HomeMy WebLinkAbout2017-1-11AGENDA
Nantucket Land Bank Commission
Regular Meeting of January 11, 2017
Land Bank Conference Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 P.M.
A. CONVENE IN OPEN SESSION
1. PUBLIC COMMENT /STAFF ANNOUNCEMENTS
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B. EXECUTIVE SESSION: The Executive Session is for Purpose 6 [G.L. c. 30A, 21(a)(6)J. The
particular transactions and parcels of real estate are not identified since disclosure of the
property information may have a detrimental impact on the Land Bank's negotiating position
with one or more third parties.
1. Approval of Executive Session Minutes of December 13, 2016
2. Real Estate Acquisition.
C. RECONVENE 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
2. PROPERTY MANAGEMENT
3. APPROVAL OF MINUTES
a. Regular Meeting of December 13, 2016 and Special Meeting of December 15,
2016
4. TRANSFER BUSINESS
a. Current "M" Exemptions and Liens
b. Transfer Update: Release of Lien
5. FINANCIAL BUSINESS
a. Monthly Transfer Statistics
b. Warrant Authorization — Cash Disbursements
6. REGULAR BUSINESS
a. Online Posting of Minutes — Discussion
b. Records Access Officer - Designation
c. New Website - Update
ADJOURNMENT
MINUTES
Nantucket Land Bank Commission
Regular Meeting of January 11, 2017
Land Bank Meeting Room, 22 Broad Street
Nantucket, Massachusetts
CALL TO ORDER: 4:00 p.m.
PRESENT: Richard Glidden, Neil Paterson, Allen Reinhard, Robert Gardner
ABSENT: John Stackpole.
STAFF PRESENT: Eric Savetsky, Executive Director; Jesse Bell, Assistant Director; Susan
Campese, Administrator /Finance Manager; Marian Wilson, Assistant Administrator.
The Inquirer and Mirror reporter, Peter Sutters was also present at call to order.
I. CONVENE IN OPEN SESSION:
A. CITIZENS BUSINESS /ANNOUNCEMENTS: None.
Mr. Sutters departed the meeting at 4: 03 pm
II. EXECUTIVE SESSION: Upon a motion made by Commissioner Paterson and duly seconded by
Commissioner Glidden, it was unanimously VOTED to go into executive session in order to discuss
the purchase, exchange, lease or value of real property. A roll call vote was taken: Reinhard -Aye,
Paterson -Aye, Glidden -Aye, Gardner -Aye. The Chairman under Purpose 6 [G. L. c. 30A, 21(a)(6)]
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.
III. RECONVENE IN OPEN SESSION
Mr. Sutters reentered the meeting at 4:22 p. m.
A. GOLF BUSINESS:
1. Sconset Golf Course Proposed 2017 Budget — Discussion: Budget was approved at
the January 9, 2017 special meeting.
2. Miacomet Golf Course ( "MGC ") Proposed 2017 Budget — Discussion: Upon a
motion made by Commissioner Glidden and duly seconded by Commissioner Paterson, it was
unanimously VOTED to table the discussion of the MGC budget until the next Land Bank meeting
on January 24, 2017 as the insurance costs were still being worked on.
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January 11, 2017
3. Golf Management Contract: Mr. Savetsky reported that he and counsel have been
working thru the contract provisions with Mr. Costa, President of Nantucket Golf Management Inc.
Mr. Costa indicated that he has accepted the contract provisions but the attorneys were still working
on the details. Further, Mr. Costa had agreed to have the incentive fee provision deleted from the
contract. Upon a motion made by Commissioner Glidden and duly seconded by Commissioner
Paterson, it was VOTED to remove the management incentive fee. Additionally, Mr. Savetsky
reported that counsel had confirmed that it was against Massachusetts General Law to require a
super majority vote on use of the reserve fund as voted at the January 9, 2017 meeting.
B. PROPERTY MANAGEMENT:
1. Codfish Park — Water Main: Commissioner Gardner noted that there had been a
water main break at the Codfish Park water fountain due to the recent frigid weather. He
acknowledged that Wannacomet Water Co. had agreed to winterize the drinking fountain and will
repair the water service to ensure that it is ready for next summer.
C. APPROVAL OF MINUTES: Upon a motion by made by Commissioner Glidden and
duly seconded by Commissioner Paterson, it was unanimously VOTED to accept, approve and
release the regular meeting of December 13, 2016 and the special meeting of December 15, 2016 as
written.
D. FINANCIAL BUSINESS:
1. Monthly Transfer Statistics: Monthly transfer statistics reports comparing
calendar years 2015 and 2016 and fiscal years 2016 and 2017 through December 2016 were
presented.
2. Warrant Authorization — Cash Disbursements: Upon a motion made by
Commissioner Glidden and duly seconded by Commissioner Paterson, it was unanimously VOTED
to execute the January 11, 2017 warrant document in the amount of $129,150.20 to be provided to
the county treasurer.
E. REGULAR BUSINESS:
1. Online Posting of Minutes Discussion: Ms. Campese announced that in keeping
with the updated Public Meeting Regulations that went into effect on January 1, 2017. The Land
Bank minutes will be posted on the Land Bank website beginning with next set of approved
minutes.
2. Records Access Officer: Upon a motion by made by Commissioner Glidden and
duly seconded by Commissioner Paterson, it was unanimously VOTED to appoint Susan Campese
as the designated Records Access Officer for the Land Bank in keeping with the new requirements
of the Public Meeting Regulations that went into effect on January 1, 2017.
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January 11, 2017
3. New Website Update: Ms. Campese and Ms. Bell reported that the Land Bank
website has been updated and asked the Commission to peruse it and provide staff with feedback.
F. TRANSFER BUSINESS:
1. December 2016 Transfers — Record Nos. 38015 through 38134:
a. Current "M" Exemptions and Liens:
No. 38022 Benjamin A. Normand and Jaclyn J. Normand
No. 38047 Thomas Garrette and Kathryn Hanley Garrette
No. 38054 Genadi Prokopov
No. 38069 Shamala Watty
No. 38103 Gergana Neykova and Krasimir Kirilov
No. 3 8124 Nikolay D. Petkov
Commission Glidden departed the meeting at 4:50 p.m.
Peter Glazer entered the meeting at 4: 55 p. m.
2. "M" Exemption Update:
a. Payment Received /Release of Lien - Nos. 36895 and 37635 Peter D. Glazer and
Kristine L. Glazer: Ms. Campese informed the Commission that Mr. and Mrs. Glazer had been very
cooperative in resolving the purchase price issues for the transfers of 1 and 3 Pilgrim Court, with Mr.
Glazer having provided all of the requested documentation to support his investment in the properties.
Ms. Campese reported they had paid the bulk of additional fees due for both properties ($23,298.24) and
were now in agreement on the remaining fees due. Mr. Savetsky recommended the Commission consider
removing the penalty and interest from the transfer of 3 Pilgrim Court due to Mr. Glazer's good faith
efforts to resolve the matter. Upon a motion made by Commissioner Paterson and duly seconded by
Commissioner Glidden, it was unanimously VOTED to waive the penalty ($2,400.92) and interest
($710.28) due on 3 Pilgrim Court; require payment of the remaining fee of $724.43 on 3 Pilgrim Court;
require payment of the penalty ($2,553.36), interest ($755.37) and fee ($1,541.07) on 1 Pilgrim Court;
and rescind the Notice of Assessment dated November 23, 2017. Commissioner Paterson thanked Mr.
Glazer for his efforts in resolving the issues.
Upon a motion made by Commissioner Gardner and duly seconded by Commissioner Paterson, it
was VOTED to execute and authorize the issuance of a Release of Lien on 1 Pilgrim Court to be
provided to Mr. Glazer upon payment of the outstanding fees, penalty and interest.
Commissioner Glidden reentered the meeting at 5: 09 p. m..
ADJOURNMENT: Upon a motion made by Commissioner Glidden and duly seconded by
Commissioner Paterson, it was VOTED to adjourn at 5:10 p.m.
Land Bank Commission Page 4
January 11, 2017
Attested to:
Richard J. Glidden, Secretary
Accepted, Approved, and Released by the VOTE
of the Commission this 24th day of January, 2017.
MONTHLY TRANSFER STATISTICS CALENDAR 2015
CAL15
Total
Exempt
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jan -15
90
50
40
$77,446,898
$69,668,046;
$1,393,861
Feb -15
67
36
31
$54,657,080
$52,845,679
$1,056,914
Mar -15
78
42
36
$66,685,997
$62,665,997
$1,253,320
Apr -15
89
68
21
$25,228,870
$21,234,800
$424,696
May -15
79
39
40
$60,423,403
$58,811,717,
$1,176,234
Jun -15
84
39
45
$73,568,7861
$71,722,100
$1,434,442
Jul -15
100
55
45
$76,650,2621
$75,052,762
$1,512,844
Aug -15
100
57
43
$81,283,162
$78,833,162
$1,577,651
Sep -15
109
49
60
$100,449,002
$95,949,002
$1,925,880
Oct -15
138
54
84
$147,434,422
$139,134,422
$2,782,688
Nov -15
71
32
39
$75,870,039
$68,777,539
$1,375,551
Dec -15
108
55
53
$72,494,9501
$70,983,9751
$1,428,346
Total 2015
Average
1113
93
576
48
537
45
$912,192,872
$76,016,073
$865,679,201
$72,139,9331
j
$17,342,427
$1,445,202
Low
67
32
21
$25,228,870
$21,234,800
$424,696
High
138
68
84
$147,434,422
$139,134,422
1 $2,782,688
MONTHLY TRANSFER STATISTICS CALENDAR 2016
CAL16
Total
Exempt
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jan -16
93
41
52
$98,369,206
$92,706,0251
$1,862,120
Feb -16
59
32
27
$30,033,729
$27,523,7291
$550,475
Mar -16
100
49
51
$78,894,324
$76,444,325
$1,537,553
Apr -16
68
34
34
$68,631,755
$63,457,378
$1,269,148
May -16
85
50
35
$69,498,6271
$62,815,751
$1,256,315
Jun -16
103
51
52
$92,768,837
$89,962,837
$1,799,923
Jul -16
56
35
21
$46,84-
46,842,402
$45,392,587
$907,852
Aug -16
83
48
35
$79,447,023
$75,538,100
$1,511,230
Sep -16
105
48
57
$151,973,3521
$148,099,352]
$2,962,654
Oct -16
94
39
55
$111,176,0861
$107,025,586,
$2,148,512
Nov -16
101
50
51
$96,829,251
$94,119,251;
$1,892,585
Dec -16
119
65
54
$77,153,639
$72,588,6391 $1,483,738
Total 2016
Average
1066
89
542
45
524
44
$1,001,618,231
$83,468,186
$955,673,559 $19,182,104
$79,639,463 $1,598,509
Low
56
32
21
$30,033,729 !
$27,523,729
$550,475
High
119
65
57
$151,973,352
$148,099,352
$2,962,654
MONTHLY (UNAUDITED)
MONTHLY TRANSFER STATISTICS FISCAL YEAR 2016
FY16
Total
Exempt
Taxable
Total Gross
Gross
Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable
Received
Jul -15
100
55
45
$76,650,262
$75,052,762]
$1,512,844
Aug -15
100
57
43
$81,283,162
$78,833,1621
$1,577,651
Sep -15
109
49
60
$100,449,002
$95,949,002'
$1,925,880
Oct -15
138
54
84
$147,434,422
$139,134,4221
$2,782,688
Nov -15
71
32
39
$75,870,039
$68,777,5391
$1,375,551
Dec -15
108
55
53
$72,494,950
$70,983,375;
$1,428,346
Jan -16
93
41
52
$98,369,206
$92,706,0251
$1,862,120
Feb -16
59
32
27
$30,033,729
$27,523,729!
$550,475
Mar -16
100
49
51
$78,894,324
$76,444,325 $1,537,553
Apr -16
68
34
34
$68,631,755
$63,457,3781 $1,269,148
May -16
85
50
35
$69,498,627
$62,815,751 $1,256,315
Jun -16
103
51
52
$92,768,837
$89,962,837 $1,799,923
THRU DEC 15
Average
626
95
302
47
324
48
$554,181,837
$82,698,193
$528,730,262 $10,602,961
$78,470,026; $1,573,208
Low
59
32
27
$30,033,7291
$27,523,729;
$550,475
High
138
57
84
$147,434,4221
$139,134,422;
$2,782,688
MONTHLY
TRANSFER STATISTICS
FISCAL
YEAR 2017
FY17
Total
Exempt
Taxable
Total Gross
Gross Revenue
Month
Transfers
Transfers
Transfers
Value
Value Taxable Received
Jul -16
56
35
21
$46,842,402
$45,392,587' $907,852
Aug -16
83
49
34
$79,447,023
$75,538,100' $1,511,230
Sep -16
105
48
57
$151,973,352
$148,099,352 $2,962,654
Oct -16
94
39
55
$111,176,086
$107,025,586'I $2,148,512
Nov -16
101
50
51
$96,829,251
$94,119,251 $1,892,585
Dec -16
119
65
54
$78,318,551
$73,753,551' $1,483,738
Jan -17
Feb -17
Mar -17
Apr -17
May -17
Jun -17
THRU DEC 16
Average
558
93
286
48
272
45
$564,586,664
$94,097,777
$543,928,426 $10,906,570
$90,654,738' $1,817,762
Low
56
35
21
$46,842,402
$45,392,587; $907,852
High
119
65
57
$151,973,352
$148,099,352', $2,962,654
MONTHLY (UNAUDITED)
DOCUMENTS AND EXHIBITS
Nantucket Land Bank Commission
Regular Meeting of January 11, 2017
1. Monthly Transfer Report — December 2016
2. "M" Exemption Release of Liens (see transfer business for record nos.)
3. Land Bank Financial Statements — December 2016
4. Calendar and Fiscal Year Transfer Statistics and Graphs — December 2016
5. Check Warrant Summary dated January 11, 2017
TRANSFER BUSINESS
Nantucket Land Bank Commission
Regular Meeting of January 11, 2017
1. December 2016 Transfers — Record Nos. 38015 through 38134
a. Current "M" Exemptions and Liens:
No. 38022 Benjamin A. Normand and Jaclyn J. Normand
No. 38047 Thomas Garrette and Kathryn Hanley Garrette
No. 38054 Genadi Prokopov
No. 38069 Shamala Watty
No. 38103 Gergana Neykova and Krasimir Kirilov
No. 38124 Nikolay D. Petkov
2. "M" Exemption Update:
a. Low Purchase Price /Payment Received — Release of Lien
No. 36895 Peter D. Glazer and Kristine L. Glazer
No. 37635 Peter D. Glazer and Kristine L. Glazer