HomeMy WebLinkAbout2017-1-9MINUTES
Nantucket Land Bank Commission
Special Meeting of January 9, 2017
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 3:00 P.M.
PRESENT: Gardner, Glidden, Paterson, Reinhard. ABSENT: Stackpole.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan
Campese, Administrator /Finance Manager.
Also present at call to order: Golf Controller, Walter Lankau; Nantucket Golf Management (NGLI
President, Alan Costa; Miacomet Golf Course (MGC) Superintendent, Sean Oberly; Inquirer and
Mirror Editor, Marianne Stanton and Reporter, Peter Sutters.
A. GOLF BUSINESS:
1. Sconset Golf Course (SGC) - Proposed 2017 Budget Discussion: Mr. Costa presented the
draft 2017 six month budget. Mr. Costa explained that this was just a six month budget with the
course only being open for five weeks, the numbers reflected a loss. Upon a motion made by
Commissioner Glidden and duly seconded by Commissioner Paterson, it was unanimously VOTED
to approve the budget as presented.
2. Miacomet Golf Course (MGC) - Proposed 2017 Budget Discussion: Mr. Costa presented
a draft of the 2017 six month budget previously provided by electronic correspondence and
answered questions about notable line -items and changes. Mr. Savetsky suggested the approval of
the budget be tabled until outstanding issues regarding insurance expenses were resolved.
3. Golf Management Contract: Mr. Savetsky explained that counsel for the Land Bank and
NGM, Inc. are still working on several items within the contract such as insurance coverage, reserve
fund for potential management negligence, termination of contract without cause, non-
disparagement clause and substantial participation clause. One item that was added to the contract
was designating a point of contact at the Land Bank for when issues arise. The consensus of the
Commission was to designate Mr. Savetsky as they felt having a single designated point of contact
would improve communication between the Commission and MGC management. Commissioner
Gardner had concerns about the criteria for use of the reserve fund. Upon a motion made by
Commissioner Gardner and duly seconded by Commissioner Glidden, it was unanimously VOTED
to require a super majority of four out of five votes to use the reserve funds, provided it was
allowable under the Land Bank Act and Massachusetts General Law. Ms. Stanton requested
clarification on the annual incentive fee of up to 50% of the annual fee. Mr. Savetsky explained
that any consideration of incentive earnings was at the sole discretion of the Commission. After
some discussion, upon a motion made by Commissioner Paterson and duly seconded by
Commissioner Gardner, it was unanimously VOTED to require a super majority of four out of five
votes to offer any potential for incentive earnings to NGM, Inc. provided it was allowable to do so
under the Land Bank Act and Massachusetts General Law.
AGENDA
Nantucket Land Bank Commission
Special Meeting of January 9, 2015
Land Bank Conference Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 3:00 P.M.
A. CONVENE IN OPEN SESSION:
1. GOLF BUSINESS
a. Sconset Golf Course Proposed 2017 Budget — Discussion
b.Miacomet Golf Course Proposed 2017 Budget — Discussion
c. Golf Management Contract
ADJOURNMENT
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Land Bank Commission
January 9, 2017
Page 2
ADJOURNMENT: Upon a motio} made and duly seconded, it was VOTED to adjourn at 4:40 p.m.
Attested to:
Richard
Acc ted, Approved, and Released by VOTE
o ^ # i. CAnmission this 24th day of January 2017.
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DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of January 9, 2017
1. SGC 2017 Draft Six -Month Budget
2. MGC 2017 Draft Six -Month Budget
3. GCSAA Base Salary List for Class A Superintendents
4. Draft Golf Management Contract