The most notable topic addressed during the meeting was the approval of conduit debt financing for the Oak Meadows facility, owned by Ebenezer York Associates. This decision followed a public hearing where the issuance of conduit revenue obligation bonds under statutory guidelines was discussed. The financing is intended for deferred maintenance and upgrades at the Oak Meadows facility, located on North Street in Oakdale. It was clarified that the financing would not involve any major expansions or reconstructions.

The city’s conduit debt policy permits tax-exempt financing for projects that benefit the community, a key point emphasized during the discussion. The bonds are special limited revenue obligation bonds, which means they are not backed by taxpayer dollars. Instead, the responsibility for repayment lies solely with Ebenezer. The city will benefit from an application fee of $3,000 and additional fees estimated at $217,000 related to the financial transaction.

During the public hearing, Brett Anderson, CEO of Ebenezer, expressed gratitude towards the city, saying, “Thank you… we’re excited to continue to expand business in the community and serving older adults.” This comment highlighted the positive relationship between the city and Ebenezer, emphasizing their shared commitment to enhancing services for older residents.

Questions arose regarding the nonprofit status of the applicant and its impact on qualifying for conduit bond financing. Some initial confusion was resolved by clarifying that the applicant does not need to be a nonprofit, provided they meet certain criteria, such as providing housing. This clarification addressed concerns about the organization’s tax status and its implications for property taxes.

The resolution approving the financing plan, numbered 2025-100, was subsequently adopted without opposition.

In addition to the financing approval, the meeting featured the induction of Katie Rich as the newest city council member. Rich fills the vacancy left by Susan Willenbring, who resigned in June. The administration of the oath of office was a highlight, as Rich expressed her eagerness to serve the community and learn more about Oakdale. Her appointment is set to last until January 4, 2027, contributing to the council’s ongoing efforts to maintain effective governance.

The council also addressed various community and financial matters. Council Member Severson announced that city offices would be closed on November 11th in observance of Veterans Day. The council expressed gratitude towards veterans, particularly those within the Oakdale community, acknowledging their service.

Upcoming community events were highlighted, beginning with the first Oakdale indoor market of the season on November 15th at the Discovery Center. The market will feature a variety of vendors offering baked goods, arts and crafts, and more, providing an opportunity for holiday shopping.

December events include Oakdale’s first-ever tree lighting event with Santa on December 4th at City Hall. The event will feature a decorated tree lighting ceremony, a bonfire, and music. Additionally, the Winter Wonderland event is planned for December 20th at the Discovery Center, featuring hay rides, a petting zoo, and holiday crafts.

The council also recognized the efforts of election judges during recent elections, expressing appreciation for their vital role in the electoral process. Financial matters were discussed, with a claims roster indicating bills totaling approximately $2.9 million for the period of October 29th through November 10th. The claims were approved without further questions.