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HomeMy WebLinkAbout2019-12-10AGENDA Nantucket Land Bank Commission Regular Meeting of December 10, 2019 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 'L 2020 JAIN 16 PM 3, 20 a. Miacomet Golf Clubhouse — Update and Warrant Authorization b. Miacomet Golf Course Summer Employee Administration, Housing, and Storage Facility Project ("MGC SEAHSF") — Update and Warrant Authorization c. Miacomet Golf and Sconset Golf Event Policies - Discussion 3. PROPERTY MANAGEMENT a. Easy Street Park — Bid Award b. Property Naming - Discussion 4. APPROVAL OF MINUTES a. Regular Meeting of November 26, 2019 5. TRANSFER BUSINESS a. Current "M" Exemptions and Liens b. Current "O" Exemption and Lien FINANCIAL BUSINESS a. Monthly Transfer Statistics b. Warrant Authorization — Cash Disbursement c. Warrant Authorization — 2009A Semi -Annual Bond Payment 2. REGULAR BUSINESS a. Golf Financial Consultant Proposal - Discussion b. Annual "M" Exemption Amount — Adoption c. 2020 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; and for Purpose 3 [G. L. c. 30A, 21(a)(3)J. Discussions concerning strategy with respect to ongoing litigation. The Commission will -not reconvene in open session at the conclusion of executive session. 1. Approval of Executive Session Minutes 2. Litigation Discussion — The Ceylon Elves, LLC 3. Real Estate Acquisition C. ADJOURNMENT MINUTES Nantucket Land Bank Commission Regular Meeting of December 10, 2019 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. Inquirer and Mirror Reporter, Brian Bushard; Miacomet Golf Committee, Chris Perry; Miacomet Golf Course ("MGC') General Manager, Alan Costa; Golf Superintendent, Sean Oberly were also present at call to order. I. CONVENE IN OPEN SESSION: A. PUBLIC COMMENT/ STAFF ANNOUNCEMENTS: 1. MGC Clubhouse — Opening Information: Mr. Perry inquired if there was a grand opening planned for the new clubhouse. Mr. Costa responded that there was nothing official planned however there may be an opening event held in the spring of 2020. The restaurant was not operational yet and the building still needed some furniture and other interior design elements. Mr. Costa said the hours of operation would be somewhat variable over the coming weeks. Commissioner Jelleme reminded Mr. Costa to update the MGC website with the new hours of operations. 2. Reyes Pond — Citizens Request for Duck Boxes: Mr. Savetsky stated that Robert McNeil has asked for permission to erect three wood duck boxes on the Reyes property subject to review and approval of the locations by staff. Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to approve the request and to work with staff accordingly on the locations. B. GOLF BUSINESS: 1. Miacomet Golf Clubhouse — Update and Warrant Authorization: Mr. Savetsky briefed the Commission on a few interior design items still in progress. Upon a motion made by Commissioner Glidden and duly seconded by Commissioner Jelleme, it was VOTED to execute the December 10, 2019, warrant document in the amount of $542,131.52 to be provided to the county treasurer. Chairman Paterson was opposed. 2. Miacomet Golf Course Summer Employee Administration, Housing, and Storage Facility Project ("MGC SEAHSF") — Update and Warrant Authorization: Upon a motion made by Land Bank Commission December 10, 2019 Page 2 Commissioner Glidden and duly seconded by Commissioner Reinhard, it was unanimously VOTED to execute the December 10, 2019, warrant document in the amount of $973,569.90 to be provided to the county treasurer. 3. Miacomet Golf and Sconset Golf Event Policies — Discussion: Mr. Costa reviewed the event policies for both golf courses as previously sent to the Commission electronically. Specifically, he reviewed event types, suggested limiting the number of attendees, and confirmed that the restaurant would remain open to the general public during private events. Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Glidden, it was unanimously VOTED to accept and approve the Event Policy as presented by Mr. Costa. Mr. Perry, Mr. Costa and Mr. Oberly departed the meeting at 4:20 p.m. C. PROPERTY MANAGEMENT: 1. Easy Street Park — Bid Award: Ms. Bell presented the following four bids received for the park construction and bulkhead repair work at 21 and 27 Easy Street: ACKMarine and General Contracting $2,215,268.00 D'Allesandro Corp $2,938,350.00 Sciaba Construction Corporation $3,672,200.00 Northern Construction Services LLC $3,287,900.00 Upon a motion made by Commissioner Jelleme and duly seconded by Commissioner Glidden, it was unanimously VOTED to award the work to the lowest responsible and eligible bidder, ACK Marine and General Contracting, authorizing Mr. Savetsky and/or Ms. Bell to execute the contract on the Commission's behalf. 2. Land Bank Properties Naming — Discussion: Commissioner Reinhard presented a list of names for various Land Bank properties. After some discussion, upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to approve the following names: Suggested Name Formerly Known As Cathcart Beach Andrews (Cathcart Road) Peter Puck Park Peter Puck Park Long Pond Landing McAlinden (South Cambridge Street) Long Pond Trail Long Pond (South side after bridge aka Munson) Mt. Vernon Farm Mt. Vernon Farm Easy Street Park Arno (27 Easy Street) and Deeley (21 Easy Street) Wiggles Coffin Park Maxcys Pond (Angler's Club & Land Bank) Land Bank Commission Page 3 December 10, 2019 D. 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 26, 2019. E. TRANSFER BUSINESS: 1. November 2019 Transfers — Record Nos. 41201 through 41300. The Commission reviewed transfers for the period of November 1, 2019 through November 30, 2019. 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 buyers of real property: No. 41259 Eileen Mae Harkness No. 41284 Kristine Mortensen b. Current "O" Exemption and Lien: The Commission authorized the placing of a lien against the following property as a result of the purchasers claiming the "O" exemption as part of a deed -restricted affordable housing program: No. 41257 Lee -Jay Hurley c. Two -Year Ownership Non -Compliance — Payment/Release of Lien — No. 37417 Wendy L. Murrel: Ms. Campese explained that Ms. Murrel had paid the fee ($10,000), interest ($5,063.34) and penalty ($2,500) on the above -referenced transfer, as the property was sold prior to the expiration of the five-year domicile/ownership term under the "M" exemption. Upon a motion made by Commissioner Reinhard and duly seconded by Commissioner Jelleme, it was unanimously VOTED to approve and execute a Release of Lien to be provided to Ms. Murrel or her attorney. F. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing calendar years 2018 and 2019 through November 2019 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 10, 2019, warrant document in the amount of $179,807.16 to be provided to the county treasurer. 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 $14,528.75 from the Land Bank's Collection Account to the Bond Trustee at U.S. Bank. Land Bank Commission December 10, 2019 G. REGULAR BUSINESS: Page 4 1. Golf Financial Consultant Proposal — Discussion: Mr. Savetsky presented a proposal from Derek Johnston, Partner of ("GGA") Global Golf Advisors, for review as a potential candidate for the golf consultant position. Mr. Savetsky stated that Mr. Johnson and his team would review the financials and operational systems according to industry standards as well as review the management model in anticipation of putting management services out to bid in 2021. Ms. Campese added that GGA was a spinoff of KPMG accounting services that specialize in golf operations and had extensive experience working with municipalities. Part of their proposal was to review both courses' annual budgets and monthly financial reports. Discussion followed and the consensus of the Commission was to set up a video interview call with Mr. Johnston at a future meeting. 2. Annual "M" Exemption Amount — Adoption: Ms. Campese presented statistics for 2017, 2018 and 2019 (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 remain at $600,000 for the calendar year 2020. 2. 2020 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 2020. Mr. Bushard departed the meeting at 5:02 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 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 at the conclusion of executive session. Land Bank Commission December 10, 2019 Page 5 ADJOURNMENT: Upon motion made by Commissioner Reinhard and duly seconded by Commissioner Glidden, it was VOTED to adjourn at 5:03 p.m. Attested to: Richard Glidden, Secretary Accepted, Approved, and Released by the VOTE of the Commission t is 14th day of January, 2020. Neil Paterson, Chairman 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 -1 8 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 -1 8 77 45 32 $48,618,521 $46,802,521 $946,902 Sep -1 8 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 ;;491 THRU NOV 18 956 465 $1,130,763,275 $1,091,584,001 $21,728,806 Average 88 43 45 $102,001,809 $98,448,745 $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 TRANSFER STATISTICS CALENDAR 2019 CAL19 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jan -19 77 36 41 $73,129,224 $70,296,724 $1,405,934 Feb -19 55 32 23 $33,375,816 $31,585,094 $631,702 Mar -19 75 43 32 $51,027,881 $47,441,881 $948,838 Apr -19 72 42 30 $94,747,898 $91,479,627 $1,866,725 May -1 9 86 45 41 $82,825,845 $80,412,845 $1,608,257 Jun -19 70 42 28 $82,330,500 $71,590,500 $1,438,810 Jul -19 89 56 33 $94,955,156 $89,775,156 $1,796,308 Aug -19 99 46 53 $106,405,471 $102,684,583 $2,063,692 Sep -1 9 93 48 45 $80,267,845 $77,392,845 $1,549,917 Oct -19 109 49 60 $139,977,450 $137,527,117 $2,759,542 Nov -19 99 51 48 $110,400,753 $107,270,753 $2,145,415 Dec -19 THRU NOV 19 Average 924 84 490 45 434 39 $949,443,839 $86,313,076 $907,457,125 $82,496,102 $18,215,141 $1,655,922 Low 55 32 23 $33,375,816 $31,585,094 $631,702 High 109 56 60 $139,977,450 $137,527,117 $2,759,542 MONTHLY (UNAUDITED) TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of December 10, 2019 1. November 2019 Transfers — Record Nos. 41201 through 41300 a. Current "M" Exemptions and Liens: No. 41259 Eileen Mae Harkness No. 41284 Kristine Mortensen b. Current "O" Exemptions and Liens: No. 41257 Lee -Jay Hurley 2. "M" Exemption Update: a. Two -Year Ownership Non -Compliance — Payment/Release of Lien: No. 37417 Wendy L. Murrel DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of December 10, 2019 1. Check Warrant Summary dated December 10, 2019 — Clubhouse 2. Check Warrant Summary dated December 10, 2019 — "MGC SEAHSF" 3. Golf Event Policy Email from Alan Costa 4. Easy Street Park Construction Bid List 5. Land Bank Properties Suggested Name List 6. "M" Exemptions and Notice of Liens (see transfer business for record nos.) 7. "O" Exemptions and Notice of Liens (see transfer business for record nos.) 8. "M" Exemption Updates (see transfer business for record nos.) 9. "M" Two -Year Ownership Non — Compliance Payment/ Release of Lien 10. Monthly Transfer Report — November 2019 11. Calendar Year Transfer Statistics and Graphs — November 2019 12. Check Warrant Summary dated December 10, 2019 13. Check Warrant Summary dated December 10, 2019 — 2009A Semi -Annual Bond Payment 14. Derek Johnston Email for GGA Proposal of Services 15. "M" Exemption Statistics 16. "O" Exemption Statistics 17. Meeting Schedule for 2020