Middlebury Weighs CHIP Deal With Summit Development
Town of MiddleburyCity · Middlebury, VT- Document date
- Jul 28, 2026
The 30-second brief
The Middlebury Selectboard will consider approving an updated Housing Infrastructure Agreement with Summit Development for the Stonecrop Meadows project, leveraging CHIP tax increment financing to fund related infrastructure. The authorization would commit most future municipal and education property tax increment from the site for up to 20 years or until project debt is repaid, pending legal review and state approval.
Summit Development holds this construction contract with Town of Middlebury. Its other public contracts on record include work for City of Pine.
Term as filed: Up to 20 years, or until housing infrastructure debt is paid.
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Contract details
- Contract type
- Construction
- Document date
- July 28, 2026
- Term
- Up to 20 years, or until housing infrastructure debt is paid
- Vendor
- Summit Development
- Agency
- Town of Middlebury
- Source document
- Town of Middlebury Selectboard Meeting Agenda 2026-07-28 (Agenda)
Summit Development's other public contracts
More Town of Middlebury contracts
Questions about this contract
Who was awarded the construction contract by Town of Middlebury?
Summit Development was awarded this construction contract by Town of Middlebury, as recorded on July 28, 2026.
What type of contract is this?
This is a Construction contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Town of Middlebury Selectboard Meeting Agenda 2026-07-28 (Agenda), dated July 28, 2026 from Town of Middlebury. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Summit Development hold?
Summit Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is Town of Middlebury currently buying?
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