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AIG FRANKLIN deposits $8M escrow for project sureties

City of Franklin logoCity of Franklin
Disclosed value
$8,000,000
From meeting minutes
Document date
Jun 10, 2025

The 30-second brief

What it covers

AIG FRANKLIN, LLC, developer of The Margin District, voluntarily placed $8 million in an escrow account to cover potential excavation issues during the construction of subsurface parking. The funds are available to the city if the developer fails to resolve problems arising from grading, excavation, or site infrastructure development.

Who holds it

Aig Franklin holds this escrow contract with City of Franklin. Its other public contracts on record include work for Town of Franklin.

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Contract details

Contract type
Escrow
Amount
$8,000,000
Document date
June 10, 2025
Term
NA
Vendor
Aig Franklin
Agency
City of Franklin
Source document
city-of-franklin-meeting-minutes-2025-06-10_bb6.pdf (Meeting Minutes)

Aig Franklin's other public contracts

Town of Franklin, AlabamaAIG FRANKLIN Approved for Project Performance Sureties · Jun 10, 2025UndisclosedCity of Franklin, TennesseeAIG Franklin deposits $8M for project security · Jun 10, 2025$8MCity of Franklin, TennesseeAIG Franklin gains escrow for Margin District Sureties · Jun 10, 2025UndisclosedTown of Franklin, AlabamaAIG FRANKLIN, LLC escrow agreement approved · Jun 10, 2025UndisclosedTown of Franklin, AlabamaAIG FRANKLIN contracted for escrow agreement · Jun 10, 2025UndisclosedAll Aig Franklin contractsVendor profile

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Questions about this contract

Who was awarded the escrow contract by City of Franklin?

Aig Franklin was awarded this escrow contract by City of Franklin, as recorded on June 10, 2025. The contract value is $8,000,000.

How much is the Aig Franklin contract with City of Franklin worth?

The Aig Franklin contract with City of Franklin is valued at $8,000,000, covering escrow work.

What type of contract is this?

This is a Escrow contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-franklin-meeting-minutes-2025-06-10_bb6.pdf (Meeting Minutes), dated June 10, 2025 from City of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Aig Franklin hold?

Aig Franklin may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Franklin currently buying?

Explore City of Franklin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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