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HomeMy WebLinkAbout2012-4-10AGENDA Nantucket Land Bank Commission Regular Meeting of April 10, 2012 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:00 P.M. A. CITIZEN BUSINESS /ANNOUNCEMENTS B. EXECUTIVE SESSION 1. Approval of Executive Session Minutes 2. Real Estate Acquisition C. MINUTES OF THE REGULAR MEETING OF MARCH 27, 2012 D. TRANSFER BUSINESS E. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization — Cash Disbursements F. REGULAR BUSINESS 1. Annual Town Meeting Discussion 2. Papale /Appleton Road — Deregistration Assent G. PROPERTY MANAGEMENT 1. Property Supervisor's Monthly Report 2. Craig Property /Polpis Harbor Road — Use Discussion ADJOURNMENT z o n �. Z N c -ten C M r1-3 m Ln CD -v z c7 co M m o 7Z rn n rn M C7 MINUTES Nantucket Land Bank Commission Regular Meeting of April 10, 2012 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:02 p.m. PRESENT: Bartlett, Gardner, Paterson, Reinhard. ABSENT: Stackpole. STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Administrator /Fiscal Officer; Susan Campese, Assistant Administrator. A. CITIZEN BUSINESS /ANNOUNCEMENTS: None. B. EXECUTIVE SESSION: Upon a motion made and duly seconded, it was unanimously VOTED to go into executive session in order to discuss the purchase, exchange, lease or value of real property. Each member was polled individually. All members voted yes. The Chairman declared that discussion of these matters in open session may be detrimental to the Land Bank's negotiating position and that the Commission would reconvene into regular session following executive session. RETURN TO OPEN SESSION Bruce Perry, Ecologist /Resource Planner and Jeffrey Pollock, Property Supervisor entered the meeting at 5:13 p.m. C. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was unanimously VOTED to accept, approve and release the regular session minutes of March 27, 2012, as written. D. TRANSFER BUSINESS: 1. March 2012 Transfers — Record Nos. 32470 through 32548: The Commission reviewed transfers for the period of March 1, 2012 through March 31, 2012. a. Current "M" Exemptions and Liens: The Commission authorized the placing of liens against the following properties as a result of the purchasers claiming the "M" exemption as first -time buyers of real property: No. 32475 Will A. Lucas and Alanna M. Lucas No. 32525 Benjamin Cowger and Natalie R. Cowger No. 32543 Mark C. Lucas and Sarah Holton -Rich b. Purchase Price Documentation Required: The Commission asked staff to request additional information and /or supplemental documentation from the purchasers to support the stated purchase price on the following transfers: Land Bank Commission Page 2 April 10, 2012 No. 32512 Chapman House, LLC No. 32529 Edward S. Toole 2. Transfer Update: a. Additional Information Required — Update: Ms. Bell reported on receiving correspondence from the purchaser's attorney in relation to the following transfers, indicating that more time was needed to perform research and gather information before an educated recommendation could be made: No. 32466 Catherine E. Conte No. 32467 Catherine E. Conte E. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing fiscal years 2011 and 2012 through March 2012 were presented to the Commission. 2. Warrant Authorization — Cash Disbursements: Upon a motion made and duly seconded, it was VOTED to execute the April 10, 2012 warrant document in the amount of $80,264.66 to be provided to the county treasurer. F. REGULAR BUSINESS: 1. Annual Town Meeting Discussion: Mr. Savetsky explained that the amended warrant article that passed town meeting essentially terminated the Land Bank's current representation on the Community Preservation Committee (CPC), effective immediately. Discussion continued as to whether to advertise for a new designee or have a representative from the Commission serve on the committee. It was agreed that a meeting should be arranged with former designee Ken Beaugrand to review the protocols with regard to representation. No action was taken. 2. Papale /Appleton Road — Deregistration Assent: Mr. Savetsky presented a request from Jessie Glidden, attorney for the buyer of a portion of the Papale property on Appleton Road, for the Land Bank's consent (as the holder of a right of first refusal) to deregister the property from the Land Court. After some discussion, upon motion was made and duly seconded, it was unanimously VOTED to execute the Assent for Deregistration of the property. G. PROPERTY MANAGEMENT: 1. Property Management Monthly Update: Mr. Pollock provided an overview of work performed by property management staff since the last update, including additional Phragmites removal at Consue Springs, installing a new memorial bench at the Farrell property, as well as a new trail and trailhead at Hinsdale Park and Belgian block installation around the perimeter of the labyrinth. Staff also completed three burns and held a pump training class. The new horse trail on Land Bank Commission April 10, 2012 Page 3 the Lincoln property on Hummock Pond Road was roughed in with additional fine tuning to be performed over the next month. Finally, the large tree in the Fair Street Park was deemed a hazard and removed and staff was planning on installing a new American Yellowwood in its place this week. 2. Craig Property /Polpis Harbor Road — Use Discussion: a. Nantucket Community Sailing (NCS): Mr. Savetsky reported on a meeting with Chief Executive Officer, Diana Brown and a Board member regarding the relocation of the shed and starting area for the youth sailing program, indicating that NCS was still awaiting a response from the owner of the current location and would update the Commission once a decision was made. b. Sustainable Nantucket /Faraway Farms: Mr. Savetsky presented a proposal from Sustainable Nantucket to use the property again for their pilot program of grazing sheep, goats and chickens. Mr. Perry reported that groundwater testing performed by Dr. Sarah Oktay of the University of Massachusetts Field Station showed no negative impact from last year's program. After some discussion, upon a motion made and duly seconded, it was unanimously VOTED to approve the request for the 2012 summer season. 3. Five -Bay Garage /125 Somerset Road — Construction Update: Mr. Perry reported the footings were completed and the forms for the foundation were being erected. ADJOURNMENT: U0 4a motion made and,duly seconded, it was VOTED to adjourn at 5:59 p.m. Attested to: Allen B. Reinhard, Secretary Accepted, Approved, and Released by the VOTE of the Commission this 24th day of April, 2012. John J. Sta pole, Chai an MONTHLY TRANSFER STATISTICS FISCAL YEAR 2011 FY11 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul -10 55 31 24 $26,038,861 $23,613,361 $476,267 Aug -10 64 36 28 $29,410,325 $26,700,825 $534,017 Sep -10 93 36 57 $150,939,438 $146,404,272 $2,936,085 Oct -10 104 53 51 $100,725,494 $96,991,400 $1,947,828 Nov -10 77 41 36 $61,023,719 $49,529,365 $990,587 Dec -10 141 78 63 $97,606,194 $93,574,944 $1,879,499 Jan -11 78 65 13 $21,162,865 $14,910,365 $298,207 Feb -11 62 39 23 $23,477,453 $21,996,953 $439,939 Mar -11 63 39 24 $33,663,5001 $31,223,5001 $628,470 Apr -11 57 20 37 $40,311,309 $39,448,100 $788,962 May -11 64 37 27 $44,795,705 $39,482,705 $799,654 Jun -11 65 30 35 $72,953,340 $64,374,340 $1,287,487 THRU MAR 11 Average 737 77 418 42 319 35 $544,047,850 $58,509,017 $504,944,985 $54,020,844 $10,130,900 $1,083,917 Low 55 20 13 $21,162,865 $14,910,365 $298,207 _ High 141 78 63 $150,939,438 $146,404,272 $2,936,085 MONTHLY TRANSFER STATISTICS FISCAL YEAR 2012 FY12 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jul -11 76 54 22 $25,749,264 $24,643,000 $492,860 Aug -11 75 43 32 $49,340,375 $47,072,751 $941,455 Sep -11 94 43 51 $74,154,881 $71,949,006 $1,438,980 Oct -11 78 44 34 $56,393,735 $55,156,935 $1,103,139 Nov -11 100 65 35 $66,300,685 $62,595,685 $1,251,914 Dec -11 136 89 47 $54,529,358 $50,656,462 $1,021,129 Jan -12 63 40 23 $22,737,132 $22,395,132 $447,903 Feb -12 71 35 36 $43,728,802 $43,055,537 $861,111 Mar -12 79 1 47 32 1 $34,458,3701 $30,543,200 $610,864 Apr -12 May -12 Jun -12 THRU MAR 12 Average 772 86 460 51 312 35 $427,392,602 $47,488,067 $408,067,708 $45,340,856 $8,169,354 $907,706 Low 63 35 22 $22,737,132 $22,395,132 $447,903 High 136 89 51 $74,154,881 $71,949,006 $1,438,980 MONTHLY (UNAUDITED) TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of April 10, 2012 1. March 2012 Transfers — Record Nos. 32470 through 32548: a. Current "M" Exemptions and Liens: No. 32475 Will A. Lucas and Alanna M. Lucas No. 32525 Benjamin Cowger and Natalie R. Cowger No. 32543 Mark C. Lucas and Sarah Holton -Rich b. Purchase Price Documentation Required: No. 32512 Chapman House, LLC (20 North Water Street) Purchase Price: $1,450,000 / Assessed Value: $2,127,000 / 68% of Assessed Value No. 32529 Edward S. Toole (44 Liberty Street) Purchase Price: $1,050,000 / Assessed Value: $1,683,200 / 62% of Assessed Value 2. Transfer Update: a. Additional Information Required — Update: No. 32466 Catherine E. Conte (14 Sleepy Hollow Road) No. 32467 Catherine E. Conte (6 Sleepy Hollow Road) DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of April 10, 2012 1. Land Bank Transfers for March 2012 2. "M" exemption liens (see transfer business for record nos.) 3. Purchase price documentation (see transfer business for record nos.) 4. Correspondence from purchaser's attorney on Land Bank Nos. 32466 & 32467 5. Monthly Transfer Statistics Reports 6. Check Warrant Summary and Warrant Authorization dated April 10, 2012 with corresponding payment vouchers 7. Sustainable Nantucket — Use proposal for Craig property