Lafayette Parish, LA (May 2022) – The Lafayette Parish Waterworks District South announces the upgrade of water meters including an Automatic Meter Infrastructure. This upgrade will allow for more accurate reads and operate more efficiently while improving the service to the residents of the southwestern section of Lafayette Parish. The new meters will replace existing water meters which have been in service for over two decades. The installation of the meters has begun and is anticipated to be completed by the fall of 2022. Coburns and Utility Metering Solutions provided the equipment and installation. McBade Engineers assisted with the project design. Financing was provided by Government Capital Corporation, Southlake, Texas.
“Government Capital Corporation’s knowledge and expertise in Louisiana’s unique financing statutes benefited us greatly during the financing of this project,” commented Fred Arsement, Board President, Lafayette Parish Waterworks District South. “The team at Government Capital assisted us every step of the way so we could take advantage of this opportunity.”
“I want to congratulate Mr. Arsement and the Lafayette Parish Waterworks District South on this important infrastructure improvement project,” stated DC Greer, Senior Vice President, Government Capital Corporation. “Government Capital is proud to have partnered with the Lafayette Parish Waterworks District South on a project which will deliver tremendous benefits for many years.”
About the Lafayette Parish Waterworks District South
The Lafayette Parish Waterworks District South (LPWDS) began serving customers in the Judice community in 1982. The system has since grown to supply water to most of the southwestern area of Lafayette Parish. LPWDS once produced water from two deep water wells, but eventually closed its plant in 2006 and currently purchases all of its water from Lafayette Utilities System. Today, LPWDS serves over 4,500 customers and has over 100 miles of water lines.
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 $5 billion in Louisiana and across the country. Additionally, Government Capital Corporation serves as the administrator of the equipment lease financing program for the Louisiana Municipal Advisory and Technical Services Bureau (LAMATS). For more information, visit www.govcap.com
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