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Home My WebLink About2018-12-11AGENDA Nantucket Land Bank Commission Regular Meeting of December 11, 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. PROPERTY MANAGEMENT a. Hinsdale Park Playground — Project Update b. Heritage Apple Orchard — Planning Discussion c. Fair Street Park — Statue Request APPROVAL OF MINUTES a. Regular Meeting of November 27, 2018 and Special Meeting of December 4, 2018 4. TRANSFER BUSINESS a. Current "M" Exemptions and Liens b. Current "O" Exemptions and Liens c. "M" Exemption Update — Partial Release of Lien 5. FINANCIAL BUSINESS a. Monthly Transfer Statistics b.' Warrant Authorization — Cash Disbursements c. Warrant Authorization — 2009A Semi -Annual Bond Payment 6. REGULAR BUSINESS a. Annual "M" Exemption Amount — Adoption b. 2018 Meeting Schedule 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 MINUTES Nantucket Land Bank Commission Regular Meeting of December 11, 2018 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:01 p.m. PRESENT: Richard Glidden, Kristina Jelleme, Neil Paterson, Allen Reinhard, John Stackpole. STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan Campese, Administrator/Finance Manager; Marian Wilson, Assistant Administrator. Maria Mitchell Association Executive Director, David Gagnon and Inquirer and Mirror Reporter, Brian Bushard were also present at call to order. I. CONVENE IN OPEN SESSION A. PUBLIC COMMENT/ STAFF ANNOUNCEMENTS: Chairman Paterson requested that staff send a letter of gratitude to Stephen Visco for his assistance at Miacomet Golf Course in recommending that the Land Bank pursue a tight tank solution rather than temporarily relocating the Oakson system components, which was expected to save approximately $30,000 to $40,000. B. PROPERTY MANAGEMENT: 1. Hinsdale Park Playground — Project Update: Mr. Savetsky reported that the project was scheduled for review at this evening's Historic District Commission meeting. Mr. Gagnon requested feedback on ideas for names they had come up with for the all-inclusive playground which was designed in collaboration with Maria Mitchell. Mr. Gagnon presented a few names that his staff had suggested, the most favored of which was "Discovery Playground at Hinsdale Park." The Commission said they liked the name and would take it under advisement, holding off the final decision until a meeting in January. Mr. Gagnon departed the meeting at 4:24 p.m. 2. Heritage Apple Orchard — Planning Discussion: Mr. Savetsky reported that he and Environmental Coordinator, Rachel Freeman, had recently walked the Nicolaci property on Millbrook Road with abutter Peter Kaizer to find the best location for the orchard. Mr. Savetsky presented an aerial with the new location which was sheltered from the elements by trees and hidden from view, yet reasonably close to the parking area and utilities. Upon a motion made by Commissioner Glidden and duly seconded by Commissioner Jelleme, it was unanimously VOTED to approve the newly designated location and move forward with the installation of the project. 3. Fair Street Park — Statue Request: Ms. Bell presented a request from Michelle Keeler to permanently place a statue of Fred Rogers on a bench at Fair Street Park. After some Land Bank Commission December 11, 2018 Page 2 discussion, it was the consensus of the Commission that the Fair Street Park was not the right location for the statue. However, the Commission thought Children's Beach was a good alternative location and suggested that staff relay that to the proponent. C. APPROVAL OF MINUTES: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Glidden it was unanimously VOTED to accept, approve and release the regular session minutes of November 27, 2018 and the special meeting minutes of December 4, 2018, as written. D. TRANSFER BUSINESS: 1. November 2018 Transfers — Record Nos. 40151 through 40270. The Commission reviewed transfers for the period of November 1, 2018 through November 30, 2018. a. Current "M" Exemption 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 buyer of real property: No. 40183 Isaiah Truyman and Gaelan Truyman No. 40214 Michael A. Baker and Carly L. Ambrose No. 40246 Jeremy B. Trottier and Sarah E. Trottier 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. 40232 Dante H. Guillen and Zoila Judith Flores de Estrada No. 40256 Kaitlin Farrell c. Current "M" Exemption Update/Subdivision of Property for Covenant Sale — Partial Release of Lien/No. 37508 Lindsey C. Knapp and Angelina Norwood: Upon a motion made by Commissioner Glidden and duly seconded by Commissioner Stackpole, it was unanimously VOTED to approve and execute a Partial Release of Lien which will be provided to Mr. Knapp and Ms. Norwood or their representative. E. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing calendar years 2017 and 2018 through November 2018 were presented. 2. Warrant Authorization — Cash Disbursements: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to execute the December 11, 2018, warrant document in the amount of $250,222.83 to be provided to the county treasurer. Land Bank Commission December 11, 2018 Page 3 3. Warrant Authorization — 2009 A Semi -Annual Bond Payment: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to approve payment and authorize staff to wire the Series A semi-annual bond payment of interest in the total amount of $33,187.50 from the Land Bank's Collection Account to the Bond Trustee at U.S. Bank. F. REGULAR BUSINESS: 1. Annual "M" Exemption Amount — Adoption: Ms. Campese presented statistics for 2016, 2017 and 2018 year to date for "M" exemption transfers. Based upon an analysis of those statistics and knowledge of current sale prices for residential real property in the Town and County of Nantucket, upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED that the value of the "M" exemption be increased to $600,000 for the calendar year 2019. 2. 2019 Meeting Schedule: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Glidden, it was unanimously VOTED to accept and confirm the regularly scheduled Land Bank meeting dates for 2018. Mr. Bushard departed the meeting at 4:30 p.m. Il. EXECUTIVE SESSION: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Glidden, 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, Glidden — Aye, Jelleme — Aye, Stackpole — Aye. The Chairman under Purpose 6 [G.L. c. 30A, 21(a)(6)] declared thtfi discussion of these matters in open session may be detrimental to the Land Bank's nego�txecutive ng position and that the Commission would not reconvene in regular session at the conclusion, session. ADJOURNMENT Commissioner Glidden, it Attested to: Richard orn a motion made by Commissioner Reinhard and duly seconded by VOTED to adjourn at 5:42 p.m. Secretary Accepted, Approved, and Released by the VOTE of the Commissi n this 8th day of January, 2019. Neil Paterson, Chairman MONTHLY TRANSFER STATISTICS CALENDAR 2017 CAL17 Month Total Transfers Exempt Transfers Taxable Transfers Total Gross Value Gross Value Taxable Revenue Received Jan -17 Feb -17 Mar -17 Apr -17 May -1 7 Jun-17 Jul -17 Aug -17 Sep -17 Nov -17 Dec -17 91 61 88 70 82 112 99 85 123 123 95 128 48 39 49 41 47 54 56 37 52 50 39 62 43 22 39 29 35 58 43 48 71 73 56 66 $70,995,625 $37,927,950 $86,162,201 $55,766,249 $61,049,314 $101,008,106 $86,775,289 $100,460,304 $184,607,562 $138,788,773 $89,552,632 $103,053,291 $64,626,277 $35,566,000 $83,510,901 $54,331,249 $57,758,014 $96,807,856 $80,305,289 $97,245,700 $173,607,562 $133,265,544 $86,004,631 $95,933,389 $1,298,476 $711,320 $1,679,335 $1,086,625 $1,155,160 $1,947,324 $1,614,906 $1,945,861 2,674,111 1732,892 j;$3,,621,855Oct-17 1,920,134 THRU NOV 17 Average Low High 1029 96 61 128 512 48 37 62 517 49 22 73 $1,013,094,006 $93,012,275 $37,927,950 $184,607,562 $963,029,024 $88,246,868 $35,566,000 $173,607,562 $19,467,863 $1,782,333 $711,320 $3,621,855 MONTHLY TRANSFER STATISTICS CALENDAR 2018 CAU 8 Month Total Transfers Exempt Transfers Taxable Transfers Total Gross Value Gross Value Taxable Revenue Received Jan -18 Feb -18 Mar -18 Apr -18 May -18 Jun -18 Jul -18 Aug -18 Sep -18 Oct -18 Nov -18 86 93 84 72 90 70 80 77 84 101 119 38 52 39 41 52 39 50 45 26 35 1 48 48 41 45 31 38 31 30 32 58 66 71 $109,100,331 $110,702,982 $86,699,505 $63,371,268 $68,681,278 $72,347,585 $80,896,878 $48,618,521 $119,633,412 $212,485,401 1 $158,226,115 $102,654,331 $105,899,307 $80,439,505 $62,871,268 $66,624,278 $68,338,985 $78,396,878 $46,802,521 $118,343,412 $207,882,401 $153,331,115 $2,053,887 $2,118,786 $1,609,457 $1,259,025 $1,337,840 $1,210,166 $1,567,938 $946,902 $2,371,535 $4,167,648 $3,085,622 Dec -18 T77� THRU OCT 18 Average Low High 956 87 70 119 465 42 26 52 491 45 30 71 $1,130,763,275 $102,796,661 $48,618,521 $212,485,401 $1,091,584,001 $99,234,909 $46,802,521 $207,882,401 $21,728,806 $1,975,346 $946,902 $4,167,648 MONTHLY (UNAUDITED) DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of December 11, 2018 1. Hinsdale Playground — Name Suggestions 2. Nicolaci aerial — Orchard location 3. Email request for statue of Mr. Rogers 4. Photograph of Mr. Rogers 5. "M" Exemptions and Notice of Liens (see transfer business for record nos.) 6. "O" Exemptions and Notice of Liens (see transfer business for record nos.) 7. Monthly Transfer Report — November 2018 8. Calendar Year Transfer Statistics and Graphs — November 2018 9. Check Warrant Summary dated December 11, 2018 10. "M" Exemption Statistics 11. "O" Exemption Statistics 12. Meeting Schedule for 2019 TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of December 11, 2018 1. November 2018 Transfers — Record Nos. 40151 through 40270 a. Current "M" Exemptions and Liens: No. 40183 Isaiah Truyman and Gaelan Truyman No. 40214 Michael A. Baker and Carly L. Ambrose No. 40246 Jeremy B. Trottier and Sarah E. Trottier b. Current "O" Exemptions and Liens: No. 40232 Dante H. Guillen and Zoila Judith Flores de Estrada No. 40256 Kaitlin Farrell 2. "M" Exemption Update: a. Subdivision of Property for Covenant Sale — Partial Release of Lien: No. 37508 Lindsey C. Knapp and Angelina Norwood