The URL can be used to link to this page

Home My WebLink About2009-12-08 IG ,. AGENDA Nantucket Land Bank Commission Regular Meeting of December 8, 2009 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER . - 0 ;.0 '~-"1 -,. '_ "..1 '- n ;';.-:" -.,,...... :;:::. ..:f: :z - w 1--" 23 I - (;, 0\ A. EXECUTIVE SESSION B. PROPERTY MANAGEMENT 1. Miacomet Golf Course - Manager's Update C. CITIZEN BUSINESS/ANNOUNCEMENTS D. MINUTES OF THE REGULAR MEETING OF NOVEMBER 24,2009 E. TRANSFER BUSINESS F. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization - Cash Disbursements 3. Warrant Authorization - 2009 Series A Bond Semi-Annual Payment G. REGULAR BUSINESS 1. Annual "M" Exemption Amount Adoption 2.2010 Meeting Schedule Adoption H. PERSONNEL MATTERS 1. Part-Time Office Administrative Assistant - Hiring & Wage Discussion 2. Office Administrator - Salary Discussion 3. Personnel Regulations - Proposed Job Title Revisions I. PROPERTY MANAGEMENT 1. Walker Property - Wilkes Square Discussion 2. Bum Program - Training Opportunity Discussion 3. Ray Property - Boathouse Relocation/Renovation Update 4. Smooth Hummocks Advisory Committee - Annual Meeting Update ADJOURNMENT MINUTES Nantucket Land Bank Commission Regular Meeting of December 8, 2009 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts ...' CALL TO ORDER: 4:02 P.M. PRESENT: Gardner, Johnson, Reinhard, Stackpole. ABSENT: Bartlett. 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 approval of the minutes and land acquisition. Commissioner Bartlett entered the meeting at this time. RETURN TO OPEN SESSION B. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was VOTED to accept, approve and release the regular session minutes of November 24, 2009. C. CITIZEN BUSINESS/ANNOUNCEMENTS: None. D. PROPERTY MANAGEMENT: 1. Miacomet Golf Course - Manager's Update: Alan Costa was in attendance to confirm the previously voted membership rates and fees and to execute the extension of the management agreement for services at the Miacomet Golf Course. 2. Town of Nantucket Beach Management Discussion: Selectman Michael Kopko was in attendance to present the concept of transferring the management needs of town-owned beaches to the Land Bank. The Commission discussed the concept and determined that while the concept has merit careful consideration of the implications would be necessary. E. TRANSFER BUSINESS 1. November 2009 Transfers - Record Nos. 30239 through 30332: a. Current "M" Exemptions and Liens: The Commission authorized placing liens against the following purchasers' property as a result of their claiming the "M" exemption as first-time buyers of real property: No. 30266 Robert A. Buccino and Julie Kingston No. 30282 Maxwell P. Jones and Brenda J. Bierly No. 30285 Aisling L. Cowzer and William S. Cowzer No. 30292 Nathan G. Barber and Beau A. Barber No. 30294 Robert B. D. Heintz and Leisa M. Heintz No. 30321 Jane Stoddard and Thomas P. Heiser, III Land Bank Commission December 8, 2009 Page 2 b. Additional Information Required: The Commission asked staff to request additional information and/or documentation from the purchasers to support the stated purchase price on the following transfers: No. 30242 4 Doc Ryder's Drive Nominee Realty Trust No. 30260 Paul H. McDonnell and Penelope F. McDonnell No. 30279 The Anita L. Rezendes Trust No. 30280 The George J. Rezendes Trust c. Purchase Price Documentation Required: The Commission asked staff to request additional information and/or documentation from the purchasers to support the stated purchase price on the following transfers: No. 30282 Maxwell P. Jones and Brenda J. Bierly No. 30292 Nathan G. Barber and Beau A. Barber 2. Transfer Update: a. Additional Information Provided: Based upon the submission of a satisfactorily completed Form B, the Commission found the following transfers to be in order: No. 30189 Plamen P. Penkov and Mihaela Ivilova No. 30190 Eric Rosenberg and Michele Kolb No. 30191 Norris Realty Trust No. 30204 Newhouse Nominee Trust No. 30212 Sharon K. Horne No. 30213 Acktually Ours 27 Trust b. Purchase Price Documentation Provided: Based upon the submission of the requested documentation in support ofthe stated purchase price, the Commission found the following transfers to be in order: No. 30085 John Kuszpa and Anne P.M. Kuszpa No. 30156 Adam Psichos and Clelia Biamonti No. 30180 127 Cliff Road, LLC No. 30190 Eric Rosenberg and Michele Kolb No. 30195 LLD Realty, LLC c. Litigation Update - No. 26977 Bruce A. Issadore and John Englert: Ms. Hunter provided a summary of recent correspondence between the purchasers and Land Bank counsel Valerie Swett. Upon a motion made and duly seconded, it was VOTED to authorize a settlement amount on the value of the subject property of no less than $3,000,000 to be negotiated after receipt of the contracted appraisal. Land Bank Commission December 8, 2009 Page 3 " d. Hearing Request - No. 30071 Thomas M. O'Connor and Jeremy S. O'Connor: The Commission reviewed a transfer summary and explanation previously provided by electronic correspondence, reviewed staff recommendations, and, upon a motion made and duly seconded, it was VOTED to request submission of the appropriate Land Bank forms and supporting documentation for the exempt transfer of interest within Milestone Road LLC, to request Land Bank forms for the proposed confirmatory deed from Sconset Hydrangeas LLC to Milestone Road LLC (correcting the actual grantee) and to schedule the requested hearing date for January 26,2010. 3. "M" Exemption Update: a. Two-Year Domicile Compliance / Response to Inquiry - No. 28414 Stacy L. Gibbons: Based on the acceptance of documentation submitted by the purchaser's attorney, the Commission found the purchaser to be in compliance with the two-year domicile requirement of the exemption at this time. b. Five-Year Domicile Compliance / Release of Lien - No. 24919 Fanny Elouz: Upon a motion made and duly seconded, it was VOTED to authorize the issuance of a Release of Lien for the above-referenced transfer as a result of the purchaser fulfilling all of the requirements of Section 12, subsection (-m-). F. FINANCIAL BUSINESS 1. Monthly Transfer Statistics: The November 2009 transfer statistics were presented. 2. Warrant Authorization - Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to execute the December 8, 2009 warrant document in the amount of$81,962.40 to be provided to the county treasurer. 3. Warrant Authorization - 2009 Series A Bond Semi-Annual Payment: Upon a motion made and duly seconded, it was VOTED to approve payment and authorize staff to wire the 2009 Series A Semi-Annual Bond Interest Payment in the amount of$179,212.50 from the Land Bank's Collection Account to the Bond Trustee at U.S. Bank. G. PROPERTY MANAGEMENT (continued): 1. Walker Property - Wilkes Square Discussion: Andrew Vorce and D. Anne Atherton were present to discuss planning ideas and opportunities for the Land Bank in the Town's conceptual Wilkes Square, bordered by New Whale Street, Commercial Street, Washington Street and Main Street. H. REGULAR BUSINESS 1. Annual "M" Exemption Amount Adoption: Based upon the current prices for residential real property in the Town and County of Nantucket, upon a motion made and duly seconded, it was VOTED that the value of the "M" exemption shall remain $400,000 for the calendar year 2010. 2.2010 Meeting Schedule: Upon a motion made and duly seconded, it was VOTED to accept and confirm the regularly scheduled Land Bank meeting dates for 2010. Land Bank Commission December 8, 2009 Page 4 I. PERSONNEL MANAGEMENT: 1. Part-Time Office Administrative Assistant - Hiring and Wage Discussion: The Commission reviewed application submissions for the position of Part-Time Office Administrative Assistant. The Director, Ms. Hunter and Ms. Bell reported that interviews had been conducted with three of the most qualified applicants and provided applicant and wage recommendations based on qualifications and experience. Upon a motion made and duly seconded, it was VOTED to offer the position to Susan Campese at the rate of $22.00 per hour with benefits with a potential wage increase after an initial performance review at 8 weeks. Jesse Bell voluntarily left the meeting at this time. 2. Office Administrator Hiring Discussion: Based on a favorable recommendation from the Director, upon a motion made and duly seconded, it was VOTED to offer the position of Office Administrator to Administrative Assistant Jesse Bell and approve an annual salary of $62,800 effective January 1,2010. 3. Personnel Regulations - Proposed Job Title Revisions: The Commission considered the following job title revisions based on changes made to the responsibility and scope of the positions: Administrative Assistant Office Administrator Director to to to Assistant Adminstrator Administrator/Fiscal Officer Executive Director Upon a motion made and duly seconded, it was VOTED to revise the job titles as presented and asked staff to record the changes in the Personnel Rules and Regulations. J. PROPERTY MANAGEMENT (continued): 1. Bum Program - Training Opportunity Discussion: The Director and Resource PlannerlEcologist Bruce Perry presented a volunteer opportunity for property management staff to participate in The Nature Conservancy's bum program in West Texas for two weeks in January, with some provision for meals and lodging by TNC. In order to gain valuable training and experience for the Land Bank's bum program, upon a motion made and duly seconded, it was VOTED to allow property management staff to take advantage of the opportunity. 2. Ray Property - Boathouse RelocationlRenovation Update: Mr. Perry updated the Commission on the status ofthe project and reported that he would come back to the Commission after receiving price estimates for the repositioning and subsequent renovation of the boathouse at the Land Bank's Ray Property. 3. Smooth Hummock Advisory Committee - Annual Meeting Update: The Commission received an update from Mr. Perry on the annual meeting for the Smooth Hummock Advisory Committee and presented details of the funding, monitoring, and research completed forthe 2009 calendar year. Land Bank Commission December 8, 2009 Page 5 . . ADJOURNMENT: Upon a motion made and duly seconded, it was VOTED to adjourn at 6:30 P.M. Attested to: Accepted, Approved, and Released by the VOTE of the Commission this 12h day of January 2010. -M@ITH~!::rnm$FiB!!:ITIIJ,~rn~.!::!I!liglmg!:lgpl::-:'!:::'::::,,!::!!!:!::!::::::::: CAL08 Month Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Average Low High Total Exempt Taxable Transfers Transfers Transfers Total Gross Value ........................................................................................ ............................................. .............................................. ............................................. ................... ..... ............. ..... Gross Value Taxable ::::::;:::::::;:::::::::::::::::;:::;;;::::::::::::::::;::::::::::::-:-:.;.-....... .........................--... ........................-.. ....................... ................... Revenue Received 81 46 35 $71,587,030 $68,587,030 $1,389,068 68 44 24 $42,748,590 $42,348,590 $858,972 59 38 21 $40,306,700 $39,606,700 $794,934 61 37 24 . $36,321,250 $35,921,250 $722,425 98 83 15 $22,986,126 $20,986,126 $466,722 68 41 27 $49,391,772 $46,394,550 $929,891 65 38 27 $47,229,858 $46,335,111 $928,702 63 38 25 $84,318,085 $83,708,085 $1,678,162 76 39 37 $55,282,900 $54,882,900 $1,097,658 68 39 29 $52,249,003 $51,846,781 $1,043,786 54 32 22 $41,932,496 $41,532,496 $846,650 105 74 31 $51,609,065 $50,799,065 $1,019,981 ~7~ ::~~~i;-$~~41_;~~~~~1:Q;.r$~~~j1~~;~1~ 72 46 26 $49,663,573 $48,579,057 54 32 15. $22,986,126 $20,986,126 105 83 37 $84,318,085 $83,708,085 M~Nmm"t;ttX~$mgl::!$mI1;'111J.;I:~4t.;r;f4Q.:.:,~II~::::::::::::::::'::::::::::!::::":::::::,:!:!: ..... CAL09 Total Exempt Taxable Total Gross Month Transfers Transfers Transfers Value Jan-09 59 45 14 $21,784,925 Feb-09 53 37 16 $14,330,594 Mar-09 53 42 11 $17,755,594 Apr-09 52 34 18 $39,600,613 May-09 68 43 25 $18,179,460 Jun-09 58 45 13 $10,720,838 Jul-09 61 41 20 $44,644,114 Aug-09 37 25 12 $17,214,552 Sep-09 92 46 46 $67,744,386 Oct-09 85 38 47 $90,032,410 Nov-09 94 60 34 $61,669,385 Dec-09 ................ . .................. . . . . . . . . . . . . . . . . . ................. . ................. .................. .. . ............ . ......... .......................................... .......................................... Gross Value Taxable $15,984,925 $12,538,233 $15,955,594 $29,920,613 $14,853,400 $8,885,838 $42,991,125 $12,649,226 $64,608,073 $87,070,640 $57,127,164 THRY~9V9~---'tt Average 65 Low 37 High 94 #~~.;g~~$!4q~;~tt~~~7j[:.$~~g;~~4;~~~ 41 23 $36,697,897 $32,962,257 25 11 $10,720,838 $8,885,838 60 47 $90,032,410 $87,070,640 $981 ,413 $466,722 $1,678,162 ............ ..... ................. . . . . . . . . . . . . . . . . . . Revenue Received $319,787 $239,530 $327,112 $598,412 $297,068 $185,717 $878,323 $252,985 $1,280,828 $1,741,413 $1,150,543 $661,065 $185,717 $1,741,413 MONTHL Y (UNAUDfTED) TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of December 8, 2009 1. November 2009 Transfers - Record Nos. 30239 through 30332: a. Current "M" Exemptions: No. 30266 Robert A. Buccino and Julie Kingston No. 30282 Maxwell P. Jones and Brenda J. Bierly No. 30285 Aisling L. Cowzer and William S. Cowzer No. 30292 Nathan G. Barber and Beau A. Barber No. 30294 Robert B. D. Heintz and Leisa M. Heintz No. 30321 Jane Stoddard and Thomas P. Heiser, III b. Additional Information Required: No. 30242 4 Doc Ryder's Drive Nominee Realty Trust No. 30260 Paul H. McDonnell and Penelope F. McDonnell No. 30279 The Anita L. Rezendes Trust No. 30280 The George 1. Rezendes Trust c. Purchase Price Documentation Required: No. 30282 Maxwell P. Jones and Brenda J. Bierly No. 30292 Nathan G. Barber and Beau A. Barber 2. Transfer Update: a. Additional Information Provided: No. 30189 Plamen P. Penkov and Mihaela Ivilova No. 30190 Eric Rosenberg and Michele Kolb No. 30191 Norris Realty Trust No. 30204 Newhouse Nominee Trust No. 30212 Sharon K. Horne No. 30213 Acktually Ours 27 Trust b. Purchase Price Documentation Provided: No. 30085 John Kuszpa and Anne PM. Kuszpa No. 30156 Adam Psichos and Clelia-Biamonti No. 30180 127 Cliff Road, LLC No. 30190 Eric Rosenberg and Michele Kolb No. 30195 LLD Realty, LLC c. Litigation Update - No. 26977 Bruce A. Issadore and John Englert d. Hearing Request - No. 30071 Thomas M. O'Connor and Jeremy S. O'Connor 3. "M" Exemption Update: a. Two-Year Domicile Compliance - Respcinse to Inquiry: No. 28414 Stacy L. Gibbons b. Five-Year Domicile Compliance - Release of Lien: No. 24919 Fanny Elouz C:\WP60IMINDOCS\TRANSFER BUSINESS 09 1st meeting. doc