The Braselton Town Council has approved issuing $8.3 million in bonds to finance the construction of the town's civic center.
The project was approved earlier. The financing was approved at a called meeting of the council on Oct. 30.
Officials expect to close on the bond sales by the end of November.
Bond payments will begin in 2021 and go to 2039. The yearly payments will start at $335,000 and go up to $570,000 in the final year.
The civic center project will be the construction of a 33,664 sq. ft. facility that can house up to 2,246 people. It will have a ballroom, lobby, kitchen, courtyard and office space.
In 2016, the town financed a $8.4 million parking deck in part to support parking for the proposed civic center.
The project will bring the town's bond debt to $22 million. That does not include debt for revenue supported projects (water and sewer) or projects paid for by SPLOST funds.
Braselton does not levy a property tax and relies on sales taxes, license and permit fees, hotel taxes and court fines to support its general government activities.
In other action at its Oct. 30 meeting, the council:
• approved refinancing the existing water and sewer debt with new bonds.
• approved the extension of the delivery service agreement with Gwinnett County pending final negotiations.