PROPERTY TRANSFERS
March 12, 2007 - March 16, 2007

1

1. A vacant lot on 3.07 acres at 47 Pocomo Road sold to Jacqueline R. McCoy, Trustee of the Savel Nominee Trust of Boston, Mass. from David S. Wolff, Trustee of 47 Pocomo Road Partners Nominee Trust of Houston, Texas for $7,425,000. The property is assessed at $4,369,200. The land bank fee is $148,500.

2. A house on. 11 of an acre at 5 Galen Ave. sold to M. Leighton Collin of Appollo Beach, Fla. from Nicholas S. Albano, Sarah Albano, Milton P. Smith and Sherry B. Smith of Scituate, Mass. for $2,035,000. The property is assessed at $1,367,200. The land bank fee is $40,700.

2

3. A house on .30 of an acre at 16 Sconset Ave. sold to Dana H. Stewardson and Alice M. Stewardson of Bryn Mawr, Pa. from Nelson Newbury Hovde of Naple, Fla. for $1,763,000. The property is assessed at $1,052,900. The land bank fee is $35,260.

4. A house on 1.04 acres at 10 Bayberry Lane sold to David Ilan Weis of Boca Raton, Fla. from Max Ross, Jr. and Jennifer Davis Ross, c/o The Thistle Inn of Boothbay Harbor, Maine for $1,250,000. The property is assessed at $980,800. The land bank fee is $25,000.

3

5. A condominium unit at 7A Park Circle sold to Tess Anderson of Nantucket, Mass. from Cliff Acquisitions, LLC, of Nantucket, Mass. for $489,690. The property's assessed value is unavailable. The land bank fee is $9,793.80.

6. A condominium unit on .08 of an acre at 5B Park Circle sold to Carl Nielsen of Pequannock, N.J. from Cliff Acquisitions, LLC, of Nantucket, Mass. for $425,000. The property's assessed value is unavailable. The land bank fee is $8,500. 7. A condominium unit on .08 of an acre at 5A Park Circle sold to Donna Senatore of Lincoln Park, N.J. from Cliff Acquisitions, LLC, of Nantucket, Mass. for $425,000. The property's assessed value is unavailable. The land bank fee is $8,500.

8. A condominium unit on .08 of an acre at 6B Park Circle sold to Joseph Senatore of Lincoln Park, N.J. from Cliff Acquisitions, LLC, of Nantucket, Mass. for $425,000. The property's assessed value is unavailable. The land bank fee is $8,500.

9. A house on .21 of an acre at 23 Atlantic Ave. sold to Justine I. Connors of Nantucket, Mass. from Eugene P. Collatz of Nantucket, Mass. for $425,000. The property is assessed at $820,900. The land bank fee is $8,500.

10. Ahouse on .25 of an acre at 1 Goldfinch Drive sold to Kenneth and Phyllis A. Parker of Nantucket, Mass. from Phyllis A. Parker of Nantucket, Mass. for $1. The property is assessed at $1,052,200. The land bank exemption is C.

11. A vacant lot on 2.7 acres at 23 Clifton St. sold to The Erika D. Mooney Living Trust Agreement dated October 7, 2006, of Nantucket, Mass. from Erika Davidson Mooney of Nantucket, Mass. for $0. The property is assessed at $1,083,000. The land bank exemption is D.

12. A vacant lot on 1.0 acres at 63 Burnell St. sold to The Erika D. Mooney Living Trust Agreement dated October 7, 2006, of Nantucket, Mass. from Erika Davidson Mooney of Nantucket, Mass. for $0. The property is assessed at $1,116,900. The land bank exemption is D.

13. A house on .21 of an acre at 23 Atlantic Ave. sold to Paul R. Connors and Justine L. Connors, Husband and Wife, of Nantucket, Mass. from Justine L. Connors of Nantucket, Mass. for $0. The property is assessed at $820,900. The land bank exemption is C.

14. A house on .15 of an acre at 70 Union St. sold to 70 Union Street Realty Trust of Nantucket, Mass. from Robert F. Paterson and Kelly L. Paterson of Nantucket, Mass. for $0. The property is assessed at $1,019,700. The land bank exemption is C. 15. A house on .18 of an acre at 12 Tom's Way sold to Robert Eugene Ruley and Margaret Miller Ruley of Nantucket, Mass. from Robert Eugene Ruley of Nantucket, Mass. for $0. The property is assessed at $712,900. The land bank exemption is C.

16. A house on .46 of an acre at 1 Sesachacha Road sold to Ralph N. Albright, Jr. and Susanne S. Albright, Trustees of Albright Nominee Trust of Washington, D.C. from Ralph N. Albright, Jr. and Susanne S. Albright of Washington, D.C. for $0. The property is assessed at $1,340,500. The land bank exemption is D.

17. A vacant lot on .23 of an acre on a portion of 25 Nobadeer Farm Road sold to Jonathan T. Raith of Nantucket, Mass. from Jonathan T. Raith and Elizabeth R. Raith of Nantucket, Mass. for $0. The property is assessed at $455,300. The land bank exemption is C.

The Nantucket Islands Land Bank gained $293,253.80 in transfer tax fees for the week ending March 17. For 2007, the Land Bank gained an estimated total of $2,849,283.39 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 $400,000).

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

the office at 22 Broad St. I