Town Considers Infrastructure Agreement With Summit Development
Town of MiddleburyCity · Middlebury, VT- Disclosed value
- Town incremental tax financial commitment not exceeding $2,100,000.00
- From agenda
- Document date
- Aug 11, 2026
- Renews
- Free account
The 30-second brief
The Town of Middlebury Selectboard is considering approval of an updated Housing Infrastructure Agreement with Summit Development for the Stonecrop Meadows project. The proposal would commit up to $2,100,000.00 in municipal tax increment over up to 20 years to support housing-related infrastructure, contingent on a third-party fiscal impact analysis and CHIP application approval.
Summit Development holds this contract with Town of Middlebury. Its other public contracts on record include work for City of Pine.
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 $2,100,000.00
- Document date
- August 11, 2026
- Term
- Up to 20 years, or until housing infrastructure project debt is paid
- Renews
- Free account
- 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 Town incremental tax financial commitment not exceeding $2,100,000.00.
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 $2,100,000.00.
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.