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Home My WebLink AboutDMCC Resolution No. 112-2021 (Approving April 1 Report to DEED)1 DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. 112-2021 Authorizing and Approving the April 1, 2021 Report to DEED Pursuant to Statute The following Resolution was offered by Paul D. Williams, seconded by James V. Bier. BACKGROUND RECITALS A.Minnesota Statutes, Section 469.47, provides that by April 1 of each year, the medical business entity (Mayo Clinic) must certify to the Commissioner of the Department of Employment and Economic Development (“DEED”) the amount of expenditures made by Mayo Clinic in the preceding year. For expenditures made by an individual or entity other than Mayo Clinic, the Destination Medical Center Corporation (“DMCC”) must compile the information on the expenditures and may certify the amount to DEED. The certification to DEED must be in the form prescribed by DEED and include any documentation and supporting information regarding the expenditures that DEED requires (the “April 1, 2021 Report”). By August 1 of each year, DEED must determine the amount of expenditures for the previous year. B.Staff from the City of Rochester and the Destination Medical Center Economic Development Agency have prepared the draft report due on April 1, 2021, and attached hereto as Exhibit A. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Destination Medical Center Corporation Board of Directors that the Chair or Treasurer of the DMCC is authorized to execute and submit the April 1, 2021 Report to the Minnesota Department of Employment and Economic Development as required by Minnesota Statutes, Section 469.47, in form similar to the form attached hereto as Exhibit A, as may be modified through further discussions with Mayo Clinic or the City of Rochester, and authorizes the Chair or Treasurer to make such other modifications, and to take such other actions as are necessary and appropriate to effectuate the timely submission of the report to DEED. A-1 EXHIBIT A DR A F T 1 2 3 4 5 6 7 8 9 For all other Expenditures: 1340053-2.xls 1Expenditures need to be after June 30, 2013 2Other Private Entities' certification of expenses may be certified retroactively in 2014 after the Destination Medical Center District and Development Plan are adopted. Form Revised 02/26/2021 3This figure is based solely upon project building permit costs. Minn. Stat. § 469.47, subd 1(d) permits additional expenditures, and discussion is underway as to how to document such additional expenditures, which may result in adjustments. DateDestination Medical Center Corporation By providing my signature below, I am hereby certifying that, to the best of my knowledge, the information stated herein is accurate, true, and complies with the provisions of Minnesota Statutes Section 467.47 and the approved methodology as outlined in the City of Rochester Commissioner of Employment and Economic Development State Infrastructure Aid Agreement. State Transit Aid Qualified for (Box 7 multiplied by .0075 and then multiplied by .6) DateMayo Clinic Chief Financial Officer For Expenditures By the Medical Business Entity: $4,081,032.61 All Expenditures claimed since June 30, 2013 State Aid Qualified for This Year (local government match also required) General State Infrastructure Aid Qualified for (Box 7 multiplied by .0275)$24,939,643.74 $962,794,654.81 $144,101,481.31 $1,106,896,136.12 $906,896,136.12 Previous Years Expenditures (cumulative) TOTAL Expenditures This Year3 (from Box 3) All Claimed Expenditures as of 12/31/20 (Box 4 plus Box 5) Qualified Expenditures claimed in 2020 (Box 6 minus $200,000,000) Certification of Expenditure Destination Medical Center For Calendar Year 2020 Due to Commissioner of Employment and Economic Development (DEED) by April 1, 2021 The Medical Business Entity and the Destination Medical Center Corporation (DMCC) Board of Directors (assisted by the City of Rochester) hereby submit to the Department of Employment and Economic Development (DEED) the following report for expenditures that relate to the Destination Medical Center (DMC) Development for the calendar year 2020, and the certifications required to support the documentation under the City of Rochester Commissioner of Employment and Economic Development State Infrastructure Aid Agreement. $60,341,258.46 $83,760,222.85 $144,101,481.31 Total Expenditures Reported This Year by Medical Business Entity1 Total Expenditures Reported This Year for other Private Entities1,2 TOTAL Expenditures This Year Expenditures Reported this Year EXHIBIT A Building Permits within the DMC Boundary (Does not include Mayo Projects) Completed Year Projects 2016 32,000.00$ 2018 8,540,000.00$ 2019 11,172,232.00$ 2020 1,618,471.00$ TOTAL 21,362,703.00$ 2018/2019/2020 Destination Medical Center ‐ Partially Completed Projects Tracking 2018 2019 2020 Project Address Total Building Permit Value Partial Completed Work Claimed Completed Work Claimed Completed Work Claimed Berkman (Alatus) 217 & 301 14th Ave SW 93,315,800.00$25,936,546.00$59,063,337.00$8,315,917.00$ 93,315,800.00$ 25,936,546.00$59,063,337.00$8,315,917.00$ 2019/2020 Destination Medical Center ‐ Partially Completed Projects Tracking 2019 2020 2021 Project Address Total Building Permit Value Partial Completed Work Claimed Completed Work Claimed Completed Work Claimed Hyatt House 315 1st Ave. NW 32,253,475.00$6,940,448.00$24,151,076.04$ Eleven02 101 11th Ave. SW 29,690,975.00$4,159,810.90$24,377,346.96$ 61,944,450.00$11,100,258.90$48,528,423.00$ 2020 Destination Medical Center ‐ Partially Completed Projects Tracking 2020 2021 Project Address Total Building Permit Value To Date Partial Completed Work Claimed Completed Work Claimed Two Discovery Square 415 2Ave SW 9,700,000.00$5,553,179.85$ TOTAL 83,760,222.85$ Sub Type Level Category Level Permit Number Permit Issue Date Parcel Number Address Info Permit Valuation Work Description Owner Permit Status Date Finaled Commercial Bldg Alteration R16-0162CB 5/12/2016 014315 4 SW 3 ST, ROCHESTER, MN 55902 $32,000 Reroof south 1,720 sq ft section with adhered EPDM (Grand Rounds Restaurant) INDIGO FUSION HOLDINGS LLC 720 NORTHERN HILLS DR NE ROCHESTER, MN 55906 Finaled 5/22/2020 Sign Business R18-0093S 9/25/2018 083045 10 E CENTER ST, ROCHESTER, MN 55904 $40,000 Wall signs "Hilton" for downtown location Titan Development/Brian Moser 30 3 ST SE STE 600 ROCHESTER, MN 55904 Finaled 2/19/2020 Commercial Bldg Alteration R18-0451CB 5/7/2019 081707 20 SW 2 AVE, ROCHESTER, MN 55902 $8,500,000 Renovation and reduction of existing hotel rooms. (Kahler Grand Hotel) Christopher Ness 20 2 AVE SW ROCHESTER, MN 55902 C of C Issued 12/15/2020 Commercial Bldg Alteration R19-0070CB 4/2/2019 083045 10 E CENTER ST 220, ROCHESTER, MN 55904 $92,750 Tenant improvements to include completion of mechanical and electrical and finishes. (J. Powers Office Space) Powqers Ventures 2112 2nd St SW Suite 100 Rochester, Mn 55902 CO Issued 2/19/2020 Commercial Bldg Alteration R19-0184CB 7/10/2019 025241 415 S BROADWAY AVE, ROCHESTER, MN 55904 $310,000 Fit-up for RPS classroom in south half of building. North half will be whitebox for future tenant. (Incubator Classroom) Traci Downs 14 4th St SW Suite 202 Rochester, MN 55902 CO Issued 3/23/2020 Commercial Bldg Alteration R19-0230CB 10/29/2019 083795 202 SW 4 ST 250, ROCHESTER, MN 55902 $1,109,744 New tenant improvement will occupy space on the second level, office space. (Discovery Square Building) Silver Lake Investors 700 Meadow Lane North Minneapolis, MN 55422 CO Issued 7/21/2020 Commercial Bldg Phased Partial Permit R19-0290CB 11/8/2019 080524 220 S BROADWAY AVE, ROCHESTER, MN 55904 $350,000 Structural package for operable exterior wall and roof for new restaurant in building. (Hotel Indigo) Jim Toninato 5713 Grand Ave Suite B Duluth, MN 55807 Finaled 9/2/2020 Commercial Bldg Alteration R19-0403CB 11/20/2019 073709 1211 SW 2 ST, ROCHESTER, MN 55902 $100,000 Demo 85 tub/surrounds, replace vanities. Demo 3 ADA tubs in units 140, 413 & 405. (Aspen Suites) Regency Hotel Management Company 1211 2nd St SW Rochester, MN 55902 C of C Issued 3/27/2020 Commercial Bldg Alteration R19-0326CB 12/11/2019 080524 220 S BROADWAY AVE, ROCHESTER, MN 55904 $2,250,000 Core and shell for Crave restaurant. Refer to R19-0290 for Structural. (Hotel Indigo - Crave Restaurant) Jim Toninato 5713 Grand Ave Suite B Duluth, MN 55807 C of C Issued 9/3/2020 Multi-Family Bldg Phased Partial Permit R19-0053MFB 8/5/2019 017784 324 SW 1 AVE, ROCHESTER, MN 55902 $340,000 Earth retention for 50 unit multifamily with retail on the 1st floor. (The 324 Apartments) Marc Bassara 3033 Excelsion Boulevard Suite 10 Minneapolis, MN 55416 Finaled 11/16/2020 Multi-Family Bldg Phased Partial Permit R19-0017MFB 8/21/2019 017784 324 SW 1 AVE, ROCHESTER, MN 55902 $660,000 Footing/foundation for a 50 unit multifamily with retail on the 1st floor. (The 324 Apartments) 988 Rochester, LLC - Clark Gassen 1907 Wayzata Blvd Suite 180 Wayzata, MN 55391 Finaled 11/16/2020 Multi-Family Bldg New R19-0048MFB 9/16/2019 017784 324 SW 1 AVE, ROCHESTER, MN 55902 $5,675,738 50 unit multifamily with retail on the 1st floor. (The 324 Apartments) Marc Bassara 3033 Excelsion Boulevard Suite 10 Minneapolis, MN 55416 CO Issued 11/16/2020 Multi-Family Bldg Alteration R19-0092MFB 11/8/2019 083687 511 SW 3 AVE, ROCHESTER, MN 55902 $250,000 Fit out of shell space for common area and community room for the residents. (Residence at Discovery Square) Vance Vinar 3686 CHAPPUIS TRAIL FARIBAULT, MN 55021 CO Issued 4/14/2020 Multi-Family Bldg Alteration R19-0104MFB 11/8/2019 NOPN99 728 SW 1 AVE, ROCHESTER, MN 55902 $34,000 Replacement of existing gypsum ceiling, batt insulation and rigid foam on the underside of a parking garage. (Point of View Condo Association) POV Condo Association 728 1st Ave SW Rochester, MN 55902 C of C Issued 2/18/2020 Commercial Bldg Alteration R20‐0057CB 04/01/20 11555 1215 2 ST SW, ROCHESTER, MN 55902 $26,000 Contractor to remove and replace equipment, antennas and coax. (Roc Fiksdal Motel)Verizon Wireless Finaled 4/28/2020 Commercial Bldg Alteration R20‐0159CB 07/08/20 82430 206 BROADWAY AVE S, ROCHESTER, MN 55904 $262,128 Interior fit‐up of fourth floor for office and training. (MN Public Defenders Office)Cornerstone Management C of C Issued 10/5/2020 Multi‐Family Bldg Alteration R20‐0022MFB 06/17/20 18102 211 2 ST NW 2003, ROCHESTER, MN 55901 $80,000 Combining apartment 2003 and 2004 into one apartment. (Charter House) CHARTERHOUSE INC ‐ Deborah Kenitz Finaled 10/29/2020 Multi‐Family Bldg Alteration R20‐0016MFB 05/22/20 18102 211 2 ST NW 417, ROCHESTER, MN 55901 $130,000 Remodel of suite 417. (Charter House) CHARTERHOUSE INC ‐ Deborah Kenitz Finaled 11/18/2020 Multi‐Family Bldg Alteration R20‐0001MFB 01/28/20 18102 211 2 ST NW 804, ROCHESTER, MN 55901 $70,000 Combining apartment 804 and 805 into one apartment. (Charter House) CHARTERHOUSE INC ‐ Deborah Kenitz Finaled 9/23/2020 Commercial Bldg Alteration R20‐0017CB 05/28/20 82434 211 BROADWAY AVE S, ROCHESTER, MN 55904 $89,000 Remodel of existing office space into two apartments condos. (211 S. Broadway)NINE UNLIMITED LLC C of O Issued 9/25/2020 Commercial Bldg Addition R20‐0185CB 08/11/20 81808 214 BROADWAY AVE N, ROCHESTER, MN 55906 $10,000 Adding to the existing deck. (Hollandberry Pannekoeken Restaurant)Tasos Psomas Finaled 9/14/2020 Multi‐Family Bldg Alteration R20‐0028MFB 07/07/20 17870 224 1 AVE SW, ROCHESTER, MN 55902 $134,536 Remove and replace existing blasted EPDM roof. (Residences of Old City Hall)Multiple Financial Services Finaled 8/13/2020 Commercial Bldg Alteration R20‐0124CB 06/12/20 17784 324 1 AVE SW, ROCHESTER, MN 55902 $755,000 MinnWest Bank new branch office tenant fit out at the 324 Apartment Building. (MinnWest)Minnwest Bank C of O Issued 10/2/2020 Commercial Bldg New R20‐0157CB 06/17/20 70415 400 5 AVE SW, ROCHESTER, MN 55902 $22,107 Replace existing retaining wall with new modular retaining wall. (Christ United Methodist Church)CHRIST UNITED METHODIST CHFinaled 7/2/2020 Commercial Bldg Alteration R20‐0141CB 05/27/20 77284 705 2 ST SW, ROCHESTER, MN 55902 $39,700 Re‐roof of existing building. Tear off and re‐roof asphaltic shingles. (Gift of Life Transplant House) Gift of Life Transplant House Finaled 6/22/2020 Commercial Bldg Phased Partial Permit R20‐0243CB 11/04/20 83796 415 2 AVE SW, ROCHESTER, MN 55902 $7,500,000 Footing, foundations and underground utilities. (Two Discovery Square)Rochester 2 Associates LLC Issued 11/4/2020 Commercial Bldg Phased Partial Permit R20‐0281CB 12/18/20 83796 415 2 AVE SW, ROCHESTER, MN 55902 $2,200,000 Structural steel. (Two Discovery Square)Rochester 2 Associates LLC Issued 12/18/2020 Partial Completed Projects $31,062,703 TOTAL $21,362,703