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Home My WebLink AboutDMCC Resolution No. EC 10-2024 (Approving Certification to DEED Pursuant to Statute) MN 1030810.2 DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE RESOLUTION NO. EC-10-2024 Authorizing April 1, 2024 Certification to DEED Pursuant to Statute The following Resolution was offered by Kim Norton, seconded by Mark Thein. 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. 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 (“EDA”) have prepared the draft certification, due on April 1, 2024, attached hereto as Exhibit A. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Executive Committee of the Destination Medical Center Corporation Board of Directors that the Chair or Vice Chair of the DMCC is authorized to execute and submit the 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 to take such other actions as are necessary and appropriate to effectuate the timely submission of the report to DEED. MN 1030810.2 The question was on the adoption of the Resolution and there were 4 YEAS and 0 NAYS, as follows: EXECUTIVE COMMITTEE Destination Medical Center Corporation YEA NAY OTHER Kim Norton __X__ ____ ______ Mark Thein __X__ ____ ______ Pamela Wheelock __X__ ____ ______ Paul D. Williams __X_ ____ ______ RESOLUTION ADOPTED on March 14, 2024. ATTEST: _____________________________ Pamela Wheelock, Chair Destination Medical Center Corporation EXHIBIT A 1 2 3 4 5 6 7 8 9 For all other Expenditures: Certification of Expenditure Destination Medical Center For Calendar Year 2023 Due to Commissioner of Employment and Economic Development (DEED) by April 1, 2024 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 2023, and the certifications required to support the documentation under the City of Rochester Commissioner of Employment and Economic Development State Infrastructure Aid Agreement. $133,652,089.33 $12,583,587.00 $146,235,676.33 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)$38,702,628.94 $1,461,132,648.74 $146,235,676.33 $1,607,368,325.07 $1,407,368,325.07 Previous Years Expenditures (cumulative) TOTAL Expenditures This Year3 (from Box 3) All Claimed Expenditures as of 12/31/23 (Box 4 plus Box 5) Qualified Expenditures claimed in 2023 (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: $6,333,157.46 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 02/23/2024 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 Permit Type Permit Number Permit Date Parcel ID Address Valuation Description Owner Permit Status Date Commercial Bldg R18-0020CB 1/30/2018 018054 121 N Broadway $88,000 Interior demolition on all three levels Castle Community LLC Finaled 8/28/2023 Commercial Bldg R19-0249CB 9/20/2019 17897 101 SW 1 Ave $210,500 build out for a salad shop MAR 1st Avenue SW LLC Closed 3/20/2023 Multi-Family Bldg R20-0037MFB 8/21/2020 17969 22 N Broadway $374,222 Re-roof and new wall panels Com Housing Service Closed 4/11/2023 Commercial Bldg R21-0329CB 10/11/2021 78774 221 SW 1 Ave $120,000 Remodel of Suite 102 for lab Equipment Rion Health Closed 4/9/2022 Commercial Bldg R22-0160CB 6/27/2022 79686 255 SW 1 Ave $991,506 Remodel of existing space for use as a new restaurant, The Well Powers Ventures -Joe Powers C of C Issued 2/13/2023 Commercial Bldg R22-0185CB 11/4/2022 18477 401 N Broadway Ave $49,188 Installing flush, roof-mounted 45.6 kW (DC) PV solar system Bryk Apartment Rochester LLC Closed 5/12/2023 Commercial Bldg R22-0249CB 10/4/2022 14431 330 S Broadway Ave $250,000 Build-out for future restaurant Marrow Robert Beeman C of O Issued 6/2/2023 Commercial Bldg R22-0254CB 9/1/2022 82430 206 S Broadway Ave $625,000 Tennant build-out for Region 05 SSA Field Office Bloom International Realty LLC Finaled 10/2/2023 Commercial Bldg R22-0400CB 1/25/2023 17882 150 S Broadway Ave $3,000,000 Renovation of 212 guest rooms to convert into dorm rooms for UMR Student Housing BGD5 Hotel LLC C of O Issued 10/13/2023 Commercial Bldg R22-0423CB 12/28/2022 11552 1227 SW 2 St $82,000 Interior remodel of existing building to accommodate new Luona Bubble Tea B PAS LLC C of O Issued 6/13/2023 Commercial Bldg R22-0435CB 12/20/2022 17894 155 SW 1 Ave $350,000 Removal of escalator and installation of a structural steel stair for Centerplace.BGD5 Office LLC Closed 5/1/2023 Commercial Bldg R22-0035CB 4/4/2022 84104 217 SW 14 Ave $1,400,000 Interior buildout of existing tenant space for Red Cow restaurant and bar Rochester MN Properties LLC C of O Issued 1/23/2023 Commercial Bldg R23-0001CB 2/12/2023 18477 401 N Broadway Ave $500,000 Fit-up of first floor lease spaces #1 (bike shop) and #3 (office) Bryk Apartments Rochester LLC Closed 6/13/2023 Commercial Bldg R23-0016CB 3/1/2023 17926 21 SW 1 St.$658,679 Fit out for Word on Fire Rochester Studio Facility on the second floor Rochester Property Owner LLC C of O Issued 12/4/2023 Commercial Bldg R23-0045CB 4/21/2023 17882 150 S Broadway Ave $1,500,000 Renovation of existing ballrooms to become a full service kitchen and dining center BGD5 Hotel LLC C of O Issued 10/13/2023 Commercial Bldg R23-0194CB 7/20/2023 57422 20 SE 4 St $56,000 Fit up for Our Paladar Restaurant Porch and Cellar LLC C of O Issued 8/3/2023 Commercial Bldg R23-0336CB 10/12/2023 85691 415 SW 2 Ave $1,100,000 Tenant fit out for Suite 240 Rochester 2 Associates C of O Issued 12/29/2023 Commercial Bldg R23-0151CB 6/27/2023 085691 415 SW 2 Ave $700,000 Tenant fit out for Suite 1300 Rochester 2 Associates C of O Issued 8/31/2023 Commercial Bldg R23-0069CB 3/2/2023 77149 1203 SW 2 St $85,717 Re-roof for Canadian Honker restaurant Canadian Honker Restaurant Closed 5/22/2023 Commercial Bldg R23-0153CB 6/6/2023 079185 318 SW 1 Ave $42,775 Tenant improvements for Phase 1 Regus at 318 Commons GH HOLDINGS LLC C of C Issued 8/22/2023 Commercial Bldg R23-0201CB 6/29/2023 083133 601 SW 2 St $150,000 Remodeling the existing Meeting Room in the Townplace Hotel TPS Rochester I LLC Closed 9/7/2023 Commercial Bldg R23-0320CB 9/19/2023 083795 202 SW 4 St $250,000 Lab fit-up for Rion Health-Phase 3 Fourth level Discovery Square building Rion C of O Issued 11/29/2023 $12,583,587 Building Permits within the DMC Boundary (Does not include Mayo Projects) Completed Year Projects 2018 88,000.00$ 2019 210,500.00$ 2020 374,222$ 2021 120,000$ 2022 6,747,694$ 2023 5,043,171$ TOTAL 12,583,587$