Troup, TX (March 2024) – The City of Troup announces the completion of water well repairs to a 1,000-foot deep well that brings potable water to residents. Built in 1957, the well was due for routine servicing in August 2023 when the well suddenly failed, and it was discovered that the pump needed an emergency replacement. The pump replacement and installation were completed in November, and financing for the project was provided by Government Capital Corporation, Southlake, Texas.
“Having partnered with Government Capital for over two decades, the city has always appreciated Gov Cap’s willingness to assist on our projects,” stated Gene Cottle, City Manager, City of Troup. “Government Capital’s expertise in the market was evident due to the ease with which we were able to obtain financing for this project.”
“I want to congratulate Gene Cottle and the City of Troup on successfully completing this project,” commented Stephanie Cates, Senior Vice President, Government Capital Corporation. “We take great pride in assisting Texas cities in fulfilling their goals and objectives to best serve their communities.”
About the City of Troup
The City of Troup is located in East Texas and is home to over 2,000 residents. Located in both Smith County and Cherokee County, the city was initially known as Zavalla and renamed to Troup in 1872. To learn more about the City of Troup, visit trouptx.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 $6 billion in Texas and across the country. For more information, visit www.govcap.com.