City of Oakdale AgendaPacket 2026-06-09
$17M in Housing Revenue Bonds Approved for Washington MDG LP
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Description
The City approved issuing up to $17 million in conduit revenue bonds on behalf of Washington MDG LP for the acquisition, rehabilitation, and preservation of three affordable housing properties, extending affordability terms for at least 15 years.
Contract Details
Contract Amount
Approximately $17,000,000 (conduit revenue bond issuance)
Vendor
WASHINGTON MDG LP
Agency
City of Oakdale, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Minimum of 15 years affordability from bond issuance date
Renewal Date
2041-06-09
Renewal Info
Affordability and regulatory agreements will run for at least 15 years from date of bond issuance; bonds not general obligations of City; applicant pays all City fees per policy.
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