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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