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Council shifts several water, sewer and street projects after legal review of raw‑water financing
Summary
City staff told council legal counsel advised that Certificates of Obligation cannot as presented be used to purchase raw water; council agreed to reschedule projects and restore the Killeen Cove transmission relocation to the 2025 CO schedule while staff pursues alternative structuring and legal review.
Copperas Cove councilmembers approved staff recommendations Tuesday to revise the city’s long‑range debt schedule after bond counsel and outside attorneys flagged legal limits on using certain debt to purchase raw water.
Ariana Beckman, director of budget, began the discussion about proposed changes to the FY2025 capital‑outlay and debt plan and said the changes primarily affect water and sewer, solid waste and street maintenance projects. Beckman said the packet originally included a raw‑water purchase financed with certificates of obligation (COs), but legal counsel advised the city that ‘‘we cannot issue debt to purchase raw water’’ the way it was…
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