HomeMy WebLinkAbout2012-10-23-1-(-
AGENDA
Nantucket Land Bank Commission
Regular Meeting of October 23, 2012
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 P.M.
MINUTES OF THE REGULAR MEETING OF OCTOBER 9, 2012 AND SPECIAL
MEETING OF OCTOBER 10, 2012
A. CITIZEN BUSINESS /ANNOUNCEMENTS
B. EXECUTIVE SESSION
1. Approval of Executive Session Minutes
2. Real Estate Acquisition
C. PROPERTY MANAGEMENT
1. Sconset Golf Course — Manager's Monthly Review
2. Miacomet Golf Course — Manager's Monthly Review
D. TRANSFER BUSINESS
E. FINANCIAL BUSINESS
1. Monthly Financial Report
2. Warrant Authorization — Cash Disbursements
3. FY 2012 Annual Report — Financial Summary Approval
F. REGULAR BUSINESS
1. Community Preservation Committee — Application Update
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G. PROPERTY MANAGEMENT
1. Nobadeer Farm Road /81 -91 Milestone Road — Small Friends Right of First Refusal
2. Workshop /125 Somerset Road — Project Update
ADJOURNMENT
MINUTES
Nantucket Land Bank Commission
Regular Meeting of October 23, 2012
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:02 P.M.
PRESENT: Gardner, Reinhard, Stackpole. ABSENT: Bartlett, Paterson.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Administrator /Fiscal Officer;
Susan Campese, Assistant Administrator; Bruce Perry, Resource Planner /Ecologist.
A. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was unanimously
VOTED to accept, approve and release the regular session minutes of October 9, 2012 and the
special meeting minutes of October 10, 2012, as written.
B. CITIZEN BUSINESS /ANNOUCEMENTS: None.
Mr. Perry departed the meeting at 4:04 p. m.
C. 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
Bruce Perry and Miacomet Golf General Manager, Alan Costa and Miacomet Golf Course
Superintendent, Sean Oberly entered the meeting at 4:29 p.m.
D. PROPERTY MANAGEMENT:
1. `Sconset Golf Course ( "SGC ") — Manager's Monthly Review:
a. Financial Report: The Commission reviewed the balance sheet and profit and loss
comparison through September 30, 2012, as well as the September 2012 check register. Mr. Costa
reported that income for the season was just under the projected amount and expenses were much
lower than budgeted, leaving cash available to pay back a significant portion of the start-up money
the Land Bank had advanced to SGC.
b. Capital Needs — Discussion: Mr. Oberly stated that with the exception of the barn
and repairs to the clubhouse, he did not anticipate needing repairs to the maintenance buildings
and /or any new equipment.
Land Bank Commission Page 2
October 23, 2012
2. Miacomet Golf Course ( "MGC ") — Manager's Monthly Review:
a. Financial Report: The Commission reviewed the balance sheet and profit and loss
comparison through September 30, 2012, as well as the check register for September 2012. Mr.
Costa reported the adverse weather affected play for September but overall, their net income and
cash position had improved over the prior year. Mr. Costa answered various questions from the
Commission pertaining to the check register.
b. Cartpath Update: Mr. Costa reported the bid package for the cart paths had been
downloaded 26 times and the opening was scheduled for November 1, 2012 at 10:00 a.m.
c. Restroom Update: Mr. Costa informed the Commission that the course restrooms
had worked out wonderfully and were an asset to the course.
Community Preservation Committee (CPC) Land Bank Designee, Ken Beaugrand entered the
meeting at 4:59 p. m.
d. Capital Planning /Special Meeting: Commissioner Gardner suggested having a
special meeting to discuss and make decisions on the cartpaths and master planning services. After
some discussion, the Commission determined to schedule a special meeting on November 2, 2012
at 11:00 a.m., and asked staff to post the meeting accordingly.
Mr. Costa and Mr. Oberly left the meeting at 5:05 p.m.
E. REGULAR BUSINESS:
1. Community Preservation Committee (CPC) — Review of Proposals: Mr. Beaugrand
summarized the fourteen proposals for Fiscal Year 2013 that were before the CPC for consideration
and explained his reasoning for supporting or rejecting each proposal.
Mr. Beaugrand departed the meeting at 5:31 p.m.
F. FINANCIAL BUSINESS:
1. Fiscal Year 2012 Annual Report — Financial Summary Appoval: Ms. Bell presented a
staff - prepared Land Bank financial summary, which also included Miacomet and `Sconset Golf
operations, based on the Fiscal Year 2012 audited financial statements prepared by Kevin Carnes
from O'Connor & Drew, P.C. Upon a motion made and duly seconded, it was unanimously
VOTED to accept and approve the staff - prepared financial summary for inclusion in the Land
Bank's 2012 Annual Report.
2. Monthly Financial Report: The Commission accepted the September 2012 financial
report including the balance sheet and income statement previously provided by electronic
correspondence.
Land Bank Commission Page 3
October 23, 2012
3. Warrant Authorization — Cash Disbursements: Upon a motion made and duly seconded,
it was VOTED to execute the October 23, 2012, warrant document in the amount of $152,553.48 to
be provided to the county treasurer.
G. TRANSFER BUSINESS:
1. "M" Exemption Update:
a. Five -Year Domicile and Ownership Compliance — Releases of Liens: Upon a
motion made and duly seconded, it was 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. 28031 Erik Lauritzen and Nicole Gentile
No. 28481 Ryan P. Dobbins and Gage S. Dobbins
No. 28484 Michael P. McInerney and Phyllis L. McInerney
No. 28482 Patrick Moran and Lori A. Moran
No. 28505 Maytawee Thairat and Maturod Thairat
No. 28510 Timothy Brannigan and Marie Brannigan
No. 28544 Lindsay Mohr
No. 28567 Neil E. Marttila and Andrea L. Russell
H. PROPERTY MANAGEMENT:
1. Nobadeer Farm Road /81 -91 Milestone Road — Small Friends Right of First
Refusal: Mr. Savetsky presented a request for the Land Bank to permanently waive its right of first
refusal on a portion of the Small Friends' property, as the facility wished sell a small lot with a
house on it located at the rear of the property in order to reduce their debt. After some discussion,
upon a motion made and duly seconded, it was unanimously VOTED to consent to permanently
waive the Land Bank's right of first refusal on the lot to the rear of the property.
ADJOURNMENT: U motio mad an d ly seconded, it was VOTED to adjourn at 5:38 P.M.
Attested to:
A n B. einh ecretary
Accepted, Approved, and Released by VOTE
of the Commission this 13th day of November, 2012.
John J. StacVpole,
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DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of October 23, 2012
1. SGC Financial Reports — September 2012
2. MGC Financial Reports — September 2012
3. Staff - prepared Financial Summary for FYI
4. Land Bank Financial Reports — September 2012
5. Check Warrant Summary and Warrant Authorization dated October 23, 2012
6. "M" Exemption Update /Five -Year Domicile & Ownership Compliance Release of
Liens (see transfer business for record nos.)
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of October 23, 2012
1. "M" Exemption Update:
a. Five -Year Domicile and Ownership Compliance — Release of Liens:
No. 28031 Erik Lauritzen and Nicole Gentile
No. 28481 Ryan P. Dobbins and Gage S. Dobbins
No. 28484 Michael P. McInerney and Phyllis L. McInerney
No. 28482 Patrick Moran and Lori A. Moran
No. 28505 Maytawee Thairat and Maturod Thairat
No. 28510 Timothy Brannigan and Marie Brannigan
No. 28544 Lindsay Mohr
No. 28567 Neil E. Marttila and Andrea L. Russell