A joint purchase last month by the town of Tisbury and the Martha’s Vineyard Land Bank completes a decades-old aquifer protection plan around the Manter well.
The town and the land bank paid $400,000 for 9.5 acres off Old Holmes Hole Road, with the town putting in $300,000 and the land bank $100,000. The transaction took place on August 24.
One of the listed sellers was Ron Monterosso, acting as a trustee for Redmont Realty Trust, which owned a fractional interest in the property. The sale was handled through a trustee appointed by the Dukes County Probate Court.
The Martha's Vineyard Land Bank wants your ideas on how to
spend some $10 million of accumulated revenue. Plus, commissioners at
the land bank are game for fielding questions on policies that govern
the almost 2,000 acres of public lands it owns.
Revenues fell $1 million at the Martha's Vineyard Land Bank in
the fiscal year just ended, reflecting a distinct new cooling in the
overheated real estate sales market that has made an indelible mark on
both the economy and the culture of the Island in recent years.
The land bank fiscal year ends on June 30 (because the date fell
over the weekend this year, the land bank closed the books on Friday,
Chappaquiddick's Space Fund, Land Bank Buy Island Trail Link
By JULIA WELLS Gazette Senior Writer
With the national economy stuck in neutral and nonprofit groups
scrambling to compete for a shrinking pool of donor dollars, a quiet
movement on the tiny island of Chappaquiddick is gaining momentum among
landowners to buy open space in their own backyards.
The Massachusetts Court of Appeals this week overturned a decision
by the state Appellate Tax Board and ruled that the Martha's
Vineyard Land Bank is exempt from all taxation, upholding the power
vested in the conservation agency by its enabling legislation.
The case is an appeal of a decision first made by the West Tisbury
board of assessors that ordered the land bank to pay about $700 in taxes
on property bought in fiscal year 2002.
The Martha's Vineyard Land Bank will seal its largest-ever deal today, handing over $18.6 million to Connecticut developer Corey Kupersmith and officially taking ownership of 190 acres of the southern woodlands in Oak Bluffs.
State Environmental Affairs Secretary Rejects Land Bank Management
Plan at Lambert's Cove Road Kettle Pond
BOSTON - Citing concerns about potential impacts to water
quality and protected species, the Massachusetts Secretary of
Environmental Affairs last month denied the Martha's Vineyard Land
Bank management plan for its proposed Ice House Pond Preserve.
The Martha’s Vineyard Land Bank has added another 400 feet to its growing stretch of Atlantic Ocean beach off Moshup Trail in Aquinnah.
The land bank announced this week that it has bought a 4.1-acre lot on the ocean side of Moshup Trail from Sandra and Tatnall Hillman. The purchase price was $400,000. The property abuts the land bank’s Moshup Beach, which now will include some 2,000 feet of shorefront. With the acquisition, the land bank beach will now end a few feet from Philbin Beach, a town resident beach.
The Martha’s Vineyard Land Bank Commission held an open session on Monday seeking public comment on its properties and management plans. The meeting was held at the Vineyard Transit Authority second floor office at the airport business park.
One person attended: Bill Straw of Vineyard Haven, who suggested the land bank move up on its priority list the acquisition of properties that help in the movement of people along the side of roads, for example bicycle paths.
A rolling meadow that has been used for sheep grazing off State Road in Tisbury will be protected thanks to the purchase of a conservation restriction by the Martha’s Vineyard Land Bank.
The land bank commission announced on Tuesday that it has signed a contract to buy a restriction on seven acres owned by Kristen Kingsbury Henshaw. The purchase price is $301,000. The field is located about .2 miles from the land bank’s Tisbury Meadow Preserve.