The Tisbury select board adopted a formal agreement with the Martha’s Vineyard Museum this week to allow for fundraising and other events on the property overlooking Lagoon Pond.

A three-year memorandum of understanding signed by the board spells out procedures for event rentals on the property.

Private events unrelated to the museum, such as weddings, are already capped at 12 between May and October — a condition of approval by the Martha’s Vineyard Commission when it reviewed the new museum building as a development of regional impact. Under the agreement with the town approved this week, the museum will be allowed to hold any number of its own fundraising events.

No more than eight of the private events can take place in July and August, and no more than six can have amplified outdoor music, which must end by 10 p.m. Other party activity must end by 11 p.m.

Only museum members can rent the facility for private events, which must be permitted by the town.

The museum will pay the town $5,000 a year in lieu of taxes, under the terms of the memorandum.

David Grain, secretary of the museum board of directors, thanked town officials for approving the memorandum.

“The museum is in a very good position . . . this will firm us up some more,” Mr. Grain said.

In other business Tuesday, the select board granted a petition from Main street Vineyard Haven merchants to bring back designated parking for picking up orders.

“They like the reserved spaces for pick-up only,” said board chairman James Rogers. “It’s worked very well during Covid, and they want to continue the practice.”

More than half a dozen downtown parking spots were reserved for pick-ups last season.

Board members agreed to install a portable restroom at the town landing on Lagoon Pond in partnership with the Lagoon Pond Association, which has offered to build a wooden enclosure to screen the facility and contribute to maintenance

The association also made a $3,000 pledge, which the board accepted, to support a summer town employee’s pond-related work for the shellfish constable.

In a pair of public hearings, the board approved a planned move by the Vineyard Enterprises Budget Car Rental business from 45 Beach Road to 19 Beach Road and gave the green light to an AT&T cellular installation on Center street.

A third hearing ended with the board approving an Eversource request to run 50 feet of conduit under Main street to provide underground utility service to a customer at 849 Main.

The board held a joint session with the town school committee to review warrant article language for the upcoming special town meeting and election asking voters for permission to override Proposition 2 1/2 and borrow up to $55 million for the Tisbury School project.

The special town meeting is June 13, following the annual town meeting June 12, and the town election is June 22.

Friday is the deadline to finalize the annual town meeting warrant.