For more information, visit www.morganisd.org.

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 www.govcap.com.

 

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