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AGENDA
Nantucket Land Bank Commission
Regular Meeting of April 22, 2008
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER
EXECUTIVE SESSION
Minutes of the regular meetings of March 25, 2008 and April 8, 2008
A. CITIZEN BUSINESS/ANNOUNCEMENTS
B. PROPERTY MANAGEMENT
1. Miacomet Golf Course
C. TRANSFER BUSINESS
D. FINANCIAL BUSINESS
1. Monthly Transfer Statistics
2. Monthly Financial Report
3. Warrant Authorization - Ratify & Confirm 4/11/08 Warrant
4. Warrant Authorization - Cash Disbursements
E. PUBLIC NOTICE REVIEW
ADJOURNMENT
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MINUTES
Nantucket Land Bank Commission
Regular Meeting of April 22, 2008
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 P.M.
PRESENT: Bartlett, Gardner, Johnson, Reinhard, Stackpole. ABSENT: None.
A. 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
Minutes of the regular meetings held March 25,2008 and April 8, 2008: Upon a motion made and
duly seconded, it was VOTED to accept, approve, and release the minutes of March 25, 2008, and
April 8, 2008, as written.
B. CITIZEN BUSINESS/ANNOUNCEMENTS: None.
C. PROPERTY MANAGEMENT:
1. Miacomet Golf Course:
a. Financial Report: Charlie Passios provided account balances, receivables and payables to
date, and reported that the March 2008 balance sheet and profit and loss comparison will be provided
when the audit is complete.
b. Membership Update: Mr. Passios presented previously approved requests for the
Commission's confirmation including a leave of absence request from Dick Hicks and a single
membership change from Nancy Sharigan to her husband Herbert Richman. Upon a motion made
and duly seconded, it was VOTED to ratify the previously authorized requests as presented.
c. Membership Discussion: Mr. Passios reviewed the current status of memberships and
recommended filling the present 16 vacant slots and an additional 2 outstanding slots if available.
Upon a motion made and duly seconded, it was VOTED to fill the slots as recommended,
maintaining the ratio of one year-round resident to one seasonal resident.
d. Renovations Update: Mr. Passios provided an update on the 9-hole renovation and golf
cart path and patio project, and discussed the anticipated reopening of the Golf Shop pending receipt
of a certificate of occupancy.
e. Employee Benefits Discussion: Mr. Passios indicated that employees will now have the
option to buy into a Section 125 plan pursuant to the Massachusetts Health Initiative.
Land Bank Commission
April 22, 2008
Page 2
f. Golf Club Restaurant Update: Following a discussion on deck furniture, Mr. Passios
recommended purchasing eight 36" square tables and 32 chairs at an estimated cost of $4,200
including shipping. Upon a motion made and duly seconded, it was VOTED to approve the request
as presented.
D. TRANSFER BUSINESS:
1. Transfer Record Nos. 28904 through 28962: The Commission reviewed transfers for the
period of March 1,2008, through March 31,2008.
a. Current "M" Exemptions and Liens: 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. 28945 Miroslava Bartkova
No. 28953 Timothy Shea
b. Additional Information Not Provided: The Commission asked staff to request additional
information to support the purchasers' claim to an exemption from the Land Bank fee for the
following transfers:
No. 28905 R&D Realty Trust
No. 28946 15 Irving Street Realty Trust
No. 28960 3 Wamasquid Place Realty Trust
2. Transfer Update:
a. Additional Information Provided - No. 28897 Luke Thornewill and Caroline S.
Thornewill: The Commission found the transfer to be in order based upon the additional information
provided by the purchasers' representatives.
b. Transfer Discussion - No. 28598 Michael W.C. Emerson: Ms. Hunter provided an
update of the correspondence between Land Bank counsel and the purchaser's representative to
obtain additional information to support the "j" exemption claimed at the time of the transfer.
3. "M" Exemption Update:
a. Two-Year Domicile Non-compliance Discussion - No. 26067 Donna Wyland: The
Commission accepted payment of the fee and accrued interest and considered a request for a waiver
of the penalty. After a discussion, the Commission determined to deny the request and require
payment of the penalty in full.
b. Five-Year Ownership Compliance - Releases of Liens: Upon a motion made and duly
seconded, it was VOTED to authorize the issuance of Releases of Liens for the following transfers as
a result of the purchasers fulfilling all of the requirements of Section 12, subsection (-m-):
Land Bank Commission
April 22, 2008
Page 3
No. 22999 Carolyn J. Paris
No. 23005 Nathan B. and Karen B. McMullen
E. FINANCIAL BUSINESS:
1. Monthly Transfer Statistics: The March 2008 transfer statistics were presented to the
Commission.
2. Monthly Financial Report: The Commission accepted the March 2008 financial report
including the balance sheet and income statement.
3. Warrant Authorization - Ratify and Confirm Warrant: Upon a motion made and duly
seconded, it was VOTED to ratify and confirm the April 11, 2008 warrant in the amount of $1 ,800 to
be provided to the county treasurer.
4. Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it
was VOTED to approve and execute the April 22, 2008 warrant document in the amount of
$226,147.16 to be provided to the county treasurer.
F. REGULAR BUSINESS:
1. Public Notice Review: The Director reviewed notices received since the last review. No
action was taken.
G. PROPERTY MANAGEMENT:
1. Lily Pond Property - Blair House Relocation Update: Mr. Perry provided an update on the
removal of the Hemeon house and the relocation of the Blair House, including scheduling issues and
foundation construction.
2. Wolfe Relocation: Mr. Perry reported that the Wolfe house is tentatively scheduled to be
relocated by the end of May.
ADJOURNMENT: Upon a motion ma and duly seconded, it was VOTED to adjourn at 5:51 P.M.
1/1, I
Attested to: / (\)
Accepted, Approved, and Released by the VOTE of
the Commission this 13th day of May, 2008.
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of April 22, 2008
1. Review Transfer Record Nos. 28904 through 28962
a. Current "M" Exemptions and Liens:
No. 28945 Miroslava Bartkova
No. 28953 Timothy Shea
b. Additional Information Not Provided:
No. 28905 R&D Realty Trust
No. 28946 15 Irving Street Realty Trust
No. 28960 3 Wamasquid Place Realty Trust
2. Transfer Update:
a. Additional Information Provided:
No. 28897 Luke Thornewill and Caroline S. Thornewill
b. Transfer Discussion:
No. 28598 Michael W.C. Emerson
3. "M" Exemption Update:
a. Two-Year Domicile Non-compliance Discussion:
No. 26067 Donna Wyland
b. Five-Year Ownership Compliance - Releases of Liens:
No. 22999 Carolyn J. Paris
No. 23005 Nathan B. and Karen B. McMullen