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HomeMy WebLinkAboutResolution No. 108-26 - Resolution - University of Minnesota Rochester GSIA Funds RESOLUTION Approving Expenditure of Destination Medical Center (DMC) Strategic Redevelopment Funds in Support of the University of Minnesota Rochester Project. WHEREAS, the Development Plan adopted by the Destination Medical Center Corporation (DMCC) on April 23, 2015, as amended, (the “Development Plan”) established certain goals and objectives of economic development, which include creating approximately 35,000 – 45,000 new jobs, leveraging the public investment to attract private investment, attracting new business, and expanding existing businesses, as well as implementing strategies to attract, retain, and foster the development of a highly skilled workforce. The Development Plan also directed a comprehensive strategy to address all facets of building and sustaining the development district boundaries as adopted in the Development Plan; and WHEREAS, the University Minnesota Rohester (UMR) is proposing a $10.38 million capital project within the Discovery Square subdistrict of the DMC. The project will convert 1,400 square feet of classroom space into hooded laboratory space in One Discovery Square and develop approximately 12,603 square feet of teaching laboratories, classrooms, and collaboration space in Two Discovery Square; and WHEREAS, DMC EDA and City staff conducted a comprehensive evaluation of UMR’s application, including draft lease materials, fit plans, construction estimates, lease terms, and program documentation. Staff determined the project satisfies DMC statutory eligibility requirements, with reimbursement limited exclusively to eligible permanent hard costs, including structural construction, fixed laboratory infrastructure, and integrated building systems. Movable equipment, furniture, and programmatic assets are explicitly excluded; and WHEREAS, the University Minnesota Rochester Project aims to locate teaching, laboratory, and workforce-development capacity inside Discovery Square, supporting one of the conditions set for Discovery Square’s long-term success, talent employers, innovators, and ecosystem partners need a visible workforce and learning pipeline embedded in the district itself; and WHEREAS, UMR enrollment increased from 938 students in Fall 2024 to 1,122 students in Fall 2025, representing 20% single-year growth, with projections exceeding 2,500 students by 2030. Existing laboratory capacity is fully utilized. Without this investment, UMR would likely need to cap enrollment growth or develop additional lab capacity outside Discovery Square, reducing opportunities for collaboration within the district’s innovation ecosystem; and WHEREAS, the Project expands healthcare and life-science workforce capacity through teaching laboratories, applied learning environments, and workforce development programming integrated within Discovery Square. UMR’s partnership with the Mayo Clinic School of Health Sciences and its expanding academic programs in nursing, digital health, pharmacy, dentistry, and allied health underscore the project’s workforce development value; and. WHEREAS, the DMCC Board approved the use of DMC Strategic Redevelopment Funds in support of the University of Minnesota Rochester Project at their May 21, 2026, DMCC meeting in the amount of up to $3,000,000; and WHEREAS, it is recommended that the Rochester Common Council approve up to $3,000,000 in DMC CIP Strategic Redevelopment fund to support the University of Minnesota Rochester Project; and WHEREAS, the Project is subject to reimbursement being limited to documented eligible permanent hard costs; compliance with DMC statutory requirements, including prevailing wage, American-made steel, targeted business utilization, and sustainable building guidelines; execution of a Development Assistance Agreement; and enforceable durability provisions ensuring long-term district-serving use; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester, MN, that the Council authorized the use of up to $3,000,000 from the DMC CIP Strategic Redevelopment fund for the proposed University of Minnesota Rochester Project. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2026. ___________________________________ PRESIDENT OF SAID COMMON COUNCIL ATTEST: __________________________ CITY CLERK APPROVED THIS _____ DAY OF ______________________, 2026. ___________________________________ MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota)