HomeMy WebLinkAboutResolution No. 202-24 - Resolution - 2025 Destination Medical Center Corporation (DMCC) Budget - Operating and Capital
RESOLUTION
Adopting a Resolution approving the 2025 Destination Medical Center Corporation
(DMCC) Operating Budget, the 2025-2029 DMCC Capital Budget, the DMCC and the
DMC Economic Development Agency Working Capital Loan Extensions.
WHEREAS, the Destination Medical Center Corporation (DMCC) must adopt an annual
Funding request and a 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 supports 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, by the Common Council of the City of Rochester
that the 2025-2029 Capital Improvement Plan (CIP) for the Destination Medical Center
Corporation totaling $161,530,036, which includes 2025 authorized DMC funding of
$38,486,389 and the 2025 DMC operating budget of $4,675,650 for the DMCC and DMC
EDA are approved.
BE IT FURTHER RESOLVED, by the Common Council of the City of Rochester that the
extension of the 2024 working capital loan in the amount of $1,000 for the DMCC and the
2024 working capital loan in the amount of $100,000 for the DMC EDA are approved.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2024.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2024.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)