FRANKLIN, LA (November 28, 2017) – The City of Franklin announced today their successful funding of equipment additions for the City’s public works department. The new equipment will replace existing equipment that had been in service approximately 15 years.
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 process was straightforward, and a quick, easy, cost-effective method to finance much needed equipment. Government Capital Corporation made the process smooth. They walked me through each step of the process and responded quickly to our questions and needs so that the funding was completed in a timely manner,” stated Franklin Mayor Raymond Harris, Jr.
LaMATS Executive Director Cliff Palmer stated, “When any municipality is considering a lease-purchase of moveable equipment, our cooperative lease purchase program with Government Capital is a great option.”
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bout Franklin, Louisiana: Franklin is located along the Bayou Teche in St. Mary Parish. Founded in 1808 as Carlin’s Settlement and then named for Benjamin Franklin, Franklin became the parish seat in 1811. Sugar cane and lumber were the major exports, and the bayou was the conduit for steamboats carrying trade goods of the day. Lumber became the major industry with 11 saw mills operating by 1869. Main Street became the site of the town’s earliest development, and the business district expanded to include hotels, commercial establishments and antebellum homes. Today, Franklin is a modern town with a population of about 7,800. For more information: www.franklin-la.com
About Louisiana Municipal Advisory and Technical Services Bureau (LaMATS): The Louisiana Municipal Advisory and Technical Services Bureau (LaMATS) was established in 
1999 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: The Insurance Premium Tax Collection Program, The Occupational License Tax Program, Delinquent Property Tax Sale, Capital Outlay Consulting, etc. For more information: www.lamats.net
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, Marti Sauls, 800-883-1199, Direct 817-722-0227, Marti.Sauls@govcap.com
