Wednesday Jan 20 2010
Loomis buys Heritage Park II
By: Joyia Emard, Loomis News Staff Writer
Tow uses reserves to purchase defunct subdivision
The Town of Loomis is the new owner of the proposed Heritage Park II subdivision. According to Perry Beck, Loomis town manager, the town was offered the property on Dec. 11, and acquired the 10-acre parcel on Dec. 18. The property is located off of Walnut Street near the current town hall, and includes a pond, wetlands and small stream. It is also directly behind the already completed Heritage Park I subdivision. The purchase price was $352,710 and included the town’s closing costs. “They came to us with the offer and the price,” Beck said. Beck said the funds used for the purchase came from the town’s reserves. The Heritage Park II subdivision has a troubled past that includes foreclosure, lawsuits between owners, missed deadlines and multiple owners. According to Beck, the town was in the process of reverting the property to acreage since no activity towards building had occurred. The map was approved in 1998 and modified in 2006. A memo to council said that at a later time citizens will be involved in determining how the property should be used. It stated that ideas mentioned are to redesign the subdivision and expand the proposed park.