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HomeMy WebLinkAbout2022-6-28 • • AGENDA Nantucket Land Bank Commission Regular Meeting of June 28, 2022 Land Bank Conference Room, 22 Broad Street CALL TO ORDER: 4:00 P.M. A. CONVENE IN OPEN SESSION ` 1. PUBLIC COMMENT/ STAFF ANNOUNCEMENTS dmr —1 a. Mill Hill Park/Nobadeer Ballfields—Swap Update " -- ' y••.. 2. GOLF BUSINESS a. Sconset Golf Course—Manager's Monthly Review b. Miacomet Golf Course—Manager's Monthly Review c. Warrant Authorization—Golf Capital Funds Transfer Request 3. PROPERTY MANAGEMENT a. Pigs as a Management Tool—Discussion b. 14/16 Candle House Ln/Garden of the Sea—Event Request c. 66 Washington St/Wolfe—Signage Request 4. TRANSFER BUSINESS a. "M"Exemption Update—Release of Liens b. "0"Exemption Update—Release of Liens 5. APPROVAL OF MINUTES a. Regular Meeting of June 14, 2022 6. FINANCIAL BUSINESS a. Monthly Financial Report—May b. Warrant Authorization—Cash Disbursement 7. COMMISSIONERS ADDITIONAL QUESTIONS AND CONCERNS a. Update on Dog Park, drainage issues, etc. (KJ) b. 321 Polpis Road—Update on design/planning (KJ) 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 C. ADJOURNMENT •, MINUTES i~ Nantucket Land Bank Commission Regular Meeting of June 28, 2022 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: Jesse Bell,Executive Director; Susan Campese,Administrator/Finance Manager; Marian Wilson,Assistant Administrator; Rachael Freeman,Director of Environmental and Agricultural Resources; John Kuszpa,Director of Property Management. Miacomet Golf Course ("MGC") and Sconset Golf Course ("SGC") General Manager, Sean Oberly; NGM, Inc., President, Matthew Galvin;Nantucket Current Intern, John Carl McGrady; and Nantucket Inquirer and Mirror Reporter, Dean Geddes; were also present at call to order. I. CONVENE IN OPEN SESSION: A. PUBLIC COMMENT/ STAFF ANNOUNCEMENTS: 1. Ms. Bell reported that Governor Baker signed the legislation authorizing the swap of the Nobadeer Ballfields and rotary sliver to the town for the Mill Hill Park parcels. Ms. Bell said the subdivision plans were being finalized and maintenance and cleanup of the park had already begun. Commissioner Reinhard asked about reestablishing the trail behind the former Egan property and what the future plans for the property would be. Ms. Bell said there was a lot of maintenance work to catch up on (removal of hazard trees,mowing,trail maintenance,trash pickup, sledding hill site restoration)but that staff would bring some new conceptual ideas to the Commission in the fall for discussion. Commissioner Donato suggested additional parking should be part of the plan. B. GOLF BUSINESS: 1. Sconset Golf Course—Manager's Monthly Review: The Commission reviewed the balance sheet and profit and loss comparisons for May 2022 sent in a meeting packet prior to the meeting. Mr. Oberly stated that the course had only been open for five days in May, but all seemed to be going well. Mr. Galvin reported that due to the constraints of the septic system at the course they would not be able to sell anything but prepackaged food as they had in the past. 2. Miacomet Golf Course ("MGC")—Manager's Monthly Review: The Commission reviewed the profit and loss summary for May 2022. Mr. Oberly reported increases in both rounds and covers year-to-date. He said both the golf shop and food and beverage revenue was lower due to two weeks of bad weather and Covid-19 related closures of the restaurant in May. He said they were still struggling to fill a few key back-of-the-house positions and due to the shortage of help the restaurant was only open five days for lunch and three nights for dinner. Mr. Oberly said his plan for next year was to fill those positions through the H2B Visa program. Mr. Galvin said he was . r Y Land Bank Commission Page 2 June 28, 2022 getting some push back from members for having to pay $20 to play at SGC, but said his compromise was they could play SGC for free when Miacomet was closed due to upgrades or member/guest tournaments. He reminded the Commission that they were charging members of the public for no shows or under shows. However,members were not being charged and it was becoming a problem. He said he was instituting a three strikes program that would be outlined in the July newsletter. The first and second time a member misses a reservation(or members of the party miss it)there would be a cart charge ($30) charge per no show. The third time the member would no longer be able to prebook reservations. He said they were monitoring pace of play through the visage system and other than a few foggy days the pace was on target. Lastly, Mr. Galvin has scheduled his first meeting with the Golf Committee in July. 3. Warrant Authorization—Golf Capital Funds Transfer Request: Golf Capital Funds Transfer Request: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Donato, it was unanimously VOTED to execute the June 26, 2022,warrant document in the amounts of$113,048.58 and $3,969.24 to be provided to Nantucket Golf Management, Inc. from the MGC Golf Capital Reserve account and the SGC Golf Capital Reserve account respectively. Mr. Oberly and Mr. Galvin departed the meeting at 4:28 p.m. C. PROPERTY MANAGEMENT: 1. 14/16 Candle House Lane/Garden of the Sea—Event Request: Ms. Antonietti presented a request from Anne Dewez to hold a neighborhood celebration for the purchase of 7 North Mill. She anticipated 40-50 people from 5:00 to 6:30 pm with food and drink, date in July to be determined. Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Donato, it was unanimously VOTED to approve the request. 2. 66 Washington Street/Wolfe—Signage Request: Ms. Bell reported the neighbor across the street said people were walking their dogs on the property and not picking up the waste. He suggested signage be installed instructing people to clean up after their dogs. Upon a motion made by Commissioner Donato and duly seconded by Commissioner Jelleme, it was unanimously VOTED to deny the request. D. TRANSFER BUSINESS: 1. "M"Exemption Update: a. Five-Year Domicile and Ownership Compliance—Release of Liens: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to authorize the issuance of Releases of Liens for the following transfers as a result of the purchasers fulfilling the requirements of Section 12, subsection(-m-): No. 38563 Aliaksandr Arashonkau and Volha Arashonkava No. 38567 Alan O'Connor and Claire Farrell Y 1 . Land Bank Commission Page 3 June 28, 2022 No. 38575 Jamie Sandsbury and Josh Sandsbury No. 38640 Emily A. Wendelken and Maura A. Wendelken 2. "0"Exemption Update: a. Five-Year Domicile and Ownership Compliance—Release of Lien: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to authorize the issuance of a Release of Lien for the following transfer as a result of the purchaser fulfilling the requirements of Section 12, subsection(-o-): No. 38584 Allison Johnson E. APPROVAL OF MINUTES: Upon a motion made by Commissioner Stackpole and duly seconded by Commissioner Jelleme, it was unanimously VOTED to accept, approve, and release the regular session minutes of June 14, 2022, as written. F. FINANCIAL BUSINESS: 1. Monthly Financial Report: The Commission accepted the May 31, 2022, financial j report including the balance sheet and income statement previously provided by email. j 2. Warrant Authorization—Cash Disbursements: Upon a motion made by Commissioner Donato and duly seconded by Commissioner Reinhard, it was VOTED to execute the May 24, 2022, warrant document in the amount of$1,000,936.81 to be provided to the e County Treasurer. Commissioner Jelleme recused herself from the vote. G. PROPERTY MANAGEMENT: continued. 1. Pigs as a Management Tool -Discussion: Ms. Freeman reported she informally tried using pigs on property off First Way to eradicate Japanese Knotweed. The pigs ate the knotweed taking it out by the roots, but some has grown back. Ms. Freeman recommended utilizing the pigs for a second year at the same location to see whether that would achieve full eradication. She pointed out that a formal agreement with Moors End Farm needed to be established as there were costs involved. Ms. Freeman noted she was related to the owners of the farm,but currently they were the only source of pigs on the island. Further, Ms. Freeman said she would like to try using the pigs for forest management to clear understory which would help with wildfire risk, Southern Pine Beetles as well as habitat for the Northern Long-Eared Bats. Ms. Freeman said it would be four pigs and it would take about two hours a day to feed and care for them,plus additional hours to move them. She asked the Commission how to structure the agreement. Commissioner Jelleme said she was thrilled to try a sustainable, environmentally friendly,natural resource to manage properties and recommended drafting a lease agreement with Moors End Farm L_i with Moors End setting a price. Upon a motion made by Commissioner Jelleme and duly seconded by Commissioner Reinhard, it was unanimously VOTED to pursue a lease agreement with Moors End Farm for the use of four pigs through December 2022. Land Bank Commission Page 4 June 28, 2022 H. COMMISSIONERS ADDITIONAL QUESTIONS AND CONCERNS: 1. Update on Dog Park: Mr. Kuszpa said the park had been reopened with inlet drains topped with gravel installed. Some of the grass seed had sprouted and one truckload of pine needles had been spread with more loads scheduled. Straw waddles were placed around the perimeter of the park to reduce water from the parking lot. Mr. Kuszpa said he would reassess additional needs after the next big rain. Ms. Bell said the engineer had designed an additional drainage structure for the parking lot,but staff wanted a chance to review it with the engineer first to make sure all natural solutions had been considered. 2. 321 Polpis Road—Update on Design/Planning: Ms. Bell said the Conservation Commission and the Historic District Commission had approved the removal of all artificial structures on the property and the Building Commissioner had deemed the building not worth saving or moving. Mr. Kuszpa had applied for the building permit and was working on an Invitation for Bids for the removal. Mr. Kuszpa said he expected work could begin in late August or early September. Additionally, Ms. Bell said she met with Karen Beattie of the Nantucket Conservation Foundation("NCF"), and she said they were amenable to having a connection to their restored wetlands located at the Windswept Cranberry Bog. Ms. Bell recommended having a site visit with the Commission and NCF after all the structures were removed. Mr. Geddes departed the meeting at 5:05 p.m. II. EXECUTIVE SESSION: A motion was made by Commissioner Stackpole and duly seconded by Commissioner Donato to go into executive session in order to discuss the purchase, exchange, lease or value of real property and review and approve executive session minutes. A roll call vote was taken on the motion: Allen Reinhard-Aye; Kristina Jelleme-Aye;Neil Paterson-Aye; John Stackpole-Aye, Mark Donato-Aye. The Chairman declared under Purpose 6 [G.L. c. 30A, 21(a)(6)] that discussion of these matters in open session may be detrimental to the Land Bank's negotiating position. The Chairman further announced that the Commission would not reconvene in regular . session at the conclusion of executive session. ADJOURNMENT: Upon a motion made by Commissioner Reinhard and duly seconded by Commissioner Stackpole, it was VOTED to a 'ourn at 5:39 p.m. Attested to: Mark onato, Secretary Accepted, Approyed, and Released by the VOTE of the Commis n this 12th day of July 2022. Neil Paterson, Chairman NANTUCKET LAND BANK COMMISSION WORKSHEET UNAUDITED FINANCIAL REPORT as of May 31, 2022 STATEMENT OF ACCOUNTS-UNRESTRICTED FUNDS Apr YIELD May YIELD 4/30/2022 5/31/2022 Nantucket Bank/Operating Fund x8888 0.00 0.00 $38,913.54 $37,973.73 Nantucket Bank/Collection Account x7653 0.25 0.25 $37,201,475.71 $38,927,938.73 Nantucket Bank/Special CD x1135 matures 5/20/2022* 0.20 0.2/0.75 $5,056,885.79 $5,057,440.00 TOTAL UNRESTRICTED FUNDS: $42,297,275.04 ' $44,023,352.46 STATEMENT OF ACCOUNTS-RESTRICTED FUNDS Apr YIELD May YIELD 4/30/2022 5/31/2022 US Bank/Series A Bonds Reserve Fund/TNotes mature 5/15/22 M►tVol 1.75 2.92 $3,070,374.01 $1,704,610.59 US Bank/Series A Bonds Debt.Service Fund x1oo2 0.00 0.00 $20,907.39 $107,607.66 US Bank/Acquisition Fund x1oo3 0.00 0.00 $1.10 $1.10 Nantucket Bank/SHAC Escrow x7038 0.25 0.25 $40,117.43 $40,125.95 Nantucket Bank/NFRM Escrow x9058 0.25 0.25 $10,020.85 $10,022.98 Nantucket Bank/CSMF(Industrial Pk Mitigation)Escrow x1457 0.25 0.25 $44,028.43 $44,037.78 Nantucket Bank!Nabalus Escrow x1473 0.15 0.15 $1,661.16 $1,661.37 Nantucket Bank/MGC Golf Capital Reserve 0.25 0.25 $208,899.49 $208,943.85 Nantucket Bank/SGC Capital Reserve 0.25 0.25 $391,780.35 $391,863.54 Nantucket Bank/NGM Management Reserve 0.25 0.25 $8,337.11 $10,422.43 Hingham Savings/Marble Reserve CD matures 8/29/2022 0.40 0.40- $227,065.44 $227,142.59 Citizens Bank/Rackemann Sawyer Acquisition Escrow $544,000.00 $374,000.00 TOTAL RESTRICTED FUNDS: $4,567,192.76 $3,120,439.84 TOTAL FUNDS: $46,864,467.80 $47,143,792.30 BONDS: Principal Outstanding Payment Due Annual Payments 2009 Series A Issue $220,000 Principal and Interest due 7/1/22 $223,245.00 (Final principal payment 7/1/2022) 2012 Series A Issue $3,760,000 Interest due 8/15/22,Principal and Interest due 2/15/23 $426,862.50 (Final principal payment 2/15/2032) • 2016 Series A Refunding Bond $5,780,000 Interest due 6/1/22,Principal and Interest due 12/1/22 $1,063,400.00 (Final principal payment 12/1/2027) • . TOTAL BONDS: $9,780,000 TOTAL ANNUAL BOND PAYMENTS: $1,713,507.50 NOTES: Principal Outstanding Payment Due Annual Payments Marble Note#19 $1,700,000 Interest of$25,768.60 due 6/9/22,9/9/22,12/9/22,3/9/23 $103,074.40 Hays Note#37 $1,333,333 Principal due 6/12/22 $1,333,333.33 TOTAL NOTES: $3,033,333 TOTAL ANNUAL NOTE PAYMENTS: $1,436,407.73 - TOTAL DEBT: $12,813,333 TOTAL ANNUAL DEBT PAYMENTS: $3,149,915.23 *A 12-month CD with the benefit of withdrawing at anytime,if needed,without penalty. STATEMNTFY22 DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of June 28, 2022 1. Sconset Golf Course—Financial Reports May 2022 2. Miacomet Golf Course—Financial Reports May 2022 3. Golf Capital Reimbursement Request Warrant 4. 14/16 Candle House Ln/Garden of the Sea—Event Request 5. "M"Releases of Liens (see transfer business for record nos.) 6. "0"Release of Lien(see transfer business for record no.) 7. Land Bank Financial Statements—May 2022 8. Check Warrant Summary dated June 28, 2022 TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of June 28, 2022 1. "M"Exemption Update: a. Five-Year Domicile and Ownership Compliance—Releases of Liens: No. 38563 Aliaksandr Arashonkau and Volha Arashonkava No. 38567 Alan O'Connor and Claire Farrell No. 38575 Jamie Sandsbury and Josh Sandsbury No. 38635 Neva Thomas No. 38640 Emily A. Wendelken and Maura A. Wendelken 2. "0"Exemption Update: a Five-Year Domicile and Ownership Compliance—Release of Lien: No. 38584 Allison Johnson 11 ..