HomeMy WebLinkAboutResolution No. 211-21 - Resolution - 2022 DMCC and DMC-EDA Budgets
RESOLUTION
Approving the 2022 Destination Medical Center Corporation (DMCC) operating
budget and the 2022-2027 Capital Budget, as well as the DMCC and the
Destination Medical Center Economic Development Agency (DMC-EDA) 2022
Working Capital Loan Extensions.
WHEREAS, the Destination Medical Center Corporation (DMCC) must adopt an annual
Funding Request and Five Year Capital Plan; and
WHEREAS, the DMCC Funding Request includes the DMCC annual budget, the Destination
Medical Center Economic Development Agency (DMC-EDA) annual budget and work plan,
and support costs incurred by the City of Rochester; and
WHEREAS, the City Council of the City of Rochester must review and approve the DMCC’s
annual budget; and
WHEREAS, the City Council of the City of Rochester must approve extensions of working
capital loans for the DMCC and the DMC-EDA; and
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rochester does
hereby approve the 2022 operating budget and the 2022-2027 capital budget for the DMCC
and the DMC-EDA.
BE IT FURTHER RESOLVED, that the City Council of the City of Rochester does hereby
approve the extension of the 2022 working capital loans for both the DMCC and the DMC-
EDA.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2021.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2021.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)