Travis County ESD No. 1 and No. 7 Jointly Expand Facilities and Equipment
JONESTOWN, TEXAS (December 5th, 2017) – Travis County Emergency Services Districts (ESD) Number 1 and 7 announced today the successful completion of a joint financing with Southlake, Texas based Government Capital Corporation for construction of multiple fire facilities and related equipment. The twenty-year, fixed rate structure eliminated all interest rate risk for the ESDs, an important consideration given the long-term risk of increasing interest rates.
Travis County ESD No. 1 has been in operation since the 1980’s and ESD No. 7 is a new district that was created by the overwhelming support of voters in November 2016. The community recognized the need for funding additional staff, new stations, ambulances and fire apparatus in order to reduce response times and respond to the growth in Northwest Travis County. The Board of Commissioners for both Travis County ESD No. 1 and Travis County ESD No.7 went to work in early 2017 to meet the mandate of the community.
With financing now in place, two new fire stations and a training facility have anticipated groundbreakings for early 2018 at two locations within the City of Lago Vista. The training tower and Station #103 will be located on the campus of Lago Vista High School, allowing the high school students to begin training their junior year to become an EMT, Firefighter or both. In addition, ESD No.7 is taking delivery on a new ambulance and fire truck within the next few weeks and ESD No.1 has also begun upgrading its equipment. To view photos of the ambulance, firestation plans, and other equipment, click here.
“Government Capital brought a tremendous amount of experience and expertise to the table,” stated ESD Administrator Donnie Norman. “There are unique financing needs for startup ESDs and Government Capital developed a financing structure which met the needs of the ESDs and will allow us to significantly improve the service to the community.”
About Travis County Emergency Services Districts No. 1 and No.7 Travis County Emergency Services Districts No. 1 and No. 7 are located in Jonestown, Texas, serving the North Lake Travis area of Travis County including the cities of Lago Vista, Jonestown, and The Village of Point Venture – approximately 178 square miles. For more information: tcesd1.org
About Government Capital Corporation Government Capital Corporation is a leading public finance firm providing professional financial services to Emergency Service 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: 800-883-1199, www.govcap.com