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HomeMy WebLinkAbout2007-03-13 rc. AGENDA Nantucket Land Bank Commission Regular Meeting of March 13, 2007 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER ~ ~ A. PROPERTY MANAGEMENT 1. Sconset Beach Preservation Fund Request :'~::J r>? ~-' Minutes of the regular meeting and special meetings of February 13,2007 ::] ,',) B. CITIZEN BUSINESS/ANNOUNCEMENTS ~ C. PROPERTY MANAGEMENT 1. Miacomet Golf Course D. TRANSFER BUSINESS E. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization - Cash Disbursements F. REGULAR BUSINESS 1. Ratify and Confirm All 2007 Votes G. PROPERTY MANAGEMENT 1. Property Management Update 2. Nantucket Biodiversity Initiative - Funding Request 3. Craig Property - Easement Relocation Request 4. Andrews Property - Leaseback Discussion 5. Wanoma Way - Beach Stairs Discussion 6. Sachem Road Property - Drainage Ditch Restoration EXECUTIVE SESSION ADJOURNMENT Land Bank Commission March 13, 2007 Page 2 Attorney Hunter responded that he believes that the Land Bank may not withdraw its assent to the application during the process but as a private landowner the Land Bank may notify the Conservation Commission that it will not allow any work to occur on its properties. Citizen Rick Atherton asked a follow-up question to clarify the discussion. B. EXECUTIVE SESSION: Upon a motion made and duly seconded, it was VOTED to go into Executive Session. Each member was polled individually. All members voted yes. The Chairman noted that the Commission would reconvene into regular session and that the purpose of going into executive session was to discuss matters related to real estate acquisition. Members of the Nantucket Board of Selectmen Whitey Willauer, Catherine Stover and Michael Kopko were present for Executive Session. C. CITIZEN BUSINESS/ANNOUNCEMENTS: None D. PROPERTY MANAGEMENT: 1. Miacomet Golf Course: a. Pinancials Update: Mr. Passios provided an update on financial activities to date. b. Membership Update: The Commission reviewed and approved the policy currently in place for handling delinquent member accounts. c. Operations Update: Mr. Passios provided an update on matters related to operations including memberships, golf shop staffing and training, job descriptions and hierarchy, departmental policies and procedures, and bar/restaurant activity. d. Course Renovations Update: Mr. Passios provided an update on the Request for Proposals (RFP) process and reported that the deadline for bid submission is Friday, March 16th. e. Facilities Renovations Update: Mr. Passios provided a scheduling summary for renovation of the administration building. e. Toro Lease Discussion: Mr. Passios presented cost comparisons oflease-to-own scenarios verses outright purchase of the Toro mowers. Upon a motion made and duly seconded, it was VOTED to purchase the mowers at an estimated cost of $55,497. E. TRANSFER BUSINESS: 1. Transfer Record Nos. 27739 through 27787: The Commission reviewed transfers for the period of February 1,2007 through February 28, 2007. a. The Commission authorized placing liens against the following properties as a result of the purchasers claiming the "M" exemption as first time home buyers of real property: Land Bank Commission March 13,2007 Page 4 seconded, it was VOTED to advertise for a part-time (20 hours per week or less) Landscape Assistant for May 18t through September 18t,. Compensation shall be up to $20 per hour. 2. Nantucket Biodiversity Initiative - Funding Request: The Commission was informed of a request from Robert S. Kennedy, Chairman, Nantucket Biodiversity Initiative (NBI), seeking a contribution to NBI to help off-set the cost of inventorying and monitoring plant and animal species on Nantucket including Land Bank properties. Upon a motion made and duly seconded, it was VOTED to donate $1,000 towards the project. 3. Craig Property ~ Easement Relocation Request: The Director summarized correspondence from Attorney JeffStetina seeking approval from Commission to relocate the 20' wide utility easement from the westerly side of his client's property located at 290 Polpis road to the easterly side. Upon a motion made and duly seconded, it was VOTED to approve the request. 4. Andrews Property - Leaseback Discussion: The Director informed the Commission that correspondence had been received from Virginia Andrews' attorney, Rhoda Weinman, asking the Commission to consider granting Ms. Andrews a 10 year extension to the life estate portion of the Andrews property which will expire on June 18,2009. No action was taken. 5. Wanoma Way - Beach Stairs Discussion: The Director reported that area resident Frank Matarazzo has offered to contribute $7,500 towards the installation of stairs at the Land Bank's Wanoma Way beach property. The Commission asked staff to move forward with the surveying and permitting process. 6. Sachem Road Property - Drainage Ditch Relocation: After a discussion of the matter, upon a motion made and duly seconded, it was VOTED to authorize the Director to sign a Notice of Intent (NOI) application to the Conservation Commission seeking an Order of Conditions to allow the owners of property located at 14 Sachem Road (Moore) and 8 Sachem Road (Griswold) to install a drainage culvert under the road and onto Land Bank property. Correspondence from the applicants' attorney, Richard Beaudette, states that once the order is issued they will again approach the Land Bank for permission to actually perform the work. 7. Somerset Landscape Garage - Renovation Proposal: The Commission authorized the purchase ofa cedar clad roll-up garage door at an estimated cost of $2,700. 8. Sconset Beach Preservation Fund Request: The Commission continued its discussion regarding SBPF's requested assent to its filing of a Notice oflntent (NOI) with the Nantucket Conservation Commission and a Chapter 91 Permit Application with the Department of Environmental Protection seeking permits for their proposed beach nourishment project which would include various Land Bank properties. Upon a motion made and duly seconded, it was VOTED to assent to the filing of the Conservation Commission Notice oflntent to allow SBPF to move forward with the permitting process during which additional information and concerns can be addressed. The Commission authorized the Director to execute the assent letter subject to it being in a form satisfactory to Land Bank counsel. The Commission took no action on SBPF's request that the Land Bank assent to its Chapter 91 Permit Application. PROPERTY MANAGEMENT: January 9, 2007 Gardner Property - Marble Cottage Addition: Property Supervisor, Jeffrey Pollock presented a comparison of cost estimates which have been received for various stages of the renovation and addition to the Marble Cottage. The cost estimates reviewed were as follows: Excavation: Foundation: Construction: T.C.E. L.L.c. $10,340 All Cape Foundations $11,675 Tom Mosscrop $74,200 Atlantic Aeolus $9,760 Atlantic Aeolus $11,160 Halik Builders $75,000 Myles Reis unresponsIve Myles Reis unresponSIve Stobart Construction $65,000 J&J Concrete unresponsive Cardinal Construction $90,175 Riseboroughs unresponsIve Electrical: Septic Upgrade: Marc Yancone unresponsive T.C.E. L.L.C. $4,740 Ryder Electric $12,500 Myles Reis unresponsive Jon Moreau Ele, $8,150 Visco Pumping unresponsive After a discussion, upon a motion made and duly seconded, it was VOTED to contract for services with T.C.E. L.L.C. for site excavation and septic upgrade, All Cape Foundations for foundation work, Stobart Construction for building construction, and Jon Moreau Electric for electrical as the lowest responsive, responsible bidders. Upon a motion made and duly seconded, it was VOTED to contract for services with W.B. Marden for plumbing, Karl Gross for plastering and Yates Gas for heating. January 9, 2007 Somerset Farm - Marble Barn Renovation: Jeffrey Pollock presented a comparison of cost estimates which have been received for various stages of the renovation to the Marble Barn and estimates for the cost of materials. The cost estimates reviewed were as follows: Foundation: Trudell Property Management Castle Construction Northern Heritage Halik Builders Stobart Construction no interest unresponsive unresponSIve $14,500 $15,000 Construction: Trudell Property Management Castle Construction Northern Heritage Halik Builders Stobart Construction no interest unresponsive unresponsive $137,500 $150,000 Materials for Construction: Electric Garage Doors: $10,000 to $15,000 $6,000 to $10,000 After a discussion, upon a motion made and duly seconded, it was VOTED to contract for services with Halik Builders for foundation and building construction as the lowest responsive, responsible bidder. Upon a motion made and duly seconded, it was VOTED to contract for services with Atlantic Aeolus for site excavation and building relocation. January 9, 2007 Maxey Pond Settlers' Access - Fencing Request: In response to a request by Commissioner Stackpole, upon a motion made and duly seconded, it was VOTED to ask staff to install split rail fencing along the eastern edge of the public access way to the original settler's burial ground. . upon a motion made and duly seconded, it was VOTED to contract for services with W. McEachern General Contracting at an estimated cost of $220,000 as the lowest responsive, responsible bidder, subject to a guarantee by McEachern Contraction of an agreed upon completion date. January 23, 2007 Administration Building: Charles Passios reviewed the proposal submitted by W. McEachern General Contracting which was presented, accepted and voted at the January 9th Land Bank meeting and reported that after further discussion of the project specifications with Mr. McEachern he was able to offer a cost proposal of $205,000. Upon a motion made and duly seconded, it was VOTED to contract for services with W. McEachern General Contracting at an estimated cost of $205,000 as the lowest responsive, responsible bidder, subject to a guarantee by McEachern Contracting of an agreed upon completion date. January 9, 2007 2007 Miacomet Golf Course Budget Review and Discussion: Charlie Passios presented the draft 2007 revised budget for the Commission's review. The budget being revised in that the budget currently before the Land Bank is not the draft version which was originally mailed to the Commissioners. Mr. Passios presented detailed explanations for the amounts budgeted for operational income, expenses and capital projects. Concerns and questions raised by Commissioners Holdgate and Bartlett were addressed. Commissioner Johnson initiated a discussion regarding staff hierarchy and management structure and Commissioner Stackpole asked questions regarding revenue projections and additional staffing. After a lengthy discussion including a question and answer review, upon a motion made and duly seconded, it was VOTED to approve the budget as presented subject to review by the Director upon his return. January 23, 2007 Miacomet Golf Course - 2007 Budget Discussion: As requested, Charlie Passios presented the draft 2007 revised budget for the Commission's review. The budget currently before the Land Bank is not the draft version which was voted for approval at the January 9th Land Bank meeting. Mr. Passios presented detailed explanations for the amounts budgeted for operational income, expenses and capital projects. Concerns and questions raised by the Commissioners were addressed. After a lengthy discussion including a question and answer review, upon a motion made and duly seconded, it was VOTED to rescind the January 9, 2007,vote to approve the budget and to approve the revised budget as presented. REGULAR BUSINESS: February 23, 2007 2007 Annual Town Meeting Update: The Director provided an update on the Land Bank's Town Meeting articles and informed the Commission that he will be meeting with the Finance Committee to discuss an article seeking the full faith and credit of the town to help secure a more favorable rate on a Land Bank bond issuance. After a lengthy discussion, upon a motion made and duly seconded, it was VOTED to increase the bond issuance amount from 30 million dollars to 35 million dollars. FINANCIAL BUSINESS: January 9, 2007 Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to approve and execute the January 9,2007, warrant document in the amount of $88,829.01 to be provided to the county treasurer. MONTHLY TRANSFER STATISTICS FISCAL YEAR 2006 FY06 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received . Jul-05 83 36 47 $84,966,423 $84,366,423 $1,691,900 Aug-05 92 45 47 $79,297,377 $78,447,377 $1,574,140 Sep-05 131 48 83 $170,977,147 $155,677,147 $3,113,343 Oct-05 120 35 85 $176,148,013 $171,285,209 $3,429,117 Nov-05 91 48 43 $75,391,500 $74,591,500 $1,495,630 Dec-05 148 110 38 $79,616,375 $65,841,375 $1,335,445 Jan-06 106 59 47 $105,705,774 $104,705,774 $2,094,115 Feb-06 87 54 33 $52,792,786 $51,532,000 $1,038,640 Mar-06 104 63 41 $81,793,500 $80,393,500 $1,607,870 Apr-06 78 44 34 $73,440,925 $69,424,975 $1,388,500 May-06 96 50 46 $91,696,267 $90,991,600 $1,821,832 Jun-06 79 39 40 $78,671,608 $77,871,608 $1,557,432 .. . ............. . t8R~&$~:q~ Average Low High ...:...::':~!5,~.:.:,.,:,.,.,. 101 78 148 :H413S:H .......... . .......... . 53 35 110 . . . . ..:::.:::::':::$~?4~~$$~~$~::.::::::$7ffl~;44$;9q$:::::::'::::::$i:$:;7?~;@~q $95,874,808 $92,094,041 $1,845,664 $52,792,786 $51,532,000 $1,038,640 $176,148,013 $171,285,209 $3,429,117 MONTHLY TRANSFER STATISTICS FISCAL YEAR 2007 FY07 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul-06 66 34 32 $65,734,501 $64,334,501 $1,286,690 Aug-06 75 49 26 $48,890,581 $46,838,137 $938,763 Sep-06 76 37 39 $107,911,581 $106,311,581 $2,137,232 Oct-06 97 58 39 $91,989,800 $77,540,800 $1,558,816 Nov-06 90 50 40 $82,332,701 $80,332,701 $1,610,654 Dec-06 118 81 37 $37,325,299 $35,325,299 $711,098 Jan-07 91 50 41 $80,227,513 $78,730,747 $1,575,890 Feb-07 49 39 10 $20,137,833 $19,337,833 $455,339 Mar-07 Apr-07 May-07 Jun-07 ... . . . . . . . . . . . . . . . . . :T8RPf$$.:qf: Average Low High . . . . . . . . . . . ......... . H:ea2H .......... . ......... . . . . . . . . . . 83 49 118 : ,:.:..::::.:::.~~~:::::.:::::.'i:i:i~$.4:i.::.:':::::':.:':i:;$$~4;~4~~$.1P:::::i::.$.~P~;7~1i;~9Q::.:::.:i:::.::$.1ip';?74i4$J: 50 33 $66,818,726 $63,593,950 $1,284,310 34 10 $20,137,833 $19,337,833 $455,339 81 41 $107,911,581 $106,311,581 $2,137,232 MONTHL Y UNAUDITED MINUTES Nantucket Land Bank Commission Regular Meeting of March 13, 2007 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:00 P.M. PRESENT: Holdgate, Johnson, Reinhard, Stackpole. ABSENT: Bartlett. A. PROPERTY MANAGEMENT: I. Sconset Beach Preservation Fund Request: Town Administrator Libby Gibson, members of the Nantucket Board of Selectmen Whitey Willauer, Catherine Stover and Michael Kopko and representatives for the Sconset Beach Preservation Fund (SBPF), William F. Hunter, Esq., Cheryl Bartlett and Epsilon Project Manager Les Smith were present. Also present were concerned citizens Arthur Gasparo, Rick Atherton and Emily Molden, Research Conservationist for the Nantucket Land Council. Chairman Willauer opened discussions regarding SBPF's request that the Nantucket Land Bank and the Nantucket Board of Selectmen assent to its filing a Notice of Intent (NOI) with the Nantucket Conservation Commission and a Chapter 91 Permit Application with the Department of Environmental Protection seeking permits for a beach nourishment project which, if permitted, would include various Land Bank properties along the shoreline from Sesachacha Pond to Low Beach. Chairman Willauer informed the Land Bank Commissioners that the Town has hired a consultant to evaluate the environmental impact of the project and stated that the Selectmen are in the process of negotiating terms and conditions which he believes would be required of SBPF prior to the Selectmen assenting to the Chapter 91 Application. Arthur Gasbaro presented copies of a plan of the affected waterway areas and an SBPF invitation, which has been widely circulated, to attend a project presentation on March 15th and read aloud portions of the invitation which identified the proposed nourishment project as "one of the largest proposed in recent history in New England". Mr. Gasparo stated that he was particularly concerned about the 200 acre dredge site area which is located within the three mile limit, potential impact to the environment and area fishing and urged the Selectman not to sign the applications until the report from the Town's consultant has been received and can be reviewed. Emily Molden presented copies of correspondence dated January 19,2007, from Cormac Collier, Executive Director of the Nantucket Land Council, to the Executive Office of Environmental Affairs (EOEA), MEPA Office, commenting on SBPF's Final Environmental Impact Report (FEIR) and detailing their remaining concerns as expressed in letters from Land Council consultants, Applied Coastal Research and Engineering, Inc. and Paul Martin of TRC Environmental Corporation, copies of which were also provided. Land Bank Director Eric Savetsky posed questions regarding the ability of the Land Bank to withdraw its assent to the application during the Conservation Commission permitting process. Land Bank Commission March 13,2007 Page 3 No. 27773 Iliya Simeonov No. 27786 Johanna Richard and Blake Richard 2. "M" Exemption Update: a. Five- Year Ownership Compliance and Releases of Liens - No. 21576 Teal D. Beal and Ronald F. Beal, Jr.: The Commission authorized the issuance of Releases of Lien as a result of the purchasers fulfilling all of the requirements of Section 12, subsection (-m-). b. Two- Year Domicile Compliance Discussion - No. 25500 Michaela E. Smith: The Commission reviewed correspondence from the purchasers explaining the circumstances which have prevented Ms. Smith from complying with the domicile requirement of the "M" exemption. Based upon the information provided by the purchasers and upon a finding of extraordinary circumstances, upon a motion made and duly seconded, it was VOTED to grant a one-year extension or in the alternative to waive the interest and penalty on the fee which would become due should she be unable to domicile. The circumstances were extraordinary in that Michaela Smith could not have foreseen her inability to establish her domicile at the property. At the time of purchase Ms. Smith had intended to make the property her residence but instead decided to continue her education and go to medical school. c. Adjustment Paid - Release of Lien - No. 24281 Carol A. Surface: Ms. Hunter informed the Commission that Carol A. Surface has paid the outstanding Land Bank fee and interest due pursuant to the Land Bank's Determination and Decision on its Notice of Assessment dated November 15, 2006. Accordingly, upon a motion made and duly seconded, it was VOTED to execute a Release of Lien to be provided to Ms. Surface. F. FINANCIAL BUSINESS: I. Monthly Transfer Statistics: The February 2007 transfer statistics were presented. 2. Warrant Authorization - Cash Disbursement: Upon a motion made and duly seconded, it was VOTED to approve and execute the March 13,2007, warrant document in the amount of $156,079.81 to be provided to the county treasurer. G. REGULAR BUSINESS: I. Ratify and Confirm All 2007 Votes: Ms. Hunter informed the Commission that the first three meetings of the new year had been held but had not been posted. A complete listing of all actions taken by the Land Bank Commission at those meetings was distributed for review. Upon a motion made and duly seconded, it was VOTED to ratify and confirm all votes taken at the meetings of January 9, 2007, January 23,2007, and February 13,2007, as presented, and as attached hereto. H. PROPERTY MANAGEMENT: 1. Property Management Update: The Director summarized property management staff's proposal to hire an additional part-time employee this summer. Upon a motion made and duly Land Bank Commission March 13,2007 Page 5 Land Bank Chairman Kenneth Holdgate asked Margaret Bergman, a reporter in attendance for the Inquirer & Mirror, to encourage the public to attend the hearings, to stay informed and to actively participate in the permitting process. I. EXECUTIVE SESSION: Upon a motion made and duly seconded, it was VOTED to go into Executive Session. Each member was polled individually. All members voted yes. The Chairman noted that the Commission would reconvene into regular session and that the purpose of going into executive session was to discuss matters related to land acquisition. RETURN TO OPEN SESSION ADJOURNMENT: Upon a motion made and duly seconded, it was VOTED to adjourn at 7:50 P.M. Attested to: Accepted, Approved, and Released y the VOTE of the Commission this 13th day of April 2007. ~-~A.~ Kenneth W. Holdgate, Jr ha' an January 9, 2007 Backus Lane - Notice oflntent Update: Upon a motion made and duly seconded, it was VOTED to ratify and confirm prior action by the Director authorizing the Conservation Commission to review an application submitted by Gale Associates regarding the proposed High School ball-fields and to file on behalf ofthe Land Bank without endorsement of the project or authorization to perform work on Land Bank property. January 23, 2007 2007 Work Plan Presentation: Mr. Pollock presented the Property Management Task List which itemized and prioritized 2007 projects for Land Bank properties. After a discussion, upon a motion made and duly seconded, it was VOTED to approve the task list as presented. January 23, 2007 Maxcy Pond Easement Discussion: The Commission re-considered its decision to install fencing along the eastern edge of the public access way to the original settlers' burial ground. The Commission determined to put the fencing project on hold and to ask staff to seek additional information about the easement rights in the way. Upon a motion made and duly seconded, it was VOTED to mow the path from the parking area to the burial ground and to improve the parking area. February 13, 2007 Hemeon House Relocation Request: The Director reported that requests for receiving the Hemeon house for removal have been received from the Nantucket Housing Authority, Frances McCarthy and Chip Webster. Upon a motion made and duly seconded, it was VOTED to offer the Hemeon house to the applicants in the above listed order subject to the recipient's ability to have the house relocated by the summer season. February 13, 2007 Equipment Request - Brushcutter: The Director presented a request from property management staff to exchange the flail mower for a Bobcat brush-cutter attachment at an estimated additional cost of $2,800. Upon a motion made and duly seconded, it was VOTED to approve the request as presented. February 13,2007 Wanoma Way - Beach Stairs Discussion: The Director informed the Commission of an offer from abutter Frank Matarazzo? to pay for the construction and installation of stairs at the Land Bank's Tom Nevers beach property. Upon a motion made and duly seconded, it was VOTED to accept the offer as presented. February 13, 2007 Ladies Beach - Wedding Request: The Commission considered a request from Stephany Goldsmith to hold a wedding ceremony for ten people and reception for fifty people at . Ladies Beach on September 8t\ 2007, with a tent and non-amplified music. Upon a motion made and duly seconded, it was VOTED to approve the request as presented subject to the appropriate cleanup and that all parking is kept to one side of the property. PROPERTY MANGEMENT - MIACOMET GOLF: January 9, 2007 Member Request - Leave of Absence: Charlie Passios presented a request from Miacomet Golf Club member, Robert Cameron to extend his medical leave of absence for an additional year. Upon a motion made and duly seconded, it was VOTED to approve the request. January 9, 2007 Administration Building: The Commission reviewed revised plans for the renovation of the Miacomet Golf Club administration building and discussed proposals submitted by Blue Star Construction and W. McEachern General Contracting which were presented at the December 26th Land Bank meeting. After a discussion of revisions and the proposals as revised, January 23, 2007 Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to approve and execute the January 23,2007, warrant document in the amount of$148,681.98 to be provided to the county treasurer. February 13, 2007 Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to execute the February 13,2007, warrant document in the amount of $175,399.59 to be provided to the county treasurer. TRANSFER BUSINESS: January 23, 2007 Notice of Assessment Update - No. 26973 Matthew W. McManus and Jennifer McManus: Ms. Hunter summarized the transfer and the circumstances which lead to the October 2, 2006, Notice of Assessment against the purchasers and summarized correspondence from the attorney for the McManuses, Mark S. Haltzman. Upon a motion made and duly seconded, it was VOTED to instruct staff to inform Attorney Haltzman that since his clients had not requested a hearing within 30 days of the mailing of the notice of assessment, they have lost their right to a hearing or further appeal accordingly the Land Bank fee of $7,575 plus interest and penalty are now due and payable. In the interest of promptly resolving the matter, upon a motion made and duly seconded, it was VOTED to waive the interest and penalty provided that the outstanding fee is paid within 30 days and a mutual release is executed. February 13,2007 Transfer Discussion - No. 27725, Meredith Martin: Ms. Hunter summarized the transfer and informed the Commission that Meredith Martin had erroneously claimed exemption from the fee as a transfer eligible for the "M' first time buyer's exemption since Ms. Martin has previously owned property. The Commission reviewed correspondence from the purchaser's attorney, Rhoda H. Weinman, Esq., explaining the circumstances which caused the error and asking the Commission to allow Ms. Martin 120 days to pay the fee and seeking a waiver of the interest and penalty. Based upon the extraordinary circumstances which prevented the purchaser from discharging the full Land Bank fee at the time of transfer, upon a motion made and duly seconded, it was VOTED to approve the request as presented. February 13, 2007 TRANSFER HEARING DECISION - No. 24281, Carol A. Surface: Pursuant to the requirements of Massachusetts General Court Acts of 1983, Chapter 669 (the "Act"), as amended, Section 14 (a) after a discussion ofthe matter, a review of the proposed decision and determination, and after a hearing held 4:00 P.M., Tuesday, January 27, 2007, and continued to 4:00 P.M., Tuesday, February 13,2007, at the Land Bank Meeting Room, 22 Broad Street, Nantucket, the Commission entered a decision and determination. Upon a motion made and duly seconded, it was VOTED that the Decision and Determination as presented are consistent with the instructions provided to counsel by the Commission and therefore it was accepted as presented. A copy of the signed Decision and Determination shall be attached to the minutes of this meeting and incorporated therein by reference. The vote was unanimous. TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of March 27, 2007 I. "M" Exemption Update: a. Release of Lien Adjustment Paid: No. 25535 Michael J. Alpert b. Five-Year Ownership Compliance and Releases of Lien No. 21710 Sean McMahon No. 21712 Marc J. Gazaille No.21751 Scott E. Corry and Lori L. Corry c. Applicability of "M" Exemption: No. 27135 Gretchen S. Buchmann and Aaron J. Hull