Thursday, May 31, 2018

What's a reimbursement resolution? Or, Copperas Cove has spent the $$ on the median design


 Take a good look at this, dear readers.

What is the above a picture of?

This is the information about a REIMBURSEMENT RESOLUTION from August 2017.

It has cost the city of Copperas Cove as much as $900,000 where the Business 190 median design is concerned.

Already.

Not will spend, might spend, let the people decide if it will be spent.

It's been spent.

In basic terms:

The city council said on August 8, 2017 that the city could spend the money with BSP - front the cost - and then PAY ITSELF BACK in June 2018 with the CERTIFICATE OF OBLIGATION BOND LOAN FUNDS.

Squawk all you want about spending the money on the loan, but the city has spent the money on whatever it has been invoiced by BSP Engineering so far.



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