HomeMy WebLinkAboutUntitled AGENDA
Nantucket Land Bank Commission
Regular Meeting of December 9, 2014
Land Bank Conference 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. Litigation
3. Real Estate Acquisition
C. GOLF BUSINESS
1. Sconset Golf Course—2015 Rates and Budget
2. Miacomet Golf Course—2015 Rates and Budget
D. PROPERTY MANAGEMENT
1. Sconset Golf Clubhouse -Nantucket Preservation Trust, Event Request
2. Lily Pond Parking Lot—Discussion
3. 28 Washington Street—Maria Mitchell Association Lease Extension
E. APPROVAL OF MINUTES
1. Regular Meeting of November 25, 2014
F. TRANSFER BUSINESS
G. FINANCIAL BUSINESS
1. Monthly Transfer Statistics
2. Warrant Authorization- Cash Disbursements
3. Warrant Authorization—Closing Costs 39 and 44 Washington Street
4. Warrant Authorization—2009A Semi-Annual Bond Payment
H. REGULAR BUSINESS
1. Annual "M" Exemption Amount—Adoption
2. 2015 Meeting Schedule
ADJOURNMENT
MINUTES
Nantucket Land Bank Commission
Regular Meeting of December 9, 2014
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 P.M.
PRESENT: Bartlett, Gardner, Paterson, Reinhard, Stackpole.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan
Campese, Administrator/Finance Manager; Marian Wilson, Assistant Administrator.
A. CITIZEN BUSINESS/ANNOUNCEMENTS: Ms. Bell mentioned the letter that was previously
emailed to the Commission from the middle school chorus teacher, Laura Bryne, thanking Ms. Bell
for her help and the Commission for generously allowing her students to use the Lily Pond property
for their Halloween Haunted Hike.
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,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.
RETURN TO OPEN SESSION
C. GOLF BUSINESS:
1. Sconset Golf Course—2015 Rates and Budget:
Commissioners Stackpole and Bartlett abstained as members of Miacomet Golf Club, and
Commissioner Gardner abstained due to his spouse being a member of Miacomet Golf Club.
At this time, the Rule of Necessity was invoked based on the fact that the Commission was unable to
obtain a quorum due to disqualification of Commissioners as members (or due to close association
with a member) of Miacomet Golf Course and, as a last resort, those disqualified participated
under the authority of the Rule of Necessity.
Upon a motion made and duly seconded, it was unanimously VOTED to ratify and confirm the
previous vote of December 8, 2014 to keep the rates the same as 2014 and approved the budget with
the additional $2,000 expense added for water.
2. Miacomet Golf Course—2015 Rates and Budget:
a. Miacomet Golf Course—Fees: Ms. Campese presented a fee schedule with the
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December 9,2014
changes voted by the Commission on December 8, 2014.
Commissioners Stackpole and Bartlett abstained as members of Miacomet Golf Club, and
Commissioner Gardner abstained due to his spouse being a member of Miacomet Golf Club.
At this time, the Rule of Necessity was invoked based on the fact that the Commission was unable to
obtain a quorum due to disqualification of Commissioners as members (or due to close association
with a member) of Miacomet Golf Course and, as a last resort, those disqualified participated
under the authority of the Rule of Necessity.
Upon a motion made and duly seconded, it was unanimously VOTED to ratify and confirm the
previous vote of December 8, 2014 to approve the proposed rates as presented.
b. Miacomet Golf Course— 100%Managers Shift Meal Discussion: Commissioner
Paterson suggested that the 100% managers shift meals be revised, suggesting instead that a 50%
discount should be applied evenly to managers as well as hourly employees. Upon a motion made
and duly seconded, it was unanimously VOTED to eliminate the policy of providing free shift
meals to management staff in favor of providing a 50% discount.
c. Miacomet Golf Course—2015 Budget: Ms. Campese presented the revised budget
based on changes recommended at the December 8, 2014 meeting as well as salary information for
1 key employees. Mr. Savetsky recommended that the commissioners wait on approving the budget
until after January 15, 2015 and Mr. Costa's annual review. He indicated that Mr. Costa should be
present to answer any questions pertinent to the 2015 budget approval process.
D. PROPERTY MANAGEMENT:
1. Sconset Golf Clubhouse—Nantucket Preservation Trust, Event Request: Ms. Bell
presented a request from the Nantucket Preservation Trust to host their Annual Fete with 350
attendees expected on Thursday, August 6, 2015 from 6:00 p.m. to 9:00 p.m. at the newly renovated
Sconset Golf Clubhouse. After some discussion, with regret,the Commission determined to deny
the request based on the size and concern about setting a precedent for large events at the new
facility.
2. Lily Pond Parking Lot—Discussion: Mr. Savetsky explained that heavy rains cascaded
down Woodbury Lane directly into the entrance of the Lily Pond parking lot causing a significant
erosion problem. He informed the Commission that property management staff planned to relocate
the parking lot entrance further down the street to prevent the runoff from entering the property.
3. 28 Washington Street—Maria Mitchell Association Lease Extension: Mr. Savetsky stated
that he met with John Daniels from the Maria Mitchell Association regarding the aquarium lease
which currently runs through 2016. Mr. Daniels requested that the lease be extended an additional
six years until 2022 as the organization has had difficulty raising the money to build the science
center and after careful consideration, were reorganizing and taking a long term approach to the
capital campaign. Upon a motion made and duly seconded, it was unanimously VOTED to extend
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December 9, 2014
the lease until 2022.
E. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was unanimously
VOTED to accept, approve and release the regular session minutes of November 25, 2014, as
written.
F. TRANSFER BUSINESS:
1.November 2014 Transfers—record Nos. 35747 through 35831: The Commission
reviewed transfers for the period of November 1, 2014 through November 30, 2014.
a. Current"M" Exemptions and Liens: The Commission authorized the placing of
liens against the following properties as a result of the purchasers claiming the"M"exemption as
first-time buyers of real property:
No. 35785 Andrea P. Solimeo, Megan A. Brown, Giovanna Solimeo
No. 35792 James Kuratek
No. 35817 Matthew Dunham
2. "M"Exemption Update:
a. Five-Year Domicile and Ownership Compliance- Release of Liens: 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. 30347 Michelle Meckler
No. 30358 Eric Shoemaker and Meghan Wiley
No. 30379 Desmond St. John Wixted and Kristina Wixted
G. FINANCIAL BUSINESS:
•
1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing calendar years
2013 and 2014 through November 2014 were presented.
2. Warrant Authorization—Cash Disbursements: Upon a motion made and duly seconded, it
was unanimously VOTED to execute the December 9, 2014 warrant document in the amount of
$318,496.76 to be provided to the county treasurer.
3. Warrant Authorization—Closing Cost 39 and 44 Washington Street: Upon a motion
made and duly seconded, it was unanimously VOTED to execute the December 9, 2014 warrant
document in an amount not to exceed $25,000 to be provided to the county treasurer for closing
costs associated with the closing of 39 and 44 Washington Street and various related Town
conveyances.
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December 9,2014
4. 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 Interest Payment in the amount of$102,733.75 from the
Land Bank's Collection Account to the Bond Trustee at U.S. Bank.
H. REGULAR BUSINESS:
1. Annual "M"Exemption Amount Adoption: Ms. Campese presented statistics for 2013
and 2014"M" exemption transfers. Based upon an analysis of those statistics and knowledge of
current sale prices for residential real property in the Town and County of Nantucket, upon a
motion made and duly seconded, it was unanimously VOTED that the value of the "M" exemption
shall remain $400,000 for the calendar year 2015.
2. 2015 Meeting Schedule: Upon a motion made and duly seconded, it was unanimously
VOTED to accept and confirm the regularly scheduled Land Bank meeting dates for 2015.
ADJOURNMENT: Upon a motion made and duly seconded, it was VOTED to adjourn at 6:28 P.M.
Attested to:
Neil Paterson, Secretary
Accepted, Approved, and Released by the VOTE
of the Commission this 13th day of January, 2015.
I I 1
len B. Remhar•, Chairman
MONTHLY TRANSFER STATISTICS CALENDAR 2013
CAL13 Total Exempt Taxable Total Gross 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 $610,981
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 45 36 $39,269,537 $36,279,537 $735,021
Aug-13 78 26 52 $103,362,429 $100,769,700 $2,023,394
Sep-13 107 31 76 $99,058,451 $97,612,951 $1,952,259
Oct-13 128 44 84 $148,561,985 $146,714,985 $2,934,300
Nov-13 88 44 44 $59,407,600 $56,541,850 $1,130,837
Dec-13 108 54 54 $77,487,991 $72,594,425 $1,451,889
THRU NOV 13 974 486 488 $723,745,925 $694,799,509 $13,906,721
Average 90 48 40 $66,769,493 $63,949,494 $1,279,884
Low 63 26 19 $28,375,401 $19,594,108 $391,882
High 128 72 84 $148,561,985 $146,714,985 $2,934,300
MONTHLY TRANSFER STATISTICS CALENDAR 2014
CAL14 Total Exempt Taxable Total Gross Gross Revenue
Month Transfers Transfers Transfers Value Value Taxable Received
Jan-14 83 54 29 $63,272,803 $61,129,303 $1,222,586
Feb-14 65 30 35 $63,662,993 $61,093,626 $1,227,863
Mar-14 71 32 39 $50,612,071 $45,933,178 $925,424
Apr-14 75 40 36 $50,709,873 $47,284,873 $945,697
May-14 80 35 45 $67,830,595 $62,968,987 $1,259,380
Jun-14 83 33 50 $96,733,991 $1,898,540 $1,922,540
Jul-14 98 48 50 $60,140,662 $56,509,302 $1,130,186
Aug-14 96 48 48 $67,983,744 $65,787,643 $1,331,753
Sep-14 100 34 66 $157,977,831 $155,555,831 $3,111,116
Oct-14 147 57 90 $168,297,186 $160,177,228 $3,203,545
Nov-14 85 38 47 $81,932,556 $80,432,556 $1,608,651
Dec-14
THRU NOV 14 983 449 535 $929,154,304 $798,771,066 $17,888,741
Average 89 48 40 $84,468,573 $72,615,551 $1,626,249
Low 65 30 29 $50,612,071 $1,898,540 $925,424
High 147 57 90 $168,297,186 $160,177,228 $3,203,545
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MONTHLY(UNAUDITED)
DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of December 9, 2014
1. Thank you letter—Middle School Chorus
2. SGC 2015 Revised Budget
3. MGC 2015 Rates - Revised
4. MGC 2015 Budget—showing changes
5. MGC 2015 Salary info
6. Nantucket Preservation Trust—Event Request for SGC
7. "M"Exemption—Release of Lien(see transfer business for no.)
8. "M"Exemption Liens(see transfer business for record nos.)
9. Transfer Report—November 2014
10. Transfer Statistics and Graph—November 2014
11. Check Warrant Summary dated December 9, 2014
12. Warrant—39 and 44 Washington Street closing cost
13. Warrant—2009 Series A Bond
14. "M"Exemption Statistics
15. Land Bank 2014 Meeting Schedule
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TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of December 9, 2014
1. November 2014 Transfers — Record Nos. 35747 through 35831:
a. Current"M"Exemptions and Liens:
No. 35785 Andrea P. Solimeo, Megan A. Brown, Giovanna Solimeo
No. 35792 James Kuratek
No. 35817 Matthew Dunham
2. "M" Exemption Update:
a. Five- Year Domicile and Ownership Compliance - Release of Lien:
No. 30347 Michelle Meckler
No. 30358 Eric Shoemaker and Meghan Wiley
No. 30379 Desmond St. John Wixted and Kristina Wixted