HomeMy WebLinkAboutResolution No. 241-24 - Resolution - 2025-2029 Capital Improvement Plan Budget
RESOLUTION
Adopting the 2025-2029 Capital Improvement Plan Budget.
BE IT RESOLVED by the Common Council of the City of Rochester that City adopts the
2025-2029 Capital Improvement Plan Budget for the City as set forth in writing in the
appended document, and the individual projects listed therein.
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)
Appendix
Resolution - Amendments to the 2024-25 City Budget for Parks Maintenance-
Downtown Energy Phase 2-N. Broadway Park and Ride
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.