Bond set at $500,000 for Cody Powell, suspect in shooting of Loveland police officer

LOVELAND, Colo. - A judge set bond at $500,000 Wednesday for a 23-year-old man arrested in connection with the shooting of a Loveland police officer last weekend.

Cody Alan Powell surrendered to police in Fort Collins on Tuesday. He was arrested on charges of attempted first-degree murder of a peace officer and first-degree assault.

An arrest report from the police department indicates that Powell called the Fort Collins Police Department from a Walmart at 1250 Magnolia St. and offered to surrender. SWAT officers were sent to take him into custody.

At the time of his arrest, the report indicates Powell had two guns. 7NEWS has confirmed that Powell is prohibited from possessing guns, because he had previously been convicted of felony burglary.

During a Wednesday afternoon court hearing, Larimer County Magistrate Matthew Zehe set Powell's bond at $500,000 and said if the defendant is released from jail he must wear an electronic tracking anklet.

Powell appeared in court via a video monitor from a jail holding room. He was wearing a red jail uniform with his hands shackled to his waist and made no comment to the court.

Powell is accused of wounding 36-year-old officer Garret Osilka on Sunday during a traffic stop. Osilka was shot in the chest, and is in intensive care at a Loveland Hospital; his condition is slowly improving, police said Tuesday.

Police haven't said what role Powell is accused of having in the shooting or whether they are seeking other suspects.

This isn't Powell's first trouble with the law.

He was arrested in Loveland for burglary and theft in 2009, according to court records.

Powell pleaded guilty to felony burglary of a building and was initially granted probation and a two-year deferred judgment, which would have allowed him to clear his record if he stayed out of trouble, court records state.

But his probation was revoked in September 2011 and his felony conviction was entered by the court, said Linda Jensen, spokeswoman for the Larimer County District Attorney's Office. After he violated probation again in 2013, he was re-sentenced to 90 days in jail and 90 days probation, court records state.

In 2011, Powell was arrested for driving under the influence in Loveland, court records show. He pleaded guilty to the lesser offense of driving while ability impaired and was sentenced to 15 months of probation and fined $1,073.

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