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Home My WebLink About2007-09-11 TC-- AGENDA Nantucket Land Bank Commission Regular Meeting of September 11, 2007 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER Minutes of the regular meeting August 28,2007 A. CITIZEN BUSINESS/ANNOUNCEMENTS B. PROPERTY MANAGEMENT I. Miacomet Golf Course C. TRANSFER BUSINESS D. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization - Cash Disbursements E. REGULAR BUSINESS 1. Public Notice Review ?C00 SEP 26 '0114:31 N~V'\ . --- lowV' k ~v F. PROPERTY MANAGEMENT I. Green/Codfish Park Property Request 2. Dias/Pilot Whale Drive Property - Encroachment Matter 3. Bartlett Road Property - Use Request 4. Nobadeer Farm Road - Ballfield Project Discussion 5. Lily Pond Property - Blair House Move EXECUTIVE SESSION ADJOURNMENT Land Bank Commission _ September 11, 2007 Page 2 2. Transfer Update: a. Form B and Additional Information Provided - Earle T. Craig and James E. Craig: Based upon the information submitted, the Commission found the transfer to be in order. b. Litigation Closed - No. 24457 and 24458 Bahig F. Bishay and Mary T. Costello; and Bahig F. Bishay, Trustee of Monohansett Realty Trust: Ms. Hunter informed the Commission that despite Mr. Bishay's threat to appeal the court's decision on the matter, he never actually appealed, so the litigation is closed due to his inaction. 3. "M" Exemption Update: a. Two-Year Domicile Noncompliance Fee Paid - No. 26013 Caroline Reilly and Aisling L. Glynn: Ms. Hunter summarized the transfer and the circumstances which prevented the purchasers from becoming domiciled at the property. Based upon Ms. Glynn's explanation, prompt response to the matter and timely payment of the Land Bank fee which became due as a result of events which she could not have foreseen at the time of purchase, it was VOTED to accept payment of the fee, to accept future payment of the accrued interest through September 11, 2007, and to waive the penalty. D. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: The August 2007 transfer statistics were presented to the Commission. 2. Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to execute the September 11,2007, warrant document in the amount of $63,807.71 to be provided to the county treasurer. E. REGULAR BUSINESS: 1. Public Notice Review: The Director reviewed public notices received since the last review. No action was taken. F. PROPERTY MANAGEMENT: 1. Greene/Codfish Park Property Request: The Director informed the Commission that the septic system for the house owned by the abutter, Wade Greene, is actually located on Land Bank property and that Mr. Greene's attorney, Melissa Philbrick, has asked the Commission to allow the continued use of the existing system. Discussion followed. The Commission was generally in favor of granting the request for as long as the house is in existence (no future expansion) subject to the parties entering into a non-recorded licensing agreement satisfactory to Land Bank counsel and the Commission. 2. Dias/Pilot Whale Drive Property - Encroachment Matter: Mr. Perry reported that Mr. Travaglione's attorney has suggested that his client may be amicable to settling the matter prior to the pre-trial hearing scheduled for next week. Based upon a review of total costs associated with the lawsuit itj(" CAL06 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jan-06 106 59 47 $105,705,774 $104,705,774 $2,094,115 F eb-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 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 THRUAUG 06 691 392 299 598,725;941 586;092;095 11,7'3:3,842 Average 89 52 38 $76,523,777 $73,800,206 $1,479,303 Low 66 34 26 $37,325,299 $35,325,299 $711,098 High 118 81 47 $107,911,581 $106,311,581 $2,137,232 I ~r.I CAL07 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received 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 90 45 45 $75,366,310 $74,206,310 $1,543,701 Apr-07 103 68 35 $71,652,750 $61,309,417 $1,230,188 May-07 74 47 27 $51,842,265 $48,277,265 $969,545 Jun-07 116 78 38 $47,673,543 $44,030,543 $888,664 Jul-07 74 42 32 $51,678,861 $49,178,861 $987,577 Aug-07 120 73 47 $128,722,279 $120,670,279 $2,426,406 Sep-07 Oct-07 Nov-07 Dec-07 THRU AUG 07 717 442 275 $527,301,354 $495,741,254 $10,077,311 Average 90 55 34 $65,912,669 $61,967,657 $1,259,664 Low 49 39 10 $20,137,833 $19,337,833 $455,339 High 120 78 47 $128,722,279 $120,670,279 $2,426,406 MONTHL Y (UNAUDITED) MINUTES Nantucket Land Bank Commission Regular Meeting of September 11, 2007 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:00 P.M. PRESENT: Bartlett, Johnson, Reinhard, Stackpole, Gardner. Commissioner Gardner arrived duringfinancial business. Minutes of the regular meeting held August 28,2007: Upon a motion made and duly seconded, it was VOTED to accept, approve, and release the minutes of August 28, 2007, as written. A. CITIZEN BUSINESS/ANNOUNCEMENTS: None. B. PROPERTY MANAGEMENT: 1. Miacomet Golf Course: a. Golf Operations: Charlie Passios provided an update on operations including course activity, Member Advisory Committee meeting discussions and planning for the 2008 tournament schedule. b. Golf Course Renovation Update: Mr. Passios reported that construction IS underway and on schedule. C. TRANSFER BUSINESS: 1. Transfer Record Record Nos. 28171 through 28244: The Commission reviewed transfers for the period of August 1, 2007, through August 31, 2007. a. Form B Not Provided or Incomplete: The Commission asked staffto request a completed Form B from the following purchaser: No. 28351 Walter J. Lee and Karen S. Lee, Trustees, 13 Midland Avenue Realty Trust b. Additional Information Required: The Commission asked staff to request additional information from the following seller: Nos. 28334 - 28346 Calm Waters Trust c. Current "M" Exemptions: The Commission authorized placing liens against the following properties as a result of the purchasers claiming the "M" exemption as first time buyers of real property: No. 28290 William James Bartleman and Kate E. Bartleman No. 28299 Gerard Clarke and Bess Clarke No. 28316 Peter John Loughman, III and Brianne Cobb Loughman Land Bank Commission September 11, 2007 Page 3 and proposed property restoration the Commission determined to settle the matter subject to Mr. Travaglione's paying restitution to the Land Bank in the amount of$15,000. 3. Bartlett Road Property - Use Request: The Director reported that the Town, by its Board of Selectmen, has asked the Land Bank to enter into a licensing agreement documenting the Commission's assent to allowing mitigation for the Town's bike-path project at the Land Bank's Bartlett Road property. Upon a motion made and duly seconded, it was VOTED to authorize the Director to sign the agreement. 4. Nobadeer Farm Road - Ballfield Project Discussion: Bruce Perry provided an update on recent discussions with project consultant Kelly Cardoza regarding the permitting process and several ideas for mitigation for the project which includes ball fields, paddle courts, bike path, access road and designation of a "future use" area. 5. Lily Pond Property - Blair House Move: Based upon a recommendation by Mr. Perry, upon motion made and duly seconded, it was VOTED to hire a structural engineer to design the foundation plan and move/relocation plan for the Blair house at the Land Bank's Lily Pond property at an estimated cost of$5,600 for design plans and up to $3,200 for permitting and travel. G. 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 m e and duly seconded, it was VOTED to adjourn at 5:42 P.M. Attested to: rl Accepted, Approved, and Released by the VOTE of the Commission this 25th day of September 2007. TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of September 11, 2007 I. August Transfers - Record Nos. 28245 through 28364: a. Form B Not Provided or Incomplete: No. 28351 Walter J. Lee and Karen S. Lee, Trustees, 13 Midland Avenue Realty Trust b. Additional Information Required: Nos. 28334 - 28346 Calm Water Trust c. Current "M" Exemptions: No. 28290 William James Bartleman and Kate E. Bartleman No. 28299 Gerard Clarke and Bess Clarke No. 28316 Peter John Loughman, III and Brianne Cobb Loughman 2. Transfer Update: a. Form B and/or Additional Information Provided: No. 28184 Earle T. Craig and James E. Craig b. Litigation Closed: No. 24457 and 24458 Bahig F. Bishay and Mary T. Costello; and Bahig F. Bishay, Trustee of Monohansett Realty Trust 3. "M" Exemption Update: a. Two-Year Domicile Noncompliance - Fee Paid: No. 26013 Caroline Reilly and Aisling L. Glynn