HomeMy WebLinkAboutDMCC Resolution No. EC 09-2023 (Authorizing April 1 2023 Report to DEED)1
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For all other Expenditures:
Certification of Expenditure
Destination Medical Center
For Calendar Year 2022
Due to Commissioner of Employment and Economic Development (DEED) by April 1, 2023
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 2022, and the certifications required to support the documentation under the City of Rochester Commissioner of
Employment and Economic Development State Infrastructure Aid Agreement.
$172,632,461.06
$26,456,228.36
$199,088,689.42
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
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)$34,681,147.84
$1,262,043,959.32
$199,088,689.42
$1,461,132,648.74
$1,261,132,648.74
Previous Years Expenditures (cumulative)
TOTAL Expenditures This Year3 (from Box 3)
All Claimed Expenditures as of 12/31/21 (Box 4 plus Box 5)
Qualified Expenditures claimed in 2021 (Box 6 minus $200,000,000)
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:
$5,675,096.92
1Expenditures need to be after June 30, 2013
2Other Private Entities' certification of expenses may be certified retroactively in 2014 after the Destination Medical
Center District and Development Plan are adopted.
Form Revised 02/28/2023
3This figure is based solely upon project building permit costs. Minn. Stat. § 469.47, subd 1(d) permits additional
expenditures, and discussion is underway as to how to document such additional expenditures, which may result in
adjustments.
DateDestination Medical Center Corporation
EXHIBIT A
Building Permits within the DMC Boundary
(Does not include Mayo Projects)
Completed
Year Projects
2018 250,000$
2020 392,588$
2021 4,100,399$
2022 1,213,854$
TOTAL 5,956,841$
2022 Destination Medical Center ‐ Partially Completed Projects Tracking
2021 2022
Project Address
Total Building Permit Value
To Date Partial Completed Work
Bryk Apartments 401 N Broadway 25,000,000.00$ 4,500,612.64$ 20,499,387.36$
TOTAL 26,456,228.36$
2016 2017 2018
Project Address
Partial Completed
Work Claimed Permit Number Value
Completion
Date Permit Number Value
Completion
Date Total Permits Balance Claimed Balance Claimed
1st Avenue Flats 400 NW 1 Avenue 4,976,244.00$ R16‐0024MFB 622,000.00$ R16‐0008MFB 8,097,735.57$ 6/26/2017 8,719,735.57$ 3,743,491.57$ ‐$
Lofts at Mayo Park 123 SE 6 Avenue 6,347,552.97$ R15‐0079MFB 794,323.00$ 3/6/2017 R16‐0011MFB 6,105,677.00$ 8/17/2017 6,900,000.00$ 552,447.03$ ‐$
501 on First 501 SW 1 Avenue 12,534,186.96$ R15‐0053MFB 1,555,125.00$ 9/2/2016 R15‐0058MFB 11,422,057.75$ 1/28/2018 12,977,182.75$ ‐$ 442,995.79$
Flats on 4th (Buckeye) 412 SE 3 Avenue 8,906,937.40$ R15‐0107MFB 2,400,000.00$ 12/6/2018 R16‐0009MFB 10,682,292.00$ 2/12/2018 13,082,292.00$ ‐$ 4,175,354.60$
TOTAL for 2016 32,764,921.33$ 41,679,210.32$ 4,295,938.60$ 4,618,350.39$
Dollar amount finaled in 2016 1,555,125.00$
Dollar amount submitted for partial work in 2016 31,209,796.33$
TOTAL for 2017 4,295,938.60$
TOTAL for 2018 4,618,350.39$
2017 2018
Project Address
Partial Completed
Work Claimed Permit Number Value
Completion
Date Permit Number Value
Completion
Date Permit Number Value Completion Date Total Permits Balance Claimed
Broadway @ Center 10 East Center Street 33,866,963.98$ R15‐0081CB 1,000,000.00$ 12/6/2018 R15‐0384CB 45,000,000.00$ TCO 4/1/19 R15‐0447CB 38,282,463.00$ 7/25/2019 84,282,463.00$ 50,415,499.02$
Discovery Square 202 4th Street SW 2,965,073.30$ R17‐0384CB 1,750,000.00$ 11/13/2018 R17‐0454CB 1,290,000.00$ 11/13/2018 R17‐0492CB 12,969,000.00$ 7/10/2019 16,009,000.00$ 13,043,926.70$
TOTAL for 2017 36,832,037.28$ 100,291,463.00$ 63,459,425.72$
TOTAL for 2018 63,459,425.72$
2018 2019 2020
Project Address
Partial Completed
Work Claimed Permit Number Value
Completion
Date Permit Number Value
Completion
Date Permit Number Value
Completion Date Total Permits Balance Claimed Balance Claimed
Ronald McDonald House 850 2nd Street SW 4,872,363.01$ R18‐0048CB 10,126,000.00$ 11/4/2019 10,126,000.00$ 5,253,636.99$ ‐$
Hotel Indigo (Holiday Inn) 220 South Broadway 1,156,333.15$ R18‐0294CB 500,000.00$ 4/19/2021 R18‐0389CB 5,000,000.00$ 10/22/2020 R18‐0454CB 5,000,000.00$ 10/27/2020 10,500,000.00$ 9,343,666.85$ ‐$
Residence @ Dis. Sq. 511 3rd Ave. SW 9,820,880.09$ R17‐0143MFB 1,750,000.00$ 8/30/2019 R17‐0141MFB 17,250,000.00$ 4/7/2020 19,000,000.00$ 9,179,119.91$ ‐$
Urban on First 429 South Broadway 12,455,954.00$ R18‐0003MFB 2,428,958.00$ 11/19/2019 R18‐0015MFB 28,380,000.00$ 11/19/2019 30,808,958.00$ 18,353,004.00$ ‐$
Berkman (Alatus)217 & 301 14th Ave SW 25,936,546.00$ R17‐0157MFB 4,900,000.00$ 7/15/2020 R18‐0011MFB 86,237,507.00$ 7/15/2020 R18‐0037MFB 2,178,293.00$ 7/14/2020 93,315,800.00$ 59,063,337.00$ 8,315,917.00$
TOTAL for 2018 54,242,076.25$ 101,192,764.75$
TOTAL for 2019 101,192,764.75$
TOTAL for 2020 8,315,917.00$
2019 2020 2021
Project Address
Partial Completed
Work Claimed Permit Number Value
Completion
Date Permit Number Value
Completion
Date Permit Number Value
Completion Date Total Permits Balance Counted Balance Counted
Ryan/Wells Fargo 21 1st SW 5,250,000.00$ R19‐0029CB 5,250,000.00$ 3/27/2020 5,250,000.00$ ‐$
Hyatt House (Civic on First) 315 1st Ave. NW 6,940,448.00$ R18‐0467CB 3,710,000.00$ 2/18/2021 R19‐0003D 63,000.00$ R19‐0078CB 28,480,475.00$ 2/4/2022 32,253,475.00$ 24,151,076.04$ 1,161,950.96$
Eleven02 101 11th Ave. SW 4,159,810.90$ R19‐0206CB 6,750,000.00$ 2/16/2022 R19‐0235CB 22,940,975.00$ 4/26/2021 29,690,975.00$ 24,377,346.96$ 1,153,817.14$
TOTAL for 2019 16,350,258.90$ 48,528,423.00$ 2,315,768.10$
TOTAL for 2020 48,528,423.00$
TOTAL for 2021 2,315,768.10$
2020 2021
Project Address
Partial Completed
Work Claimed Permit Number Value
Completion
Date Permit Number Value
Completion
Date Permit Number Value
Completion Date Total Permits Balance Counted
Two Discovery Square 415 2 Ave SW 5,553,179.85$ R20‐0243CB 7,500,000.00$ 12/15/2021 R20‐0281CB 2,200,000.00$ 12/15/2021 R20‐0312CB 10,461,480.00$ 3/2/2022 20,161,480.00$ 14,608,300.15$
TOTAL for 2020 5,553,179.85$
TOTAL for 2021 14,608,300.15$
2021 2022
Project Address
Partial Completed
Work Claimed Permit Number Value
Completion
Date Permit Number Value
Completion
Date Total Permits Balance Counted
Bryk Apartments 401 N Broadway Ave 4,500,612.64$ R21‐0031MFB 1,000,000.00$ 8/18/2022 R21‐0038MFB 24,000,000.00$ 25,000,000.00$ 20,499,387.36$
TOTAL for 2021 4,500,612.64$
TOTAL for 2022 20,499,387.36$ Based on the Application and Certificate for Payment for the project, the total contract price for the development is $33,894,231
2021 Destination Medial Center ‐ Partially Completed Projects Tracking
2021
2020 Destination Medial Center ‐ Partially Completed Projects Tracking
2020
2018 Destination Medial Center ‐ Partially Completed Projects Tracking
2018
2019 Destination Medial Center ‐ Partially Completed Projects Tracking
2017
2016 Destination Medial Center ‐ Partially Completed Projects Tracking
2017 Destination Medial Center ‐ Partially Completed Projects Tracking
2017
Permit Type Permit Number Permit Date Parcel ID Address Amount Description Owner Permit Status Date
Commercial Bldg R18‐0141CB 7/31/2018 017883 7 SW 2 ST $250,000 New restaurant within an existing space.Yong Hao Liu Finaled 12/9/2022
Commercial Bldg R20‐0225CB 10/26/20 82430 206 BROADWAY AVE S $254,588 Tenant build‐out Cornerstone Management Services Finaled 02/11/22
Commercial Bldg R20‐0153CB 07/02/20 17926 21 1 ST SW $100,000 Interior remodel of existing office. (Wendland‐Utz Law)Chris Wendland C of C Issued 04/27/22
Sign R20‐0120S 12/04/20 17926 21 1 ST SW $38,000 Wall signs for Wells Fargo [lit]none given Finaled 10/21/22
Commercial Bldg R21‐0047CB 3/2/2021 83795 202 SW 4 ST $1,900,000 Tenant fit‐up of offices, conference rooms and lab spaces. (Discovery Square)Paul Stalboerger CO Issued 3/22/2022
Commercial Bldg R21‐0097CB 4/7/2021 79185 318 SW 1 AVE $1,661,399 Remodeling of the second floor of 318 Commons ‐ offices and collaboration spaces.GH HOLDINGS LLC C of C Issued 4/22/2022
Commercial Bldg R21‐0326CB 9/16/2021 84934 311 NW 1 AVE $52,000 Fit‐up of commercial space to accommodate new salon ARTIKA CIVIC CENTER HOTEL JV LLC C of C Issued 2/22/2022
Commercial Bldg R21‐0442CB 12/15/2021 17773 20 SW 3 ST $25,000 Interior finishes for Mezza Cafe Sammi, Lawernce Finaled 9/16/2022
Commercial Bldg R21‐0443CB 12/15/2021 18097 223 N BROADWAY AVE $230,000 Tenant improvement for a new office space for Ironton IRONTON LLC C of C Issued 7/22/2022
Commercial Bldg R21‐0058MFB 12/3/2021 12780 621 SW 1 ST $120,000 Renovating the following units in Uptown Landings Apartments: G2, 103, 104, 203, 205 & 306 UPTOWN LANDING HOLDINGS LLC Finaled 12/16/2022
Commercial Bldg R21‐0059MFB 12/3/2021 9449 625 SW 3 ST $112,000 Renovations for Uptown Terrace Apartments in the following units: 2, 3, 8, 9, and 15 UPTOWN TERRACE HOLDINGS LLC Finaled 10/21/2022
Commercial Bldg R22‐0045CB 2/1/2022 83795 202 SW 4 ST $20,000 Tenant fit‐up of a conference room for Thermo Fisher Scientific at Discovery Square Thermo Fisher C of C Issued 8/4/2022
Commercial Bldg R22‐0059CB 2/9/2022 81808 212 N BROADWAY AVE $83,490 Tenant fit‐up for Queen Center Interiors by J Curry SKIATHOS LLC C of O Issued 7/6/2022
Commercial Bldg R22‐0060CB 2/10/2022 56916 1125 SW 2 ST $67,000 Replacing small amount of insulation and drywall. Flooring in eight rooms, laundry room and maintenance offi CARPENTER AND TORGERSON SSMR LLC Finaled 2/23/2022
Commercial Bldg R22‐0146CB 3/31/2022 78774 221 SW 1 AVE $46,000 Addition of doors to Bio Business 6 Sean Williams Finaled 10/18/2022
Commercial Bldg R22‐0214CB 5/20/2022 79921 426 SE 3 AVE $619,300 Interior remodel of existing space into a warming/day shelter. (The Landing)Dan Fifield C of O Issued 11/10/2022
Commercial Bldg R22‐0235CB 6/8/2022 83133 601 SW 2 ST $200,000 Towne Place Suites remodel of existing bar into Spyhouse Coffee Roasters coffee shop TPS ROCHESTER I LLC C of O Issued 11/22/2022
Commercial Bldg R22‐0268CB 7/7/2022 25728 27 SE 9 ST $99,256 Re‐roof at Soldiers Field Plaza TRCH PLAZA LLP Finaled 9/20/2022
Commercial Bldg R22‐0364CB 9/26/2022 18097 223 N BROADWAY AVE $78,808 Roof replacement for 223 Building IRONTON LLC Finaled 12/2/2022