HomeMy WebLinkAbout2012-5-22AGENDA
Nantucket Land Bank Commission
Regular Meeting of May 22, 2012
Land Bank Meeting Room, 22 Broad Street
n
Nantucket, Massachusetts
^'
c
C
C-
z
�
CALL TO ORDER: 4:00 P.M.
�
rn
—+
►-
w
r r?
C�p
rn
A. CITIZEN BUSINESS /ANNOUNCEMENTS
Z
3
r-n
n
c�
B. EXECUTIVE SESSION
n
s
1. Real Estate Acquisition
cn
C. MINUTES OF THE SPECIAL MEETING OF MAY 4, 2012 AND REGULAR MEETING
OF MAY 8, 2012
D. PROPERTY MANAGEMENT
1. Miacomet Golf Course — Manager's Monthly Review
2. Old Sconset Golf Course — Management Discussion
E. TRANSFER BUSINESS
F. FINANCIAL BUSINESS
1. Monthly Financial Report
2. Warrant Authorization — Cash Disbursements
3. Warrant Authorization — 2009 Series A Semi - Annual Bond Payment
G. REGULAR BUSINESS
1. Community Preservation Committee — Representative Discussion
2. Rules and Regulations Amendment Discussion — Minor Revisions to Forms
3. Public Hearing Scheduling — June 26, 2012
4. Electricity Supplier Discussion
5. Land Bank Property Map — Project Update
H. PROPERTY MANAGEMENT (cont'd)
1. Small Friends/ 19 Nobadeer Farm Road — Request for Waiver of Right of First Refusal
2. Cisco Beach Property — Use Request
3. Town of Nantucket /DPW — Mosquito Control Proposal
4. 30B Washington Street — Cottage Relocation Update
5. Crocker /27 North Cambridge Street — Insurance /Occupancy Matter
I. PERSONNEL MANAGEMENT
1, Annual Employee Compensation/COLA Review
2. Resource Planner /Ecologist — Annual Review
3. Assistant Property Manager — Annual Review
ADJOURNMENT
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Administrator/Fiscal Officer;
Susan Campese, Assistant Administrator; Bruce Perry, Resource Planner /Ecologist.
Abutter to Burchell property, Andrew Costakes was also present at call to order.
A. CITIZEN BUSINESS /ANNOUNCEMENTS: Andrew Costakes of 22 Rudder Lane voiced his
concerns over Daniel Baird's organic potato farming project on the Burchell property, stating that
the tractor noise was excessive and also questioning the use of fertilizer, pesticides and irrigation.
Further, he stated that this was a residential neighborhood with a strict homeowners' association and
therefore it was an inappropriate location for a working farm. Mr. Savetsky assured Mr. Costakes it
was not a working farm, but a large non - commercial organic garden used to promote education and
sustainability. Chairman Stackpole assured Mr. Costakes his comments would be taken under
advisement and that Mr. Savetsky would speak to Mr. Baird about the excessive noise and future
irrigation plans.
Mr. Costakes left the meeting at 4:14 p.m.
Mr. Perry left the meeting at 4:21 p.m.
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 in regular session following executive session.
RETURN TO OPEN SESSION
C. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was unanimously
VOTED to accept, approve and release the special meeting minutes of May 4, 2012, and the regular
session minutes of May 8, 2012 as written.
Resource Planner /Ecologist, Bruce Perry; Architect, William McGuire; Miacomet Golf General
Manager, Alan Costa; Miacomet Golf Course Superintendent, Sean Oberly; Principal ofAgility
Golf, Philip Truono entered the meeting at 4:30 p.m.
Z
a
ti
°
MINUTES
Nantucket Land Bank Commission
z
Regular Meeting of May 22, 2012
m
Land Bank Meeting Room, 22 Broad Street
rn
Nantucket, Massachusetts
a
c
�
:3
rn
o
CALL TO ORDER: 4:02 p.m.
C-;,
`r
PRESENT: Bartlett, Gardner, Paterson, Reinhard, Stackpole.
M
;:0
°7
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Administrator/Fiscal Officer;
Susan Campese, Assistant Administrator; Bruce Perry, Resource Planner /Ecologist.
Abutter to Burchell property, Andrew Costakes was also present at call to order.
A. CITIZEN BUSINESS /ANNOUNCEMENTS: Andrew Costakes of 22 Rudder Lane voiced his
concerns over Daniel Baird's organic potato farming project on the Burchell property, stating that
the tractor noise was excessive and also questioning the use of fertilizer, pesticides and irrigation.
Further, he stated that this was a residential neighborhood with a strict homeowners' association and
therefore it was an inappropriate location for a working farm. Mr. Savetsky assured Mr. Costakes it
was not a working farm, but a large non - commercial organic garden used to promote education and
sustainability. Chairman Stackpole assured Mr. Costakes his comments would be taken under
advisement and that Mr. Savetsky would speak to Mr. Baird about the excessive noise and future
irrigation plans.
Mr. Costakes left the meeting at 4:14 p.m.
Mr. Perry left the meeting at 4:21 p.m.
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 in regular session following executive session.
RETURN TO OPEN SESSION
C. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was unanimously
VOTED to accept, approve and release the special meeting minutes of May 4, 2012, and the regular
session minutes of May 8, 2012 as written.
Resource Planner /Ecologist, Bruce Perry; Architect, William McGuire; Miacomet Golf General
Manager, Alan Costa; Miacomet Golf Course Superintendent, Sean Oberly; Principal ofAgility
Golf, Philip Truono entered the meeting at 4:30 p.m.
Land Bank Commission
May 22, 2012
D. PROPERTY MANAGEMENT:
Page 2
1. Old `Sconset Golf Course — Barn Discussion: Mr. McGuire presented a report on the
condition and feasibility of renovating the barn which included specific recommendations on how to
shore up the structure for safety. Mr. McGuire stated that while some features of the structure could
be reused, it would be much more cost - efficient to replace or renovate, but either way the new
building would have to comply with current commercial building codes which tend to make
projects more labor intensive (hence, costly).
Community Preservation Committee (CPC) Land Bank Designee, Ken Beaugrand entered the
meeting at 4:45 p.m.
Mr. McGuire left the meeting at 4:46p. m.
2. Miacomet Golf Club:
a. Financial Report: The Commission reviewed the balance sheet and profit and loss
comparison through April 30, 2012, as well as the credit card statement and check register for April
2012, which was previously provided by electronic correspondence. Mr. Costa reported cash flow
was much improved over last year as well as income, and lower expenses and cost of goods sold.
Mr. Costa answered various questions from the Commission pertaining to the check register.
3. Old `Sconset Golf Course — Management Discussion:
a. Opening Day — Discussion: Mr. Costa reported with the exception of the high
speed internet and the credit card banking platform which was in process, all else was ready for a
soft opening of the course on Friday, with the official opening on Saturday of Memorial Day
weekend. Mr. Truono informed the Commission that he had some experienced staff lined up to
work the course and was planning to hire additional summer employees. Additionally, Mr. Truono
created a website with hours of operation and rates, and would be outfitting the course with retired
rental clubs from Miacomet Golf. Finally, to simplify the rate schedule, Mr. Truono recommended
changing the children's rate to $15 per round for seventeen years old and under. After some
discussion, upon a motion made and duly seconded, it was unanimously VOTED to amend the
children's rate as recommended.
b. Merchandise Graphics — Discussion: Mr. Truono presented a sketch of a simple
design showing the name and incorporating the inaugural year 1894 to be used on hats in the golf
shop. Upon a motion made and duly seconded, it was unanimously VOTED to approve the use of
the graphic for golf shop merchandise.
c. Water — Discussion: Upon request, Commissioner Gardner provided estimates on
the cost of running water to the course along Milestone Road, recommending that while a minimum
of a 2" pipe could be used, he thought it would be preferable to use a 4" pipe. Additionally, it was
reported that after speaking with the Department of Health, continued use of the well for the
summer would be allowed if Wannacomet Water Company wrote a letter assuring that there would
Land Bank Commission Page 3
May 22, 2012
be a town water connection installed in the fall.
d. Employee Compensation — Discussion: The Commission asked for clarification of
the compensation of key employees on the `Sconset Golf budget approved at the April 24, 2012
meeting. While the consensus was to keeping the employees on salary to control costs, the
Commission requested that staff accurately track hours worked at `Sconset Golf, so that the
Commission could get a true sense of labor costs to run the course.
Mr. Costa, Mr. Oberly and Mr. Truono left the meeting at S: 37 p.m.
E. REGULAR BUSINESS:
1. Community Preservation Committee ( "CPC ") — Representative Discussion: Mr.
Beaugrand informed the Commission that his term on the CPC ended June 30, 2013, however his
continued representation as the designee for the Land Bank was at the discretion of the
Commission. It was requested that this year, Mr. Beaugrand report back to the Commission on open
space applications that are submitted, before CPC deliberations are conducted. Further, Mr.
Beaugrand outlined the process required of applicants and how decisions are made with regard to
applications. Discussion continued regarding possible funding for open space, recreation and
historic preservation for Land Bank acquisitions and /or projects.
Mr. Beaugrand left the meeting at 6 :02 p.m.
F. TRANSFER BUSINESS:
1. Transfer Business Policy — Discussion: Ms. Bell suggested a new policy with regard to
transfer business; namely, that routine follow -up requests for information be handled at the
administrative level, with staff being authorized to sign on the Commission's behalf. Specifically, it
was suggested that follow -up requests for Form completeness, routine additional information and/or
purchase price documentation requests which are in accordance with regulations and/or policy
adopted by the Commission, could be handled at the staff level. Extraordinary transfer matters
would continue to be brought to the Commission's attention prior to administrative action. After
discussion, upon a motion made and duly seconded, it was unanimously VOTED to authorize staff
to handle routine requests for information and in so doing, sign letters on the Commission's behalf,
as suggested by Ms. Bell.
2. "M" Exemption Update:
a. Five -Year Domicile and Ownership Compliance — Releases of Lien: Upon a
motion made and duly seconded, it was unanimously VOTED to authorize the issuance of a Release
of Lien for the following transfer as a result of the purchasers fulfilling all of the requirements of
Section 12, subsection ( -m -):
No. 27982 Heather M. Duval
No. 27984 Pavlin Vitanov and Bogdana Krachunova
Land Bank Commission
May 22, 2012
No. 27989 David Glowacki I1
Page 4
b. Five -Year Ownership Non- Compliance/Notice of Assessment — No. 30969 Caleb
N. Cressman, II: Ms. Bell explained that the purchaser claimed the "M" exemption on the purchase
of 300 Polpis Road on August 31, 2010 and subsequently sold approximately half of the property on
May 4, 2012 to his sister. Referring to Section 12( -m -) of the Land Bank Act, Ms. Bell indicated
that the terms of the "M" exemption prohibit subsequent transfers of the exempted property within
the five -year term, except for the transfer of a mortgage to an institutional lender. Pursuant to this
statutory violation, upon a motion made and duly seconded, it was unanimously VOTED to issue a
Notice of Assessment for the outstanding Land Bank fee plus penalty and interest accrued since the
date of the transfer.
3. Transfer Updates:
a. Additional Information Provided — No. 32274 Centerboard GH LLC: Based upon
the submission of additional information, the Commission found the above - referenced transfer to be
in order.
b. Purchase Price Documentation Provided: Based upon the submission of the
requested documentation in support of the stated purchase price, the Commission found the
following transfers to be in order:
No. 32554 Peter L. Watrous
No. 32606 Summer Salt, LLC
c. Proposed Transfer Discussion — No. 27584 Brett Morneau and Richard J. Aprea:
Ms. Bell and Mr. Savetsky presented a request for the Commission to accept the "C" exemption on
the proposed transfer of Mr. Aprea's interest in the property to Mr. Morneau. Based on
circumstances of extraordinary financial hardship, upon a motion made and duly seconded, the
Commission VOTED to accept the "C" exemption on the proposed transfer.
G. FINANCIAL BUSINESS:
1. Monthly Financial Report: The Commission accepted the April 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
was unanimously VOTED to execute the May 22, 2012 warrant document in the amount of
$171,363.55 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 unanimously VOTED to approve payment and authorize staff to
wire the 2009 Series A semi - annual bond payment of interest and principal in the total amount of
$1,189,860.00 from the Land Bank's Collection Account to the Bond Trustee at U.S. Bank.
Land Bank Commission
May 22, 2012
G. REGULAR BUSINESS:
Page 5
1. Rules and Regulations Amendment Discussion/Public Hearing: Upon a motion made and
duly seconded, the Commission unanimously VOTED to hold a public hearing on June 26, 2012,
for the purpose of receiving public comment on proposed minor revisions of the Land Bank forms.
2. Electricity Supplier Discussion: Mr. Savetsky relayed information from a meeting with
representatives of Viridian, a renewable energy supplier, reporting that one of the options they
presented claims to use 20% more renewable energy than National Grid and would actually cost a
few pennies less. Additionally, another option they presented claims to use 100% renewable energy
and would cost slightly more. After some discussion, it was the consensus of the Commission to
wait and see others' experience with the company.
3. Land Bank Property Map — Property Update: Mr. Savetsky reported that the map update
project was well underway and in the process, a question had arisen as to whether to include
Muskeget Island as an inset. Mr. Perry voiced concern with identifying this particular property on
the map, as the area is ecologically sensitive. After some discussion, the Commission indicated their
preference to include Muskeget on the new map, as recommended by Mr. Savetsky.
H. PROPERTY MANAGEMENT:
1. Small Friends /19 Nobadeer Farm Road — Request for Waiver of Right of First Refusal:
Mr. Savetsky presented a request for the Land Bank to waive its right of first refusal on the Small
Friends' property, as the facility wished to subdivide and carve out a small lot in the rear to sell at
some point in the future in order to reduce their debt. After some discussion, upon a motion made
and duly seconded, it was unanimously VOTED to consent to the subdivision plan and waive the
Land Bank's right of first refusal on the newly subdivided lot to the rear of the property.
2. Cisco Beach — Use Request: After a discussion, upon a motion made and duly seconded,
it was unanimously VOTED to approve a request from Gary Kohner of Nantucket Island Surf
School, to allow his use of a portion of the Land Bank's Cisco Beach Property to rent surfboards
and provide surfing lessons subject to Mr. Kohner continuing to provide stewardship of the
property, carrying insurance protection with the Land Bank named as additionally insured, and
requiring students and board renters to sign hold - harmless agreements. The Commission agreed to a
fee of $4,900 to allow Mr. Kohner to provide these services for the season.
3. Town of Nantucket /DPW — Mosquito Control Proposal: Mr. Savetsky presented a letter
from DPW Director, Kara Buzanoski, requesting permission to test for and treat mosquitoes on
Land Bank property. Mr. Perry disclosed that his company, Laurentide Environmental, was under
contract with the Town to provide the testing and treatment services in the request, acknowledging
the conflict of interest and /or financial interest in the matter. Mr. Perry then explained what the
treatment entailed and its potential environmental impacts. Upon a motion made and duly seconded,
it was unanimously VOTED to allow the Town's proposed mosquito testing and treatment on Land
Bank property.
Land Bank Commission
May 22, 2012
Page 6
4. 30B Washington Street — Cottage Relocation Update: Mr. Perry explained that there was
still no progress from Mr. Bartkowiak to move the cottage by the agreed upon date, therefore as a
backup plan, he had applied to the Historic District Commission to temporarily move the cottage to
125 Somerset Road and had tentatively reserved a move date with the Town on June 15, 2012.
Further, he would need to obtain approval from the Board of Selectmen for that date, as it was one
day after the "over the road" permit deadline.
5. Crocker Property /27 North Cambridge Street — Insurance /Occupancy Matter: Mr.
Savetsky explained that the Town would require a separate, vacant building insurance policy on the
Crocker buildings for the summer months at a cost of approximately $6,000, even though the Land
Bank was planning to remove the buildings in the fall. Mr. Savetsky further informed the
Commission that Ms. Campese could use housing for the summer, and presented her request to live
there for the summer months, which would in turn help the Land Bank avoid this costly building
insurance policy. Mr. Perry reported that he had questioned Richard Ray about whether it would be
permissible to use the tight tank over the summer and was told it would be fine. After some
discussion, upon a motion made and duly seconded, it was unanimously VOTED to have Ms.
Campese and her family live in the Crocker buildings for the summer at a rate of $1 per month.
6. Annual Road Grading Review: Mr. Perry provided a brief review of the Land Bank's
annual road maintenance needs and presented an estimate from Myles Reis to do grading work on
the roads in Smooth Hummocks and Head of Plains for the summer season. Mr. Perry pointed out
that this year the roads were in better shape due to the mild winter, with the exception of the road
next to Kelly Road. After some discussion, upon a motion made and duly seconded, the
Commission unanimously VOTED to have Myles Reis do the annual grading work in Smooth
Hummocks and Head of Plains for a total amount not to exceed $12,400.
7. Road Repair Work — Road next to Kelly Road: Mr. Perry presented an estimate from
Myles Reis to do the grading and repair work on the road next to Kelly Road, which was in need of
a lot of fill. Upon a motion made and duly seconded, the Commission unanimously VOTED to have
Myles Reis do the repair work for a total amount not to exceed $5,200.
I. PERSONNEL MATTERS: Due to the late hour, the Commission determined to hold over all
personnel matters until the next meeting.
Land Bank Commission
May 22, 2012
Page 7
ADJOURNMENT: Up otion made and dul seconded, it was VOTED to adjourn at 6:55 p.m.
i�
Attested to: l
lien B. Reinhar , ecretary
Accepted, Approved, and Released by the VOTE
of the Commission thin 12th day of June, 2012.
John J.
N N O N" m
(n m W f� R
N O m
M o0 m N N
O m o o N
6M9 " N 69 0
6, dT E9
N N o m M 0
(q v, m O
O W N V r
N rn h r N (O
r N M (D
` M V (0 m
fH 1- (D 69
f") O
� � �
O
J
w N O O O N
Q O O O O
a
J
} o o ° M (ND
a
N
' o
N
M
CL
Q
O
N
F-
o
uj
�a
Q
I U
I z
z
ILL
W
I ~
I �
N
(D N v N O R v 0 w M O
N l0 (h o ci O m m m (O O
o p 1-- N O 1- m W N O r O
co O N 69 O N N M m M M 0
N N M N W V O M N O N N
O N M m m O_ N N W (O Lo
co r a) 69 N 6n, 69 69
69. 69 o6
69 6s in vi
CM N N N O N N� OD
m p M N M 1- N M V '7 1- N O
M O N m 'R O N N V N M O
v N'I N N r v O M N O IQ N
N = N W (MO W° I(( O N O N
N M co- Vi 62 _ 69 H9 69 C', Vi C 69
N � U9.
in
o N
IN
� o
((T o
L a
co m
co X co
Z) rE
LL Q X
�
0 X
mU r vi
C O _ Q) M O
(6 C) U _O X D
a) m c U a
CL o 0 0 ,M o
OUcn o F
c c Q U
m (0 w L F
m[om �V) w
a) a a U 'n W
U U U \ U
C: C
c c c 0_
M m m � m ~
Z Z Z U
O v
N
A
a
d
w°
°° 0 o o o o
O
O
0 0
a ('
¢ °
0 0 0 0 0 0
J
W
j n o o° °m (°q ° (°o, °('! (I
0 0 0 0 0 0 O o 0
a
M
O
N
M
M
CM
N
O)
M
O)
N
N
W) M
co
a N
0)
N �
� o
w
o
r
a v o
m 4? o
U
3 0
m
E O w
°`'
h x U C
N N N
x o ° w E 0
Lu
LL
z 0 ti _rn o m .o
7 U N
CO CO ' 6S
LL E M (n .X o �' C 0-
Zm Cl) X°x'ia�j o¢
M rrN c 0 N
to O X p O` U M E
�' >( U U '00 O w Lo .N
U) a c U W W �m a °x
c�� U LL c m L
m m o a2 LL� o m N 3 LL
QQ -p cACnZUUZ (h a) 0
fll
N N�YYYYYY N� fw.. f/)
a) a) ro (cu m (cv m m n Y v ❑
U) u)Qmmmmmco (q (cU F
m U) LL
lu
C C OYY YY -'Z -)e (p W J
(0 (0 (9 Y 7 y Z! 7~ a) J Q
o a
m cn O m m m m m m :y 0 0
DDOZZZZZZ U P f-
W
N
A
a
d
V
i+
o
O
M
°�
" '
N
rn
N
GD
O
C
G
O
oo
a
N
N
�
M°
CL
0
M
E9
Vi
R
O
u
7
O
m
C
r
O
C
co
LD
W
Q
O
N `.
W
N
A
a
d
V
M
a
a'
m
o
N
❑
-
A
a
M
°�
" '
N
rn
N
N ,N
a
a
h
E a
=
S
C
D
c
O
c
W.
o
a
N
N
c
Q O
h
n
c
h
0
¢
r
M
E
O
N
O
u
Q)
O
m
b
0
^
h
�
O
r
O
n
co
LD
W
(Q
O
N `.
N»
M
(a
1-
Q.
69
�
�2
_7
M
�
M
Vi
6N9
N_
d'
O
7
C
O
40
C
'm
is
Q
O.
0
O
1C
a
N
A
a
d
M
a
Z;
M
a
a'
m
yj
z
w
a
a.
Z
0
N
❑
-
A
a
M
°�
" '
N
rn
N
N ,N
a
a
h
E a
0
S
C
D
c
N
\
m
c
W.
o
m
J
D
Z
0
N
c
Q O
h
n
c
h
0
¢
r
0
a
a
o
N
\
a
y
.01
C
n
U
N
S
a
h
O
(°D
b
0
^
h
�
O
ip
Q
C
n
c
J
I-
O
N
O
m
o
N `.
r
IM
o
N
C
C.
0
0
a
0
0
0
0
Q c
E
Q a
0
0
0
0
°z
o
O
O
C
(D
(°D
N
N
J
I-
O
N
O
m
o
N `.
r
m
(a
1-
1--
O
a.+
N
�2
66%
N
M
Vi
6N9
O
O
'm
is
O.
fl-
.�
U
C
C
a`
a
co
0) *
o co
Z
° m o
Z
N E L
~ U E
O ca m
z m J
N
z
Z
W
a
CL
w
0
z
a
7
z
z
a
Q
O
F-
°o_
0
V1
w
O
Z
J
a
O
U)
F-
z
W
Q
CL
F-
m
W
❑
J
Q
z
Z
a
J
Q
F-
O
f-
O
O
O
O
M
H
m
w
J
F-
0
F-
Z
ti
C
o
N
a
a
�
a
a) `c
j c
Q c
E
Q a
Q c
Q a
N
0
°z
SL
Q
aNi o
uj a`) c
❑ Q
)) c
4
O
N c m
U) Q
z0
J
I-
0
o
I c
m N `.
N L—L
N `.
co
0) *
o co
Z
° m o
Z
N E L
~ U E
O ca m
z m J
N
z
Z
W
a
CL
w
0
z
a
7
z
z
a
Q
O
F-
°o_
0
V1
w
O
Z
J
a
O
U)
F-
z
W
Q
CL
F-
m
W
❑
J
Q
z
Z
a
J
Q
F-
O
f-
O
O
O
O
M
H
m
w
J
F-
0
F-
Z
ti
C
DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of May 22, 2012
1. SGC — Engineer report on Barn
2. MGC — April 2012 Monthly financials, check register and credit card bill
3. SGC — Before and after photographs of maintenance facilities
4. SGC — Proposed graphics for hats
5. "M" Exemption Update- Five -Year Domicile and Ownership Compliance /Release of
Lien (see transfer business for record nos.)
6. "M" Exemption — Five -Year Ownership Non - Compliance (see transfer business for
record no.)
7. Additional Information Provided — Confidential (see transfer business for record no.)
8. Purchase Price Documentation Provided — Confidential (see transfer business for
record nos.)
9. Proposed Transfer Discussion (87A Hinsdale Road)
10. Monthly Financials for April 2012 (Monthly Financial Statement, plus Balance Sheet
and Income Statement)
11. Check Warrant Summary and Warrant Authorization dated May 22, 2012
12. Warrant Authorization — 2009 Series A Semi - Annual Bond Payment
13. Proposed minor Land Bank forms revisions
14. Wanoma Way — Beach Stairs Photograph
15. Viridian — Green Energy supplier /pamphlet
16. Small Friends request from attorney Rick Beaudette
17. Small Friends plans
18. Letter from DPW on Mosquito control
19. Estimate for Annual Road Grading — P.M. Reis
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of May 22, 2012
1. "M" Exemption Update:
a. Five -Year Domicile and Ownership Compliance — Release of Liens:
No. 27982 Heather M. Duval
No. 27984 Pavlin Vitanov and Bogdana Krachunova
No. 27989 David Glowacki II
b. Five -Year Ownership Non - Compliance — Notice of Assessment:
No. 30969 Caleb N. Cressman, II (300 Polpis Road)
2. Transfer Update:
a. Additional Information Provided:
No. 32274 Centerboard GH, LLC
- Received underlying beneficiary information for selling entity
b. Purchase Price Documentation Provided:
No. 32554 Peter L. Watrous
- Received fully- executed Purchase & Sale Agreement
No. 32606 Summer Salt, LLC
- Received fully- executed Purchase & Sale Agreement
c. Proposed Transfer Discussion:
No. 27584 Brett Morneau and Richard J. Aprea (87A Hinsdale Road)