Local News
Local News

Johns Creek OKs $24M financing for city hall purchase

Johns Creek will issue $24 million in certificates of participation to cover the $10 million purchase of its new city hall building at 11360 Lakefield Drive, and $14 million to expand and renovate it. CITY OF JOHNS CREEK
Johns Creek will issue $24 million in certificates of participation to cover the $10 million purchase of its new city hall building at 11360 Lakefield Drive, and $14 million to expand and renovate it. CITY OF JOHNS CREEK
By David Ibata
Sept 21, 2017

The Johns Creek City Council has approved lease-purchase agreement with the Georgia Municipal Association and financing in connection with its acquisition of a building at 11360 Lakefield Drive earlier this year for a new city hall.

The lease-purchase will be part of the municipal association’s Bricks and Mortar Financing Program.

The city intends to issue certificates of participation that would reimburse its general fund the $10 million spent to buy the building, as well as provide $14 million for the expansion and renovation of the property, according to a staff report to the council.

A private placement is planned through JPMorgan Chase Bank with a tentative interest rate of 2.58 percent.

About the Author

David Ibata
More Stories

The Latest

The woman, who was not publicly identified, died at a hospital after the medical emergency on the lake, officials said. (Courtesy of Georgia DNR)

Credit: Georgia DNR

Woman, 60, drowns in Lake Allatoona after medical emergency

18-year-old shot, killed at troubled SW Atlanta apartment complex

Teen arrested in 16-year-old’s fatal shooting outside Brookhaven McDonald’s

Featured

Senate Majority Leader John Thune, R-S.D. (center) is flanked by GOP whip Sen. John Barrasso, R-Wyo. (left) and Finance Committee Chairman Mike Crapo, R-Idaho, as Thune speak to reporters at the Capitol in Washington on Tuesday, July 1, 2025. Earlier Tuesday, the Senate passed the budget reconciliation package of President Donald Trump's signature bill of big tax breaks and spending cuts. (J. Scott Applewhite/AP)

Credit: AP

Senate GOP passes budget bill Democrats describe as ‘a catastrophe’

Republicans in the U.S. Senate have passed the “big, beautiful bill” championed by President Donald Trump, with Vice President JD Vance casting the tiebreaking vote.

State Farm Arena top 5 globally in box office — behind only Sphere, MSG in U.S.

State Farm Arena brought in about $76.2 million across 60 events.

At a store that never closes, an armed comedian keeps the midnight watch

At JJ Food Mart on the west side of Atlanta, an armed comedian keeps the midnight watch. If you misbehave, Connell Daniels Jr. might put you on Instagram.