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Middlebury Approves Summit Development Housing Agreement

Town of Middlebury logoTown of Middlebury
Disclosed value
Town incremental tax financial commitment not exceeding $4,000,000.00
From minutes
Approved
Aug 11, 2026
Term
20-year debt service framework
Renews
Free account

The 30-second brief

What it covers

Middlebury approved an updated Housing Infrastructure Agreement with Summit Development for the Stonecrop Meadows housing project. The agreement is subject to a third-party fiscal impact analysis and caps the Town’s incremental tax financial commitment at $4 million within a 20-year debt-service framework.

Who holds it

Summit Development holds this contract with Town of Middlebury. Its other public contracts on record include work for City of Pine.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Town of Middlebury contract.

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Contract details

Amount
Town incremental tax financial commitment not exceeding $4,000,000.00
Document date
August 11, 2026
Term
20-year debt service framework
Renews
Free account
Vendor
Summit Development
Agency
Town of Middlebury
Source document
Middlebury Selectboard Minutes Regular Meeting 2026-08-11 (Minutes)

Summit Development's other public contracts

Town of Middlebury, VermontMiddlebury Weighs $5M Housing Infrastructure Agreement · Aug 11, 2026Town of Middlebury, VermontTown Considers Infrastructure Agreement With Summit Development · Aug 11, 2026Town of Middlebury, VermontTown Approves Housing Infrastructure Agreement with Summit · Aug 11, 2026Town of Middlebury, VermontMiddlebury Weighs CHIP Deal With Summit Development · Jul 28, 2026UndisclosedCity of Pine, MinnesotaSenior Living Project Completed with Summit Development · Feb 25, 2026UndisclosedAll Summit Development contractsVendor profile

More Town of Middlebury contracts

Addison County Economic Development Corporation (Acedc)Middlebury Considers Funding for ACEDC Master Plan · Sep 19, 2026UndisclosedDevelopmental Disability Housing Initiative of Addison County (Ddhiac)DDHIAC Advances Stonecrop Meadows Housing Project · Sep 19, 2026UndisclosedCase Street Redi-mix IncCase Street Redi-Mix Recommended for Sidewalk Work · Sep 19, 2026$125.3KCHARLEBOISCharlebois Recommended for Class 8 Truck Chassis · Sep 19, 2026$183.4KNeagley & ChaseNeagley & Chase Recommended for Wastewater Upgrade · Sep 19, 2026$3.3MAll Town of Middlebury activityAgency profile

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 Town incremental tax financial commitment not exceeding $4,000,000.00.

How much is the Summit Development contract with Town of Middlebury worth?

The Summit Development contract with Town of Middlebury is valued at Town incremental tax financial commitment not exceeding $4,000,000.00.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Middlebury Selectboard Minutes Regular Meeting 2026-08-11 (Minutes), 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.

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