The Johns Creek Economic Development Corporation is a nonprofit organization and City Manager John Kachmar said they want to start their work sooner rather than later.
In the agreement, the city gave the corporation $25,000 to start up. $100,000 was set aside in the FY 2013 budget but Kachmar said in order to get a matching grant from Emory Johns Creek Hospital the organization requested a portion of the money early.
“This is a good faith effort on their part asking for an early contribution. That’s all this is,” Kachmar said. “Simply because they managed to get the early contribution from Emory so they could begin the process, so they could say to the contractors who are doing the work right now, ‘Begin.’”
A similar agreement will come before the council in a few weeks for the additional money set aside in the budget for FY 2013, which starts Oct. 1.
“We’re calling this an agreement, not a grant,” Kachmar said, “This is a contractual relationship with them acting on our behalf as the economic development entity for the city as well as for the private sector – it’s a public/private partnership.”
Kachmar also sits on the board for the new corporation, along with several other leaders in the city such as John Bemont, president of the Johns Creek Chamber of Commerce, and Craig McCoy, CEO of Emory Johns Creek Hospital.
At the city council meeting Monday, council voted to make some changes to the agreement to clarify some of the wording and agreed once those changes were made to have the mayor sign for the city.