Government Capital Corporation

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

Utility Districts

POLLOK-REDTOWN WATER SUPPLY CORPORATION BEGINS WATER METER UPGRADES

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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.

WILLOW PARK TO UPGRADE WATER METERS

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City of Willow Park, Texas (April 2021) – The City of Willow Park is announcing the upgrade of 2,020 water meters and the related Automatic Meter Infrastructure.  The project is underway and is scheduled to be completed in the next few months.  “This upgrade will allow meters to be read and monitored in real time by the user and the city, stated Bryan Grimes, Willow Park City Administrator.  “These smart meters will quickly detect leaks and high-volume water use allowing for more efficiency and conservation while improving service to our customers.”  Project design and installation was provided by Aqua Metric Sales Company, Selma, Texas. Government Capital Corporation, Southlake, Texas was selected as the most cost-effective financing solution.

“Our city has completed multiple projects with Government Capital,” remarked Bryan Grimes.  “We appreciate their professionalism and customer service.” Their staff ensures the transaction will be seamless.”

“I want to congratulate Mr. Grimes and his team for their foresight and leadership with the upgraded water meters and AMI,” stated Stephanie Cates, Government Capital Corporation Senior Vice President. “This investment will benefit the City of Willow Park for many years.”

About Willow Park

Willow Park, located in Parker County is the second largest city in one of the fastest growing counties in Texas and is located just west of Fort Worth.  The city has a population of more than 5,900 and a total area of 6.3 square miles.  Willow Park offers the charm of a small town, the amenities of urban life, and none of the crowds of the big city.   For more information visit www.willowpark.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 country.  For more information, visit www.govcap.com.

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ONO ISLAND WATER, SEWER AND FIRE PROTECTION AUTHORITY ANNOUNCE CONSTRUCTION OF NEW FIRE STATION

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Ono Island Water, Sewer & Fire Protection Authority, AL (March 2021) – The Ono Island Water, Sewer and Fire Protection Authority recently approved the construction of a new fire station on River Road in Orange Beach, Alabama. Construction of the fire station is expected to be completed in the next 9-12 months.  The 5,883 square foot station will include 2 apparatus bays, 6 dorm rooms, an office, an EMS Room, kitchen and living area as well as a training room.  McCollough Architecture, Orange Beach, Alabama was selected to provide the architectural design for the project.  MW Rogers Construction Company LLC, Mobile, Alabama will serve as the general contractor. Financing for the project was provided by Government Capital Corporation, Southlake, Texas. Hand Arendall Harrison Sale, Mobile, Alabama, served as bond counsel and provided all documentation and requisite legal opinion.

“Government Capital’s experience and expertise was a great value to our project,” explained Pete Stritzinger, Ono Island Water, Sewer and Fire Protection Authority Chairman of the Board, and the 20-year fixed rate loan structure provided  budget flexibility and eliminated the risk of a future interest rate associated with variable rate options.”

“Working with state and local governments for over 25 years, we take great pride in assisting municipalities meet their goals and objectives. I want to congratulate Pete Strizinger and the Ono Island Water, Sewer and Fire Protection Authority Board for their leadership in the implementation of this important project.” stated D.C. Greer, Government Capital Corporation, Senior Vice President.

About Ono Island Water, Sewer and Fire Protection Authority

Ono Island Water, Sewer and Fire Protection Authority is a business entity and a domestic non-profit corporation, governed by a five-member Board of Directors.  The Authority provides services to the more than 1,400 residents of Ono Island located in Baldwin County, Alabama. The fire protection services are contracted with the City of Orange Beach.  Ono Island is a 5.5-mile-long natural barrier island separated from downtown Orange Beach, Alabama and Perdido Key, Florida.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to Emergency Service Districts and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4.5 billion in Alabama and across the country.  For more information, visit www.govcap.com.

 

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CITY OF POST INSTALLS WATER EQUIPMENT UPGRADES

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The City of Post, TX (January 2021) – The City of Post announces the recent acquisition of AMI water meters and maintenance equipment upgrades.  The AMI water meter project includes the installation of 1,692 water meters and is scheduled to be completed in March.   The water system design and implementation were provided by KW Sharp, Lubbock, Texas.  Upgrades also included a John Deer 2010D E Four Tire Ejector Scraper, a BOMAG Landfill Compactor as well as a John Deer 524L Wheel Loader, all provided by Yellow House Machinery Company, Lubbock, Texas.  “The upgrade in the water meters will allow the city to accurately and more efficiently provide service to customers, stated Deana Smith.  “The heavy equipment was purchased to replace outdated and aged equipment.”

Government Capital Corporation, Southlake, Texas provided the financing for both acquisitions.

“Government Capital’s expertise and experience was a great value to our project,” stated Deanna Smith.  “Their knowledge of public sector financing greatly streamlined the acquisition process.”

“I want to congratulate Deanna Smith, City Manager, Mayor Marvin Self and the Post City Council for their insight and leadership with the upgraded AMI water meters and heavy equipment,” stated Drew Whitington.  “We take great pride in assisting Texas municipalities reach their goals and objectives.”

About the City of Post
Post is the county seat of Garza County with a population of 5,469. This city is located three miles below the Cap Rock, 40 miles southeast of Lubbock on Highway 84, and has become known as the gateway to the plains of West Texas. Post was founded in 1907 by cereal magnate Charles William Post. For more information, visit www.cityofposttexas.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 Billion across Texas and the nation. For more information, visit www.govcap.com.

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CITY OF BONHAM ANNOUNCES WATER METER AND ENERGY CONSERVATION PROJECT

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Bonham, TX (November 2020) – The City of Bonham announces the purchase of new Advanced Metering Infrastructure (AMI) water meters and energy conservation equipment. This project includes the installation of 3,300 new automatic reader water meters as well as LED lighting retrofits, AC unit replacement and SCBA tank compressors.  With implementation already underway the project is expected to be completed in April 2021.  Ameresco, Inc. was selected to provide project design and installation services.  Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“Since 2017 the City of Bonham has completed multiple financings with Government Capital Corporation and we appreciate their experience in municipal financing,” stated Sean Pate, City Manager.  “Government Capital’s expertise was a great value to the overall project.”

“This successful implementation of this project will serve the city of Bonham for many years,” commented Drew Whitington, Government Capital Corporation Client Services.  “It was a pleasure to work with the Bonham city officials.  We take great pride in assisting Texas cities reach their goals and objectives.”

About the City of Bonham
The city of Bonham is in Fannin County approximately 75 miles northeast of the Dallas/Fort Worth metroplex with an approximate population of 10,127. The largest employers of Bonham are the Veterans Medical Center, Texas Department of Criminal Justice and McCraw Oil. Bonham is one of the oldest cities in Texas dating back to 1837. James Bonham, the city’s namesake sought the aid of James Fannin at the Battle of the Alamo. Bonham has a rich history and is a great place to call home. For more information, visit www.cityofbonham.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 Billion across Texas and the nation. For more information, visit www.govcap.com

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TOWN OF RICHLAND UPGRADES WATER METERS

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The Town of Richland, NY (November 2020) – The Town of Richland announces the purchase of an AMI meter reading system including 1,000 Stealth Radio MIU Transmitters to retrofit all current bronze meters.  Implementation of this project has begun and is scheduled to be completed in June 2021.  “This upgrade will greatly enhance reporting efficiencies and allow meters to be read and monitored from a central location,” stated Daniel Krupke, Town Supervisor. “The result is the utility will operate more efficiently while improving service to our customers.”  Zenner USA provided the metering solution and Blair Supply Corporation is providing the project design and installation.  Government Capital Corporation, Southlake, Texas provided the financing for the project.

“Government Capital’s expertise and experience was a great value to our project,” stated Daniel Krupke.  “Their knowledge of public sector financing greatly streamlined the project.”

“I want to congratulate Daniel Krupke, Town Supervisor for his foresight and leadership with the upgraded water meters and AMI infrastructure,” stated Paige Locknane, Client Services, Government Capital Corporation. “This investment will benefit the Town of Richland for many years.”

About the Town of Richland
The Town of Richland is unique as it is bordered by Lake Ontario’s eastern shore in Oswego County in the heart of the Salmon River corridor. The Town of Richland offers white sand beaches, state parks, four seasons of recreation and year-round sport fishing. The pride of Richland is the state-of-the art water system that provides award winning water quality, serving Richland and neighboring towns.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to municipalities, fire districts, schools, hospitals and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4 billion in New York and across the country. For more information, visit www.govcap.com.

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