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Home My WebLink About2008-05-13 AGENDA Nantucket Land Bank Commission Regular Meeting of May 13,2008 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER A. EXECUTIVE SESSION B. CITIZEN BUSINESS/ANNOUNCEMENTS '-4 C,I. C. MINUTES OF THE REGULAR MEETING OF APRIL 22, 2008 D. PROPERTY MANAGEMENT I. Fair Street Property - Landscape Design Presentation 2. Nobadeer Farm Road Property - Ballfields Permitting Update 3. Miacomet Golf Course - Driving Range 4. Ladies Beach/Smooth Hummocks Properties - Road Improvements 5. Burchell Property - Use Request 6. Nantucket Biodiversity Initiative Request E. TRANSFER BUSINESS F. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization - Cash Disbursements 3. Warrant Authorization - 2007 Series A Bond Interest Payment G. REGULAR BUSINESS 1. Annual Election of Officers 2. Community Preservation Committee - Land Bank Member Appointment H. PUBLIC NOTICE REVIEW ADJOURNMENT g ::::: := -< N N a o o \.0 MINUTES Nantucket Land Bank Commission Regular Meeting of May 13,2008 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:05 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 land acquisition matters. RETURN TO OPEN SESSION B. CITIZENS BUSINESS/ANNOUNCEMENTS: 1. Tuckernuck Citizens Concerns: A number of citizens including Bam LaFarge, Mimi LaFarge, Ruth Grieder, and Dr. Tristram Dammin were in attendance to express their concerns over the potential Land Bank acquisition of property on Tuckernuck. 2. Lappin Property Brush Fire: The Director presented a letter from Fire Chief Mark C. McDougall thanking the Nantucket Healthlands Partnership for its prompt response to the Land Bank's Lappin property brush fire of April 24, 2008 and commending the crew for its dedication to public safety. C. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was VOTED to accept, approve, and release the minutes of April 22, 2008, as written. D. PROPERTY MANAGEMENT: 1. Nobadeer Farm Road Property - Ballfields Permitting Update: Mr. Perry provided a permitting update for the ballfields at the Land Bank's Nobadeer Farm Road property including mitigation requirements and presented a request to contract for archeology and surveying services in order to proceed with the permitting process totaling approximately $19,000. Upon a motion made and duly seconded, it was VOTED to approve the requests as presented. 2. Fair Street Property - Landscape Design Presentation: David Bartsch and Mike Radner of Bartsch & Radner Design, Inc. were in attendance to present concept design plans and preliminary construction budgets for site improvements at the Land Bank's Fair Street property. After a discussion, upon a motion made and duly seconded, it was VOTED to move forward with design and permitting of concept number SD- 7. 3. Miacomet Golf Course - Driving Range: Mr. Perry discussed permitting and mitigation for the expansion of the Miacomet Golf Course driving range and presented a request to contract services for the survey of plants within the expansion area from Rachel Freeman at a rate of $60 an hour. Upon a motion made and duly seconded, it was VOTED to approve the request as presented. Limd Bank Commission May 13,2008 Page 2 4. Ladies Beach / Smooth Hummocks Properties - Road Improvements: The Commission considered estimates for the grading, fill and drainage repairs to the roads at the Land Bank's Smooth Hummocks property as follows: T.C.E. L.L.C. P.M. Reis Trucking Inc. $23,600 $ 4,200 Upon a motion made and duly seconded, it was VOTED to contract services from P.M. Reis Trucking Inc. at an estimate of $4,200 as presented. 5. Burchell Property - Use Request: The Commission considered a request from Donald Dimock for permission to move a house across the Land Bank's Burchell property to Mizzenmast Road. Upon a motion made and duly seconded, it was VOTED to approve the request as presented under the condition that trees and shrubs are replaced and plywood is used to prevent wheelruts. 6. Nantucket Biodiversity Initiative Request: Mr. Perry presented a request for an annual contribution to the Nantucket Biodiversity Initiative of$I,OOO and informed the Commission that the initiative is hosting events drawing off-island researchers and scientists during the week of May 25th and invited the Commission to participate. Upon a motion made and duly seconded, it was VOTED to approve the annual contribution as presented. E. TRANSFER BUSINESS: 1. Transfer Record Nos. 28963 through 29023: The Commission reviewed transfers for the period of April 1, 2008, through April 30, 2008. a. Cmrent "M" Exemption - No. 29008 Scott Cary Akins: The Commission authorized placing a lien against the property as a result of the purchaser claiming the "M" exemption as a first time buyer of real property. b. Additional Information Not Provided: The Commission asked staffto request additional information and/or documentation to support the purchasers' claim to an exemption from the Land Bank fee for the following transfers: No. 28993 Benjamin P. Moore and Nell A. Van Vorst No. 29004 The Sally E. Fogg Trust c. Purchase Price Verification - No. 28980 Surfs ide Nantucket Partners LP: The Commission asked staff to request additional documentation to verify the stated purchase price on Land Bank Form A. 2. Transfer Update: a. Adjustment Paid Penalty Received - No. 28693 Brent B. Young: The Commission found the transfer to be in order based upon receipt of the outstanding penalty. Land Bank Commission May 13,2008 Page 3 F. FINANCIAL BUSINESS: I. Monthly Transfer Statistics: The April 2008 transfer statistics were presented. 2. Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to approve and execute the May 13, 2008, warrant document in the amount of $221,249.95 to be provided to the county treasurer. 3. Warrant Authorization - 2007 Series A Semi-Annual Bond Payment: Upon a motion made and duly seconded, it was VOTED to execute the May 13,2008,2007 Series A Semi-Annual Bond Interest Payment warrant to be provided to the county treasurer in the amount of$318,084.38. G. REGULAR BUSINESS: 1. Annual Election of Officers: Upon a motion made and duly seconded, it was VOTED to unanimously elect the following officers of the Land Bank Commission: John J. Stackpole, Chairman Leslie B. Johnson, Vice Chairman Allen B. Reinhard, Secretary Philip D. Bartlett, Treasurer Robert L. Gardner, Vice Secretary, Vice Treasurer 2. Community Preservation Committee - Land Bank Member Appointment: Upon a motion made and duly seconded, it was VOTED to appoint Polly Miller as the Land Bank representative to the Community Preservation Committee for one year and asked that she periodically update the Commission on c.P.C. matters. 3. Regular Meeting of May 27,2008 Rescheduling: Upon a motion made and duly seconded, it was VOTED to cancel the regular meeting of May 27, 2008, to reschedule the meeting for May 21, 2008 and asked staff to post the changes accordingly. H. EXECUTIVE SESSION: Upon a motion made and duly seconded, it was VOTED to go into Executive Session. Each member was polled individually. All members voted yes. The Chairman noted that the Commission would reconvene into regular session and that the purpose of going into executive session was to discuss matters related minutes and land acquisition. RETURN TO OPEN SESSION Land Bank Commission May 13,2008 Page 4 ADJOURNMENT: Upon a motion made and duly seconded, it was VOTED to adjourn at 6:47 P.M. Attested to: Accepted, Approved, and Released by VOTE of the Commission this 21 st day of May 2008. John J. StackP~1 g$~ J :M~NIH.~mOOBeI~rnfJ:I~,m~1J.$.;11J.Y~:ff!IRl;ff:iiooIIBg99~:::::::::i::::::::ii'.:: "'.".". . .....", .... .... ......-......... ;:;:::::::::::::::;:;:::;:;:::::::::::::::::::. .... "', ....:.;::.................::.:'::::::::::::::::::::::::;:::::::::::::;:;:::::::::;:;:;:;:: ....... .;.;.;.;.;.;.:<<<.;.;.;.;.;.:.:<.:.;.;.:.;.;.;.;.:.;.;.;.>:.:.:.:.;.:.:.:-:.:.:-........ 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 90 45 45 $75,366,310 $74,006,310 $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 $888,664 ....-..,-.,.."..",........ . T/:'iRPAegp? Average Low High .. .85....5... .--......... - . .... :::.:::.:;:;:::::::,:::,:;.:,..::.::-::,-:.,:::;.'::: 87 49 118 ..............51..1... .. ::::::::::::::':::::.~<::::: >: :::::," 53 34 81 ..344. :::::</:::.:;;:.::.;:,,:.::::::: 34 10 45 .. ".....'..'$.'.....6..8.1..'..'5...6.'.'8......8.'7...0.. ...'.......-.-.-.-...._-.....".- -' ,'.-.',.',', ,-,- ,.,.. ......,'..,....-.........,'_.,., '.',-.',', . .-.'. ...., ,', ,',', ......- ......- ...,....:..::-:-.::-::::..:':-i.':.::.::-:-.-:-:-:.:i:.:.:.::.-::::.::.:::: $65,090,390 $20,137,833 $107,911,581 .. ..."" ,. '$... .6.4....'4...' '.0..6d.7'.3......2.6. .........-.. -- "... ... . ,"... .. . ~<'~..:.~::-::::::::::::...::,.:::::::.::.::::.:~,.::.:':.::.:;:,::::j:;'::.::::.:-:.;.:.; $61,364,595 $19,337,833 $106,311,581 ...., "'$.. '1. ..'3' "0.. '4'. '8.' '3. .7.1 .' . .. ..- ...... ,.. ',..,.- . ,. ,'". ............. ., ,. ." .' ,.. \:<.<:::,:-:\:,:::::.::::':::,:".:,:::-:..-:-:-.-:i:.::.-:..<.:" $1,242,215 $455,339 $2,137,232 :MYJ~;tJ.iUtf;illR~N$.;g~I::$,1l8m~$ill~Qli:~J$,g,~~f~e.:,?Q:gl:':::::::':,:::::::i}U":::::::::::::i:':::::::i'.::::::::::i"':':::::::::::::i:,'i:::::::::::.::::::i::::,:::::::::,:i:.ii::,:iiiii:,:::.ii,i:i:.:ii::: FY08 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul-07 74 42 32 $51,678,861 $49,178,861 $987,577 Aug-07 120 73 47 $128,722,279 $120,670,279 $2,424,906 Sep-07 104 50 54 $111,793,300 $104,773,300 $2,099,466 Oct-07 105 56 49 $106,491,448 $101,741,448 $1,846,289 Nov-07 94 58 36 $72,763,084 $70,196,084 $1,404,462 Dec-07 87 70 17 $49,273,500 $46,623,500 $940,470 Jan-08 81 46 35 $71,587,030 $68,587,030 $1,389,068 Feb-08 68 44 24 $42,748,590 $42,348,590 $858,972 Mar-08 59 38 21 $40,306,700 $39,606,700 $794,934 Apr-08 61 37 24 $36,321,250 $35,921,250 $722,425 May-08 Jun-08 ......... , .1~ :<$01' .. ........... ,. Average 85 51 34$71,168,604 $67,964,704 $1,346,857 Low 59 37 17 $36,321,250 $35,921,250 $722,425 High 120 73 54 $128,722,279 $120,670,279 $2,424,906 I I MONTHL Y (UNAUDITED) TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of May 13,2008 1. April 2008 Transfers - Record Nos. 28963 through 29023: a. Current "M" Exemptions: No. 29008 Scott Cary Akins b. Additional Information Not Provided: No. 28980 Surfside Nantucket Partners LP No. 28993 Benjamin P. Moore and Nell A. Van Vorst No. 29004 The Sally E. Fogg Trust 2. Transfer Update: a. Adjustment Paid - Penalty Received: No. 28693 Brent B. Young