PROPERTY TRANSFERS

6. A condominium unit, Unit 4, of Sanford Board Condominium on .27 of an acre at 2 Sanford Road sold to Pat Haverfield, Trustee of Happy Hand's Nominee Trust of Carrollton, Texas from Edward J. Sanford and Matthew S. Sanford, Trustees of Lower Pleasant Trust of Nantucket, Mass. for $800,000. The property's assessed value is unavailable. The land bank fee is $16,000.

1. A house on .26 of an acre at 3 Sherburne Turnpike sold to Tucker M. Walsh and Katherine M. Walsh of Newton, Mass. from Maryanne Z. Tashjian of Old Greenwich, Conn. for $5,600,000. The property is assessed at $5,020,100. The land bank fee is $112,000. 7. A house on .14 of an acre at 58 Madaquecham Valley Road sold to Eric W. Shaw of Nantucket, Mass. from the Town of Nantucket of Nantucket, Mass. for $125,000. The property's assessed value is unavailable. The land bank fee is $2,500.

8. Timeshare intervals, Time Periods 30, 31 and 32 on a portion of Swain Street sold to Pamela S. MacDonald and Margaret J. Costello, Trustees of Margenpam Nominee Trust of Lake Forest, Ill. from Tuth M. Plandowski of Lake Forest, Ill. for $63,000. The property's assessed value is unavailable. The land bank fee is $1,260.

2. A condominium unit at 59 Orange St. sold to Fifty Nine Orange Nantucket, LLC, of Boston, Mass. from Edward P. Dowd of Boston, Mass. for $1,625,000. The property is assessed at $1,946,600. The land bank fee is $32,500. 9. Atimeshare interval in a house on .46 of an acre at 82 Arkansas Ave. sold to Keith C. and Maris A. Humphreys of Portsmouth, R.I. from Raymond M. Wiencek, Jr. of Bay Village, Ohio for $17,000. The entire property is assessed at $810,500. The land bank fee is $340.

10. A house on .06 of an acre at 24 Union St. sold to Paul Longenecker and James A. David of Nantucket, Mass. from Paul Longenecker and James A. David of Nantucket, Mass. for $0. The property is assessed at $1,832,500. The land bank fee exemption is C.

11. A house on .47 of an acre at 9 Waydale Road sold to Lemberg Son and Daughter, LLC, of Nantucket, Mass. from C. Jean Egan of Nantucket, Mass. for $0. The property is assessed at $753,300. The land bank exemption is B. 12. Ahouse on .47 of an acre at 9 Waydale Road sold to C. Jean Egan of Nantucket, Mass. from Lemberg Son and Daughter, LLC, of Nantucket, Mass. for $0. The property is assessed at $753,300. The land bank exemption is B.

3. A vacant lot on .88 of an acre and .25 of an acre at 2R Highland Ave. and 4 Capaum Road, respectively, sold to 2 Capaum Road Nominee Trust of Nantucket, Mass. from Nantue, Inc., a New Jersey Limited Liability Company, of Madison, N.J. for $1,096,250. The properties are assessed at $2,349,800 and $255,300, respectively. The land bank fee is $21,925. 13. A house on .14 of an acre at 15 Hussey St. sold to Douglas W. Knott and Deborah L. Knott of Howell and Livonia, Mich. from David M. Hartsook, Trustee of Walter C. Knott, Jr. Living Trust UDT 1/6/1992 of Brighton, Mich. for $0. The property is assessed at $1,829,100. The land bank exemption is E.

14. A house on .14 of an acre at 15 Hussey St. sold to Douglas W. Knott and Deborah L. Knott of Howell and Livonia, Mich. from Douglas W. Knott, Executor, Estate of Elsie M. Knott, Nantucket Probate 05P0023EP, of Howell and Livonia, Mich. for $0. The property is assessed at $1,829,100. The land bank exemption is E.

4. A house on .52 of an acre at 207 Madaket Road sold to Scott Cary Akins of Nantucket, Mass. from Robert J. Campese and Susan C. Campese of Nantucket, Mass. for $1,050,000. The property is assessed at $940,200. The land bank fee is $13,000 and the exemption is M. The Nantucket Islands Land Bank gained $218,525 in transfer tax fees for the week ending May 3. For 2008, the Land Bank gained an estimated total of $3,654,815.01 in transfer fees. Land bank income is derived mostly from the collection of a twopercent 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.

property is assessed at $1,086,100. The land bank fee is $19,000. 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: www.nantucketlandbank .org. Or visit the office at 22 Broad

St. I