Town Approves Housing Infrastructure Agreement with Summit
Town of MiddleburyCity · Middlebury, VT- Disclosed value
- Town incremental tax financial commitment not exceeding $4,000,000.00
- From minutes
- Approved
- Aug 11, 2026
The 30-second brief
The Middlebury Selectboard authorized the Town Manager to enter into an updated Housing Infrastructure Agreement with Summit Development for the Stonecrop Meadows project. The agreement includes a Town incremental tax financial commitment capped at $4 million over an anticipated 20-year CHIP/TIF debt service period, contingent on a third-party fiscal impact analysis.
Summit Development holds this contract with Town of Middlebury. Its other public contracts on record include work for City of Pine.
Term as filed: 20-year debt service period associated with CHIP/TIF financing.
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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 period associated with CHIP/TIF financing
- Vendor
- Summit Development
- Agency
- Town of Middlebury
- Source document
- Middlebury Selectboard Minutes 2026-08-11 (Minutes)
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 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 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.