HomeMy WebLinkAbout2021-6-1 AGENDA
Nantucket Land Bank Commission x ' •
Regular Meeting of June 8, 2021 , J +`-'?.
Land Bank Conference Room, 22 Broad Street (,/ r4 CLE F
Nantucket, Massachusetts 19?1
JUN 24 PM 2: 47
CALL TO ORDER: 4:00 P.M.
A. CONVENE IN OPEN SESSION
1. PUBLIC COMMENT/ STAFF ANNOUNCEMENTS
2. PROPERTY MANAGEMENT
a. Cisco Beach—Mobile Food Vendor Proposal
3. TRANSFER BUSINESS
a. Current "M" Exemptions
b. Current "0" Exemptions
4. APPROVAL OF MINUTES
a. Regular Meeting of May 25, 2021
5. FINANCIAL BUSINESS
a. Monthly Transfer Statistics
b. Warrant Authorization—Cash Disbursement
c. Warrant Authorization— Cash Disbursement Ratify and Confirm
d. Warrant Authorization—2009 Series A Semi-Annual Bond Payment
B. EXECUTIVE SESSION: The Executive Session is for Purpose 6[G.L. c. 30A, 21(a)(6)]. 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
C. ADJOURNMENT
MINUTES
Nantucket Land Bank Commission
Regular Meeting of June 8, 2021
Land Bank Conference Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 p.m.
PRESENT: Mark Donato, 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; Rachael
Freeman, Environmental Coordinator.
Dean Geddes, Inquirer and Mirror Reporter and Judy Zurheide, were also present at call to order.
I. CONVENE IN OPEN SESSION:
1. PUBLIC COMMENT/ STAFF ANNOUNCEMENTS:
Chairman Paterson thanked Mr. Savetsky for his 23 years of leadership at the Nantucket Land Bank
and wished him a successful retirement on behalf of the Commission.
Ms. Zurheide stated that in 2009, she approached Mr. Savetsky and pitched the idea for the
labyrinth on a Land Bank property. She expressed her gratitude to Mr. Savetsky for his leadership
and assistance in making the labyrinth a reality at the Hinsdale Park.
2. PROPERTY MANAGEMENT:
a. Cisco Beach—Mobile Food Vendor Proposal: Ms. Bell reported that Nantucket
Poke had submitted their proposal for the upcoming season at Cisco Beach after the deadline.
However, town counsel indicated that it was permissible to approve vendors after the deadline so
long as they substantially conformed to the temus of the RFP and the maximum limit of vendors had
not been reached. Ms. Bell recommended that the Commission approve the proposal as only one
mobile food unit had been approved at Cisco this year and the Land Bank was allowed to have
three. Upon a motion made by Commissioner Donato and duly seconded by Commissioner
Paterson, it was unanimously VOTED to approve the request to provide an additional food service
for beachgoers at Cisco.
3. TRANSFER BUSINESS:
a. May 2021 Transfers—Record Nos. 43196 through 43309. The Commission reviewed
transfers for the period of May 1, 2021, through May 31, 2021.
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June 8, 2021
b. Current "M" Exemptions and Liens: The Commission authorized the placing of liens
against the following property as a result of the purchasers claiming the "M" exemption as first-time
buyers of real property:
No. 43301 Lucas M. Williams and Jennifer L. Williams
No. 43302 Randi A. Alberry
c. Current"0" Exemption and Lien: The Commission authorized the placing of a lien
against the following property as a result of the purchaser claiming the "0" exemption as part of a deed-
restricted affordable housing program:
No. 43297 Mikhail Stepanov
4. APPROVAL OF MINUTES:
a. 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 May 25, 2021, as written.
5. FINANCIAL BUSINESS:
a. Monthly Transfer Statistics: Monthly transfer statistics reports comparing fiscal
years 2020 and 2021 through May 2021 were presented to the Commission.
b. Warrant Authorization—Cash Disbursements: Upon a motion made by
Commissioner Donato and duly seconded by Commissioner Reinhard, it was VOTED to approve and
execute the June 8, 2021, warrant documents in the amount of $472,995.58 to be provided to the
county treasurer. Commissioner Jelleme recused herself from the vote.
c. Warrant Authorization— Cash Disbursements for June 1, 2021: Upon a motion
made by Commissioner Stackpole and duly seconded by Commissioner Reinhard it was VOTED to
ratify and confirm the prior action of executing the following warrant document in the amount of
$3,149.12 to be provided to the county treasurer.
d. Warrant Authorization—2009 Series A Bond Semi-Annual Payment: Upon a
motion made by Commissioner Stackpole and duly seconded by Commissioner Reinhard, it was
VOTED to approve payment and authorize staff to wire the 2009 Series A semi-annual bond
payment of interest and principal in the total amount of$398,997.50 from the Land Bank's
Collection Account to the Bond Trustee at U.S. Bank.
Mr. Geddes and Ms. Zurheide departed the meeting at 4:19 p.m.
II. EXECUTIVE SESSION: Upon a motion made by Commissioner Stackpole and duly seconded
by Commissioner Reinhard, it was unanimously VOTED to go into executive session in order to
discuss the purchase, exchange, lease or value of real property, discuss pending litigation and
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June 8, 2021
review and approve executive session minutes. A roll call vote was taken: Donato- Aye, Reinhard-
Aye, Paterson-Aye, Stackpole-Aye, Jelleme-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 reconvene in regular session following
executive session.
ADJOURNMENT: Upon a motion made by Commissioner Reinhard and duly seconded by
Commissioner Donato, it was VOTED to adjourn at 5:38 p.m.
Attested to: A1.,
Mark Donato ecr ary
Accepted, Approved, and Released by the VOTE
of the Commission this 22nd day of June 2021.
Neil Paterson, Chairman
MONTHLY TRANSFER STATISTICS FISCALYEAR 2020a x1 -. ',-;1:-C- .;--t""64-:--"°
FY20 Total Exempt Taxable Total Gross Gross Revenue
Month Transfers Transfers Transfers Value Value Taxable Received
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-19 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 $107,270,7531 $2,145,415
Dec-19 112 71 41 $104,991,606 $88,127,806; $1,772,556
1
Jan-20 89 47 42 $109,790,691 $101,405,0241 $2,028,080
Feb-20 64 43 21 $41,203,812 $39,403,812 $788,096
Mar-20 50 31 19 $36,463,714 $34,508,714, $690,174
Apr-20 49 27 22 $45,321,960 $43,866,510 $877.330
May-20 36 18 18 $57,099,813 $55,087,313 $1,111,746
Jun-20 52 29 23 $50,331,5001 $50,331,500 $1,012,480
THRU MAY 20 889 487 402 $926,878,271 $877,049,633 $17,582,858
Average 78 43 35 $81,434,148 $77,281,7611 $1,549,611
Low 36 _ 18 _ 18 _ $36,463,7141 $34,508,7141 $690,174
High 112 71 60 $139,977,4501 $137,527,117 $2,759.542
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MONTHLY'TRANSFER STATISTICS FISCAL YEAR 2021
FY21 Total Exempt Taxable Total Gross Gross Revenue
Month Transfers Transfers Transfers Value Value Taxable Received
Jul-20 101 57 44 $137,529,158 $130,894,991 $2,617,900
Aug-20 104 49 55 $176,375,099 $171,288,925 $3,435,779
Sep-20 159 42 117 $363,276,137 $362,676,137 $7,253,523
Oct-20 201 68 133 $373,250,751 $367,511,350 $7,359,923
Nov-20 121 40 81 _ $218,588,228 ' $214,313,827 $4,286,277
Dec-20 256 146 110 $307,862,539 $302,257,539 $6,053,651
Jan-21 118 60 50 $108,513,635, $102,961,135 $2,069,223
Feb-21 87 48 39 $107,677,3051 $99,427,305 $1,988,546
Mar-21 125 62 63 $149,643,408, $144,563,748 $2,903,275
Apr-21 154 74 80 $253,758,427' $248,349,549 $4,980,991
May-21 113 47 66 $129,395,513 $124,775,513 $2,495,510
Jun-21 _ I
THRU MAY 21 1,539 693 838 $2,325,870,201 $2,269,020,020 $45,444,597
Average 140 63 76 $211,442,746 $206,274,547 $4,131,327
Low 87 40 39 $107,677,305 $99,427,305 $1,988,546
High 256 146 133 $373,250,751 $367,511,3501 $7,359,923
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MONTHLY(UNAUDITED)
DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of June 8, 2021
1. Cisco Beach Mobile Vendor—Nantucket Poke Proposal
2. Monthly Transfer Report—May 2021
3. Current "M" Exemptions (see transfer business for record nos.)
4. Current "0" Exemptions (see transfer business for record nos.)
5. Fiscal Year Transfer Statistics and Graphs—May 2021
6. Check Warrant Summary dated June 8, 2021
7. Check Warrant Summary dated June 1, 2021
8. Refunding 2009 Series A Bond Warrant
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of June 8, 2021
1. May 2021 Transfers—Record Nos. 43196 through 43309
a. Current "M" Exemptions and Liens:
No. 43301 Lucas M. Williams and Jennifer L. Williams
No. 43302 Randi A. Alberry
b. Current"0" Exemptions and Liens:
No. 43297 Mikhail Stepanov