HomeMy WebLinkAbout2018-1-4AGENDA
Nantucket Land Bank Commission
Regular Meeting of January 9, 2018
Land Bank Conference Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 P.M.
A. CONVENE IN OPEN SESSION
PUBLIC COMMENT / STAFF ANNOUNCEMENTS
2. GOLF BUSINESS
a. Miacomet Golf Clubhouse and Dormitory — Updates
b. Temporary Facilities Procurement — Update
c. Clubhouse Planning Meeting Reminder
3. PROPERTY MANAGEMENT
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2816 JAN 24 AM 11: 2
4. APPROVAL OF MINUTES
a. Regular Meeting of December 12, 2017 and Special Meetings of December 20,
2017 and December 21, 2017
TRANSFER BUSINESS
a. Current "M" Exemptions
b. Current "O" Exemptions
c. "M" Exemptions Update — Release of Lien
6. FINANCIAL BUSINESS
a. Monthly Transfer Statistics
b. Monthly Financial Report
c. Warrant Authorization — Cash Disbursement
B. EXECUTIVE SESSION: The Executive Session is for Purpose 6 [G.L. c. 30A, 21(a)(6)J. The
particular transactions and parcels of real estate are not identified since disclosure of the
property information may have a detrimental impact on the Land Bank's negotiating position
with one or more third parties. The Commission will not reconvene in open session at the
conclusion of executive session.
1. Approval of Executive Session Minutes of November 28, 2017, December 12, 2017 and
December 21, 2017
2. Real Estate Acquisition
ADJOURNMENT
MINUTES
Nantucket Land Bank Commission
Regular Meeting of January 9, 2018
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 p.m.
PRESENT: Kristina Jelleme, Neil Paterson, Allen Reinhard.
ABSENT: Richard Glidden, John Stackpole.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan
Campese, Administrator/Finance Manager; Marian Wilson, Assistant Administrator.
I. CONVENE IN OPEN SESSION:
A. CITIZENS BUSINESS/ANNOUNCEMENTS: Ms. Bell reported that an agreement had
been executed with the Gerard B. Lambert Foundation which stipulated that grant funding in the
amount of $1,383,175 would be provided to the Land Bank for construction of its Easy Street Park,
in memory of Rachel L. "Bunny" Mellon. Ms. Bell reviewed the press release with the
Commission, and Chairman Paterson thanked Mr. Savetsky and Ms. Bell for their expertise and
diligence in writing the grant application. Mr. Savetsky also thanked Chairman Paterson for
facilitating and making staff aware of this incredible grant opportunity.
B. GOLF BUSINESS:
1. Miacomet Golf Course ("MGC") Clubhouse and Dormitory — Updates: Mr.
Savetsky noted that there still had been no response from the Executive Office of Energy and
Environmental Affairs and therefore the dormitory project continued to remain on hold. Mr. Costa
was looking into scaling back dining options in the temporary facilities to streamline operations
during the MGC clubhouse construction project.
2. Temporary Facilities Procurement — Update: Ms. Bell informed the Commission
that two proposals had been submitted in response to the RFP so far (prior to the January 10, 2018
deadline).
3. Clubhouse Planning Meeting Reminder: Ms. Bell reminded the Commission that
the next special meeting for golf clubhouse planning was scheduled for Tuesday, January 16, 2018
at 4:00 p.m. to discuss the progress, budget, timeline, and future golf programs as planning
continues on both the temporary facilities and the MGC clubhouse.
C. PROPERTY MANAGEMENT: Mr. Savetsky stated that the annual work plan meeting
with property management staff was scheduled for January 10, 2018 at 9:00 a.m.
Land Bank Commission Page 2
January 9, 2018
D. APPROVAL OF MINUTES: Upon a motion by made by Commissioner Jelleme and
duly seconded by Commissioner Reinhard, it was unanimously VOTED to accept, approve and
release the minutes of the regular meeting of December 12, 2017 and the special meetings of
December 20, 2017, and December 21, 2017, as written.
E. TRANSFER BUSINESS:
1. December 2017 Transfers — Record Nos. 39175 through 39303: The Commission
reviewed transfers for the period of December 1, 2017 through December 31, 2017.
a. 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. 39236 Debra Ann Crooks and Garrett E. Crooks
No. 39257 David Fleming
No. 39259 Robert L. and Kathryn K. Norton
b. Current "O" Exemptions and Liens: The Commission authorized the
placing of liens against the following properties as a result of the purchasers claiming the "O"
exemption as part of a deed restricted affordable housing program:
No. 39223 Thomas W. Pearson
No. 39228 Naomi J. Harnishfeger
No. 39229 Carrie A. Drayton
No. 39233 Raimondis Rascius and Ingrida Rascius
No. 39234 Diana Marie Kimball
No. 39241 Andrea G. Gayle
No. 39242 Douglas P. Smith
No. 39248 Hristo Fumadzhiev
No. 39250 Bryan L. Jennings and Jessica H. Jennings
No. 39266 Sunny Daily and Gregory Frank Malfatto
c. Five -Year Domicile and Ownership Compliance — Release of Lien:
Upon a motion made by Commissioner Reinhard and duly seconded by Commissioner Jelleme, it
was unanimously VOTED to execute and authorize the issuance of a Release of Lien for the
following transfer as a result of the purchaser fulfilling all of the requirements of Section 12,
subsection (-m-):
No. 12124 Michael M. DeHeart and Kathy J. DeHeart
F. FINANCIAL BUSINESS:
1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing
calendar years 2016 and 2017 and fiscal years 2017 and 2018 through December 2017 were
presented by Ms. Campese.
Land Bank Commission
January 9, 2018
Page 3
2. Monthly Financial Report: The Commission accepted the November 2017
financial report including the balance sheet and income statement previously provided by email.
3. Warrant Authorization — Cash Disbursements: Upon a motion made by
Commissioner Reinhard and duly seconded by Commissioner Jelleme, it was unanimously VOTED
to execute the January 9, 2018 warrant document in the amount of $201,832.57 to be provided to
the county treasurer.
II. EXECUTIVE SESSION: Upon a motion made by Commissioner Reinhard and duly seconded
by Commissioner Jelleme, it was unanimously VOTED to go into executive session in order to
discuss the purchase, exchange, lease or value of real property. A roll call vote was taken:
Reinhard -Aye, Paterson -Aye, Jelleme-Aye. The Chairman under Purpose 6 [G.L. c. 30A, 21(a)(6)]
declared that discussion of these matters in op e session may be detrimental to the Land Bank's
negotiating position and that the Commwould reconvene in regular session following
executive session.
III. RECONVENE IN OPEN SES ON:
ADJOURNMENT: Upon a otion made by Commissioner Reinhard and duly seconded by
Commissioner Jelleme, it was OTED to adjourn at 5:55 p.m.
Attested to:
Richard J. Glidden, Secretary
Accepted, Approved, and Released by the VOTE
of the/Commission this 23`d day of January, 2018.
Vic
MONTHLY TRANSFER STATISTICS CALENDAR 2016
AL16
Total
Exempt
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
an -16
93
41
52
$98,369,206
$92,706,025
$1,862,120
eb-16
59
32
27
$30,033,729
$27,523,729
$550,475
Mar -1 6
100
49
51
$78,894,324
$76,444,325
$1,537,553
r-16
68
34
34
$68,631,755
$63,457,378
$1,269,148
a -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
ul-16
56
35
21
$46,842,402
$45,392,587
$907,852
Aug -1 6
83
48
35
$79,447,023
$75,538,100
$1,511,230
e -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 -116
101
50
51
$96,829,251
$94,119,251
$1,892,585
Dec -1 6
119
65 1
54
$77,153,639
$72,588,639
$1,483,738
T TAL 2016
vera a
1066
89
542
45
524
44
$1,001,618,231
$83,468,186
$955,673,559
$79,639,463
$19,182,104
$1,598,509
Low
56
32
21
$30,033,729
$27,523,729
$550,475
High
119
65
57
$151,973,352
$148,099,352
$2,962,654
MONTHLY TRANSFER STATISTICS CALENDAR 2017
AL17
Total
Exem t
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jan -17
91
48
43
$70,995,625
$64,626,277
$1,298,476
Feb -117
61
39
22
$37,927,950
$35,566,000
$711,320
ar-17
88
49
39
$86,162,201
$83,510,901
$1,679,335
pr -17
70
41
29
$55,766,249
$54,331,249
$1,086,625
May -17
82
47
35
$61,049,314
$57,758,014
$1,155,160
un -17
112
54
58
$101,008,106
$96,807,856
$1,947,324
Jul -17
99
56
43
$86,775,289
$80,305,289
$1,614,906
Aug -17
85
37
48
$100,460,304
$97,245,700
$1,945,861
e -17
123
52
71
$184,607,562
$173,607,562
$3,621,855
ct-17
123
50
73
$138,788,773
$133,265,544
$2,674,111
ov-17
95
39
56
$89,552,632
$86,004,631
$1,732,892
1 128
---Dec-17
62
66
$103,053,291
$95,933,389
$1,920,134
T TAL 2017
vera a
1157
96
574
48
583
49
$1,116,147,296
$93,012,275
$1,058,962,413
$88,246,868
$21,387,998
$1,782,333
Low
61
37
22
$37,927,950
$35,566,000
$711,320
High
128
62
73
$184,607,562
$173,607,562
$3,621,855
MONTHLY (UNAUDITED)
MONTHLY TRANSFER STATISTICS FISCAL YEAR 2017
Total
Exempt
Taxable
Total Gross
Gross
Revenue
IF
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jul -16
#-16
56
83
105
94
101
119
35
49
48
39
50
65
21
34
57
55
51
54
$46,842,402
$79,447,023
$151,973,352
$111,176,086
$96,829,251
$78,318,551
$45,392,587
$75,538,100
$148,099,352
$107,025,586
$94,119,251
$73,753,551
$907,852
$1,511,230
$2,962,654
$2,148,512
$1,892,585
$1,483,738
a -17
Jun -17
91
61
88
70
82
112
48
39
49
41
47
54
43
22
39
29
35
58
$70,995,625
$37,927,950
$86,162,201
$55,766,249
$61,049,314
$101,008,106
$64,626,277
$35,566,000
$83,510,901
$54,331,249
$57,758,014
$96,807,856
$1,298,476
$711,320
$1,679,335
$1,086,625
$1,155,160
$1,947,324
I
T1 RU DEC16
verage
Low
558
89
56
286
47
35
272
42
21
$564,586,664
$81,458,009
$37,927,950
$543,928,426
$78,044,0601
$35,566,000
$10,906,570
$1,565,401
$711,320
Hi h
119
65
58
$151,973,352
$148,099,3521
$2,962,654
MONTHLY TRANSFER STATISTICS FISCAL YEAR 2018
FY18Total
Month
Transfers
Exempt
Transfers
Taxable
Transfers
Total Gross
Value
Gross
Value Taxable
Revenue
Received
Jul -17
—Aug -17
Sep -1 7
Oct -17
99
85
123
123
95
128
56
37
52
50
39
62
43
48
71
73
56
66
$86,775,289
$100,460,304
$184,607,562
$138,788,773
$89,552,632
$103,053,291
$80,305,289
$97,245,700
$173,607,562
$133,265,544
$86,004,631
$95,933,389
$1,614,906
$1,945,861
$3,621,855
$2,674,111
$1,732,892
$1,920,134
tov-1.7
Ma -8
Jun -18
T RU DEC 17
Average
Low85
High
653
109
128
296
49
37
62
357
60
43
73
$703,237,851
$117,206,309
$86,775,289
$184,607,562
$666,362,116
$111,060,353
$80,305,289
$173,607,562;
$13,509,759
$2,251,626
$1,614,906
$3,621,855
MONTHLY (UNAUDITED)
DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of January 9, 2018
1. Monthly Transfer Report — December 2017
2. "M" Exemptions and Notice of Liens (see transfer business for record nos.)
3. "O" Exemptions and Notice of Liens (see transfer business for record nos.)
4. "M" Exemption Release of Liens (see transfer business for record nos.)
5. Land Bank Financial Statements — December 2017
6. Calendar and Fiscal Year Transfer Statistics and Graphs — December 2017
7. Check Warrant Summary dated January 9, 2018
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of January 9, 2018
1. December 2017 Transfers —Record Nos. 39175 through 39303
a. Current "M" Exemptions and Liens:
No. 39236 Debra Ann Crooks and Garrett E. Crooks
No. 39257 David Fleming
No. 39259 Robert L. and Kathryn K. Norton
b. Five -Year Domicile and Ownership Compliance — Release of Lien:
No. 12124 Michael M. Deheart.and Kathy J. DeHeart
c. Current "O" Exemptions and Liens:
No. 39223 Thomas W. Pearson
No. 39228 Naomi J. Harnishfeger
No. 39229 Carrie A. Drayton
No. 39233 Raimondis Rascius and Ingrida Rascius
No. 39234 Diana Marie Kimball
No. 39241 Andrea G. Gayle
No. 39242 Douglas P. Smith
No. 39248 Hristo Furnadzhiev
No. 39250 Bryan L. Jennings and Jessica H. Jennings
No. 39266 Sunny Daily and Gregory Frank Malfatto