(Radio Iowa) – A judge has set a cash bond of two million-dollars for the man accused of killing an Algona police officer last week. 43-year-old Kyle Lou Ricke of Algona is accused of shooting Officer Kevin Cram to death early on Wednesday, September 13th as Cram was attempting to serve a warrant for Ricke’s arrest. Ricke made his initial appearance in Kossuth County District Court this (Thursday) afternoon and Judge Mark Laddusaw announced he’s seen enough evidence for the case to proceed.

Rickie has been charged with first degree murder and the judge explained the penalty is a sentence of life in prison.

Assistant Iowa Attorney General Scott Brown asked the judge to set a cash-only bond of five million dollars.

Judge Laddusaw settled on two million dollars and stipulated the full amount had to be paid in cash before Rickie could be released. A preliminary hearing in the case is scheduled for Friday, September 29th at 1 p-m in Kossuth County District Court. Ricke, who was arrested in Minnesota, is being held at the Kossuth County Jail in Algona.