A sit-down restaurant is in the works for the lobby of the historic Stone Bank building on Main Street in Vineyard Haven, developer Reid (Sam) Dunn told the Gazette this week.

In contrast with restaurateur Patrick Lyons’s 70-seat outdoor Mexican eatery, expected to open this spring on the Union street side of the Stone Bank property, Mr. Dunn said the Main Street establishment will have a more formal tone to match the elegant setting.

“It really is very special. It’s got a dome and these beautiful stained-glass clerestory windows,” he said.

The Tisbury select board Wednesday approved Mr. Dunn’s request for wastewater flow from an 85-seat restaurant, clearing the way for him to begin the Martha’s Vineyard Commission and town permitting processes.

“I think it’s the right thing in the right place,” Mr. Dunn told the select board, adding that the restaurant won’t be open for this summer’s season.

“It’ll probably be, if we’re very lucky, next fall,” he said.

In other business Wednesday, the select board agreed to conditionally renew the alcohol license for the Golden Bull Brazilian Steakhouse, which will no longer operate at its Five Corners location while its proprietors arrange for a new spot in Vineyard Haven.

If the owners do not apply for a transfer of the license to a suitable restaurant facility, with proof of a lease or other documentation, the renewal will expire at the end of April, according to the motion drafted by town attorney David Doneski and approved by the board.

Also Wednesday, the select board heard annual budget reports from town department heads and discussed warrant articles for the annual town meeting in May.

Building inspector Gregory Monka told the board he is looking to fund a part-time, seasonal administrator of short-term rental properties in the town.

“We’re missing a lot of them,” Mr. Monka said, telling the board that hundreds of short-term rentals in Tisbury have registered with the state, but only 72 have registered with the town, which charges an annual inspection fee.

“We’re leaving a lot of money on the table … 80 per cent of the short-term revenue,” he said, noting that safety is also a concern when rentals are not inspected.

Police chief Christopher Habekost is seeking $85,000 at town meeting to replace his department’s 17 Tasers, powerful but non-lethal weapons that stun with electric shocks.

“That is a valuable tool for law enforcement to be able to safely take someone into custody without having to use a firearm,” the chief said.

“The Tasers we have now are more than 10 years old. They have outlived their life expectancy [and] become essentially obsolete,” he told the select board.

Department of public works director Kirk Metell said his warrant articles include $25,000 to deep-clean the town hall annex on High Point Lane and $50,000 to deep-clean, disinfect and paint the town hall on Spring street, which currently has one office closed off due to mold.

The town finance and advisory committee is expected to review warrant articles at an upcoming meeting.

Editor's note: A previous version of this story incorrectly stated when the new Vineyard Haven Mexican restaurant is expected to open. Restauranteur Patrick Lyons hopes to open the restaurant this spring.