Copperas Cove approves notice to issue $34 million in certificates of obligation

The Copperas Cove City Council voted June 2 to approve resolution 2026-18, authorizing staff to publish a notice of intent to issue Combination Tax and Revenue Certificates of Obligation (Series 2026) with a maximum authorization of $34 million.

Ariana Beckman, the city’s director of budget, told the council the issuance is scheduled for Aug. 4 and that the first publication of the notice must occur at least 46 days before sale. Beckman provided a project funding breakdown and said roughly $21 million (about 61%) would support water and sewer projects tied to the previously approved utility rate study; $6.4 million (about 19%) would support tax‑supported items; $2.4 million (7%) would support solid waste; $1.7 million (5%) would support drainage; $2.1 million (6%) would support street maintenance; and about $184,000 (1%) would support the golf course.

Beckman and bond counsel materials on file with staff identify the resolution and the notice as the procedural first step required under the Local Government Code; the council’s approval directs staff to publish the notice, after which the sale process will continue. The director said the final award cannot exceed the $34 million authorization but may result in a smaller sale; councilmembers were told they will have a detailed discussion and can remove items from the financing list at a later meeting if needed.

Councilman Dale Treadway moved to approve the resolution and publication of the notice; Councilman John Hail seconded, and the motion carried by voice vote. Staff said the list of projects funded by the certificates has been discussed in previous workshops and will be discussed again at the council’s second June meeting prior to final sale documents.