Government Capital Corporation

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

texas

Little Elm Texas adds Texas First Rentals

By

Little Elm Economic Development Corporation
Partners with Texas First Rentals

Little Elm Economic Development Corporation
Little Elm EDC in Little Elm Texas

Little Elm, Texas (August 22, 2017) – Little Elm Economic Development Corporation (EDC) announced the addition of Texas First Rentals to the Town of Little Elm. Texas First Rentals is the nationwide rental division of HOLT CAT (www.texasfirstrentals.com) and is anticipating an opening date of April, 2018.

The approximately 10,000 square foot building to be occupied by Texas First Rentals will include 3,000 square feet of sales offices and 7,000 square feet of service shop and retail space. The facility will be located on 10.3 acres east of Holt drive on U.S. Highway 380. Texas First Rentals’ partnership with Little Elm EDC will create 30 jobs and increase sales tax revenue for the city.

Government Capital Corporation based in Southlake, Texas, was chosen to finance the $3 million project. At the end of the 25 year financing term, ownership of the building will pass to Texas First Rentals.

Jennette Killingsworth-Espinosa, Executive Director of Little Elm EDC stated, “This project would not have been possible without the expertise and experience of our financing partner, Government Capital Corporation. We have completed multiple projects together and I highly recommend Government Capital Corporation to all Texas EDCs.”

“Congratulations to Mrs. Killingsworth-Espinosa and the team at Little Elm EDC for their foresight and ingenuity to create such a unique structure that provides a win-win for both Texas First Rentals and Little Elm for years to come,” said Kevin Lerner, Senior Vice President of Government Capital.

 About Little Elm Economic Development Corporation
Little Elm Economic Development Corporation is located in Little Elm, Texas, in Denton county and serves approximately 35,000 residents in the city with more shoreline than any other in North Texas. The EDC participates in four Tax Increment Reinvestment Zones for financing public improvements, as well as a Town Center Development branded as the Lakefront, offering new opportunities for retail and mixed use developers. For more information: www.littleelmedc.com

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Economic Development Corporations and all other local governmental entities.  Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: 800-883-1199, www.govcap.com

Italy ISD Launches Energy Conservation Project

By

Italy Independent School District Launches Energy Conservation Project

Italy ISD Logo
Italy Independent School District Launches Energy Conservation Project

Italy, Texas (Summer 2017) – Italy Independent School District announced the implementation of energy conservation measures for its campuses including state-of-the-art LED lighting. Government Capital Corporation was chosen as the financing partner for the $305,000 project.

The primary source of repayment for the Public Property Finance Act Contract used will be the energy savings from the new lighting. The projected savings will provide the school district additional positive cash flow for the duration of the contract and for many years beyond.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly.  Their customer care is excellent and they follow up regularly. I would recommend their services to any district with financing needs!” stated Natasha Blackburn, Director of Finance of Italy ISD.

“This energy conservation project will help Italy ISD save a great deal of money and we were able to use Qualified Zone Academy Bond (QZAB) tax-credit financing to save the district thousands more on interest costs. We are proud to partner with Italy ISD on a project that will positively impact all students and staff members in the district,” said Kevin Lerner, Senior Vice President of Government Capital.

About Italy Independent School District
Italy Independent School District is located in Italy, Texas, in south Ellis County. The district serves approximately 597 students at 2 campuses and as of May 2017, is implementing a plan to become a District of Innovation. For more information: www.ItalyISD.org

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 in Texas and across the country. For more information: www.govcap.com, 800-883-1199.

Willis Point ISD Implements Energy Conservation Project

By

Government Capital finances energy conservation project for Wills Point ISD

Energy project reduces operational costs for district

Southlake, Texas. (May 17, 2017) Government Capital Corporation, a leading provider of financing for Texas school districts, announced today the funding of a $2.8 million energy conservation project financing for Wills Point Independent School District. The structure utilized energy savings as the primary source of repayment and did not require a bond election.

“The mission of the school board includes providing safe and efficient facilities. We worked for many months to develop this project and are confident it will reduce our utility costs and improve the learning environment for our students.” stated Scott Caloss, Superintendent of Schools for Wills Point ISD. “Government Capital provided a competitive financing structure which saved the district thousands of dollars when compared to other alternatives.”

The financing structures utilized by Government Capital are authorized under state borrowing authorities for all public school districts and offer access to low, tax-exempt interest rates through Government Capital’s resources in the capital markets.

“I want to congratulate Wills Point ISD for being proactive in upgrading their facilities and maximizing their limited operational resources,” stated Ed King, Government Capital Corporation Senior Vice President. “Like most school districts in Texas, Wills Point ISD is continually being asked to do more with less. We at Government Capital are proud to have partnered with the district on a project which will deliver tremendous benefits to the district.”

 

About Government Capital Corporation
Government Capital Corporation is a leading Public Finance firm providing professional financing services to school districts and local governmental entities. Since its founding in 1992, the firm has successfully completed thousands of project financings. For more information, visit www.govcap.com

 

About Wills Point ISD
Wills Point Independent School District is located in the Northeast Texas and serves approximately 2,300 students. For more information go to www.wpisd.com

Desoto ISD Launches Energy Conservation Project

By

Desoto ISD Logo
Desoto Independent School District: Academic Excellence by Design

Texas Independent School District Launches Energy Conservation Project

Desoto, Texas (August 2017) – DeSoto Independent School District announced the implementation of an energy conservation project which will include retrofitting or replacing lights, heating, ventilation and air conditioning (HVAC) and controls. The $5 million undertaking was financed by Government Capital Corporation.

As a result, the energy savings from the new equipment and controls will provide the primary source of repayment for the Public Property Finance Act Contract. In addition, the anticipated savings will offset the debt service for the life of the contract.

Bobby Laborde, Chief Financial Officer of DeSoto ISD stated, “Government Capital’s process was straightforward. Securing the funds for this project could have been very complex. GCC made it simple and clear.” 

“Upgrades and improvement of educational facilities create comfortable places for students to learn and staff to teach. This project will positively impact every student in the district and we are proud to partner with DeSoto ISD to make it happen,” said Kevin Lerner, Senior Vice President of Government Capital.

About DeSoto Independent School District
DeSoto Independent School District located in DeSoto, Texas, covers most of DeSoto and the Dallas County portions of Glenn Heights and Ovilla. The district serves approximately 9,872 students at 13 campuses. The district also operates the only area high school that is part of the TCU Community Scholars program. For more information: www.desotoisd.org

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to school districts. Also, they provide other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: www.govcap.com, 800-883-1199.

New Fire Trucks in Natchitoches District No. 4

By

NATCHITOCHES FIRE PROTECTION DISTRICT NO. 4 ORDERS THREE NEW TRUCKS

Natchitoches Fire Department District 4
City of Natchitoches Fire Department

Provencal, Louisiana (August 2017) – The Natchitoches Parish Fire Protection District No. 4 announced the order of three 3000 gallon pumper/tanker trucks manufactured by Fouts Bros Fire Equipment of Smyrna, GA. The 2018 model year trucks replace three trucks with model years ranging from 1982 to 1986. The new apparatus will be placed in service early next year. The District selected a tax exempt lease purchase contract structured by Government Capital Corporation as the most cost effective option for financing the purchase.

 

“The 12 year term provided by Government Capital Corporation allowed us the budget flexibility to afford three badly needed trucks. Additionally, the financing structure permitted us to avoid the cost and delay associated with traditional debt financing,” stated James Dupree, Assistant Fire Chief for the District.

“The enhanced service reliability and functional capabilities of the new tankers should meet the needs of the District constituents for many years. We take great pride in being able to provide financings that enable first responders to serve their communities better,” stated D.C. Greer, Vice President of Government Capital Corporation.

About Natchitoches Fire Protection District No. 4
Created in 1982, Natchitoches Fire District No. 4 is located in the southwest corner of Natchitoches Parish, Louisiana. The service area encompasses a population of approximately 1,600 and a service coverage area of over 305 square miles. The District responds to an average of 90 calls annually and operates out of six stations serving the communities of Provencal, Flora, Vowells Mill, Bellwood, Kisatchie and the Central Loop area. Like them on Facebook! 

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Fire Protection Districts and all 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: (800) 883-1199, www.govcap.com.

Bexar Fire Station Financed by Government Capital

By

BEXAR COUNTY ESD NO. 11 FINANCES NEW FIRE STATION WITH GOVERNMENT CAPITAL CORPORATION

Emergency Service District No. 11 introduces Fire and Rescue Station No. 1

CONVERSE, TEXAS (July 2017) ‐ Bexar County Emergency Services District No. 11 announced today the approval and upcoming groundbreaking of their new of $3.2 million fire and rescue facility. The new station will be located at the northwest corner of Binz‐ Engleman Road and Texas Palm Drive.

With approximately 7,811 square feet to be developed on 2.161 acres, the building will include two bays for fire/emergency vehicles, a fully equipped living area, five rooms for fire and emergency personnel, offices, a conference room, and an area for all necessary emergency operations support items. The anticipated opening is Summer 2018.

“The financing structure provided by Government Capital Corporation allowed ESD 11 to save approximately $30,000 in closing costs as compared to a traditional real estate financing. It also eliminated the me and expenses associated with traditional real estate appraisal requirements and title policies,” stated John True, President of the Board of Directors for Bexar County ESD No. 11.

Gabriel Perez, President of Perez Project Consulting, Inc., provided consulting expertise throughout the development, planning and approval process for the City of San Antonio. Mr. Perez commented, “Our partnership with GCC was vital to our project’s success. Their experience allowed the project to proceed with great efficiency.”

About Kirby Fire Department District No. 11
Established May 2008, Bexar County ESD No. 11 contracts with the City of Kirby to provide firefighting and emergency response for northeast Bexar County, serving approximately 8,000 homes and businesses. Kirby Fire Department currently operates out of one station located at 5560 Ackerman Road. For more information: John True (210) 241‐4277 or Gabriel Perez (210) 683‐5222.

About Perez Project Consulting, Inc..
Perez Project Consulting, Inc. was established in April of 2007 to provide quality program and project management consulting services for capital improvement projects such as roads and bridges, utility expansions, athletic complexes, and facility development projects. For more information: (210) 683‐5222, gperez@ppcprojects.com.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Emergency Service Districts and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: (800) 883‐1199, www.govcap.com.

Contact:
Stephanie Cates, 817‐722‐0214, Stephanie.Cates@govcap.com;
Kevin Lerner, 817‐722‐0216, Kevin.Lerner@govcap.com