HomeMy WebLinkAbout2013-10-7MINUTES
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Nantucket Land Bank Commission
Special Meeting of October 7, 2013
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Land Bank Meeting Room, 22 Broad Street
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Nantucket, Massachusetts
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CALL TO ORDER: 9:02 a.m.
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PRESENT: Bartlett, Gardner, Paterson, Reinhard. ABSENT: S[ackpole.
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STAFF PRESENT: Eric Savetsky, Executive Director, Jesse Bell, Assistant Director; Susan
Campese,
Administrator/Fir ance Manager.
Bob Williams and Charlie Williams were also present at call to order.
A. GOLF BUSINESS:
I. Miacomet Golf Course ( "MGC ") - Financial Planning Discussion: Bob Williams and
Charlie Williams updated the Commission on the members meeting regarding the
conceptual rate increases for a new clubhouse. They reported the consensus of the
members present agreed that the cost of a new clubhouse should be shared between the
members, non - members and Land Bank. Further, they were positive about the addition of
a practice facility to the course. However, they would not commit to endorsing a price
increase before there were conceptual plans. The members expressed concern that since
the family rate at MGC was currently higher than the family rate at Sankaty Head Golf
Club ("SHGC"), that rate should not be increased.
2. Island Clubhouse Visits — Discussion: Chairman Reinhard reported that his toms of
SHGC and Nantucket Golf Club ( "NGC') were very helpful, as he liked the community
feeling of SHGC but felt NGC was too generic. Additionally, lemming about the limited
event policies was helpful and he noted that the practice areas were important features for
both courses.
3. Financial Planning Workgroup Next Step - Discussion: As the next logical step in the
process, Mr. R. Williams asked if the workgroup could measure the existing spaces and
further study current uses and capacity needs. Mr. Savetsky recommended that a
spreadsheet be created to compare existing with proposed square footage of each room.
The consensus of the Commission was to move forward with determining current spaces
and further, to talk to year -round staff regarding uses and traffic flow within the
buildings. Commissioner Paterson suggested that during the planning stage, a capital
fund gets established from a percentage of depreciation and new initiation fees. Mr. C.
Williams updated the Commission on a new level debt bonding scenario that amortized
the principal at a higher rate in the beginning of the term. Discussion ensued regarding a
single or two story structure, event needs, building layouts and the use of outside space
and tents.
Mr. R. Williams and Mr. C. Williams departed the meeting at 10:10 a.m.
Mr. Savetsky stated that the Commission needed to make some policy decisions which
would in turn dictate space needs in a new clubhouse. Further, he recommended that the
clubhouse, golf storage building and practice facility be addressed as separate projects
under the master plan. Commissioner Paterson stated that the Commission needed a
Land Bank Commission
June 26, 2013
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clearer understanding of the financial workings of MGC so informed decisions can be
made. Mr. Savetsky reminded the Financial Planning Workgroup recommended a Chief
Financial Officer be hired to oversee the finances and report back to the Commission on a
monthly basis.
4. Sconset Golf Clubhouse — Community Preservation Committee ( "CPC ") Application
Feedback: Commissioners Gardner and Reinhard reported on receiving feedback from
two CPC members (Rich Brannigan and Ken Beaugrand) who said that the application
and presentation made by Ms. Bell was comprehensive and very well done. The
Commission commended Ms. Bell on her hard work on the project.
ADJOURNMENT: Upon a motion made and my seconded, it was VOTED to adjourn at 10:40 a.m.
Attested to: .�w.
Neil Paterson, Secretary
Accepted, Approved, and Released by the VOTE
of mmission th th da of October, 2013.
A n . Rei d, Chairman
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AGENDA
Nantucket Land Bank Commission
Special Meeting of October 7, 2013
Land Bank Conference Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 9:00 A.M.
A. GOLF BUSINESS
1. Miacomet Golf Course - Financial Planning Discussion
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