Lexington, Oklahoma (January 23, 2017) – Lexington Independent School District No. 57 announced that LED lighting upgrades are currently being installed throughout its district facilities. Other school districts who have utilized the lighting for an extended period of time report that switching to LED lighting creates a positive effect on student behavior and reduces tension headaches of staff.
Lexington ISD chose the tax-exempt lease purchase offering by Government Capital Corporation (GCC) as the most cost-effective way to finance the project. This financing mechanism covered equipment, installation and ancillary costs associated with the upgrade. The energy savings from the new LED lighting will provide funds for the lease payments over the life of the contract.
Ronda Bass, Superintendent of Lexington Public Schools said, “It is great to take advantage of the savings that will be passed on to the students and tax payers by the new and improved lighting. Our financing partner, Government Capital Corporation, provided excellent service. Their customer care is excellent and they follow up regularly. I would recommend the solution provided by GCC to any district with financing needs.”
“This is a wonderful example of school administrators and school board members putting students first while being responsible with their resources. Not only will the district receive savings with the new LED lighting, but they are also providing their students & staff with the very latest in lighting technology,” stated Michelle Sanders, Government Capital Corporation Client Services Manager.
About Lexington Independent School District No. 57
Serving approximately 1,125 students, Lexington ISD is located in Cleveland County, at the center of Oklahoma. Innovative programs and student organizations available at Lexington provide students with enriching learning opportunities preparing them with life-long lessons and training, such as the Family, Careers and Community Leaders of America and the Mid-America Technology Center. For more information: www.lexington.k12.ok.us
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 successfully completed thousands of project financings across the country. For more information: 800-883-1199, www.govcap.com