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
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