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HomeMy WebLinkAbout2013-10-8Nantucket Land Bank Commission Regular Meeting of October 8, 2013 Land Bank Conference Room, 22 Broad Street RECEIVED Nantucket, Massachusetts 7313 HT 23 Pn 2 41 CALL TO ORDER: 4:OOP.M. NANTUCKET TOWN CLERK A. CITIZEN BUSINESS /ANNOUNCEMENTS B. EXECUTIVE SESSION 1. Approval of Executive Session'Minutes of September 24, 2013 2. Potential Litigation 3. Real Estate Acquisition C. APPROVAL OF MINUTES 1. Regular Meeting of September 24, 2013 2. Special Meeting of October 7, 2013 D. TRANSFER BUSINESS E. FINANCIAL BUSINESS 1. Monthly Transfer Statistics 2. Warrant Authorization - Cash Disbursements 3. Warrant Authorization— Note No. 33 (Lamb) 4. MMDT Banidng Resolution F. REGULAR BUSINESS 1. Adoption of Designer Selection Procedures G. PROPERTY MANAGEMENT 1. Property Management Supervisor's Monthly Review 2. 40th Pole -Access Request for Beach Nourishment Projects I:6Ff6D1 LIu1006 1 MINUTES Nantucket Land Bank Commission Regular Meeting of October 8, 2013 Land Bank Meeting Room, 22 Broad Street Nantucket, Massachusetts CALL TO ORDER: 4:06 p.m. PRESENT: Bartlett, Paterson, Reinhard, Stackpole and Gardner. STAFF PRESENT: Eric Savetsky, Executive Director; Susan Campese, Administrator/Finance Manager; Jesse Bell, Assistant Director; Doris Strang, Assistant Administrator; Bruce Perry, Resource Planner/Ecologist. Nantucket Resident, Mr. Gene Briskman was also present when the meeting was called to order. 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, contract negotiations, potential litigation 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. Nantucket Resident, Mr. Gene Briskman and Mr. Perry departed the meeting at 4:08 p.m. RETURN TO OPEN SESSION Resource Planner /Ecologist, Bruce Perry; Property Management Supervisor, Jeffrey Pollock; Properly Manager, Robert Earley and Nantucket Resident, Gene Briskman entered the meeting at 4:45 p.m C. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was VOTED to accept, approve and release the regular session minutes of September 24, 2013 and the special meeting minutes of October 7, 2013, as written. D. TRANSFER BUSINESS: 1. September 2013 Transfers — Record Nos. 34416 through 34522: 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: Land Bank Commission Page 2 October 8, 2013 No. 34425 Jared A. Smith No. 34439 Laurent Pavie Araujo No. 34444 Amilar S. Chacon and Jorge A. Chacon No. 34485 Shane Cameron Francis Perry E. FINANCIAL BUSINESS: 1, Monthly Transfer Statistics: Monthly transfer statistics reports comparing calendar years 2012 and 2013 through September 2013 were presented. 2. Warrant Authorization — Cash Disbursements: Upon a motion made and duly seconded, it was unanimously VOTED to execute the October 8, 2013 warrant document in the amount of $98,948.80 to be provided to the county treasurer. 3. Warrant Authorization —Note No. 33 Lamb: Upon a motion made and duly seconded, it was unanimously VOTED to authorize the transfer of funds for payment of the principal due on Land Bank Note No. 33 held by Susan L. Moore, Trustee of the Lamb Nominee Trust and to issue a check payable to Susan L. Moore in the total amount of $500,000.00. 4. MMDT Banking Resolution: Upon a motion made and duly seconded, the Commission unanimously VOTED to authorize the Chairman and Secretary to execute a resolution to allow the Executive Director, Assistant Director, Administrator/Finance Manager, the Town and County Treasurer and the newly hired Assistant Administrator, Doris Strang, to issue checks, authorize wires and deposit funds into the Lank Bank accounts at MMDT. 5. Financial Statement — Distribution: Bound Audited Financial Statements of fiscal year 2013 prepared by O'Connor & Drew were distributed as well as the Six Month Financial Statements for Miacomet Golf Course and Sconset Golf Course, prepared by Burke & Lamb, P. C. F. REGULAR BUSINESS: 1. Adoption of Designer Selection Procedures: Upon a motion made and duly seconded, the Commission unanimously VOTED to adopt the Designer Selection Procedures as written and previously provided by electronic correspondence and to authorize Ms. Bell to move forward in the procurement process for Sconset Golf Clubhouse project. G. PROPERTY MANAGEMENT: 1. Property Management Supervisors Monthly Report: Mr. Pollock updated the Commission on the progress of the Crocker/Latici property. He explained that they have removed quite a bit of brush and have also brought in top soil and hydro-seed. Mr. Pollock and his crew have started the steps at Crocker and expect to complete the boardwalk soon as the property has become popular now that family scallop season is underway. He explained they have enlarged the playing field at the Hinsdale property and built a cover to bide/protect the sprinkler and timer mechanics. Mr. Pollock informed the Commission they will be closing off Madequecham and the Nobadeer parking Land Bank Commission Page 3 October 8, 2013 lots for the winter. Further, staff will continue to evaluate the trash problems at Cisco for now with the intent of installing trash and recycling bins in the spring. Additionally, property staff painted the wrought iron railing at the Far Street Park and were working with Mr. Perry on invasive species eradication, notably at the Peterson property. Mr. Pollock told the Commission he brought a Land Bank tractor and participated in the "Touch a Truck" fundraiser for the S.T.A.R. program, a local non -profit that benefits children with disabilities. 2. Property Equipment Purchase - Discussion: Mr. Earley reported the current Polaris utility vehicle (UTV) needed to be replace and after considerably research, recommended that the Land Bank purchase a new Polaris six -wheel UTV for a total purchase price (including trade -in credit) of $12,800.00. Mr. Pollock endorsed Mr. Barley's recommendation and stated the UTV is an important work tool necessary for trail maintenance and beach patrol. Upon a motion made and duly seconded, it was unanimously VOTED to authorize the purchase of the recommended UTV at a price not to exceed $13,000.00. 3. Gardner Boardwalk - Discussion: Commissioner Paterson asked Mr. Pollock how the pier installation process was going. Mr. Pollock explained he was investigating and comparing the costs of purchasing the materials and machinery needed for installation versus hiring a certified installation company that would provide the materials as well. 4.40x' Pole — Access Request for Off -Site Erosion Control: Mr. Savetsky presented a request from surveyor Arthur Gasbarro of Blackwell and Associates for two clients on Eel Point Road to drive heavy equipment across 40a' Pole to gain access to the coastal bank in front of the properties for sand drift control project for five days, with no staging and storage on the beach or beach parking lot. Further, the clients have offered to make a financial contribution of $1,000 each to the Land Bank to be used for road grading. Details of the proposal were discussed, and upon a motion made and duly seconded, it was unanimously VOTED to approve the request subject to Mr. Savetsky's final approval of the conditions. 5. Miacomet Golf Course — Funding Discussion: Commissioner Paterson suggested that a restricted fund be established to set monies aside for a new clubhouse. Donations, percentage of depreciation, new initiation fees and seed money from the Land Bank could be deposited in the account while planning for a new building was underway. Mr. Savetsky volunteered to work with Mr. Costa on a proposal for the next meeting. ADJOURNMENT: Upon a motion made d duly seconded, it was VOTED to adjourn at 5:25 p.m. Attested to: Neil Paterson, Secretary Accepted, Approved, and Released by the VOTE Land Bank Commission October 8, 2013 AB. on Z22ay of October, 2013. r , Charrma n Page 4 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 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 $51,109,793 $1,022,196 Jul- ,1 73 43 30 $46,009,291 $36,341,764 $766,835 Aug -12 77 43 34 $103,153,5431 $100,982,645 $2,035,553 Se -12 107 44 63 $75,433,5771 $72,371,463 $1,447,429 Oct -12 122 53 69 $108,499,596 $2,103,547 Nov -12 120 54 66 $98,208,732 _$105,1_77,368 $95,569,731 $1,921,313 Dec -12 448 370 78 $143,154,8551 $117,472,287 $2,349,446 THRUSEP12 Avera a 829 127 394 73 435 54 $514,710,677 $72,047,822 $470,571,316 $65,732,558 $9,427,326 $1,316,803 Low 63 35 23 $22,737,132 $22,395,132 $447,903 High 448 370 127 $143,154,855 $117,472,287 $2,349,446 MONTHLY TRANSFER STATISTICS CALENDAR 2013 CAL13 Total Exempt Taxable Total Grass Gross Revenue Month Transfers Transfers Transfers Value Value Taxable Received Jan -13 63 44 19 $34,484,687 $34,484,687 $689,694 Feb -13 82 47 35 $30,549,050 $30,549,050 $610,961 Mar -13 86 59 27 $28,375,401 $19,594,108 $391,882 Apr-13 99 72 27 $30,184,310 $27,531,512 $550,630 May-13 82 41 41 $67,451,345 $63,327,499 $1,259,850 - Jun -13 80 33 47 $83,041,129 $81,393,629 $1,627,873 Jul -13 81 1 45 36 $39,269,537 $36,279,537 $735,021 Au -13 78 26 52 $103,362,429 $100,769,700 $2,023,394 Se -13 107 31 76 $99,058,451 $97,612,951 $1,952,259 Oct -13 Nov -13 Dec -13 THRUSEP13 Average 758 84 398 44 360 40 $515,776,340 $57,308,482 $491,542,674 $54,615,853 $9,841,584 $1,093,509 Low 63 26 19 $28,375,401 $19,594,108 $391,882 High 107 72 76 $103,362,429 $100,769,700 $2,023,394 MONTHLY(UNAUDITED) DOCUMENTS AND EXHIBITS Nantucket Land Bank Commission Regular Meeting of October 8, 2013 1. "M" Exemption Lien (see transfer business for record no.) 2. Monthly Transfer Statistics and Graph 3. Transfer Report September 2013 4. Cash Disbursement 5. Warrant —Lamb Note 6. Check Warrant Summary October 8, 2013 7. Audited Financials - LB FYI 8. Financials — 6 Month MGC & SGC 9. Adoption of Design Procedures 10.40`h Pole Access Request TRANSFER BUSINESS Nantucket Land Bank Commission Regular Meeting of October 8, 2013 1. September 2013 Transfers — Record Nos. 34416 through 34522 : a. Current "M" Exemptions and Liens: No. 34425 Jared A. Smith No. 34439 Laurent Pavie Amujo No. 34444 Amilar S. Charon and Jorge A. Chacon No. 34485 Shane Cameron Francis Perry