Chilmark voters have again rejected using town funds to restore the historic Tea Lane Farm House.

At a special town meeting on Monday night, former town treasurer Judy Jardin moved to indefinitely postpone an article asking for $550,000 to renovate the farmhouse, arguing it did not make economic sense.

“All of a sudden we’re being asked to spend money to renovate just the house that will only house one family and there’s still the barns which are in disrepair,” Ms. Jardin said. “It’s almost impossible to think a farmer will be able to pay the rent we’re going to charge for that house and be able to manage a farm, which comes with no equipment . . . they’ll have to start from scratch.”

The article was defeated 48 to 15.

This is the second time in the past year voters have put off a spending decision on Tea Lane Farm, which is jointly owned by the town and the Martha’s Vineyard Land Bank.

In other business Monday, voters were divided over whether the town should contribute $5,000 to a restoration study of Chilmark Pond, but after 45 minutes of debate the article was approved. The Chilmark Pond Association has committed matching funds to the study.