HomeMy WebLinkAbout2015-8-11AGENDA
Nantucket Land Bank Commission
Regular Meeting of August 11, 2015
Land Bank Conference Room, 22 Broad Street
Nantucket, Massachusetts -
CALL TO ORDER: 4:00 P.M.
A. CITIZEN BUSINESS /ANNOUNCEMENTS
B. EXECUTIVE SESSION
1. Real Estate Acquisition
C. APPROVAL OF MINUTES
1. Regular Meeting of July 28, 2015
D. GOLF BUSINESS
1. Miacomet Golf Courses - Annual Membership Meeting
2. Miacomet Golf Clubhouse — Planning Discussion
3. Sconset Golf Clubhouse - Update
E. PROPERTY MANAGEMENT
1. Andrews /Cathcart Road Parking Lot Expansion Update
F. TRANSFER BUSINESS
G. FINANCIAL BUSINESS
1. Monthly Transfer Statistics
2. Warrant Authorization — Cash Disbursements
ADJOURNMENT
MINUTES
Nantucket Land Bank Commission
Regular Meeting of August 11, 2015
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:05 p.m.
PRESENT: Gardner, Glidden, Paterson, Reinhard, Stackpole.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan
Campese, Administrator /Finance Manager; Marian Wilson, Assistant Administrator.
Commercial Wharf resident Ruth Barney was also present at call to order.
A. CITIZEN BUSINESS /ANNOUNCEMENTS:
1. Petrel Landing - Discussion: Mrs. Barney presented the Commissioners with a letter
listing her concerns regarding the proposed plans for future development of this property. Mrs.
Barney's primary concerns included an increase in noise, water view obstruction if a 140 foot dock
is installed and the dinghy dock. However, they would support developing a park on the land.
Chairman Reinhard thanked Mrs. Barney for her comments and assured her that the board would
take into consideration her concerns in the planning process.
Mrs. Barney departed the meeting at 4:10 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. 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. APPROVAL OF MINUTES: Upon a motion made and duly seconded, it was unanimously
VOTED to accept, approve and release the regular session minutes of July 28, 2015, as written.
D. GOLF BUSINESS:
1. Miacomet (MGC) and Sconset Golf Courses (SGC) — Annual Membership Meeting: Mr.
Savetsky reminded the Commission that the Annual Membership Meeting is on Monday, August
31, 2015 at 5:00 p.m. at Miacomet Golf Course. The Commission agreed that the Land Bank should
not be a speaker at this meeting; however some Commissioners will be in attendance at the meeting.
2. Miacomet Clubhouse — Planning Discussion: Mr. Savetsky distributed a memorandum
Land Bank Commission Page 2
August 11, 2015
outlining various questions that needed to be answered in order to move forward with the clubhouse
planning. Further, Mr. Savetsky scheduled a special workshop meeting on Tuesday, August 18,
2015 at 9:00 a.m. in order to discuss the Commissioners answers to the memorandum regarding the
plans and cost of the Miacomet Golf Clubhouse project and financing options.
3. Sconset Clubhouse — Update: Ms. Bell informed the Commission that the renovation was
almost complete and the initial reception of the project has been positive. In addition, she
commented that it is difficult to find the 7th tee after completing play at 6th hole and she mentioned
it to Mr. Costa.
E. PROPERTY MANAGEMENT:
1. Andrews /22 Cathcart Road — Management Update: Mr. Savetsky reported that the
Conservation Commission approved cutting into the bank to expand the parking lot. It was the
consensus of the Commission to try to complete the project prior to the beginning of recreational
scalloping season.
F. TRANSFER BUSINESS:
1. July 2014 Transfers — Record Nos. 36429 through 36529: The Commission reviewed
transfers for the period of July 1, 2015 through July 31, 2015.
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. 36491 Terence John Watterson, Il and Jacquelyn Boucher Watterson
No. 36496 Brett T. Watts and Alexia H. Watts
No. 36512 Rebecca Becker and Brendan Mailloux
No. 36520 Stephen Maury and Julia Kuratek
G. FINANCIAL BUSINESS:
1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing calendar years
2014 and 2015 through July 2015 were presented.
2. Warrant Authorization — Cash Disbursements: Upon a motion made and duly seconded, it
was unanimously VOTED to execute the August 11, 2015 warrant document in the amount of
$348,421.05 to be provided to the county treasurer.
Land Bank Commission
August 11, 2015
Page 3
ADJOURNMENT: Upon a motion made and duly seconded, it was VOTED to adjourn at 5:15 p.m.
Attested to:
Richard Gli
Accepted, Approved, and Released by the VOTE
of t)Qe Commission tIA 25th day of August, 2015.
MONTHLY TRANSFER STATISTICS CALENDAR 2014
$412,001,101
$58,857,300
$8,252,311
$1,178,902
Low
67
36
CAL14
Total
Exempt
Taxable
Total Gross
Month
Transfers
Transfers
Transfers
Value
$1,512,844
Jan -14
83
54
29
$63,272,803
Feb -14
65
30
35
$63,662,993
Mar -14
71
32
39
$50,612,071
Apr -14
75
40
36
$50,709,873
May -14
80
35
45
$67,830,595
Jun -14
83
33
50
$96,733,991
Jul -14
98
48
50
$60,140,662
Aug -14
96
48
48
$67,983,744
Sep -14
100
34
66
$157,977,831
Oct -14
147
57
90
$168,297,186
Nov -14
85
38
47
$81,932,556
Dec -14
106
59
47
$115,148,049
THRU JUL 14
555
272
284
$452,962,987
Average
42
42
49
$87,025,196
Low
65
30
29
$50,612,071
High
147
59
90
$168,297,186
MONTHLY TRANSFER STATISTICS CALENDAR 2015
CAL15
Total
Exempt
Taxable
Total Gross
Month
Transfers
Transfers
Transfers
Value
Jan -15
90
50
40
$77,446,898
Feb -15
67
36
31
$54,657,080
_
Mar -15
78
42
36
$66,685,997
Apr -15
89
68
21
$25,228,870
May -15
79
39
40
$60,423,403
Jun -15
84
39
45
$73,568,786
Jul -15
100
55
61
$76,650,262
Aug -15
Sep -15
Oct -15
Nov -15
Gross
Value Taxable
$61,129,303
$61,093,626
$45,933,178
$47,284,873
$62,968,987
$94,926,991
$56,509,302
$65,787,643
$155,555,831
$160,177,228
$80,432,556
$106,237,418
$429,846,259
$83,169,745
$45,933,178
$160,177,228
Gross
Value Taxable
$69,668,046
$52,845,679
$62,665,997
$21,234,800
$58,811,717
$71,722,100
$75.052.762
Revenue
Received
$1,222,586
$1,227,863
$925,424
$945,697
$1,259,380
$1,922,540
$1,130,186
$1,331,753
$3,111,116
$3,203,545
$1,608,651
$2,132,248
$8,633,676
$1,668,416
$925,424
$3.203.545
Revenue
Received
$1,393,861
$1,056,914
$1,253,320
$424,696
$1,176,234
$1,434,442
$1,512,844
THRU JUL 15 587 329 274 $434,661,297
Average 84 47 39 $62,094,471
$412,001,101
$58,857,300
$8,252,311
$1,178,902
Low
67
36
21
$25,228,870
$21,234,800
$424,696
High
100
68
61
$77,446,898
$75,052,762
$1,512,844
MONTHLY (UNAUDITED)
DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of August 11, 2015
1. Barney Letter re: Petrel Landing
2. Savetsky MGC Clubhouse Memorandum
3. Monthly Transfer Report — July 2015
4. "M" Exemption Liens (see transfer business for record nos.)
5. Transfer Statistics and Graphs — July 2015
6. Check Warrant Summary dated August 11, 2015
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of August 11, 2015
1. July 2015 Transfers — Record Nos. 36429 through 36529:
a. Current "M" Exemptions and Liens:
No. 36491 Terence John Watterson, I1 and Jacquelyn Boucher Watterson
No. 36496 Brett T. Watts and Alexia H. Watts
No. 36512 Rebecca Becker and Brendan Mailloux
No. 36520 Stephen Maury and Julia Kuratek