PROPERTY TRANSFERS

1 1. A house on .56 of an acre at 141 Main St. sold to Nicholas J Kaiser, Trustee of One Forty-One Main Street Nominee Trust, of Palm Beach, Fla. from 141 Main, LLC, a Massachusetts Limited Liability Company, of Boston, Mass. for $8,975,000. The property is assessed at $1,895,500. The land bank fee is $179,500.

2. Ahouse on .94 of an acre at 66 Monomoy Road sold to Stephen B. Meister of New York City, N.Y. from Mark N. Dilts, Trustee, Monomoy SixtySix Nominee Trust of Fort Washington, Pa. for $8,916,000. The property is assessed at $6,560,300. The land bank fee is $178,320.

3. A house on .16 of an acre, .25 of an acre, .16 of an acre, .16 of an acre, .15 of an acre and .15 of an acre at 6, 7, 8, 9 and 10 D St., respectively, sold to Stephen H. Rogers of Newbury, Mass. from Jord W. Poster of Greenwich, Conn. for $2,444,000. The properties are assessed at $787,900, $916,800, $586,100, $831,400 and $585,200, respectively. The land bank fee is $48,880.

4. A house on .15 of an acre at 1 Tennessee Ave. sold to Francis DiScala, Jr. and Christina Russillo of Westport, Conn. from Jeffrey J. Giannone and Ellen B. Giannone of Westport, Conn. for $1,500,000. The property is assessed at $845,800. The land bank fee is $30,000. 5sold to Amy Gifford and John Bean of Chicago, Ill. and Nantucket, Mass., respectively, from Chad S. Alfeld, as Trustee of Alfa Cynthia Lane Nominee Trust of Simsbury, Conn. for $1,200,000. The property is assessed at $787,900. The land bank fee is $24,000.

2 6. A house on .22 of an acre at 98 Baxter Road sold to Richard A. Savery, Trustee of the Bay Trust 2000 Nominee Trust of Sherborn, Mass. from Richard A. Savery of Sherborn, Mass. for $1,137,500. The property is assessed at $1,377,500. The land bank fee is $22,750.

7. A house on .47 of an acre at 1 Mayflower Circle sold to Dwayne M. Dougan and Liliana Dougan of Nantucket, Mass. from Cedar Crest III Development Company, Inc. of Nantucket, Mass. for $700,000. The property is assessed at $232,500. The land bank fee is $14,000.

8. A condominium at 13A Park Circle sold to Howard C. Edelman and Leslie A. Edelman of Rockville Centre, N.Y. from Cliff Acquisitions, LLC of Nantucket, Mass. for $569,000. The property’s assessed value is not available. The land bank fee is $11,380.

3 9. A house on 2.2 acres at 12 South Pasture Lane sold to David E. Webster, Jr., Trustee, of Nantucket, Mass. from David E. Webste r, Jr. and Malcom S. Brooks of Nantucket, Mass. for $10. The property is assessed at $519,800. The land bank exemption is D.

10. A vacant lot, Lot 734, on Starbuck Road sold to Elizabeth S. Nimock and John K. Nimock, Co-trustees, Elizabeth Ss. Nimock Revocable Living Trust U/A April 8, 2005, of St. Louis, Mo. from Elizabeth Nimock of St. Louis, Mo. for $1. The property’s assessed value is not available. The land bank exemption is C.

11. A house on .48 of an acre on Tuckernuck sold to Douglas R. Foregger of Nantucket, Mass. from Richard, J. Glidden, Trustee of OOVRAH Realty Trust of Nantucket, Mass. for $1. The property is assessed at $548,200. The land bank exemptions are D and C.

12. A condominium at 18C Miacomet Ave. sold to Ronny Arias of Nantucket, Mass. from Karen L. Arias of Nantucket, Mass. for $0. The property is assessed at $336,700. The land bank exemption is K.

4 13. A house on 2.2 acres at 12 South Pasture Lane sold to David E. Webster, Jr., Trustee, of Nantucket, Mass. from David E. Webster, Jr., Trustee of Angawi Realty Trust of Nantucket, Mass. for $0. The property is

assessed at $519,800. The land bank exemption

is F.

14. A house on 2.2 acres at 12 South Pasture Lane sold to Malcom S. Brooks, Jr. of Nantucket, Mass. from David E. Webster, Jr., Trustee of Angawi Realty Trust of Nantucket, Mass. for $0. The property is assessed at $519,800. The land bank exemption is F.

15. A house on .11 of an acre at 33 West Sankaty Road sold to Sconset Holdings, LLC, of Boston, Mass. from Cheryl Delgreco of Boston, Mass. for $0. The property is assessed at $691,100. The land bank exemption is I.

16. A house on .18 of an acre at 15 Washington Ave. sold to the William C. Thompson Living Trust and the Jane H. Thompson Living Trust as tenants in common, of Lynnfield, Mass. from William C. Thompson and Jane H. Thompson as tenants in the entirety, of Lynnfield, Mass. for $0. The property is assessed at $658,800. The land bank exemption is C.

5 17. A house on .50 of an acre at 4 Reacher Lane sold to Ronny Arias of Nantucket, Mass. from Karen L. Arias of Nantucket, Mass. for $0. The property is assessed at $573,100. The land bank exemption is K.

The Nantucket Islands Land Bank gained $508,830 in transfer tax fees for the week ending Dec. 3. To date in 2005, the Land Bank has gained an estimated total of $21,365,431.12 in transfer fees. Land bank income is derived mostly from the collection of a two-percent transfer tax on real estate transactions, subject to certain exemptions. The land bank acquires, holds, and manages land for open space and recreation on Nantucket. Other revenue sources include investments, private contributions, leasing of the Lily Pond Cottage at 15 North Liberty St., and properties at 2 Massasoit Bridge Road, 159 Hummock Pond Road, and 22 Broad St.

NOTES ON EXEMPTIONS

Many of the property transfers recorded with the Land Bank are exempt from the 2-percent transfer fee using one of 13 exemptions allowed by the Land Bank Act as follows: A, transfer to government entity; B, transfer which, without additional consideration, confirms, corrects, modifies, or supplements a previously made transfer; C, transfer made as a gift without consideration; D, certain transfers to and from a trust; E, transfer via death or bankruptcy; F, transfer made in partition of land and improvements; G, transfer to charitable organizations; H, transfer to a mortgagee in foreclosure of the mortgage; I, certain transfers made to or within a corporation or partnership; J, certain transfers out of a corporation or partnership; K, transfer due to divorce; L, transfer of property that is partially personal property and partially real property; M, certain first-time property buyers (applies to the first $200,000).

6 The above explanations are abbreviated because the language explaining these exemptions is too lengthy to print in this section every week. If you are curious about a certain exemption, go to the Nantucket Islands Land Bank Web site for complete information and the Land Bank’s governing bylaws: http://www.nantucketlandbank. org.

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