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Home My WebLink About2019-1-8AGENDA Nantucket Land Bank Commission Regular Meeting of January 8, 2019 Land Bank Conference Room, 22 Broad Street Nantucket, Massachusetts �k CALL TO ORDER: 4:00 P.M. A. CONVENE IN OPEN SESSION � c 1. PUBLIC HEARING — Second Amendment to July 13, 2012 Land Bank Rules and . Regulations t do 2. PUBLIC COMMENT / STAFF ANNOUNCEMENTS 3. GOLF BUSINESS a. Miacomet Golf Clubhouse Replacement — Project Update b. Miacomet Golf Clubhouse Replacement Construction — Authorization for Executive Director to Approve Change Orders Up to $15,000 c. Warrant Authorization — General Contractor Requisition 4. PROPERTY MANAGEMENT a. Sustainable Nantucket/Mt. Vernon Farm — License Amendment 5. APPROVAL OF MINUTES a. Regular Meeting of December 11, 2018 6. TRANSFER BUSINESS a. Current "M" Exemptions b. Current "O" Exemptions c. "M" Exemptions Update — Release of Liens 7. 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 2. Real Estate Acquisition ADJOURNMENT 00 MINUTES X N Nantucket Land Bank Commission ` Regular Meeting of January 8 2019 .} Land Bank Meeting Room, 22 Broad Street . Nantucket, Massachusetts C - CALL TO ORDER: 4:00 p.m. N PRESENT: Kristina Jelleme, Neil Paterson, Allen Reinhard, John Stackpole, Richard Glidden STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan Campese, Administrator/Finance Manager; Marian Wilson, Assistant Administrator. Inquirer and Mirror Reporter, Brian Bushard was also present at call to order. I. CONVENE IN OPEN SESSION: A. PUBLIC HEARING: 1. Proposed Second Amendment to July 13, 2012 Land Bank Rules and Regulations: Pursuant to Section 4.6(15) of the Land Bank Act, the Commission held a public hearing for the purpose of receiving comment on proposed technical amendments to the Nantucket Land Bank Commission's Rules and Regulations. Chairman Paterson opened the hearing; no members of the public were present. Ms. Campese updated the Commission on the proposed amendment to Rules and Regulations for the "M" (first-time homebuyer's) exemption that would allow the subdivision and sale of a portion of the property without jeopardizing the "M" exemption so long as the property being sold qualified for the "O" exemption. There being no further comments or discussion, upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Reinhard, it was unanimously VOTED to close the hearing. Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Reinhard, it was unanimously VOTED to adopt the following resolution: WHEREAS, pursuant to notice published in the Inquirer & Mirror on December 13, 2018 (copy attached to these minutes), on January 8, 2019, this Commission held a public hearing to receive public comment on revised regulations adding Section 4.16(15) providing criteria to allow partial release of an M Exemption lien when the original parcel is divided to create an O Exemption unit (available as affordable housing), which amendment comprises a second amendment to the Rules and Regulations as amended effective July 13, 2012, and previously amended June 2, 2107. NOW, THEREFORE, be it resolved that the attached provision be added to the Rules and Regulations as Section 4.16(15), which was reviewed by the Commission at its January 8, 2019, Land Bank Commission January 8, 2019 Page 2 meeting and public hearing, be and hereby is adopted as presented, to take effect January 18, 2019. RESOLVED FURTHER, that the Land Bank staff is instructed to arrange for publication of the notice of the Second Amendment of the July 13, 2012, Rules and Regulations in the Inquirer & Mirror in advance of said effective date, and to take all other procedural steps required. B. CITIZENS BUSINESS/ANNOUNCEMENTS: None. Architectural Consulting Group ("ACG'), Owners Project Manager, Donald Velozo entered the meeting via video conference at 4:04 p.m. C. GOLF BUSINESS: 1. Miacomet Golf Course ("MGC") Clubhouse Replacement — Project Update: Mr. Velozo informed the Commission that the building permit had been issued on December 27, 2018. Mr. Savetsky authorized a modification to the Dellbrook/JKS contract to begin on that date. Additionally, Mr. Velozo recommended a future change order to have Dellbrook/JKS vent the kitchen equipment rather than the allowing the kitchen installer to alter the building. As of today, Dellbrook/JKS had mobilized with heavy equipment, and a trailer and temporary electrical service had been established on site. The site survey is in progress, and the foundation was expected to be poured next week. After a brief update, Mr. Velozo noted that the budget for furniture, fixtures and equipment was inadequate and may need to be increased after a thorough review of the bids which are due on January 10, 2019. Further, Dellbrook/JKS submitted a project schedule with a substantial completion date of September 23, 2019. Additionally, the Commission agreed that conduits should be installed in the basement of the new building to allow for a generator if needed in the future. 2. Miacomet Golf Clubhouse Replacement Construction — Authorization for Executive Director to approve Change Orders up to $15,000: Mr. Velozo recommended that in order to keep the project going in a timely manner that Mr. Savetsky be authorized to approve change orders of up to $15,000. After some discussion, upon a motion made by Commissioner Reinhard and duly seconded by Commissioner Stackpole, it was unanimously VOTED to authorize Mr. Savetsky to approve changes not to exceed $25,000 as needed and to regularly update the Commission on such approvals. Mr. Velozo exited the meeting at 4:10 p. m. 3. Warrant Authorization — General Contractor Requisition: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to execute the January 8, 2019, warrant document in the amount of $82,884.00 to be provided to the county treasurer. D. PROPERTY MANAGEMENT: Sustainable Nantucket/Mt. Vernon Farm — License Amendment: Ms. Bell presented a License Amendment reflecting the Commission's prior vote to allow caterpillar tunnels and a pavilion to be constructed within Sustainable Nantucket's use area at Mount Vernon Farm. Upon a motion made by Commissioner Reinhard and duly seconded by Land Bank Commission Page 3 January 8, 2019 Commissioner Stackpole, it was unanimously VOTED to execute the license amendment. E. APPROVAL OF MINUTES: Upon a motion by made by Commissioner Stackpole and duly seconded by Commissioner Glidden, it was unanimously VOTED to accept, approve and release the minutes of the regular meeting of December 11, 2018, as written. F. TRANSFER BUSINESS: 1. December 2018 Transfers — Record Nos. 40271 through 40365: The Commission reviewed transfers for the period of December 1, 2018 through December 31, 2018. 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. 40285 Romelys M. Vasquez and Ronald O. Vasquez No. 40346 Rita Nakarmi and Preetam M. Dangol No. 40359 Beth Berry and Kristina Battisti b. Current "O" Exemption and Lien: The Commission authorized the placing of a lien against the following property as a result of the purchaser claiming the "O" exemption as part of a deed -restricted affordable housing program: No. 40322 Snezhana Ivanova c. Five -Year Domicile and Ownership Compliance — Release of Liens: Upon a motion made by Commissioner Reinhard and duly seconded by Commissioner Jelleme, it was unanimously VOTED to execute and authorize the issuance of Releases of Lien for the following transfers as a result of the purchasers fulfilling the requirements of Section 12, subsection (-m-): No. 34756 Renee M. Barrett and Scott R. Barrett No. 34768 Leonie White and Sanique Levy No. 34789 Sarah Maneikis No. 34791 PAC Realty Trust, Eric Schurm, Trustee No. 34795 Michael J. Gault and Darya M. Afshari G. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing calendar years 2017 and 2018 and fiscal years 2018 and 2019 through December 2018 were presented were presented to the Commission. 2. Monthly Financial Report: The Commission accepted the November 2018 financial report including the balance sheet and income statement previously provided by email. Land Bank Commission January 8, 2019 Page 4 3. Warrant Authorization - Cash Disbursements: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to execute the January 8, 2019 warrant document in the amount of $227,566.14 to be provided to the county treasurer. Mr. Bushard departed the meeting at 4:32 pm. Il. 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 and approve executive session minutes. A roll call vote was taken: Reinhard -Aye, Paterson -Aye, Jelleme-Aye, Stackpole-Aye, Glidden -Aye. The Chairman under Purpose 6 [G.L. c. 30A, 21(a)(6)] declared that discussion of these matters in open session may be detrimental to the Land Bank's negotiating position and that the Commission would not reconvene in regular session following executive session. ADJOURNMENT: Upon a motion made by Commissioner Jelleme and duly seconded by Commissioner Reinhard, it was VOTED to adjourn at 5:32 p.m. Attested to: I - , - 2G -v LU B. Reinhard, Vice Chairman Accepted, Approved, and Released by the VOTE of the Commission this 22nd day of January, 2019. Neil Paterson, Chairman MONTHLY TRANSFER STATISTICS CALENDAR 2017 CAL17 Total Exempt 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 -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 29 $55,766,249 $54,331,249 $1,086,625 May -1 7 82 47 35 $61,049,314 $57,758,014 $1,155,160 Jun -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 -1 7 85 37 48 $100,460,304 $97,245,700 $1,945,861 Sep -17 123 52 71 $184,607,562 $173,607,562 $3,621,855 Oct -17 123 50 73 $138,788,773 $133,265,544 $2,674,111 Nov -17 95 39 56 $89,552,632 $86,004,631 $1,732,892 Dec -17 128 62 66 $103,053,291 $95,933,389 $1,920,134 TOTAL17 Average 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 TRANSFER STATISTICS CALENDAR 2018 CAL18 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jan -18 86 38 48 $109,100,331 $102,654,331 $2,053,887 Feb -18 93 52 41 $110,702,982 $105,899,307 $2,118,786 Mar -18 84 39 45 $86,699,505 $80,439,505 $1,609,457 Apr -18 72 41 31 $63,371,268 $62,871,268 $1,259,025 May -1 8 90 52 38 $68,681,278 $66,624,278 $1,337,840 Jun -18 70 39 31 $72,347,585 $68,338,985 $1,210,166 Jul -18 80 50 30 $80,896,878 $78,396,878 $1,567,938 Aug -18 77 45 32 $48,618,521 $46,802,521 $946,902 Sep -18 84 26 58 $119,633,412 $118,343,412 $2,371,535 Oct -18 101 35 66 $212,485,401 $207,882,401 $4,167,648 Nov -18 119 48 71 $158,226,115 $153,331,115 $3,085,622 Dec -18 94 51 43 $93,258,434 $89,800,934 $1,796,019 TOTAL 18 Average 1050 88 516 43 534 45 $1,224,021,709 $102,001,809 $1,181,384,935 $98,448,745 $23,524,825 $1,960,402 Low 70 26 30 $48,618,521 $46,802,521 $946,902 High 119 52 71 $212,485,401 $207,882,401 $4,167,648 MONTHLY (UNAUDITED) MONTILY e . �.� RANSFERS'� °TIST#CSF1SGq A. Rip FY18 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received 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 Sep-17 123 52 71 $184,607,562 $173,607,562 $3,621,855 Oct-17 123 50 73 $138,788,773 $133,265,544 $2,674,111 Nov-17 95 39 56 $89,552,632 $86,004,631 $1,732,892 Dec-17 128 62 66 $103,053,291 $95,933,3891 $1,920,134 Jan-18 86 38 48 $109,100,331 $102,654,331 $2,053,887 Feb-18 93 52 41 $110,702,982 $105,899,307 $2,118,786 Mar-18 84 39 45 $86,699,505 $80,439,505 $1,609,457 Apr-18 72 41 31 $63,371,268 $62,871,268 $1,259,025 May-18 90 52 38 $68,681,278 $66,624,278 $1,337,840 Jun-18 70 39 31 $72,347,585 $68,338,985 $1,210,166 THRU DEC 17 Average 653 96 296 46 357 49 $703,237,851 $101,178,400 $666,362,116 $96,099,149 $13,509,759 $1,924,910 Low 70 37 31 $63,371,268 $62,871,268 $1,210,166 High 128 62 73 $184,607,562 $173,607,562 $3,621,855 FY19 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul-18 80 50 30 $80,896,878 $78,396,878 $1,567,938 Aug-18 77 45 32 $48,618,521 $46,802,521 $946,902 Sep-18 84 26 58 $119,633,412 $118,343,412 $2,371,535 Oct-18 101 35 66 $212,485,401 $207,882,401 $4,167,648 Nov-18 119 48 71 $158,226,115 $153,331,115 $3,085,622 Dec-18 94 51 43 1 $93,258,434 $89,800,934 $1,796,019 Jan-19 Feb-19 Mar-19 Apr-19 May-1 9 Jun-19 THRU DEC 18 Average 555 93 255 43 300 50 $713,118,761 $118,853,127 $694,557,261 $115,759,544 $13,935,663 $2,322,611 Low 77 26 30 $48,618,521 $46,802,521 $946,902 High 119 51 71 $212,485,401 $207,882,401 $4,167,648 MONTHLY (UNAUDITED) co l' - C) N W M 2 L E O ZZ O o !n m OO U W W Y w m Q in Z z Q J z FL W Q W W Y � Z Q Z :D T Nm r O ^ 'T M N m I C CD o M r o � ro m T T N � CO N C? 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O O O 0 0 0 r 0 h _a U co m C T Z M v o to CL` -D O O T a to (� m N a m N v Q (p V) N a f» (» N ti n z U _ 3 C N a _ C J � C a o h H O C Z Q co co Q C) C, rn m h d m m m 0 iz 0 0 0 0 0 ZZ z O o 0 0 n a C w ., Z N n in tcel N O cz h _a U co m C CD Z eo o; .n n CL` 3 co m a s m = m Q (p 2 m a Z n z U _ 3 a N a _ J m a o h H O o Z H co co N a m � LD C h 4 O m = y m N 0 Q m c n U 0 Q Z m O o c m NN 0 N h z z w } Q IL w 0 z J Q z z Q J Q H 0 H vi W O z J Q 0 F 0 O 0 0 o = 0 0 0 0 0 Ui Lo O o 0 0 CD C O n C o n F -co N n in tcel N O cz _a U C CL` 0 N h z z w } Q IL w 0 z J Q z z Q J Q H 0 H vi W O z J Q 0 F DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of January 8, 2019 1. Proposed Second Amendment to Nantucket Islands Land Bank Regulations 2. ACG Miacomet Golf Clubhouse Project Update 3. "M" Exemptions and Notice of Liens (see transfer business for record nos.) 4. "O" Exemptions and Notice of Liens (see transfer business for record nos.) 5. "M" Release of Lien (see transfer business for record no.) 6. Monthly Transfer Report — December 2018 7. Calendar and Fiscal Year Transfer Statistics and Graphs — December 2018 8. Land Bank Financials — November 2018 9. Check Warrant Summary dated January 8, 2019 TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of January 8, 2019 1. December 2018 Transfers — Record Nos. 40271 through 40365 a. Current "M" Exemptions and Liens: No. 40285 Romelys M. Vasquez and Ronald O. Vasquez No. 40346 Rita Nakarmi and Preetam M. Dangol No. 40359 Beth Berry and Kristina. Battisti b. Current "O" Exemptions and Liens: No. 40322 Snezhana Ivanova 2. "M" Exemption Update: a. Five -Year Domicile and Ownership Compliance — Release of Lien: No. 34756 Renee M. Barrett and Scott R. Barrett No. 34768 Leonie White and Sanique Levy No. 34789 Sarah Maneikis No. 34791 PAC Realty Trust, Eric Schurm, Trustee No. 34795 Michael J. Gault and Darya M. Afshari