City approves completion contract for Echelon Lockwood Glen with Valor Contractors

The City of Franklin Capital Investment Committee on Jan. 22 approved a resolution authorizing execution of City of Franklin contract 20250481 with Valor Contractors LLC to complete the Echelon Lockwood Glen site-infrastructure work.

Staff (Speaker 2, addressed in discussion as Paul) said the developer failed to complete required improvements, the city called the bonds and conducted a competitive bid. “Valor Construction was a low bid at $84,791.52, and the total amount that we have, in the called bonds is a $121,000,” Speaker 2 said, adding there is a one-year warranty on the work and the staff requested a $20,000 contingency for unforeseen conditions.

Committee members asked what happens to any excess called-bond funds; Speaker 2 said he assumed leftover funds would be returned to the bondholder and clarified that the funds are not city money. An alderman thanked staff for coordinating with the homeowner association and asked about timing; staff estimated the contractor could begin within about two months and complete the work in roughly a month from start.

The committee voted to approve the resolution by roll call: Alderman Blanton and Alderman Potts voted yes and the chair also voted yes.

Next steps: staff will finalize the contract and coordinate a final walkthrough with the HOA before accepting work under the one-year warranty.