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Northfield subcommittee recommends three-year tax stabilization for Masonic Temple apartments

Northfield Select Board Economic Development Subcommittee · February 24, 2025
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Summary

The Northfield Select Board economic development subcommittee recommended a 3-year tax stabilization agreement for the South Main Street (Masonic Temple) apartment conversion and asked the applicant to clarify affordable-unit and timing details before the Select Board acts.

The Northfield Select Board Economic Development Subcommittee recommended on Feb. 20, 2025, that the Select Board consider a three-year tax stabilization agreement for the South Main Street apartments at the Masonic Temple and asked the applicant for clarifying information about unit affordability and timing.

The committee said the town's existing policy should be made clearer about when a project has "begun construction" and what application materials are required. One committee member summarized the policy background: "He said the current policy is pretty clear. You can't board, can't approve an application, that's completed or or significantly started or even started." The committee cited voter authorization and Vermont statute as the legal framework for stabilization agreements.

Members debated whether the application requirement is strictly a completed form or whether a letter or initial filing can preserve eligibility. They discussed multiple possible timing triggers: approval of DRB or zoning permits, issuance of a building permit, or before any above-ground construction. One member proposed a practical compromise: allow an application to be filed and preserved while the town completes review, but require that approval be tied to defined construction thresholds. Another member said certificate-of-occupancy is too late as a trigger and favored "prior to construction" language with a clarified definition.

The committee reviewed a pending application to convert the Masonic Temple into 15 housing units (referred to in discussion as the South Main Street apartments). Members noted the application contained site plans, cost estimates and tax documentation but did not clearly show whether one-third of units would be reserved for low-income households (a guardrail for longer terms). Committee members agreed to email the applicant asking for clarification on the housing-unit mix and any missing details.

After discussing guardrails and the town's policy language, a member moved that the committee "recommend to the Select Board to enter into a 3-year tax stabilization agreement with Lucky Boardman for the South Main Street apartments at the Masonic Temple unless further information is provided to us where we might bump it to 5." The motion was seconded and passed by voice vote.

The committee instructed staff to send clarifying questions to the applicant and to place the application on the Select Board agenda with a recommendation for a three-year agreement unless the applicant provides information supporting a longer term.

The committee also discussed adding waiver language and clearer headers in the policy (for commercial versus residential projects) and placing the policy and application guidance on the town website so prospective developers can find eligibility rules earlier.

Next steps: staff will request missing details from the applicant and the committee's written recommendation will go to the Select Board for final action.