Middlebury Weighs $5M Housing Infrastructure Agreement
Town of MiddleburyCity · Middlebury, VT- Disclosed value
- Not exceeding $5,000,000.00 (incremental tax financial commitment)
- From agenda
- Document date
- Aug 11, 2026
The 30-second brief
Middlebury’s Selectboard will decide whether to approve an updated Housing Infrastructure Agreement with Summit Development tied to the Stonecrop Meadows housing project. The proposed CHIP-based arrangement would dedicate up to $5 million in future tax increment over as many as 20 years to fund project infrastructure.
Summit Development holds this 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 project debt is paid.
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Contract details
- Amount
- Not exceeding $5,000,000.00 (incremental tax financial commitment)
- Document date
- August 11, 2026
- Term
- Up to 20 years, or until housing infrastructure project debt is paid
- Vendor
- Summit Development
- Agency
- Town of Middlebury
- Source document
- Town of Middlebury Selectboard Meeting Agenda 2026-08-11 (Agenda)
Summit Development's other public contracts
More Town of Middlebury contracts
Questions about this contract
Who was awarded the government contract by Town of Middlebury?
Summit Development was awarded this government contract by Town of Middlebury, as recorded on August 11, 2026. The contract value is Not exceeding $5,000,000.00 (incremental tax financial commitment).
How much is the Summit Development contract with Town of Middlebury worth?
The Summit Development contract with Town of Middlebury is valued at Not exceeding $5,000,000.00 (incremental tax financial commitment).
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Town of Middlebury Selectboard Meeting Agenda 2026-08-11 (Agenda), dated August 11, 2026 from Town of Middlebury. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is Town of Middlebury currently buying?
Explore Town of Middlebury's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.