Johns Creek advances $40M parks bond issue

The Technology Park Linear Park would extend along Medlock Bridge Road from Johns Creek Parkway to East Johns Crossing in Johns Creek. It is one of several projects to be funded by a $40 million parks bond issue. CITY OF JOHNS CREEK

The Technology Park Linear Park would extend along Medlock Bridge Road from Johns Creek Parkway to East Johns Crossing in Johns Creek. It is one of several projects to be funded by a $40 million parks bond issue. CITY OF JOHNS CREEK

The Johns Creek City Council has taken the first step toward issuing $40 million in parks bonds approved by voters in November.

The Council recently adopted a resolution authorizing the city to move forward with items that will include, according to a staff report, obtaining a bond validation judgment from Fulton County Superior Court, securing a bond rating from rating agencies and completing a competitive bidding process.

After these preparations are finished, the Council would take up a supplemental resolution on approving the bond terms prior to the closing of the transaction.

The bonds are to pay for such items as a $16 million build-out of Cauley Creek Park, $6.25 million for a Technology Park Linear Park, $4 million for an indoor recreation center, $500,000 for a Rogers Bridge Trail across the Chattahoochee River, and eight other projects.

Construction is expected to begin this year, with all projects completed within five years.

Information: bit.ly/2bPOhkK