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Council sets parks bond millage at 0.25 mills; vote unanimous
Summary
Johns Creek council unanimously approved the parks bond millage at 0.25 mills to cover debt service on parks bonds; staff noted a small household impact and discussed prepayment considerations tied to bond covenants.
Council considered Ordinance 2025-07-23 to set the parks bond millage at 0.25 mills for debt service and approved the motion unanimously (7–0). "So all those in favor of the motion to set it at 0.25 per $1,000 in assessed value?" the mayor asked; the motion passed with no opposition.
Assistant City Manager Love said the parks bond millage funds annual debt service and noted the possibility of prepaying the bond subject to covenant restrictions and call provisions; the staff will review bond covenants to determine when prepayment penalties lapse and the feasibility of early payment.
