HomeMy WebLinkAbout2012-4-24AGENDA
Nantucket Land Bank Commission
Regular Meeting of April 24, 2012
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
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CALL TO ORDER: 4:00 P.M.
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A. CITIZEN BUSINESS /ANNOUNCEMENTS z
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B. EXECUTIVE SESSION M s
1. Approval of Executive Session Minutes x
2. Real Estate Acquisition
C. MINUTES OF THE REGULAR MEETING OF APRIL 10, 2012
D. PROPERTY MANAGEMENT
1. Miacomet Golf Course — Manager's Monthly Review
E. TRANSFER BUSINESS
F. FINANCIAL BUSINESS
1. Monthly Financial Report
2. Warrant Authorization — Cash Disbursements
G. REGULAR BUSINESS
1. Annual Election of Officers
ADJOURNMENT
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MINUTES
Nantucket Land Bank Commission
Regular Meeting of April 24, 2012
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:02 p.m.
PRESENT: Bartlett, Gardner, Paterson, Reinhard, Stackpole.
STAFF PRESENT: 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, and review and approve executive session minutes. 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 in regular session following executive session.
RETURN TO OPEN SESSION
Resource Planner /Ecologist, Bruce Perry; Miacomet Golf General Manager, Alan Costa;
Miacomet Golf Course Superintendent, Sean Oberly, entered the meeting at 4:17p. m.
C. PROPERTY MANAGEMENT:
1. Miacomet Golf Club ( "MGC "):
a. Financial Report: The Commission reviewed the balance sheet and profit and loss
comparison through March 31, 2012, as well as the credit card statement and check register for
March 2012, which were previously provided by electronic correspondence. Mr. Costa reported
cash flow was improved over last year as well as income, due to mild weather and lower expenses.
Additionally, the current membership count was at 396.
b. Agility Golf — Contract Discussion: Mr. Costa outlined the services provided by
Agility Golf and the costs involved, commenting that he felt MGC received tremendous value for
the expense and were receiving a higher percentage of income from the lessons than the industry
standard. Mr. Costa reminded everyone that the contract had already been voted on at the meeting
of January 12, 2012, subject to the Commission having a sit down discussion with Phillip Truono to
"have a better understanding of how his company works and possibly fine tune policies with regard
to the scheduling of lessons, tournaments and other minor logistical issues." Commissioner Bartlett
expressed that in his view, the Land Bank should be receiving more in return for use of its' asset.
Land Bank Commission Page 2
April 24, 2012
c. `Sconset Golf — Planning Discussion: The Commission requested that staff post a
special golf meeting on May 4, 2012 at 3:00 p.m. to plan for the opening of `Sconset Golf. Mr.
Costa and Mr. Oberly reported on touring the `Sconset Golf facility and commented that the
clubhouse was functional, but still in need of some repair. Prior to opening for the season, Mr. Costa
recommended running cable to the building so he could set up a point of sale system to record
income and manage rounds. Mr. Oberly presented a proposal for additional capital equipment
needed along with prices, recommendations and a proposed operating budget. After some
discussion, upon a motion made and duly seconded, it was unanimously VOTED to approve the
expenditure of up to $70,000 for new capital equipment and to approve the preliminary operating
budget of $160,000, as presented.
d. `Sconset Golf — Fee Discussion: Mr. Costa recommended, as a perk for Miacomet
Golf members and also to free up tee times at MGC, allowing Miacomet members to play at
`Sconset Golf for free. Additionally, as an incentive to purchase `Sconset Golf memberships, to
offer `Sconset members one free round of golf at Miacomet, subject to the restriction that the round
be played in the off - season (between Labor Day and Memorial Day).
Commissioners Stackpole and Bartlett abstained as members of Miacomet Golf Club, and
Commissioner Gardner abstained due to his spouse being a member of Miacomet Golf Club.
At this time, the Rule of Necessity was invoked based on the fact that the Commission was unable to
obtain a quorum due to disqualification of Commissioners as members (or due to close association
with a member) of Miacomet Golf Club and, as a last resort, those disqualified participated under
the authority of the Rule of Necessity.
After much discussion, upon a motion made and duly seconded, it was unanimously VOTED to
keep the current fee schedule of $750 for the seasonal membership and $35 per round of golf.
e. Capital Improvements — Discussion: Mr. Costa presented the Commission with a
five -year Capital Improvement Program proposal for discussion at a future meeting.
Mr. Costa and Mr. Oberly left the meeting at S: 34 p.m.
D. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was VOTED to accept,
approve and release the regular session minutes of April 10, 2012, as written.
E. PROPERTY MANAGEMENT:
1. Blueberry Pasture Subdivision Open Space /Sheep Commons Lane — Grazing Use Request:
Mr. Perry reported that the Conservation Commission had concerns about the renewal of the
Sustainable Nantucket/Faraway Farms sheep and chicken grazing program on the Craig property
due to its proximity to the harbor and as a result, was requiring an additional year of extensive water
testing. Mr. Perry suggested moving the program to a portion of the Blueberry Pasture Subdivision
property with access off Milestone road, which would not require the water testing. After some
Land Bank Commission
April 24, 2012
Page 3
discussion, upon a motion made and duly seconded, it was unanimously VOTED to approve the
change in location.
F. TRANSFER BUSINESS:
1. "M" Exemption Update:
a. Five -Year Domicile and Ownership Compliance — Release of Liens: Upon a
motion made and duly seconded, it was unanimously VOTED to authorize the issuance of a Release
of Lien for each of the following transfers as a result of the purchasers fulfilling all of the
requirements of Section 12, subsection ( -m -):
No. 27917 Cara Stein
No. 27945 Peter F. Psaradelis and Jennifer E. Dubois
No. 27979 Napolean E. Landaverde and Kristen M. Landaverde
2. Transfer Update:
a. Additional Information Provided — No. 31885 Twenty -One Daffodil Lane Realty
Trust: Based upon the submission of additional information, the Commission found the above -
mentioned transfer to be in order.
b. Purchase Price Documentation Provided — No. 32529 Edward S. Toole: Based
upon the submission of requested documentation in support of the stated purchase price, the
Commission found the above - referenced transfer to be in order.
c. Consent of Lienholder Request/Additional Review Required — Nos. 32466 and
32467 Catherine E. Conte: Ms. Bell explained that additional correspondence and information had
been received from the purchaser's attorney, Richard Beaudette, on the above - referenced transfers,
however it was submitted just prior to the meeting and staff and Land Bank counsel had not had
adequate time to review the materials. Further, Mr. Beaudette was requesting that the Commission
execute a Consent of Lienholder form to facilitate the removal of the purchaser's property from the
purview of the condominium statute, so that she could subsequently sell the property to a new buyer
as its own separate lot. Pursuant to Ms. Bell's recommendation, upon a motion made and duly
seconded, the Commission VOTED to execute the consent of lienholder form provided by Mr.
Beaudette, on the condition that all paperwork and off - record transfers be reviewed and approved
by staff and Land Bank counsel prior to its release.
G. FINANCIAL BUSINESS:
1. Monthly Financial Report: The Commission accepted the March 2012 financial report
including the balance sheet and income statement previously provided by electronic
correspondence.
2. Warrant Authorization — Cash Disbursements: Upon a motion made and duly seconded, it
Land Bank Commission Page 4
April 24, 2012
was unanimously VOTED to execute the April 24, 2012 warrant document in the amount of
$76,094.75 to be provided to the county treasurer.
H. REGULAR BUSINESS:
1. Annual Election of Officers:
a. Chairman: Upon a motion made and duly seconded, the Commission VOTED to
elect John J. Stackpole as Chairman. Commissioner Bartlett opposed.
b. Secretary: Upon a motion made and duly seconded, it was unanimously VOTED to
elect Allen B. Reinhard as Secretary.
c. Vice Chairman: Upon a motion made and duly seconded, it was unanimously
VOTED to elect Robert L. Gardner as Vice Chairman.
d. Treasurer: Upon a motion made and duly seconded, it was unanimously VOTED to
elect Philip D. Bartlett as Treasurer.
e. Vice Secretary/Vice Treasurer: Upon a motion made and duly seconded, it was
unanimously VOTED to elect Neil Paterson as Vice Secretary/Vice Treasurer.
I. PROPERTY MANAGEMENT:
1. Wood Property /55 Warren's Landing Road — Discussion: Chairman Stackpole presented
aerial photos of the Town's Wood property that the Land Bank was granted permission to receive
due to the approval of Article 92 at this year's Annual Town Meeting. Mr. Stackpole proposed that
the Land Bank install an additional drive off Warren's Landing Road to create another point of
access and made various management suggestions that would enhance public use of the property for
the summer. The Commission asked staff to inquire into the timeline as to when the Land Bank
could expect to receive the property.
ADJOURNMENT: U o motion made and my seconded, it was VOTED to adjourn at 6:12 p.m.
Attested to:
7 Allen B. ei ard, Secretary
Accepted, Approved, and Released by the VOTE
of the Commission this 8t# day of May, 2012.
John J.
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DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of April 24, 2012
1. Miacomet Golf Course — Financial Statements, Check Register and Credit Card Statement
2. Agility Golf Contract 2012
3. Agility Lessons August 2011
4. Golf Pro Compensation Info
5. `Sconset Golf Capital Equipment Proposal & Budget
6. MGC Capital Improvement Program - Proposal
7. Blueberry Pastures Subdivision Open Space - Aerials
8. Current "M" Exemption Liens (see transfer business for record nos.)
9. Additional Information Provided — Confidential (see transfer business for record no.)
10. Purchase Price Documentation Provided — Confidential (see transfer business for record no.)
11. Consent of Lienholder (see transfer business for record no.)
12. Monthly Financials for March 2012 (Monthly Financial Statement, plus Balance
Sheet and Income Statement)
13. Check Warrant Summary and Warrant Authorization dated April 24, 2012
14. Wood Property - Aerials
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of April 24, 2012
1. "M" Exemption Update:
a. Five -Year Domicile and Ownership Compliance — Release of Liens:
No. 27917 Cara Stein
No. 27945 Peter F. Psaradelis and Jennifer E. Dubois
No. 27979 Napolean E. Landaverde and Kristen M. Landaverde
2. Transfer Update:
a. Additional Information Provided:
No. 31885 Twenty -One Daffodil Lane Realty Trust
— Received underlying beneficiary information
b. Purchase Price Documentation Provided:
No. 32529 Edward S. Toole (44 Liberty Street)
— Purchase Price: $1,050,000 / Assessed Value: $1,683,200 (62 %)
— Received Purchase & Sale Agreement, HUD settlement statement (short sale)
c. Consent of Lienholder Request — Additional Review Required:
No. 32466 Catherine E. Conte (14 Sleepy Hollow Road)
No. 32467 Catherine E. Conte (6 Sleepy Hollow Road)