Springtown, Texas (October 2018) – The Walnut Creek Special Utility District recently announced the upgrade of 4,800 water meters throughout the district. These new meters, provided by Smart Earth Technologies, will improve data gathering useful in handling customer inquiries and to monitor water system health performance. Government Capital Corporation was selected as the most cost effective option. Smart Earth Technologies cell based system worked best in this area because of terrain and remote areas. Studies have shown replacing old meters will increase revenue by accurate measurement of water loss. Other benefits include better data to use with customer complaints and allow customers to actually see their usage in near real time. Installation has begun and will continue through the end of 2018.
“The lease purchase solution provided by Government Capital allowed us to close our financing and get started on our project much more timely. Not having to wait for approval from TCEQ enabled us to start on time. Our financing partner, Government Capital Corporation, provided excellent service. Their customer care is second to none and they follow up regularly” stated Steve Harris, General Manager.
“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the District. It was my pleasure to work alongside Mr. Harris and his great team.” stated Stephanie Cates, Vice President, Government Capital. “I would like to congratulate Mr. Harris, and the Board for their hard work and foresight.”
About Walnut Creek Special Utility District
Walnut Creek Special Utility District, currently serving 7,500 customers, is the successor to the Walnut Creek Water Supply Corporation. The Corporation was originally organized in 1966 as a non-profit water supply corporation. Their purpose is to provide and furnish a safe, dependable water supply to rural areas of northern Parker and southern Wise Counties. For more information, visit walnutcreeksud.org
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to utility districts and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the nation. For more information, visit govcap.com.
