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Home My WebLink About2010-05-11 Iv AGENDA Nantucket Land Bank Commission Regular Meeting of May 11,2010 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER . - <:) ;0 --i Z 0 )> ::x " "":~ ....~ :L~ ~ () z -- .- ""-, . N ..,- , ...., 0\ , , -" r.-' ....',., ::g .... N . i 1 Ui ..... J ...... A. EXECUTIVE SESSION B. CITIZEN BUSINESS/ANNOUNCEMENTS C. MINUTES OF THE REGULAR MEETING OF APRIL 27, 2010 D. TRANSFER BUSINESS E. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization - Cash Disbursements 3 . Warrant Authorization - Latici House Demolition Permit 4. Warrant Authorization - 2007 Series A Semi-Annual Bond Payment F. REGULAR BUSINESS 1. Memorandum of Understanding - Town Conveyance of "Hunt Parcel" 2. Muskeget Island - Wind Data Tower Discussion G. PROPERTY MANAGEMENT 1. MGC Practice Chipping Area - Approval of Mitigation Funding Agreement 2. Latici Property - House Demolition Estimates 3. Craig Property - Permitting Update 3. Annual Road Grading Review 4. Multiple Vendor Requests - Management Discussion ADJOURNMENT MINUTES Nantucket Land Bank Commission Regular Meeting of May 11,2010 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:00 P.M. PRESENT: Bartlett, Gardner, Johnson, Reinhard. ABSENT: Stackpole. STAFF PRESENT: Jesse Bell, AdministratorlFiscal Officer; Susan Campese, Assistant Admin- istrator. 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 Vice 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 B. APPROV AL OF MINUTES: Upon a motion made and duly ~conded, it was VOTED to accept, approve and release th~ regular session minutes of April 27, 2010, as written. C. CITIZEN BUSINESS/ANNOUNCEMENTS: None. D. TRANSFER BUSINESS: 1. April 2010 Transfers - Record Nos. 30648 through 30697: The Commission reviewed transfers for the period of April 1 , 2010 through April 30, 2010. a. Current "M" Exemptions and Liens - No. 30667 Scott P. Allan and David Hoggard: The Commission authorized the placing of liens against the above-referenced purchasers' property as a result of their claiming the "M" exemption as first-time buyers of real property . b. Additional Information Required: The Commission asked staff to request a completed Form B, Part G from the sellers on the following transfers: No. 30655 26 SP Road LLC No. 30681 Frank E. Viano and Susan F. Viano Land Bank Commission May 11,2010 Page 2 c. Purchase Price Documentation Required: The Commission asked staff to request additional information arid/or supplemental documentation from the purchasers to support the stated purchase price on the following transfers: No. 30650 The Huntt-LaFrance Realty Trust No. 30661 James Bennett No. 30669 Samuel 1. Aloisi and Lynne M. Aloisi No. 30674 William 1. Colgan No. 30675 Curtis G. Wohlers No. 30681 Frank E. Viano and Susan F. Viano No. 30690 Michael A. Felger and Sara M. Underwood 2. "M" Exemption Update: a. Two-Year Domicile Non-Compliance/Waiver Request - No. 28953 Timothy Shea: Ms. Bell summarized the history of the transfer and presented a written request from the purchaser to waive the penalty and accrued interest due to circumstances of financial hardship. After a discussion of past decisions made on similar cases and based on the purchaser's good faith effort in payment of the fee, upon a motion made and duly seconded, the Cortnnission VOTED to waive the penalty asked staff to issue a Notice of Assessment for the remaining interest in the fixed amount of$2,216.67. b. Five- Year Domicile Non-Compliance/Payment Not Received - No. 25397 Jesse Dutra: Ms. Bell reported that despite numerous reminders, the purchaser failed to submit payment of the outstanding fee and penalty within the 6Q.day time period - a contingency which was specified in the Commission's decision to waive the interest on March 9, 2010. Upon a motion made and duly seconded, the Commission VOTED to reinstate the accrued interest from the date of transfer. E. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: The April 2010 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 May 11,2010 warrant document in the amount of $119,088.28 to be provided to the county treasurer. 3. Warrant Authorization - Latici House Demolition Permit: Upon a motion made and duly seconded, it was VOTED to execute the May 11, 2010 warrant document in an amount not to exceed $500.00 to be provided to the county treasurer. 4. Warrant Authorization - 2007 Series A Semi-Annual Bond Payment: Upon a motion made and duly seconded, it was VOTED to execute the May 11,20102007 Series A Semi- Land Bank Commission May 11,2010 Page 3 Annual Bond Interest Payment warrant to be provided to the county treasurer in the amount of $291,409.38. F. REGULAR BUSINESS: 1. Memorandum of Understanding - Town Conveyance of "Hunt Parcel": Pursuant to a Memorandum of Understanding with the Town of Nantucket dated January 27, 2010, upon a motion made and duly seconded, the Commission VOTED to accept and endorse the deed from the Town, conveying ownership of Lots 1,4 and 5 on Plan No. 2009-44 to the Land Bank. 2. Muskeget Island - Wind Data Tower Discussion: Commissioner Reinhard summarized proposed changes to the deed, legislation and conservation restriction submitted by Town counsel which would reserve the right for the Town to erect a temporary wind data tower on Muskeget Island. Based on the concern that these changes might jeopardize the entire transaction, upon a motion made and duly seconded, it was VOTED to authorize Mr. Reinhard to voice the Commission's opposition at the next Board of Selectmen meeting on May 12,2010. G. PROPERTY MANAGEMENT: 1. Multiple Vendor Requests - Management Discussion: Ms. Bell reported that there were two separate mobile ice cream vendors seeking permission to do business on Land Bank properties for the summer season. The Commission determined to continue the discussion at the May 25, 2010 meeting at which Mr. Savetsky would be present. Resource Planner/Ecologist Bruce Perry entered the meeting at this time. 2. Miacomet Golf Club Practice Chipping Area - Approval of Mitigation Fund Agreement: Mr. Perry summarized the changes to the original permit with the state as a result of the amendment required to add the practice chipping area at Miacomet Golf. Upon a motion made and duly seconded, the Commission VOTED to ratify the previously executed Mitigation Fund Agreement. 3. Latici Property - House Demolition: Mr. Perry reported that two price estimates for demolition of the Latici main house had been received and presented them to the Commission for consideration. Upon a motion made and duly seconded, the Commission VOTED to grant the demolition work to Atlantic Aeolus Corporation, authorizing the expenditure of $7,000, exclusive of tipping fees. 4. Craig Property - Permitting Update: Mr. Perry reported that a request had been filed with the Conservation Commission in order to expand the parking area at the Land Bank's Craig property . Land Bank Commission May 11,2010 Page 4 5. Annual Road Grading Review: Mr. Perry provided a brief review of the Land Bank's annual road maintenance needs and presented an estimate from Miles Reis to do the grading work for the summer season. Upon a motion made and duly seconded, the Commission VOTED to grant the work to Miles Reis for the total estimated amount of$17,900. Attested to: ADJOURNMENT: p motion made and duly seconded, it was VOTED to adjourn at 5 :08 P.M. Accepted, Approved, and Released by VOTE of the Commission this 25th day of May, 2010. jE'S~.J t2/..";~ Leslie Johnson, Vice Chairman .1~8.IJIl!lmgllt.i.f~lt'''.lg''l.lll,llg~lalIIIIl.llf~~!~r~:~::llr:&~rrfJMl1ltr.tMt:m~~~w.@*f](@lfjlljJ.lmrt!MM@lMili:;:r~: FY09 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul-08 65 38 27 $47,229,858 $46,335,1 1 1 $928,702 Aug-08 63 38 25 $84,318,085 $83,708,085 $1,678,162 Sep-08 76 39 37 $55,282,900 $54,882,900 $1,097,658 Oet-08 68 39 29 $52,249,003 $51,846,781 $1,043,786 Nov-08 54 32 22 $41,932,496 $41,532,496 $846,650 Dee-08 105 74 31 $51,609,065 $50,799,065 $1,019,981 Jan-09 59 45 14 $21,784,925 $15,984,925 $319,787 Feb-09 53 37 16 $14,330,594 $12,538,233 $239,530 Mar-09 53 42 1 1 $17,755,594 $15,955,594 $327,1 12 Apr-09 52 34 18 $39.600.613 $29.920,613 $598,412 May-09 68 43 25 $18,179,460 $14,853,400 $297,068 Jun-09 58 45 13 $10,720,838 $8,885,838 $185,717 .-..,-,-.....- . "."''''.''64$'''''''' 418 ................230 ............. .H$426\(j~?,1~~ $403 503 802 "....$$,(j~9,779 TH.RlJA.F'R q~ :>>HH:,",:. :. .~~:::;~' .........-- - . - ".,." . . -...... ,..... ...... ..... >:~:::::::::._::_:::::.::,:::::' ::. ,:~: .::.:: ",: ::::::: Average 65 42 22 $37,916,119 $35,603,587 $715,214 Low 52 32 1 1 $10,720,838 $8,885,838 $185,717 High 105 74 37 $84,318,085 $83,708,085 $1,678,162 ::I:_tni1!lm.J'I~.:::ltIIJBl~I:;IlIII.gIMElll.ll:I::lllllmMgtimi~:lm~~lm;:!;tt.i.ll::fW:fi:fili~~1::fft.l~~fff.ffffjlf@il!:lllrlmm!!l:::::!:: FY10 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul-09 61 41 20 $44,644,114 $42,991,125 $878,323 Aug-09 37 25 12 $17,214,552 $12,649,226 $252,985 Sep-09 92 46 46 $67,744,386 $64,608,073 $1,280,828 Oct-09 85 38 47 $90,032,410 $87,070,640 $1,741,413 Nov-09 94 60 34 $61,669,385 $57,127,164 $1,150,543 Dee-09 1 14 78 36 $60,119,575 $49,272,425 $985,449 Jan-10 60 48 12 $13,437,926 $12,194,500 $243,890 Feb-10 67 44 23 $59,068,081 $54,426,906 $1,083,956 Mar-10 74 42 32 $39,115,847 $34,074,250 $681,485 Acr-10 50 26 24 $30,068,735 $28.979,000 $587,080 May-10 Jun-10 .,,,.-,...--........-........ ...............-........ .-............."",.. .... '286 ....._-.-......."......_------_.._--.----......... ,.. .---......... ,...,,-.... ',- ,--,---, tHRl.IApRH> ,.......734.... .,........448,.,..,.'" ................ .~a$; 11p,()1Q... ...... $4.4$W393, A()~.. ........... .~a,aaS,951 .. ...-. ................ ... ................. Average 73 45 29 $48,31 1,501 $44,339,331 $888,595 Low 37 25 12 $13,437,926 $12,194,500 $243,890 High 114 78 47 $90,032,410 $87,070,640 $1,741,413 MONTHL Y (UNAUDITED) TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of May 11, 2010 1. April 2010 Transfers - Record Nos. 30648 through 30697: a. Current "M" Exemptions: No. 30667 Scott P. Allan and David Hoggard b. Additional Information Required: No. 30655 26 SP Road LLC (Form B, Part G - Seller's Affidavit) No. 30681 Frank E. Viano and Susan F. Viano (From B, Part G - Seller's Affidavit) c. Purchase Price Documentation Required: No. 30650 The Huntt-LaFrance Realty Trust (140 Cliff Road) Purchase Price $2,450,000/ Assessed at $3,666,700 / 67% of Assessed Value No. 30661 James Bennett (58C Main Street) Purchase Price $665,000/ Assessed at $1,196,800 / 56% of Assessed Value No. 30669 Samuel J. Aloisi and Lynne M. Aloisi (35 Milk Street) Purchase Price $900,000/ Assessed at $1,358,300 / 66% of Assessed Value No. 30674 William J. Colgan (36 Hummock Pond Road) Purchase Price $1,175,000/ Assessed at $2,101,600 / 56% of Assessed Value No. 30675 Curtis G. Wohlers (12 Field Avenue) Purchase Price $620,000/ Assessed at $981,000/63% of Assessed Value No. 30681 Frank E. Viano and Susan F. Viano (7A Crooked Lane) Purchase Price $693,000/ Assessed at $1,398,300/50% of Assessed Value No. 30690 Michael A. Felger and Sara M. Underwood (25 Autopscot Circle) Purchase Price $685,000/ Assessed at $1,131,300 / 61% of Assessed Value 2. Transfer Update: a. "M" Exemption Update: I. Two-Year Domicile Non-Compliance - Waiver Request: No. 28953 Timothy Shea (41C Old South Road; Unit 3, Anchor Village Condo) 2. Five-Year Domicile Non-Compliance - Payment Not Received: No. 25397 Jesse Dutra (46 Vesper Lane)