Loomis Council approves Village at Loomis studyBy: Brody Fernandez, Reporter
On Wednesday, Loomis Town Council held a special town meeting and unanimously adopted the only item on the agenda under “Business.”
The council’s vote approves a contract with consulting firm Stanley R. Hoffman Associates, Inc., for a retail impact analysis for the proposed Village at Loomis project. The economic impact study was also unanimously supported during the council’s May 24 special study session where Loomis town leaders expressed their views on the Village project for the first time in a public forum.
The impact study will determine how economically feasible the Village at Loomis project would be in Loomis by analyzing the economic and fiscal impact of a proposed retail development. The project’s impact on retail employment, wages, tax revenue and municipal costs would be analyzed.
The Loomis Town Council unanimously approved the agenda item Wednesday with a 3-0 vote. Councilmen Miguel Ucovich and Tim Onderko were absent.
“Wednesday night, the council authorized me to enter into a contract with Stanley R. Hoffman, Inc.,” said Loomis Town Manager Sean Rabe.
The contract with the consulting firm will be through the city but paid for by the developer.
When Gold Country Media called Onderko for comment, he answered although on vacation Wednesday night.
“The turnaround time for the economic impact study is 21 days from the initial start date,” Onderko said.
The Loomis town manager is also confident that the impact study will be finished in the proposed time. “What we’re hoping for is three weeks,” Rabe said.
Items on the agenda for the next regular Town Council meeting next Tuesday (June 12) include considering adopting the proposed budget for the 2018/19 fiscal year. Council will also consider a proposal to pay down an estimated unfunded liability with CalPERS of $1,270,083. The recommended action is to adopt the resolution, authorizing the town manager to pay down the unfunded liability by $692,422 with CalPERS and adopt a 20 -year amortization schedule for the remaining balance.
Other agenda items for next Tuesday’s Town Council meeting include town-owned properties for sale, town maintenance district updates, and a swim and water polo program update.