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HomeMy WebLinkAbout2012-7-10L. AGENDA Nantucket Land Bank Commission Regular Meeting of July 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 z c � C') r- m ry -i U1 C) .D C-.) r r71 W :-0 Co M rn n rn rn 0 C. MINUTES OF THE REGULAR MEETING OF JUNE 26, 2012 AND SPECIAL MEETING OF JUNE 29, 2012 D. TRANSFER BUSINESS E. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization — Fiscal Year 2012 Cash Disbursements 3. Warrant Authorization — Cash Disbursements 4. Fiscal Year 2013 Budget Approval F. REGULAR BUSINESS 1. Hummock Pond Road Bike Path 2. Mobile Food Vending Request G. PROPERTY MANAGEMENT 1. Golf Course Capital Planning Committee Update ADJOURNMENT MINUTES Nantucket Land Bank Commission Regular Meeting of July 10, 2012 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:01 p.m. PRESENT: Gardner, Paterson, Reinhard, Stackpole. ABSENT: Bartlett. STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Administrator /Fiscal Officer; Susan Campese, Assistant Administrator. A. CITIZEN BUSINESS /ANNOUNCEMENTS: None. Commissioner Bartlett entered the meeting at 4: 02 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, 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 Mr. Perry, Resource Planner /Ecologist entered the meeting at 4:18 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 June 26, 2012, and the special meeting minutes of June 29, 2012, as written. D. TRANSFER BUSINESS: 1. Transfer Hearing Decision and Determination — No. 30969 Caleb N. Cressman, I1: Pursuant to the requirements of Massachusetts General Court Acts of 1983, Chapter 669 (the "Act "), as amended, Section 14(a), after a discussion of the matter, a review of the proposed decision and determination, and after a hearing held at 4:00 p.m., Tuesday, June 26, 2012, at the Land Bank Meeting Room, 22 Broad Street, Nantucket, the Commission entered a decision and determination. Upon a motion made and duly seconded, it was VOTED that the Decision and Determination as presented are consistent with the instructions provided to staff by the Commission and therefore it was accepted as presented. A copy of the signed Decision and Determination shall be attached to the minutes of this meeting and incorporated therein by reference. The vote was unanimous. Land Bank Commission July 10, 2012 Page 2 2. June 2012 Transfers — Record Nos. 32725 through 32817: The Commission reviewed transfers for the period of June 1, 2012 through June 30, 2012. a. Current "M" Exemptions and Liens: The Commission authorized the placing of a lien against each of the following properties as a result of the purchasers claiming the "M" exemption as first -time buyers of real property: No. 32771 Patricia AF Roggeveen No. 32772 Frederick Bisaillon and Denise Corson No. 31780 Kimberly E. Sparks E. FINANCIAL BUSINESS: 1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing fiscal years 2011 and 2012 and calendar years 2011 and 2012 through June 2012 were presented. 2. Warrant Authorization — Fiscal Year -End 2012: Upon a motion made and duly seconded, it was unanimously VOTED to execute the fiscal year -end June 30, 2012 warrant document in the amount of $73,909.68 to be provided to the county treasurer. 3. Warrant Authorization — Cash Disbursements: Upon a motion made and duly seconded, it was unanimously VOTED to execute the July 10, 2012 warrant document in the amount of $31,266.35 to be provided to the county treasurer. F. PROPERTY MANAGEMENT: 1. Petrel Landing /Commercial Street: Mr. Savetsky reported on having a strategic planning meeting with attorney Sarah Alger, licensed professional engineer Arthur Gasbarro and Mr. Perry for the permitting and design of the bulkhead and dock project at Petrel Landing, recommending that a staff level meeting with interested stakeholders might be beneficial to have soon. Additionally, Mr. Savetsky indicated that the first round of sediment sampling, eel grass and shellfish testing was already underway. G. FINANCIAL BUSINESS (continued): 1. Fiscal Year 2013 Budget: Mr. Savetsky presented the Fiscal Year 2012 Budget Comparison (showing approved vs. actual expenditures) and Fiscal Year 2013 Proposed Budget for the Commission's review. Upon a motion made and duly seconded, it was unanimously VOTED to approve the Fiscal Year 2013 proposed budget as presented. H. REGULAR BUSINESS: 1. Mobile Food Vending Request: Mr. Savetsky presented a proposal from Clara Bingham (dba "Bus Boys ") to operate a mobile vending concession serving drinks, chips and packaged ice cream at various locations including Cisco, Ladies and Madequecham Beaches. After some Land Bank Commission July 10, 2012 Page 3 discussion, upon a motion made and duly seconded, the Commission unanimously VOTED to approve the request and grant a one -year license to "Bus Boys" so long as they obtain all necessary Town permits and provide trash receptacles when stopped at each location. I. PROPERTY MANAGEMENT: 1. Golf Course Capital Planning Committee Update: As Chairman of the golf capital improvements committee, Commissioner Gardner reported on the substance of discussions at two meetings and requested that Mr. Savetsky be voted in as an additional member of the committee. Upon a motion made and duly seconded, it was unanimously VOTED to approve the request. Commissioner Gardner continued, stating that the focus of the committee was to identify and prioritize future capital needs of `Sconset and Miacomet Golf Courses (including grounds, facilities and equipment), develop a timeline for such projects and estimate associated costs. As a first step, the committee recommended developing a master plan for the layout of facilities. Additionally, improving the condition of the cart paths was identified as a top priority for the committee and paving them was considered to be the best long term solution. After reviewing previous paving plans, upon a motion made and duly seconded, it was unanimously VOTED to authorize the expenditure of funds out of Miacomet Golf's operating budget to revise the plans and come up with cost estimates for the project. 2. Golf Planning Meetings — Discussion: The consensus of the committee was that regularly scheduled golf meetings were not necessary at this time, and that special golf meetings should continue to be scheduled on an `as needed' basis. Robert Williams entered the meeting at 4:59 p.m. 3. Coffin Family Membership — Discussion: Mr. Savetsky reported on receiving a call from realtor Gloria Grimshaw on behalf of her client Stephanie Coffin to inquire about the Coffin family members receiving lifetime memberships to `Sconset Golf. After some discussion, the Commission asked Mr. Savetsky to find out how many grandchildren there were before making a decision. 4. Friends of Sconset Golf — Update: Mr. Savetsky presented a mission statement and proposal from Judy Zurheidi with a plan of actions to be taken by the newly formed group in order to start gathering historical information about the course, including starting a website, holding gams and creating a link to the website and email on the Land Bank's website. 5. `Sconset Golf Barn — Discussion: Commissioner Paterson inquired about the process of applying for a Community Preservation Committee (CPC) grant for the historical renovation of the `Sconset Golf Barn. Mr. Savetsky reported that he had received information from CPC Chairman, Ken Beaugrand and the process had begun with the assistance of architect William McGuire for the September 14, 2012 filing deadline. J. REGULAR BUSINESS: 1. Hummock Pond Road Bike Path: Robert Williams of the Friends of Hummock Pond Land Bank Commission Page 4 July 10, 2012 Road Bike Path was in attendance to present the Town of Nantucket's bid specifications for the bike path to Cisco Beach, pointing out that the proposed path ended about 1500 short of the Land Bank's Cisco Beach parking lot. He reported on meeting with three homeowners associations and many neighbors, and the overwhelming consensus was that the bike path needed to continue to the beach. Further, although the Town was reluctant to alter the bid specifications at this time, they were willing to eliminate the bike racks at the terminus and support the public and Land Bank continuing the bike path to the beach. After some discussion, it was the consensus of the Commission that the path should continue to the beach, indicating that they would support the concept of having plans drawn up for that purpose. Mr. Williams departed the meeting at 5:40 p.m. K. PROPERTY MANAGEMENT: Continued. 1. Cisco Brewers — Discussion: Commissioner Bartlett reported that parking for Cisco Brewery along Bartlett Farm and Hummock Pond Roads was an increasing safety issue and often blocked access to the Land Bank's lot at Mount Vernon Farm. Various options were discussed, such as moving the gate and /or installing additional signage at the entrance to the lot. Mr. Perry suggested that the Commission wait until the next meeting to make a decision so that he could come back and present a sketch plan for them to consider. ADJOURNMENT: Attested to: Accepted, Approved, and Released by the VOTE of the Commission this 24th day of July, 2012. t John J. Sta kpol ,Chair an )TED to adjourn at 5:46 p.m. NANTUCKET LAND BANK COMMISSION 22 Broad Street Nantucket, Massachusetts, 02554 DECISION AND DETERMINATION In the matter of: Transfer Record No. 30969, Caleb N. Cressman (the "Purchaser "), pursuant to Notice of Assessment dated May 23, 2012, regarding Premises at 300 Polpis Road (Assessor's Map 20, Parcel 11), Nantucket, Massachusetts. FACTS 1. Pursuant to the requirements of the 1983 Acts and Resolves of the Massachusetts General Court, Chapter 669, as amended (the "Act "), Section 14(a), the Nantucket Islands Land Bank Commission (the "Land Bank ") hereby enters this decision and determination, after a hearing held 4:00 P.M., Tuesday, June 26, 2012, at the Land Bank Meeting Room, 22 Broad Street, Nantucket. This decision and determination is based upon the Commission's record in this matter. 2. Present at the hearing for the Purchaser were the Purchaser and his legal representative, Attorney Arthur I. Reade. 3. Land Bank Transfer Record No. 30969 involved the transfer of property located at 300 Polpis Road (the "Property ") by deed from Laura B. Hussey (the "Seller ") to the Purchaser for a stated purchase price of $750,000 on August 31, 2010 (the "Time of Transfer "). 4. At the Time of Transfer the agreed value of the Property was $1,750,000.00. The consideration of the conveyance consisted of a monetary payment of $750,000.00 and the making of a gift from the Seller to the Purchaser in the amount of the excess in value of the property above the monetary consideration paid by the Purchaser. 5. At the Time of Transfer the Purchaser claimed the "M" exemption (the "Exemption ") from the Nantucket Land Bank fee (the "Fee ") on the first $400,000 of the purchase price, pursuant to Section 12 ( -m -) of the Act, as a first -time buyer of real property. 6. As stated in Section 12 ( -m -) of the Act, the "M" Exemption applies to: "a purchaser who, or whose spouse at the time of transfer, has at no time before the said transfer owned or possessed any real property interest as defined in section 1 either within or without Nantucket county; but the purchaser shall make the real property interest which is the subject of the transfer the purchaser's actual domicile within 1 year of the time of transfer, and shall remain permanently or for an indefinite time and without any certain purpose to return to a former place of abode." Decision and Determination Record No. 30969; Cressman 7. Further, Section 12 ( -m -) of the Act and Section 4.16 of the Rules and Regulations of the Commission state: "In the event of a later transfer within 5 years of the transfer exempted from the fee under this paragraph, other than the transfer of a mortgage to an institutional lender, the fee exempted shall become due, together with the accumulated interest and penalties, and in addition to any fee otherwise due as a result of the later transfer. The purchaser shall certify as to the foregoing, and the Commission shall attach to the deed a certificate which shall recite the fact that there is running with the land a lien equal to the amount of the fee exempted plus accumulated interest and penalties until such time as all conditions of this subsection have been met." 8. On May 4, 2012, the Purchaser transferred a portion (approximately 4.4 acres) of the Property to Tessa B. Cressman, filed as Transfer Record No. 32653 for a stated purchase price of $500,000. 9. The Land Bank assessed a fee, together with interest and penalty, as evidenced by a Notice of Assessment dated May 23, 2012, which was issued in response to the Purchaser's later transfer within five years of the transfer exempted from the fee. 10. Land Bank Administrator /Fiscal Officer, Jesse Bell, presented the circumstances of the transfers and provided a summary of the Commission's record on this matter. 11. The following exhibits were made part of the Commission's official record without objection by the Purchaser's attorney and are incorporated herein by reference: Exhibit A, Transfer Documents Record No. 30969, including Form A and deed conveying 300 Polpis Road (approximately 8.8 acres) from Laura B. Hussey to Caleb N. Cressman, II, with a purchase price of $750,000 (claiming "C" exemption on $1,000,000 of agreed value of $1,750,000 and "M" exemption on $400,000 of stated purchase price), recorded at the Nantucket Registry of Deeds on August 31, 2010, as Book 1242, Page 339; Exhibit B, Nantucket Islands Land Bank Notice of Lien dated September 15, 2010, to Caleb N. Cressman, II, recorded at the Nantucket Registry of Deeds as Book 1245, Page 57 on September 15, 2010; Exhibit C, Correspondence from the Nantucket Islands Land Bank to Caleb N. Cressman, II dated September 1, 2010, restating the requirements of the "M" Exemption; Exhibit D, Plan by Josiah S. Barrett, dated February 28, 1963, recorded at the Nantucket Registry of Deeds as Plan Book 16, Page 8; Exhibit E, Transfer Documents Record No. 32653, including Form 1 and deed conveying 300 Polpis Road (approximately 4.4 acres) from Caleb N. Cressman, II, to Tessa B. Cressman, for a purchase price of $500,000 (claiming "M" exemption on $400,000), recorded at the Nantucket Registry of Deeds on May 4, 2012, as Book 1326, Page 90; Page 2 of 5 Decision and Determination Record No. 30969; Cressman Exhibit F, Nantucket Islands Land Bank Notice of Lien dated June 13, 2012, to Tessa B. Cressman, recorded at the Nantucket Registry of Deeds as Book 1331, Page 130 on June 13, 2012; Exhibit G, Plan by Blackwell & Associates, Inc., dated September 7, 2011, recorded as Plan No. 2012 -32; Exhibit H, Email correspondence regarding "M" exemption non - compliance from Jesse Bell to Arthur Reade dated May 9, 2012 (10:58 AM) and response email from Arthur Reade to Jesse Bell dated May 9, 2012 (2:43 PM); Exhibit I, Notice of Assessment from the Nantucket Islands Land Bank Commission dated May. 23, 2012, to Caleb N. Cressman, II, and cover letter from John J. Stackpole, Chairman, Nantucket Land Bank Commission, dated May 23, 2012, to Caleb N. Cressman, II, sent by certified mail, return receipt requested; Exhibit J, Correspondence dated May 30, 2012, from Steven Cohen, Esq. to John J. Stackpole, Chairman, Nantucket Land Bank Commission, requesting a hearing on Nantucket Islands Land Bank Notice of Assessment to Caleb N. Cressman, II; Exhibit K, Email string including (i) correspondence from Jesse Bell dated May 31, 2012 (11:40 AM) to Steven Cohen suggesting June 26, 2012, as the hearing date and inquiring as to who would be representing on the matter; (ii) correspondence from Steven Cohen dated May 31, 2012 (12:21 PM) to Arthur Reade and Jesse Bell; (iii) correspondence from Arthur Reade dated May 31, 2012 (7:04 PM) accepting the proposed June 26, 2012 hearing date and confirming his representation on the matter; and (iv) correspondence from Steven Cohen dated May 31, 2012 (7:42 PM) to Jesse Bell and Arthur Reade acknowledging the hearing date and attorney Reade's representation; Exhibit L, Provisions of the Land Bank Act and Rules and Regulations of the Commission which are applicable to the "M" exemption; more specifically, Section 12 ( -m -) of Chapter 669 of the Acts of 1983, as amended, and Section 4.16 of the Rules and Regulations of the Nantucket Islands Land Bank Commission; Exhibit M, Email correspondence regarding exhibit list and exhibits, as well as hearing scheduling from Jesse Bell to Arthur Reade dated June 20, 2012 (2:14 PM); response email from Arthur Reade to Jesse Bell dated June 22, 2012 (11:20 AM), confirming acceptance of the proposed exhibit list, exhibits and hearing time, and indicating that his client will be in attendance. 12. Pursuant to Section 12 of the Act, the burden of proof as to whether an exemption is applicable rests on the Purchasers. 13. The Purchaser's Attorney requested this hearing in order to present his argument as to why he believes the Purchaser is still in compliance with the requirements of the Exemption. Page 3 of 5 Decision and Determination Record No. 30969; Cressman 14. The Purchaser's Attorney presented his interpretation of the requirements of the Exemption and argued that although there was a later transfer of a portion of the Property, the Purchaser should be entitled to retain his claim of the "M" Exemption, in this instance, as a result of the Purchaser's continued domicile on the portion of the Property which was not transferred to Tessa Cressman. FINDINGS 1. Based on the facts, documentation and information provided at the hearing, the Commission finds that the Purchaser is not in compliance with the "ownership" requirement of the Exemption. 2. The Commission finds that the Purchaser has failed to meet the burden of proof that Transfer Record No. 30969 remained exempt from the Land Bank fee pursuant to Section 12 ( -m -) of the Act as of May 4, 2012. 3. The intention of the Section 12 ( -m -) of the Land Bank Act is to provide a substantial savings to first -time homebuyers who wish to make Nantucket their home, to discourage developers and speculators from claiming and profiting from the exemption by requiring them to own the property for a period of five years and requiring purchasers to make the property their actual domicile within the first year of ownership. 4. The Purchaser has not fulfilled the ownership requirement of Section 12 ( -m -) as a result of a subsequent transfer of a portion of the Property on May 4, 2012 to Tessa B. Cressman. DETERMINATION ACCORDINGLY, the Commission finds that pursuant to the requirements of the ( -m -) exemption as outlined in Section 12 ( -m -) of the Act, the exempted Land Bank fee is due, together with accumulated interest and penalties. However, in recognition of the Purchaser continuing to satisfy the domicile requirements of Section 12 ( -m -) of the Act and in anticipation of the Purchaser's good faith efforts to cooperate, upon a motion made and duly seconded, it was VOTED to extend a period of 30 (thirty) days from the date hereof within which the Purchaser may pay back the exempted Land Bank fee in the amount of $8,000 without incurring interest and penalty. The Commission reserves the right to hereafter revise said assessment in the best interests of the Land Bank. Purchaser has the rights set forth in the attached copy of the Act, for further proceedings in connection with this Decision and Determination. Page 4 of 5 Decision and Determination Record No. 30969; Cressman WITNESS our hands and seals this 10th day of July, 2012. NANTUCKET ISLANDS LAND BANK By Its Commission: ,� Philip . Bartlett J Robert L. Gardne Neil Paterson Page 5 of 5 TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of July 10, 2012 1. Transfer Hearing Decision and Determination; Release of Lien: No. 30969 Caleb N. Cressman, II 2. June 2012 Transfers — Record Nos. 32725 through 32817: a. Current "M" Exemptions: No. 32771 Patricia AF Roggeveen No. 32772 Frederick Bisaillon and Denise Corson No. 32780 Kimberly E. Sparks 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 $33,663,500 $31,223,500 $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 - - - - - - TOTAL Average - - -- 923 77 505 42 418 35 $702,108,204 $58,509,017 $648,250,130 $54,020,844 $13,007,003 $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-1. 1 94 43 51 $74,154,881 $71,949,006 $1,438,980 1 78 44 34 $56,393,735 $55,156,935 $1,103,139 --Oct-1 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 -12 63 40 23 $22,737,132 $22,395,132 $447,903 _ __Jan Feb -12 71 35 36 _ $43,728,802 $43,055,537 $861,111 Mar -12 79 47 32 $34,458,370 $30,543,200 $610,864 Apr -12 171 44 127 $50,851,251 $47,713,751 $954,275 May -12 95 _ 47 48 $85,339,814 $64,058,031 $1,281,161 Jun -12 93 51 42 $52,998,896 $51,109,7931 $1,022,196 TOTAL Average 1,131 94 602 50 529 44 $616,582,563 $51,381,880 $570,949,284 $47,579,107 $11,426,986 $952,249 Low 63 35 22 $22,737,132 $22,395,132 $447,903 High 171 89 127 $85,339,814 $71,949,006 $1,438,980 MONTHLY (UNAUDITED) MONTHLY TRANSFER STATISTICS CALENDAR 2011 Total Exempt Taxable Total Gross Gross Revenue _ __CAL11 Month Transfers Transfers Transfers _ Value Value Taxable Received 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 $33,663,500 $31,223,500 $628,470 Apr -11 57 20 _ _ 37 $40,311,309 $39,448,100 $788,962 _ May -11 Jun -11 64 65 1 37 30 27 35 $44,795,705 $66,953,3401 $39,482,705 $64,374,3401 $799,654 $1,287,487 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 THRU JUN 11 Average 389 79 230 47 159 32 $230,364,172 $46,402,706 $211,435,963 $43,625,817 $4,242,719 $874,350 Low 57 20 13 $21,162,865 $14,910,365 $298,207 _ High 136 _ 89 51 $74,154,881 $71,949,006 ! $1,438,980 MONTHLY TRANSFER STATISTICS CALENDAR 2012 CAL12 Total Exempt Taxable Total Gross Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received 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 47 32 $34,458,370 $30,543,200 $610,864 _ -12 171 44 127 $50,851,251 $47,713,751 $954,275 _Apr May -12 Jun -12 95 93 47 51 48 42 $85,339,814 $52,998,8961 $64,058,031 $51,109,793 $1,281,161 $1,022,196 Jul -12 - - Aug -12 - Sep -12_ - - - -- Oct -12 - _ _ _Nov -12 Dec -12 THRU JUN 12 572 95 264 44 308 51 $290,114,265 $48,352,378 $258,875,445 $43,145,907 $5,177,509 $862,918 --Average Low 63 35 23 $22,737,132 $22,395,132 $447,903 High 171 51 127 $85,339,814 $64,058,031 $1,281,161 I I MONTHLY (UNAUDITED) DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of July 10, 2012 1. No. 30969 Caleb N. Cressman, II — Transfer Hearing Decision and Determination 2. Monthly Transfer Report — May 2012 3. "M" Exemption Lien (see transfer business for record no.) 4. Monthly Transfer Statistics and Graph Fiscal Year 5. Monthly Transfer Statistics and Graph Calendar Year 6. Check Warrant Summary and Warrant Authorization dated June 30, 2012 7. Check Warrant Summary and Warrant Authorization dated July 10, 2012 8. FYI Budget 9. Mobile Vending proposal 10. Golf Capital Committee Handout 11. `Sconset Golf — Citizen's group proposal and picture 12. Hummock Pond Road Bike path plans, etc. 13. Jude Perkins — Letter to Town re: Appleton Road Property