HomeMy WebLinkAbout2017-05-09DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of May 9, 2017
1. Settlers Landing — Wedding Ceremony Request
2. Various Beaches — Summer Fitness Classes Request
3. Monthly Transfer Report — April
4. "M" Exemption Release of Liens (see transfer business for record nos.)
5. Fiscal Year Transfer Statistics and Graphs — April 2017
6. Check Warrant Summary dated May 9, 2017
MUN i HAY TRANSFER STATISTICS FISCAL YEAR 2016
FY16
Total
Exempt
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jul -15
100
55
45
$76,650,262
$75,052,762
$1,512,844
Aug -15
100
57
43
$81,283,162
$78,833,162
$1,577,651
Sep -15
109
49
60
$100,449,002
$95,949,002
$1,925,880
Oct -15
138
54
84
$147,434,422
$139,134,422
$2,782,688
Nov -15
71
32
39
$75,870,039
$68,777,539
$1,375,551
Dec -15
108
55
53
$72,494,950
$70,983,375
$1,428,346
Jan -16
93
41
52
$98,369,206
$92,706,025
$1,862,120
Feb -16
59
32
27
$30,033,729
$27,523,729
$550,475
Mar -16
100
49
51
$78,894,324
$76,444,325
$1,537,553
Apr-16
68
34
34
$68,631,755
$63,457,378
$1,269,148
May -16
85
50
35
$69,498,627
$62,815,751
$1,256,315
Jun -16
103
51
52
$92,768,837
$89,962,837
$1,799,923
THRU APR 16
Average
946
95
458
47
488
48
$830,110,850
$82,698,193
$788,861,718
$78,470,026
$15,822,257
$1,573,208
Low
59
32
27
$30,033,729
$27,523,729
$550,475
High
138
57
84
$147,434,422
$139,134,422
$2,782,688
MONTHLY
TRANSFER STATISTICS FISCAL YEAR 2017
FY17
Total
Exempt
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jul -16
56
35
21
$46,842,402
$45,392,587
$907,852
Aug -16
83
.49
34
$79,447,023
$75,538,100
$1,511,230
Sep -16
105
48
57
$151,973,352
$148,099,352
$2,962,654
Oct -16
94
39
55
$111,176,086
$107,025,586
$2,148,512
Nov -16
101
50
51
$96,829,251
$94,119,251
$1,892,585
Dec -16
119
65
54
$78,318,551
$73,753,551
$1,483,738
Jan -17
91
48
43
$70,995,625
$64,626,277
$1,298,476
Feb -17
61
39
22
$37,927,950
$35,566,000
$711,320
Mar -17
88
49
39
$86,162,201
$83,510,901
$1,679,335
Apr-17
70
41 1
29
$55,766,249
$54,331,249
$1,086,625
—May-17
Jun -17
THRU APR 17
Average
868
87
463
46
405
41
$815,438,690
$81,543,869
$781,962,853
$78,196,285
$15,682,325
$1,568,233
Low
56
35
21
$37,927,950
$35,566,000
$711,320
High
119
65
57
$151,973,352
$148,099,352
$2,962,654
MONTHLY (UNAUDITED)
Land Bank Commission Page 3
May 9, 2017
Mr. Pollock departed the meeting at 4:41 p.m
4. APPROVAL OF MINUTES:
Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner
Reinhard, it was unanimously VOTED to accept, approve and release the regular session minutes of
April, 25 2017 as written.
5. TRANSFER BUSINESS:
a. April 2017 Transfers — Record Nos. 38378 through 38448: The Commission reviewed
transfers for the period of April 1, 2017 through April 30, 2017.
b. Current "M" Exemptions and Liens: The Commission authorized the placing of liens
against the following properties as a result of the purchasers claiming the "M" exemption as first -time
buyers of real property:
No. 38409 Joseph Ranstatler and Kelly Ranstatler
No. 38421 Georgi Dimov
6. FINANCIAL BUSINESS:
a. Monthly Transfer Statistics: Monthly transfer statistics reports comparing fiscal
years 2016 through April 2017 were presented to the Commission.
b. Warrant Authorization — Cash Disbursements: Upon a motion made and duly
seconded, it was unanimously VOTED to execute the May 9, 2017 warrant document in the amount
of $122,827.53 to be provided to the county treasurer.
c. Warrant Authorization — 2007 Series A Semi - Annual Bond Payment: Upon a
motion made and duly seconded, it was unanimously VOTED to execute the May 9, 2017, 2007
Series A Semi - Annual Bond Interest Payment warrant to be provided to the county treasurer in the
amount of $14,300.00.
d. Warrant Authorization — Refunding 2016 Semi - Annual Bond Payment: Upon a
motion made and duly seconded, it was unanimously VOTED to execute the May 9, 2017, 2016
Series A Semi - Annual Bond Interest Payment warrant to be provided to the county treasurer in the
amount of $124,430.83.
B. EXECUTIVE SESSION: Upon a motion made by Commissioner Glidden and duly seconded by
Commissioner Stackpole, it was unanimously VOTED to go into executive session in order to
discuss the purchase, exchange, lease or value of real property and review and approve executive
session minutes. A roll call vote was taken: Paterson - -Aye; Stackpole -Aye; Glidden -Aye; Jelleme-
MINUTES
Nantucket Land Bank Commission
Regular Meeting of May 9, 2017
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 p.m.
PRESENT: Richard Glidden, Kristina Jelleme, Neil Paterson, Allen Reinhard, John Stackpole.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Marian
Wilson, Assistant Administrator; Jeff Pollock, Property Foreman.
The Inquirer and Mirror staff writer, Peter Sutters and Partner of Nantucket Beach Dogs, Roger
Decker were also present at call to order.
A. CONVENE IN OPEN SESSION:
1. CITIZEN BUSINESS /ANNOUNCEMENTS: None.
2. REGULAR BUSINESS:
a. Miacomet Golf Course /Modular Dormitory Project— Execution of Contract: Ms.
Bell explained that the contract needed to be structured in phases to allow for a contingency
because the Land Bank still needed to secure the necessary environmental permits with the state for
this project. A proposal was made by the winning bidder, Triumph Modular, to break the bid into
two phases, with Phase I being Pre - Construction Services (local building code review and
permitting) for $75,000, and Phase II being the balance of the bid amount for construction. Phase II
would not begin until the Land Bank gives Triumph written authorization to proceed, based upon
receipt of the necessary permits. The contract had been drafted by the Land Bank Owner's Project
Manager and reviewed by Town counsel, and was now being reviewed by Triumph's counsel.
Since it was not ready for Commission signatures yet, in the interest of expedience, Ms. Bell
recommended that the Commission grant Mr. Savetsky authorization to execute the contract to
allow Triumph Modular to get started working on Phase I sooner rather than later. Upon a motion
made by Commissioner Stackpole and duly seconded by Commissioner Glidden, it was
unanimously VOTED to authorize Mr. Savetsky to execute the contract.
3. PROPERTY MANAGEMENT:
a. Mobile Vending Request — Nantucket Beach Dogs: Mr. Decker of Nantucket
Beach Dogs requested permission to sell hot dogs, chips and non - alcoholic beverages from his
mobile vending station at Cisco Beach for the 2017 summer season. Upon a motion made by
Commissioner Stackpole and duly seconded by Commissioner Paterson, it was unanimously
VOTED to approve the request, to allow "Nantucket Beach Dogs" to visit Cisco Beach seven days
a week for a maximum of two hours per day with the condition that a garbage receptacle is
provided and the properties are always left clean of any trash or debris that might be caused by