Apple Valley Council opens public hearing on senior housing financing plan

As the sun dipped below the horizon, casting a warm glow over Apple Valley's city hall, council members gathered to discuss a significant development project that promises to enhance the community's senior living options. The atmosphere was charged with anticipation as the City Council convened on April 10, 2025, to address the PHS Apple Valley Senior Housing Inc. Orchard Path Phase 3 project.

Ron, a city official, introduced the proposal, highlighting the request from Presbyterian Homes to utilize private activity bonds—financial instruments that allow municipalities to support projects without incurring debt. These bonds, known as conduit debt, will be issued through the City of Apple Valley but are solely backed by the operating revenues of the facility, ensuring no financial burden on the city itself.

The project aims to expand the existing Cobblestone Lake facility by adding 75 independent living units, 58 assisted living units, and 20 memory care units. This expansion is part of a broader effort to meet the growing demand for senior housing in the area, reflecting a commitment to providing quality living options for the community's aging population.

During the public hearing, council members and residents had the opportunity to voice their opinions. While no members of the public stepped forward to speak, the council remained engaged, with discussions touching on the importance of such financing tools for local development. Council member Ruth raised a pertinent issue regarding federal efforts to eliminate tax-exempt bonds for municipalities, emphasizing the potential impact on future projects and community funding.

As the meeting concluded, the council's focus on senior housing underscored a vital aspect of community planning—ensuring that all residents, especially the elderly, have access to safe and supportive living environments. The Orchard Path Phase 3 project stands as a testament to Apple Valley's dedication to fostering a vibrant and inclusive community for all ages.