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Council authorizes $2025 certificates of obligation sale; RW Baird identified as winning bidder
Summary
The council adopted Ordinance No. 2025-21 authorizing the sale of combination tax and revenue certificates of obligation for 2025; staff and advisers reported a competitive market and a low bid with net interest cost of about 4.24 percent from R.W. Baird.
The Copperas Cove City Council on Aug. 5 adopted Ordinance No. 2025‑21 authorizing the issuance and sale of the City of Copperas Cove’s combination tax and revenue certificates of obligation, series 2025. The sale will finance equipment, facility improvements and construction included in the city’s capital plan.
Arianna Beckman, the city’s director of budget, said the certificates align repayment terms with asset life (seven years for equipment and vehicles; roughly 20 years for facilities and construction) and follow the city’s debt policy. She noted…
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