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Selectboard authorizes non-binding Letter of Intent to explore CHIP funding for Parkside/O'Brien Brothers housing project
Summary
Milton authorized the Town Manager to sign a non-binding Letter of Intent with Parkside LLC/O'Brien Brothers Agency to evaluate potential participation in Vermont’s Community and Housing Infrastructure Program (CHIP) to support public infrastructure tied to a proposed residential development; execution does not obligate the town to fund or approve future agreements.
The Milton Selectboard on June 15 authorized the Town Manager to execute a non‑binding Letter of Intent (LOI) with Parkside LLC, an affiliate of O'Brien Brothers Agency, to explore participation in the Vermont Community and Housing Infrastructure Program (CHIP) for public infrastructure related to a proposed multifamily residential development.
Town Manager Chris Taylor explained the LOI would allow the parties to continue evaluating the feasibility of CHIP funding for infrastructure improvements — including roadways and utility corridors that the developer anticipates dedicating to the town — and does not commit Milton to incur debt, expend funds, or approve future agreements. The development discussed includes a proposed roadway connection between Lainey Avenue and Park Place identified in the town’s long‑range transportation planning.
The motion to authorize execution of the LOI passed unanimously. The resolution in the minutes stresses that any use of CHIP funds or entry into future agreements would be subject to all required approvals by the Selectboard and applicable regulatory authorities, including the Vermont Economic Progress Council.
Because the LOI is expressly non‑binding, the Selectboard’s action authorizes further evaluation and negotiation but does not constitute final approval of infrastructure funding or project permits.
