Board of Mayor and Aldermen

Mailing Address: City of Franklin 109 3rd Ave S Franklin, TN 37064 (615) 791-3217 Meeting Agenda Work Session Monday, June 29, 2026 5:30 PM Williamson County Enrichment Center PUBLIC NOTICE of SPECIAL MEETING Notice is hereby given, a Special Work Session of the City of Franklin Board of Mayor and Alderman will be held on June 29, 2026. The Special Meeting will be held at 5:30 PM in the Williamson County Enrichment Center, 110 Everbright Ave, Franklin, TN 37064 for the following purpose: 1. Presentation and Discussion of the proposed development, “The Banks at Brownland” and potential partnership with Williamson County, the City of Franklin, and the Williamson County Sports Authority MEETING LOCATION Williamson County Enrichment Center 110 Everbright Ave CALL TO ORDER WORK SESSION DISCUSSION ITEMS 1. Presentation And Discussion Of The Proposed Development, “The Banks At Brownland” And Potential Partnership With Williamson County, The City Of Franklin, And The Williamson County Sports Authority CITIZEN COMMENTS Comments on agenda items may be made in person or by emailing recorder@franklintn.gov before noon on the day of the meeting. Comments will be submitted for the record. OTHER BUSINESS ADJOURN Anyone needing accommodations due to disabilities please contact the ADA Coordinator at 615-791-3277 at least 24 hours prior to the meeting. City of Franklin Page 1 Page 1 of 20 Creating community through wellness, connection, & recreation Page 2 of 20 Development Team The Team Jim Darter of BLVD Capital and Landon Gibbs of Altitude Real Estate have curated a team of experienced local talent to bring The Banks at Brownland to life. The development team includes architect Pfeffer Torode, Kimley Horn civil engineering, Brooks West of Franklin Bridge Golf Club, and David Atchison with The The Banks at Brownland Riverstone Group, development and leasing. 2026 Page 3 of 20 Project Overview Set between Downtown Franklin and Cool Springs, The Banks at Brownland is framed by the natural character of the Harpeth River Valley. A landscape long shaped by equestrian tradition, now evolving into a lifestyle destination with over 400,000 SF integrating wellness, dining, entertainment, and everyday gathering within a walkable framework. Athletic Uses • Ice facility The Banks at Brownland • 9-hole, 200 bay, golf practice facility • 11 total sports fields • Public pickleball courts Commercial Uses • Lifestyle Retail • Fitness • Medical Office/Use • Specialty Grocery • Dining Community Additions • Paved Greenway • Kayak/Canoe launch • Graceworks Facility 2026 Pfeffer Torode; Kimley-Horn and Associates Inc. Page 4 of 20 Design Inspiration The Vision Contemporary agrarian architecture shaped by industial heritage influence The Banks at Brownland 2026 Pfeffer Torode Page 5 of 20 Graceworks For years, GraceWorks has been seeking a new home that would allow the nonprofit to meet the growing needs of the community, but the rising land costs in Williamson County have made this difficult. The Banks at Brownland offers a The Banks at Brownland perfect solution. Donated Land BLVD Capital is under contract to purchase 18 acres from Christ Community Church, 6 of which will be donated to GraceWorks Site Prep As a part of the development, BLVD Capital will prepare the land for a construction-ready building pad and make further improvement for getting utilities to the site. A combined $3M+ investment in the non-profit 2026 906 Studio Page 6 of 20 Flood Map Revision The existing property has two floodways, one on the east one on the west. The west does not have a defined The Banks at Brownland channel. Existing Areas • Area of Banks at Brownland — 238.45 AC • Area of Floodplain — 200.41 AC • Area Above Floodplain — 38.04 AC 2026 Kimley Horn and Associates Inc. Page 7 of 20 Flood Map Revision The new plan combines the two floodways into one floodway on the east side, lowers the floodplain elevation, and sends the water under The Banks at Brownland Hillsboro Road instead of over the top of Hillsboro Road. Proposed Areas • Area of Banks at Brownland — 238.45 AC • Area of Floodplain — 181.03 AC • Area Above Floodplain — 57.42 AC • Difference — 19.38 AC 2026 Kimley Horn and Associates Inc. Page 8 of 20 Traffic Study Info Trafffic Study Requirements • Per The City of Franklin, these intersections were studied and counted during the school year in early December of 2025. The Banks at Brownland • Once finalized, the traffic study will be submitted to the City of Franklin, and to a third party reviewer • Once reviewed, the third party reviewer will make recommendations to the City, and the Developer will be required to make the improvements concurrently with the development and prior to the opening of the development. • This review will be done during the Development Plan submittal process which we plan to start in August, once the Master Plan is finalized. 2026 Kimley Horn and Associates Inc. Page 9 of 20  N A S H V I L L E P R E D AT O R S ford ice centers OVERVIEW OF FACILITY GROWTH, OPERATIONS, PROGRAMMING, AND COMMUNITY IMPACT NASHVILLE PREDATORS | FORD ICE CENTERS NASHVILLE PREDATORS | FORD ICE CENTERS Page 10 of 20  fAciLitY tiMeLine FORD ICE CENTER ANTIOCH SEPTEMBER 2014 FORD ICE CENTER BELLEVUE OCTOBER 2019 FORD ICE CENTER CLARKSVILLE JULY 2023 F&M BANK ARENA JULY 2023 CENTENNIAL SPORTSPLEX ICE RINKS MAY 2026 NASHVILLE PREDATORS | FORD ICE CENTERS NASHVILLE PREDATORS | FORD ICE CENTERS Page 11 of 20 oWnersHiP & oPerAtinG strUctUre ANTIOCH 20-year lease, Metro Nashville Sports Authority BELLEVUE 30-year lease, Sports Authority / Metro Parks CLARKSVILLE Management Agreement CENTENNIAL Lease with Metro Parks NASHVILLE PREDATORS | FORD ICE CENTERS NASHVILLE PREDATORS | FORD ICE CENTERS Page 12 of 20  ProGrAMMinG & coMMUnitY iMPAct Over 1 million visitors annually per facility Little Preds & Learn to Play Programs Tri-Star Hockey League Largest adult hockey program in the Southern U.S. Jr. Preds Travel Hockey GNASH High School Hockey Public Skating 30+ tournaments and camps annually NASHVILLE PREDATORS | FORD ICE CENTERS NASHVILLE PREDATORS | FORD ICE CENTERS Page 13 of 20  econoMic iMPAct & WiLLiAMson coUntY oPPortUnitY $1.1M SPENT ANNUALLY OUTSIDE SIGNIFICANT OPPORTUNITY WILLIAMSON COUNTY TO SERVE WILLIAMSON FOR ICE PROGRAMMING COUNTY FAMILIES $3.5M+ $7ooK+ 1.5M+ ANNUAL REVENUE ANNUAL FREE VISITORS ANNUALLY PER FACILITY PROGRAMMING/ PER FACILITY EQUIPMENT NASHVILLE PREDATORS | FORD ICE CENTERS NASHVILLE PREDATORS | FORD ICE CENTERS Page 14 of 20 Economic Impact One-Time Impact $218.9 M $344.6 M 955 $84.9 M $4.0 M CONSTRUCTION ONE-TIME JOBS WAGES LOCAL TAXES INVESTMENT IMPACT & FEES Annual Impact Benefit to Cost Ratio $555 M 2,811 $93.6 M The Banks at Brownland It is projected that for every $1 invested by the city/county, $7.44 of local direct & indirect tax revenue is generated over the 20-year peri- ANNUAL IMPACT JOBS WAGES $7.44 to $1.00 $18.9 M DIRECT & ATTRIBUTABLE DIRECT PROPERTY TAX SALES TAX REVENUE (AT FULL BUILDOUT) LOCAL TAXES $8,450,913 $961,601 City: $4,225,456 City: $137,951 $4.17 CITY OF FRANKLIN $4.13 WILLIAMSON COUNTY (SALES, PROPERTY, & OTHER) County: $4,225,456 County: $549,939 DIRECT & INDIRECT 9th SSD: N/A 9th SSD: $273,711 Ratio only uses the direct & attributable taxes to the city & county. Visitor Spending Impact - Annual Total 1.6 M 124,080 $301.1 M 1,468 $5.8 M $1.7 M PROJECTED PROJECTED IMPACT FROM JOBS SUPPORTED ATTRIBUTABLE HOTEL 2026 VISITOR DAYS HOTEL NIGHTS SPENDING BY SPENDING SALES TAX LODGING TAX Prepared by Younger Associates Page 15 of 20 Economic Impact Economic Impact Annual Impact from Operations - At Full Operation Local Direct & City, County, and 9th Economic Direct/Indirect Wages (Direct Indirect Sales Local Other/ Indirect Property Development Type Attributable Sales SSD Direct Property Total Local Taxes Impact Jobs & Indirect) Tax Hotel Taxes Tax Tax Tax Retail $197,891,266 1,000 $34,623,945 $2,601,128 $531,304 $112,105 $2,505,936 $961,601 $5,750,474 The Banks at Brownland Sports & Recreation $16,479,355 89 $2,811,401 $237,434 $43,141 $9,103 $223,282 $512,960 Ice Center $6,588,582 35 $1,069,007 $95,906 $16,468 $3,475 $88,948 $204,797 Included in Total Pickleball $24,653,400 116 $3,455,468 $371,250 $53,024 $11,188 $289,562 $725,025 Above Graceworks $7,182,400 69 $3,626,694 $99,000 $55,652 $11,742 $173,788 $340,182 Office $1,191,015 35 $2,075,064 N/A $31,842 $6,719 $87,116 $125,677 Visitor Spending $301,051,627 1,468 $45,914,394 $5,046,195 $704,556 $1,823,741 $3,680,054 N/A $11,254,547 Total $555,037,645 2,811 $93,575,972 $8,450,913 $1,435,987 $1,978,073 $7,048,688 $961,601 $18,913,662 Prepared by Younger Associates 2026 Page 16 of 20 Ice Facility Project Franklin Ice Facility Overview The Banks at Brownland aims to construct a much-needed state-of-the-art ice facility with two sheets of ice to serve the Williamson County community and support local sports programming, with the Nashville Predators serving as the long-term operator. The Banks at Brownland Key Deal Points • Land: Provided by BLVD Capital at no cost • Ice Facility Owner: Sports Authority of Williamson County • Project Cost: Approximately $45M • Bonds: Issued by Sports Authority • Annual Debt Service: $2.5-3.5M for 20 years • Split by the city and county • Repayment Source: Intergovernmental Agreement between the City of Franklin, Williamson County, and the Sports Authority 2026 Pfeffer Torode; Kimley-Horn and Associates Inc. Page 17 of 20 Ice Facility Project Operation of Facility Nashville Predators Proposal • The Nashville Predators will enter a long-term lease for operation of the facility, up to 30 years. • Predators are responsible for all operating expenses, day- The Banks at Brownland to-day management, program oversight, sales & marketing, and routine maintenance. • The Predators will contribute to an annual capital fund. Below is a proposed schedule of contributions: • Years 1-5: $150,000 • Years 6-10: $200,000 • Years 11-15: $225,000 • Years 16-20: $250,000 • Profits generated will be shared 75% to Williamson County and the City of Franklin and 25% to the Predators, after any prior-year losses have been fully recovered. • Sports Authority will retain responsibility for major capital items and replacement/damage insurance coverage. 2026 Pfeffer Torode Page 18 of 20 Ice Facility Project Summary of Responsibilities Party Responsibilities Sports Authority of Owns facility; issues bonds; manages repayment; oversees construction; responsible for Williamson County major capital items and insurance. Developer Provides land at no cost; constructs facility within pre agreed construction budget. The Banks at Brownland Nashville Predators Operates facility; handles all operating expenses and routine maintenance; makes (Affiliate) annual lease payments; enters profit sharing agreement. City & County Participate in intergovernmental repayment agreement. Next Steps • Finalize intergovernmental agreement outlining repayment sources and obligations. • Negotiate and execute development agreement between Developer and Sports Authority. • Establish lease and profit-sharing terms with the Nashville Predators. • Confirm oversight arrangements for construction and ongoing facility management. 2026 Page 19 of 20 Creating community through wellness, connection, & recreation Page 20 of 20