HomeMy WebLinkAbout8/27/2015 DMCC Board Meeting - Agenda and Meeting Packet
DESTIN ATION
MEDICAL CENTER
CORPOR ATION
(DMCC)
BOARD MEETING
9:30 A.M. THURSDAY, August 27, 2015
MAYO CIVIC CENTER - ROCHESTER
TO: Jim Bier, Treasurer
Kathleen Lamb, Attorney
FR: Dale Martinson, Assistant Treasurer
Date: August 18, 2015
RE: July 2015 Financial Summary
The attached financial summary for July reflects activity to date totaling $1,356,545 of 2015
budgeted expenditures plus $550,675 of total closeout work on the 2014 plan development
carryover costs. The highest cost category again continues to be the professional services
contract costs totaling $1,025,337 with the most significant portion going to the Hammes
Company for their services to the DMC EDA.
It is important to note in the bottom portion of the face summary, that the working capital loan
outstanding to the DMC EDA has now increased by $40,000 to a total of $50,000. The DMC
EDA has now hired their first two staff positions and will need to be making payroll outlays from
this cash until replenishment can be made, likely twice per month.
Please feel free to contact me with any questions or concerns.
Destination Medical Center Corporation
Financial Budget Summary
July 2015
2015 Amended Curent Month July 2015 Amount Percent
Approved Budget July 2015 YTD Remaining Remaining
General Expenses 217,203 2,174 18,257 198,946 92%
Professional Services 780,600 76,649 180,425 600,175 77%
City Expenses 275,000 ‐ 275,000 100%
Subtotal DMCC 1,272,803 78,823 198,682 1,074,121 84%
Third Party Costs ‐ DMC EDA *
Payroll, Staff, Administration & Benefits‐EDA 218,000 ‐ ‐ 218,000 100%
General Expenses ‐ EDA 79,000 225 1,392 77,608 98%
Economic Development Outreach 108,000 29,074 131,094 (23,094) ‐21%
Meeting Expenses ‐ ‐ ‐ ‐
Professional Services 2,295,000 267,398 1,025,377 1,269,623 55%
Miscellaneous Expenses 100,000 ‐ 100,000 100%
Subtotal EDA 2,800,000 296,697 1,157,863 1,642,137 59%
Total DMCC 2015 4,072,803 375,520 1,356,545 2,716,258 67%
‐
‐ ‐
Plus 2014 EDA Project/Contract Carryover 570,106 *31 550,675 19,431 3%
DMCC Working Capital Note 1,000
* See Attached Contract Commitments for EDA Portion EDA Working Capital Note 50,000
*Carryover of 2014 Budget to complete plan as approved by board on 7/30/2015
Report 4002
8/7/2015 - 3:43 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
DETAIL COST REPORT #2
Variance
Division Description
Master Project
Budget
A
Original
Contract
Amount
B
Contract
Revisions
C
Committed
Costs
B+C
Committed Direct
Owner Purchases
D
Un-Committed
Costs
E
Final Projected
Cost
B+C+D+E
Over/(Under)
Budget
(B+C+D+E)-A
Total Work
In Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $135,000.00 $13,390.47 $0.00 $13,390.47 $0.00 $121,609.53 $135,000.00 $0.00 $1,299.57 0.96%
40-05-300 Planning Services, Architecture, Engineering $135,000.00 $13,390.47 $0.00 $13,390.47 $0.00 $121,609.53 $135,000.00 $0.00 $1,299.57 0.96%
40-25-000 Marketing & Public Relations $318,000.00 $386,516.20 $0.00 $386,516.20 $0.00 ($68,516.20)$318,000.00 $0.00 $131,093.70 41.22%
40-25-300 Communications, Marketing & PR $108,000.00 $273,225.00 $0.00 $273,225.00 $0.00 ($165,225.00)$108,000.00 $0.00 $116,012.50 107.42%
40-25-310 Public Relations & Communications $210,000.00 $113,291.20 $0.00 $113,291.20 $0.00 $96,708.80 $210,000.00 $0.00 $15,081.20 7.18%
40-30-000 Development Services $1,900,000.00 $1,862,000.00 $0.00 $1,862,000.00 $0.00 $38,000.00 $1,900,000.00 $0.00 $962,000.00 50.63%
40-30-300 Development Services $1,860,000.00 $1,860,000.00 $0.00 $1,860,000.00 $0.00 $0.00 $1,860,000.00 $0.00 $960,000.00 51.61%
40-30-310 Financial, Accounting & Investment Services $40,000.00 $2,000.00 $0.00 $2,000.00 $0.00 $38,000.00 $40,000.00 $0.00 $2,000.00 5.00%
40-35-000 Legal Services $50,000.00 $46,329.33 $548.00 $46,877.33 $0.00 $3,122.67 $50,000.00 $0.00 $46,877.33 93.75%
40-35-300 Legal Services $50,000.00 $46,329.33 $548.00 $46,877.33 $0.00 $3,122.67 $50,000.00 $0.00 $46,877.33 93.75%
40-90-000 Other Development Costs $397,000.00 $39,166.97 $225.00 $39,391.97 $0.00 $357,608.03 $397,000.00 $0.00 $16,591.97 4.18%
40-90-115 Payroll, Staff, Administration & Benefits-EDA $218,000.00 $0.00 $0.00 $0.00 $0.00 $218,000.00 $218,000.00 $0.00 $0.00 0.00%
40-90-120 General Expenses-EDA $79,000.00 $1,166.97 $225.00 $1,391.97 $0.00 $77,608.03 $79,000.00 $0.00 $1,391.97 1.76%
40-90-300 Reimbursable Expenses $100,000.00 $38,000.00 $0.00 $38,000.00 $0.00 $62,000.00 $100,000.00 $0.00 $15,200.00 15.20%
Subtotal $2,800,000.00 $2,347,402.97 $773.00 $2,348,175.97 $0.00 $451,824.03 $2,800,000.00 $0.00 $1,157,862.57 41.35%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $2,800,000.00 $2,347,402.97 $773.00 $2,348,175.97 $0.00 $451,824.03 $2,800,000.00 $0.00 $1,157,862.57 41.35%
Work in PlaceSchedule of Values
July 31, 2015
Report 4002
8/7/2015 - 3:31 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY
DETAIL COST REPORT #15
Variance
Division Description
Master Project
Budget
A
Original
Contract
Amount
B
Contract
Revisions
C
Committed
Costs
B+C
Committed Direct
Owner Purchases
D
Un-Committed
Costs
E
Final Projected
Cost
B+C+D+E
Over/(Under)
Budget
(B+C+D+E)-A
Total Work
In Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $2,431,000.00 $1,545,921.60 $94,900.87 $1,640,822.47 $0.00 $765,022.67 $2,405,845.14 ($25,154.86)$1,625,727.69 67.57%
40-05-300 Planning Services, Architecture, Engineering $2,431,000.00 $1,545,921.60 $94,900.87 $1,640,822.47 $0.00 $765,022.67 $2,405,845.14 ($25,154.86)$1,625,727.69 67.57%
40-25-000 Marketing & Public Relations $790,000.00 $247,563.05 $160,036.72 $407,599.77 $0.00 $382,400.23 $790,000.00 $0.00 $407,428.03 51.57%
40-25-300 Communications, Marketing & PR $545,000.00 $183,137.76 $135,326.90 $318,464.66 $0.00 $226,535.34 $545,000.00 $0.00 $318,463.16 58.43%
40-25-310 Public Relations & Communications $245,000.00 $64,425.29 $24,709.82 $89,135.11 $0.00 $155,864.89 $245,000.00 $0.00 $88,964.87 36.31%
40-30-000 Development Services $2,350,000.00 $2,300,000.00 $0.00 $2,300,000.00 $0.00 $50,000.00 $2,350,000.00 $0.00 $2,300,000.00 97.87%
40-30-300 Development Services $1,675,000.00 $1,675,000.00 $0.00 $1,675,000.00 $0.00 $0.00 $1,675,000.00 $0.00 $1,675,000.00 100.00%
40-30-310 Financial, Accounting & Investment Services $675,000.00 $625,000.00 $0.00 $625,000.00 $0.00 $50,000.00 $675,000.00 $0.00 $625,000.00 92.59%
40-35-000 Legal Services $425,000.00 $126,208.01 $325,641.64 $451,849.65 $0.00 $0.00 $451,849.65 $26,849.65 $451,849.65 100.00%
40-35-300 Legal Services $425,000.00 $126,208.01 $325,641.64 $451,849.65 $0.00 $0.00 $451,849.65 $26,849.65 $451,849.65 100.00%
40-55-000 Misc Professional Services $451,000.00 $298,473.00 $57,783.35 $356,256.35 $0.00 $20,054.45 $376,310.80 ($74,689.20)$352,092.30 93.56%
40-55-300 Economic Analysis, Market Research, Reports $351,000.00 $298,473.00 $57,783.35 $356,256.35 $0.00 $2,850.00 $359,106.35 $8,106.35 $352,092.30 98.05%
40-55-310 Other Professional Services & Project Costs $100,000.00 $0.00 $0.00 $0.00 $0.00 $17,204.45 $17,204.45 ($82,795.55)$0.00 0.00%
40-90-000 Other Development Costs $872,000.00 $182,504.02 $162,034.61 $344,538.63 $0.00 $600,455.78 $944,994.41 $72,994.41 $344,538.63 36.46%
40-90-115 Payroll, Staff, Administration & Benefits-EDA $460,000.00 $0.00 $0.00 $0.00 $0.00 $460,000.00 $460,000.00 $0.00 $0.00 0.00%
40-90-120 General Expenses-EDA $382,000.00 $182,504.02 $32,190.55 $214,694.57 $0.00 $140,455.78 $355,150.35 ($26,849.65)$214,694.57 60.45%
40-90-300 Reimbursable Expenses $30,000.00 $0.00 $129,844.06 $129,844.06 $0.00 $0.00 $129,844.06 $99,844.06 $129,844.06 100.00%
Subtotal $7,319,000.00 $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $1,817,933.13 $7,319,000.00 $0.00 $5,481,636.30 74.90%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $7,319,000.00 $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $1,817,933.13 $7,319,000.00 $0.00 $5,481,636.30 74.90%
Work in PlaceSchedule of Values
July 31, 2015
2015 Budget Roll forward
The Current 2015 (10 Month) Budget has three line item changes to the original adopted 2015 Budget:
1. $6,000 of payroll expenses was moved from “EDA Operational Costs” to “EDA Staff Costs” to
better group the expense.
2. $48,000 of “Rent, Utilities, Office & Equipment Expenses” was broken out from one single line
item to five line items to show more visibility to the different type of expenses.
3. $35,000 was moved from “Outreach, Print & Collateral” to “Website, Drafting and Graphics
Support” to allow for the upgrades to the website in 2015.
2015 Budget Rollforward A B A + B C A + B + C
2015 As Adopted Revisions Current Mayo Funding Total Budget
EDA Staff Costs
Payroll (156,000) - (156,000) (235,000) (391,000)
Benefits (62,000) - (62,000) (94,000) (156,000)
Payroll & HR Expenses - (6,000) (6,000) - (6,000)
Transportation/Transit Subsidy - - - - -
Reimbursements - - - - -
Total EDA Staff Costs (218,000) (6,000) (224,000) (329,000) (553,000)
EDA Operational Costs
Rent (48,000) 48,000 - (54,000) (54,000)
Payroll Expenses (6,000) 6,000 -
Utilities - - - (3,000) (3,000)
Security System, Phone/Computer Connections - - - - -
Equipment Rentals/Furniture - (11,000) (11,000) - (11,000)
Printer Lease - - - - -
Office Supplies/Consumables - (10,000) (10,000) - (10,000)
Postage, Shipping, Messenger - (1,100) (1,100) - (1,100)
IT Hardware Software Purchase - (18,000) (18,000) - (18,000)
IT Support, Offsite Backup, Phone Lease - - - - -
Room Rental - - - (9,000) (9,000)
Website, Drafting, Hosting (5,000) (35,000) (40,000) (25,000) (65,000)
Miscellaneous Ops Costs (20,000) (7,900) (27,900) (5,000) (32,900)
Total EDA Operational Costs (79,000) (29,000) (108,000) (96,000) (204,000)
Econ Dev Outreach & Support
Outreach, Print & Collateral (43,000) 35,000 (8,000) - (8,000)
Subscriptions/Professional Organization Memberships (5,000) - (5,000) - (5,000)
Conferences, Meetings, Travel & Sponsorships (40,000) - (40,000) - (40,000)
Miscellaneous Econ Dev Costs (20,000) - (20,000) - (20,000)
Total Econ Dev Outreach & Support (108,000) 35,000 (73,000) - (73,000)
Professional Services
EDA Development Management Services (1,860,000) - (1,860,000) - (1,860,000)
Legal Services (50,000) - (50,000) - (50,000)
Website Advanced Design - - - - -
Marketing Communications & Advertising - - - - -
Public Relations / Community Relations (210,000) - (210,000) - (210,000)
Financial Reporting Servcies (40,000) - (40,000) - (40,000)
Other Contracting Services (135,000) - (135,000) - (135,000)
Total Professional Services (2,295,000) - (2,295,000) - (2,295,000)
Miscellaneous Costs
Insurance & Taxes - - - (60,000) (60,000)
Miscellaneous Costs / Contingency (100,000) - (100,000) (100,000) (200,000)
Total Miscellaneous Costs (100,000) - (100,000) (160,000) (260,000)
Total Budget (2,800,000) - (2,800,000) (585,000) (3,385,000)
EDA 2016 DRAFT BUDGET DETAIL EDA 2015*
Budget Total
(EDA & Mayo -
10 mo. Budget
March - Dec
2015)
Draft EDA 2016
Budget (12 mo.
Budget)
Proposed 2016
Mayo Funding**2016 TOTAL 2016 Budget Assumptions
* 2.5% increase applied to each position after 1 year of employment during 2016 (average non-profit salary increase range is 2.5% - 3% according to Smart HR )
Payroll $391,000 $520,563 $229,219 $749,781 Exec Director, Communications/Community Relations Dir., Exec Assistant , Econ Dev/ Operations Dir, Finance Dir. , Bus Dev/Communication Coordinator
Benefits $156,000 $208,225 $91,688 $299,913 Benefits estimated at 40% of salary includes EDA benefits plus employer paid taxes and unemployment insurance
Mayo Contributed Staff $0 $0 $330,000 $330,000 Mayo's In-kind contribution (salary & benefits) for two Mayo employees to provide direct coordination with EDA
Payroll Expenses (note 1)$6,000 $6,000 $6,000 2016 budget comparable to the 2015 budget - Smart HR Services
Transportation/Transit Subsidy (note 2)$0 $7,200 $7,200 $1200 per year per staff member (6 staff)
Reimbursements (note 3)$0 $35,000 $35,000 Budget allocation for staff miscellaneous reimbursable expenses (meals, marketing lunches/dinners, etc., excluding travel); budgeted very conservatively < 1%
Subtotal $553,000 $777,000 $651,000 $1,428,000
Rent $54,000 $0 $72,000 $72,000 Rent cost estimate provided by Mayo Clinic Facilities
Utilities /Cleaning Services $3,000 $0 $0 Included in rent cost
Security System, Phone/Computer Connections $0 $0 $35,000 $35,000 Mayo Facilities Department budget
Equipment Rentals/Furniture $11,000 $8,000 $8,000 EDA budget: printer/copier annual leases
Office Supplies/Consumables $10,000 $14,000 $14,000 Full -year office supplies and consumables (includes an additional lap top purchase)
Postage, Shipping, Messenger, etc. $1,100 $2,200 $2,200 2016 budget estimate
Server and Maintenance Contract $18,000 $15,000 $15,000 Budget estimate for 2016/2017 server maintenance contract: $1250/ month (assume contract start 3rd Qtr. 2016) Note: server cost included in 2015 budget
Room Rental (Board Meetings & Community Meetings) (note 4)$9,000 $9,000 $9,000 2016 budget comparable to the 2015 budget
Website, Drafting, Hosting (note 5) $65,000 $65,000 $65,000 2016 budget comparable to the 2015 budget
Miscellaneous Costs (note 6)$32,500 $50,000 $50,000 Includes office phones, internet, other miscellaneous costs, and a contingency
Subtotal $204,000 $163,000 $107,000 $270,000
Outreach, Print & Collateral $8,000 $230,000 $230,000 Launch of comprehensive outreach campaign, design and production of marketing collateral
Subscriptions/Professional Organization Memberships $5,000 $15,000 $15,000 Allocation for EDA's staff members
Conferences, Meetings, Travel & Sponsorships $40,000 $225,000 $225,000 Budget for local, national, and international participation and event sponsorships to promote the DMC
Miscellaneous Costs $20,000 $25,000 $25,000 Budget allocation for additional outreach miscellaneous expenses
Subtotal $73,000 $495,000 $495,000
EDA Development Management Services $1,860,000 $0 $0 Not required in 2016 - EDA will be fully staffed and operational
Legal Services $50,000 $175,000 $175,000 Consultant contract negotiations, general business/nonprofit compliance issues, etc.
Website Advanced Design (note 7)$0 $65,000 $65,000 Additional consultant fees (currently Brandhoot) for Phase 2 web design services
Marketing Communications & Advertising $0 $393,000 $157,000 $550,000 Consultant fees, paid media, if any, and other related costs
Public Relations/Community Relations (note 8)$210,000 $200,000 $200,000 Lower budget due to addition of an EDA communication coordination staff member
Financial Reporting Services (e.g. tax, audit)$40,000 $90,000 $90,000 Higher financial reporting /audit fees expected in 2016
Other Contracting Services / Expenses $135,000 $225,000 $225,000 Budget allocation for additional contracted services including: econ/fiscal impacts, architectural/engineering design reviews, market analysis
Subtotal $2,295,000 $1,148,000 $157,000 $1,305,000
Insurance & Taxes $60,000 $80,000 $80,000 Budget allocation for anticipated higher cost
Miscellaneous Costs / Contingency $200,000 $325,000 $325,000 Budget allocation for miscellaneous costs and a contingency
Subtotal $260,000 $405,000 $405,000
PHASE 2 TOTAL BUDGET $3,385,000 $2,988,000 $915,000 $3,903,000
* EDA 2015 budget line items have been adjusted to compare to the 2016 budget presentation, as noted below.
Note 1: Payroll expenses were included in General Administrative costs in the 2015 budget
Note 2: Transportation/Transit Subsidy - New 2016 budget line item
Note 3: Reimbursements - New 2016 budget line item
Note 4: Room Rental Costs were in Meeting Expenses costs in the 2015 budget
Note 5: Formerly titled " Website, Drafting and Graphics Support" in 2015 budget, plus $35,000 added by the DMCC Board under "Outreach, Print & Collateral"
Note 6: Miscellaneous Costs includes ancillary costs associated with meetings and room rentals
Note 7: Website Advanced Design - New 2016 budget line item
Note 8: Formerly titled " Public Relations & Communications" in 2015 budget
**In addition to the $585,000 included here to be expended by Mayo Clinic for direct EDA costs and services, Mayo also intends to expend approximately $330,000 (in salary and benefits) for two Mayo employees to provide direct coordination with EDA
Miscellaneous Costs
EDA Staff Costs
EDA Operational Costs
Economic Development Outreach & Support
Professional Services
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
1
BACKGROUND / STATUTORY FRAMEWORK
• In 2016, the Destination Medical Center (“DMC”) initiative will be firmly rooted in the implementation phase of
work.
• The work to be undertaken is just as envisioned by lawmakers and the executive branch in 2013, and even more
tangible and important today with the backing of a strong Development Plan, which was created with a compelling
vision that harnesses the energy and creativity of the entire community.
• The Development Plan and annual Workplans will guide the State’s most important public-private development
initiative – one designed with the potential to leverage significant private investment and generate $7.5 billion to
$8 billion in tax revenues and 35,000 to 45,000 new jobs with proper execution of these plans.
DMC EDA PURPOSE
The DMC Economic Development Agency (“DMC EDA”) is the entity responsible for “developing and marketing” the DMC
initiative on behalf of the Destination Medical Center Corporation (“DMCC”) and the City, consistent with the DMC Mission.
• The specific responsibilities of the DMC EDA are enumerated under the Minnesota, Chapter 143, Article 10, as
amended (the “DMC Law”).
• Additional, consistent responsibilities are outlined in the contract between the DMCC and the DMC EDA.
• The DMC EDA’s Goals and related work will be based upon strategic priorities and desired outcomes and will be
informed and driven by the DMC Development Plan and annual Workplans, as well as topic-specific strategic
implementation plans.
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
2
SUMMARY OF PRIMARY OUTCOMES
2016 KEY DELIVERABLES & TASKS
Realize the economic development potential of DMC, generate market demand, and continue to build local to
international support
Organize a "DMC DAY" event in Rochester that invites potential private and public partners to
participate in a detailed tutorial on how DMC connects to Mayo's business strategy.
LEAD
Evolve DMC brand identity and create marketing/collateral materials highlighting Heart of City and
Discovery Square. LEAD
Develop a master list of over 250 industry and thought leaders and stakeholders (local to national)
that will be provided a DMC update letter at least twice in 2016. Smaller groups may be identified
for personal outreach or briefings.
LEAD
Expand news media outreach and DMC story development by targeting at least 12 MN State media
outlets and 10 high-value national media outlets (working in coordination with Mayo public affairs)
for briefings and to offer ideas for possible DMC stories.
LEAD
Develop not less than 5 short- and long-term strategies for leveraging existing stakeholder
relationships and meeting each of the business/economic development goals of Development Plan
(i.e., ignite Bio-Med-Tech economy through Discovery Square, catalyze growth in the Heart of the
City, diversify business base in the Development District, foster entrepreneurial enterprise and
innovation, and facilitate a regional economy).
LEAD
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
3
Enter Phase 2 (advanced) redesign of DMC/DMC EDA Web Site to provide additional functionality
for project developers to track DMC funding process and development progress in Heart of City
and Discovery Square.
LEAD
Track private investment into DMC that counts towards the $200 million threshold that triggers the
General State Infrastructure Aid (“GSIA”). LEAD, PARTICIPATE
Meet monthly with leaders in the six policy areas of focus: (1) energy/sustainability, (2) healthy
communities, (3) historic preservation, (4) affordable housing, (5) targeted businesses, and (6) arts
and culture, as well as community services to identify a “Quality of Life” scorecard. Public
participation will be encouraged at various times throughout these discussions.
PARTICIPATE
Facilitate/assist with programming and placemaking related to public spaces. PARTICIPATE
Develop a strategy to engage stakeholders and facilitate discussions to position Rochester as the
healthiest city in America. PARTICIPATE
Continue to foster, promote and support community voices that are, or will be users, of the
downtown area (students, millennials, baby boomers, etc.) PARTICIPATE
Meet with IBM to identify technology-based opportunities for priority area in DMC; present related
strategic implementation plan by 3rd quarter of 2016. PARTICIPATE
Identify and recruit high priority partners for “Discovery Square”
Launch DMC Discovery Square initiative at 2016 International BioConference, June 6th through 9th. LEAD
Identify/participate in 2 to 3 other statewide/national/international conferences and events to gain
exposure among key leaders in support of Discovery Square. LEAD
Work with Mayo Clinic to identify a Developer for Discovery Square by 2nd quarter of 2016. PARTICIPATE
Meet at least quarterly with key organizations to align shared vision for Discovery Square (e.g.,
BioAM, RAEDI, Rochester Community & Technical College, University of MN, Rochester Public
School System, Rochester Downtown Alliance, Rochester Convention & Visitors Bureau, etc.).
PARTICIPATE
Meet not less than monthly with Mayo Clinic to complete Discovery Square feasibility study and
project plan by February 1st, 2016. PARTICIPATE
Meet monthly with Mayo Clinic/Mayo Ventures to begin recruitment of top 10 Bio-Med-Tech
partners for Discovery Square in 2nd – 4th quarters of 2016. PARTICIPATE
Facilitate desired private sector investment and public amenities/space development/programming in
“Heart of the City”
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
4
Identify and engage 5 to 6 potential hospitality industry partners for Heart of City development,
including a five-star hotel. LEAD
Identify/participate in 2 to 3 statewide/national/international conferences and events in
Retail/Dining/Entertainment/Experience industry (e.g., RECon Global Retail Real Estate Convention,
International Downtown Association).
LEAD
Create workforce strategies targeted to Bio-Med-Tech, Construction, and Hospitality industries. LEAD, PARTICIPATE
Meet not less than quarterly with key organizations to align shared vision on patients’, visitors’ and
residents’ overall experience in Heart of the City. (e.g., Mayo Clinic Concierge, Office of Patient
Experience, Hospitality First, RCVB, RDA, Chamber of Commerce, Historic Preservation, RAEDI, City
Parks and Recreation).
LEAD, PARTICIPATE
Work with the City of Rochester and Mayo Clinic to finalize Phase 1 priorities for desired public and
private developments in downtown Rochester. PARTICIPATE
Support City of Rochester’s Transportation and Infrastructure planning initiatives
Add Web Site information to highlight future transportation options/alternatives. LEAD
Utilize Mayo patient and employee research/resources to establish 5 key short- and long-term
goals for Transportation initiatives. PARTICIPATE
Assist City of Rochester and Olmsted County with Preliminary Engineering Studies/Concept Designs
for Development Plan Phase 1 projects. PARTICIPATE
Help align transportation/infrastructure needs to anticipated Mayo growth and other private
investments (Mayo strategic transportation recommendations by 4th quarter of 2016). PARTICIPATE
Engage contiguous community neighborhoods on transportation and transit initiatives (e.g.,
Rneighbors, Mayor’s Neighborhood Council, Kutzky Park, Slatterly Park, East Side, Sunny Side,
Historic SW, Northrup).
PARTICIPATE
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
A
APPENDIX A
PROPOSED 2016 BUDGET
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
B
APPENDIX B
COMPREHENSIVE 2016 WORKPLAN
SPECIFIC BUSINESS & ECONOMIC DEVELOPMENT DELIVERABLES / TASKS
• Business Development & Relations
o Implement Adopted Strategies of Development Plan and Detailed Business Development Strategic
Implementation Plan
o Provide Metrics Reporting to Measure Goals and Objectives of the Development Plan
o Provide Grant Writing Assistance (State, Federal, Local), Tax Credit Application Assistance and Other
Funding Sources for Priority Projects
o Provide Site Location and Demographic Information to Potential Private Project Sponsors and Economic
Development Partners
o Develop Recruitment and Retention Strategies to Address Work Force Development Needs in Targeted
Business Sectors
o Provide Environmental, Infrastructure and Utility Information to Private Sponsors
• Economic Development
o Facilitate Catalytic Development Planning Efforts with Mayo, City, Other Stakeholders
o Facilitate the Execution of Feasibility Studies and Project Plans by Other Private Partners for Priority
Development Areas
o Coordinate with City of Rochester on Integration of the Development Plan with the City Comprehensive
Plan, Ordinances, Policies
o Coordinate with City of Rochester on Citywide Initiatives, Including Policy Initiatives such as Energy and
Sustainability, Healthy Communities, Historic Preservation, Affordable Housing, W/MBE, and Arts and
Culture
o Monitor Private Development in the Development District and Forecast Private Expenditures
o Assist in Identifying and Evaluating Partnerships for Investment (Including Start-Ups, Business Incubators,
Established Companies)
o Assist in Identifying and Evaluating Sponsorship Opportunities and Facilitate Further Public-Private
Partnerships
• Planning & Infrastructure
o Work with City of Rochester and Olmsted County to Manage Preliminary Engineering Studies/Concept
Designs for Development Plan Phase 1 Transportation and Infrastructure Plans
o Work with City of Rochester and Olmsted County to Establish Transit Management Authority
o Coordinate Master Signage/Wayfinding Plan with the City
o Coordinate with the City of Rochester and other Stakeholders on Infrastructure Planning for Priority
SPECIFIC OUTREACH / ENGAGEMENT, COMMUNICATIONS & PUBLIC RELATIONS DELIVERABLES / TASKS
• Business Development Outreach
o Coordinate Messaging and Materials in Support of Strategic Priorities Identified in the DMC Development
Plan and by the DMCC Board
o Select a Marketing Consultant to Develop a Business Development Strategic Implementation Plan that will
Attract Business and Foster Economic Development in the DMC District
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
B-2
o Oversee Preparation and Implementation of Business Development Strategic Plan
o Implement Brand Use Guidelines, Protocols
o Manage Marketing and Communications Consultants to the DMC EDA and DMCC
o Provide Metrics to Measure Goals and Objectives
o Coordinate Attendance, Visibility and Sponsorship for Key Conferences, Activities (Local, Regional,
National, International)
o Facilitate Promotional and Sponsorship Initiatives
o Manage and Coordinate Ongoing Meetings and Opportunities for the Public to Gather to Inform and
Consult (e.g., World Café, Public Forums, Social Media, Open Houses, etc.)
• Communications & Collateral Material(s)
o Develop and Implement Outreach Strategy
o Oversee All Communication Vehicles: Collateral, Social Media Platforms, Blog, DMC Website Content,
Newsletter, External Communications
o Coordinate Communications Initiatives with Stakeholders: EDA, Mayo, City, County, and State
• Community Outreach / Engagement
o Implement Community Relations Strategic Implementation Plan
• Develop Additional, Specific Strategies for Cooperation with Local, Regional and National
Partners Based Upon Private Project Development
o Continue to Foster Connections to Related Programs and Services with Mayo Clinic, RCVB, Chamber,
RAEDI, RDA and Other Community Organizations
o Provide Metrics Reporting to Measure Goals and Objectives
o Manage and Respond to Community Requests and Inquiries
SPECIFIC OPERATIONS DELIVERABLES / TASKS
• Management
o Prepare Monthly and Annual DMC EDA/DMCC Reports
o Manage Other Operational Responsibilities of the DMC EDA as Required by the DMC Law
o Prepare/Manage the DMC EDA Operational Workplan for Phase 3 (2017 and beyond)
o Manage and Oversee Subconsultants, Contracts
• Coordination
o Interface with Mayo Clinic, Other Stakeholders
o Coordinate Scheduling and Materials for DMC EDA/DMCC Board Meetings and Community Events
o Coordinate Communications with Project Sponsors and Economic Development Partners
• Reporting & Monitoring
o Monitor DMC Development District Project Development
o Track and Report on Economic and Fiscal Impacts Occurring in the DMC Development District
o Monitor Land Sales, Property Inventory and Parcel Acquisitions in the DMC District
o Track and Report Workforce Development Achievements
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.12.2015
B-3
SPECIFIC FINANCE DELIVERABLES / TASKS
• Project Funding
o Prepare DMC Funding Evaluation Reports, including:
• Review of Minimum Eligibility Requirements
• Review of all Financial and Economic Modeling Submitted in Funding Applications
• Validation of Construction Funding Gap Analysis
• Conduct or Review Financial Feasibility Analysis , including Operating Pro Forma
• Conduct or Review Fiscal and Economic Impact Analysis
o Coordinate with City and County on Transportation Funding
o Monitor, Facilitate Opportunities for Other Project Funding Sources
• Compliance
o Monitor Covenants of DMC Fund Loans/Grants
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DRAFT 8.07.2015
1
WORKING DEFINITIONS
LEAD: high priority area, DMC must lead
PARTICIPATE: high significance area, DMC commits money and/or staff, others lead
ENDORSE: significant area, DMC lends name but does not commit money or staff
MONITOR: immaterial area, DMC is not actively involved, observe/check in on projects/events noting
changes/progress
8/21/2015
DMC 2015/2016 CIP Costs Initial Cash Source
2015 Funding Summary
Project Cost Sources DMC Sales Tax County Transit Tax Mayo TIF PE Sewer U Storm U Water U Grant/other
Heart of the City RFP Prep.$10,000 DMC $10,000
Chateau Theatre $6,055,000 City/Mayo/DMC Credit $5,555,000 $500,000
Discovery Square Feasibility $1,500,000 Mayo Clinic $1,500,000
Green Stromwater Plan $555,000 Grant 300k/City/DMC $255,000 $300,000
Transit/Trans/Infra Mgmnt.$200,000 County Tax 50%/Utility/MSA/DMC $100,000 $25,000 $25,000 $25,000 $25,000
TOTAL $8,320,000 $5,665,000 $0 $2,000,000 $0 $25,000 $25,000 $280,000 $25,000 $300,000
2016 Funding Summary
Project Cost Sources DMC Sales Tax County Transit Tax Mayo TIF PE Sewer U Storm U Water U Grant/other
3rd St. SW Reconstruct/Design $150,000 Assessments/TIF/DMC $150,000
Broadway @ Center Devel.$3,935,000 TIF/DMC $3,935,000
SS1 12th Ave. Sewer Capacity $200,000 Utility/Mayo/DMC $200,000
SS2 Cooke Park Sewer Capacity $200,000 Utility/Mayo/DMC $200,000
Broadway @ Center Ramp $10,500,000 PE/TIF/DMC $10,500,000
Shared Parking Study $200,000 PE/DMC $200,000
City Loop Plan $200,000 City/DMC $200,000
Transit/Transp/Infa Mgmnt $400,000 County Tax 50%/Utility/MSA/DMC $200,000 $100,000 $25,000 $25,000 $25,000 $25,000
Transit Circulator Study $1,314,000 County Transit Tax $1,314,000
TOTAL $17,099,000 $400,000 $1,414,000 $0 $4,085,000 $10,725,000 $425,000 $25,000 $25,000 $0
PE=Parking Enterprise Fund
Sewer U=Sewer Utility Fund
Storm U=Storm Water Utility Fund
Water U=Water Utility Fund
TIF=Tax Increment Financing
ROCHESTER INTERNATIONAL AIRPORT
DMCC Board Meeting
August 27, 2015
Rochester Airport History
•1903 – Wright Brothers achieved first airplane flight.
•1928 – Mayo Brothers realized airplanes would replace trains as the
most common method of transportation to Rochester for patients.
Rochester Airport Company founded as subsidiary of Mayo Clinic to
own and operate the Airport.
Airport History
•1929 – “Rochester Airport" opened, located in SE
Rochester just east of the County fairgrounds.
•1945 – Mayo deeded the land and buildings to the City of
Rochester in order for the Airport to receive Federal
funds. Rochester Airport Company continued to operate
the Airport.
•1961 – Dedication of the new Rochester Airport at its current location.
•1995 – U.S. Customs opened, allowing the airport to accept international flights and the name of the airport was changed to “Rochester International Airport”.
Rochester Airport Company, a wholly-owned subsidiary of Mayo Clinic, continues to operate the airport under an agreement with the City of Rochester to this day.
Airport History (Cont’d)
RST – Today
The Vision
•Rochester International Airport is the comprehensive,
multimodal transportation choice for southeastern MN,
and the border regions of WI and IA
RST Core Values
•Customer FiRST
•Agility & Accountability
•Responsive
•Empowered
•Safety & Security
RST Strategic Plan
•Operating budget $3.4 million
•18 FTE
•2,300 acres
•8 Daily Commercial Flights
•2014 - 237,548 passengers
•Up 6% from 2013
•2014 - 25 million lbs. cargo
•Up 25% from 2013
•Economic Impact
•2,911 jobs
•$73.3 million in annual payroll
•$161.5 million annual output
RST by the Numbers
•Nonstop Atlanta Service began Sept
2014
•Load Factors: June 89% July 83%
•Yield continues to strengthen
•13% of commercial passengers are
International - results in High Yield for
Air Carriers
•RST ranked #20 in world on Fared
Average Fare for International
Passengers
Current Commercial Air Service
Airport Projects
Current and Upcoming
Jet Bridge Project – 2015 $3 Million Total
•US Customs facility moves from current location at Signature Flight
Support into upper-level gate area in Main Terminal.
•Allows for Jet Bridge access to building for large international
aircraft.
•Project necessary to meet updated requirements for US Customs at
RST.
US Customs Update /
Main Terminal Modification – Fall 2016
Air Service Recruitment
Importance of Choosing to Fly Local
Access to Large Hubs more imperative than ever
•Fewer Airlines = Stability for Airlines, less options for communities
•Competition for Air Service between communities is intense
•Future is in larger aircraft
•International demand is VITAL for network carriers
•Regions MUST collaborate and focus efforts to maintain and grow
service
•Air Service retention and recruitment is COMMUNITY DRIVEN
•Support of current service is essential for growth
•Business commitment to use Air Service is paramount
How Do We Grow?
Massive Growth Potential
Centerstone Plaza Hotel
City of Rochester
Clements Chevrolet Cadillac
Grafe Auction
Grand Rounds Brew Pub
Kahler Hospitality Group
Post-Bulletin Co.
Powers Ventures
Rochester Amateur Sports Commission
Rochester Area Chamber of Commerce
Rochester Area Economic Development,
Inc.
Rochester Convention & Visitors Bureau
Rochester Downtown Alliance
Smith Schafer & Associates
Titan Development
Twigs Tavern & Grille
Thank you to our Fly Local Supporters!
•New Major Hub connections
•Increased frequency of current routes
•Larger aircraft with more cabin options/amenities
•Easier access to our region for inbound travelers
Positive Impact on Economic Development of
entire region!
The commitment to Fly Local brings…
Thank You
Hammes Company JULY
2015
TABLE OF CONTENTS
1.0 Executive Summary
2.0 Master Project Budget
3.0 Budget Allocation Report
4 .0 Cost Report
5 .0 Contract Summary Report
6 .0 Master Application for Payment
7.0 2014 Budget
8 .0 Other Information
Major Tasks / Next 60 Days
The following provides an outline of the anticipated tasks to be
completed in the next 60 days.
• The DMC EDA will complete the website redesign.
• All DMC EDA staff will be in place in September 2015.
• The DMC EDA will support the City/County on transportation
planning issues and engagement of a consultant.
• The DMC EDA will be gathering and preparing resource
materials to develop a packet that will be available to the
various development interests.
• The DMC EDA will continue to work with the City to develop
the Evaluation Report for DMC project funding.
• The DMC EDA will continue to focus communications on
elevating awareness through outreach across the state and
nationally building support for the DMCJULY 2015
Major Accomplishments /
Last 30 Days
The following provides an outline of the tasks completed in the last
30 days.
• Completed the draft project application form and the approval
process with the City.
• The DMC EDA began implementation of the website redesign.
• The DMC EDA hired staff to fill posted DMC EDA staff positions.
• There were 102 media stories this month on the DMC
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JULY 31, 2015
Monthly Progress Report MASTER BUDGET: $2,800,000.00
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93.75%
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JULY, 2015
This report provides a summary of the activities undertaken by the Destination Medical Center Economic
Development Agency (DMC EDA) for the period stated above.
2015 WORK PLAN IMPLEMENTATION
DEVELOPMENT
• The DMC EDA is building the tools and processes that are necessary to successfully transition into the
implementation phase of the DMC initiative.
• The DMC EDA is coordinating with the City to track DMC Development District potential project activity
and updates.
• Reviewed and refined the DMC EDA’s Workplan for 2016, which is focused on DMC Corporation Board-
identified priorities: Heart of the City, Discovery Square and Transportation initiatives.
FINANCE
• The DMC EDA has received its 501(c)(3) tax-exempt status and will be proceeding with related IRS tax
returns.
• The DMC EDA is well positioned to move forward with financial and accounting functions for 2015.
• The DMC EDA is working to finalize the workplan and budget for 2016.
• The completion and closeout of the DMC EDA Development Plan budget is ongoing, with the last of the
remaining invoices being processed. The reports are included in this July Monthly Report.
BUSINESS / ECONOMIC DEVELOPMENT
• The DMC EDA is conducting market research of the best practices of comparable economic development
agencies in the U.S., and related information will be shared with the DMC Corporation Board.
• Strategic planning is underway for business development and marketing outreach efforts; the DMC EDA
contemplates a more fulsome effort to evolve the DMC brand identity and create marketing/collateral
materials highlighting Heart of City and Discovery Square.
• Work Groups are continuing to participate in meetings to coordinate and advance the DMC Mission,
Vision and Objectives set forth in the Development Plan. Specifically, the DMC EDA has completed a
flow chart of the process for DMC funding for private interests, in which the DMC EDA and City will work
cooperatively to meet the needs of private development interests and create a seamless process for
DMC funding and City land use/ permitting processes.
• The DMC EDA has prepared a template of its project recommendation and full evaluation report form
for private development projects.
• The DMC EDA is working to finalize a packet of resources and materials that will be available to private
development interests to explain the DMC Vision and DMC funding program.
EDA OPERATIONS
• The DMC EDA has added a new Director of Finance staff position.
• The Director of Economic Development and Community Relations Director positions will be finalized
soon.
• The DMC EDA made progress on operational processes and procedures.
• The DMC EDA will be moving into its permanent offices in the fall of 2015.
COMMUNICATIONS AND PUBLIC RELATIONS
• For July, Communications focused on supporting DMC EDA/DMCC’s transition from the planning
to implementation phase, along with finalizing the regional outreach to businesses and outstate
communities, and continued media strategy.
• Media results - 102 media stories in the last month.
• Topics included: Diversity goals, legislative activity, development, the arts, and Discovery Square.
• Social Media Results
• Weekly Facebook Total Post Reach: 4,805
• Twitter Followers: 2,252; Impressions: 66,400
COMMUNITY ENGAGEMENT
• The DMC EDA continues to coordinate meetings to continue to stay informed and maintain relationships:
community leaders, Community Engagement Committee, Social Service coalition, Rochester Arts and
Culture Collaborative
• The DMC EDA, and DMC speakers bureau conducted 20 outreach presentations with DMC ambassadors,
brown bag lunches, etc., to inform and set expectations of “what is next” for DMC.
• DMC EDA attend/partner with local and regional initiatives e.g. Southern MN Initiatives Foundation, J2G
(Journey to Growth), Hospitality First.
00.96%
50.63%
* This summary represents the approximately $2.8 M portion of the budget and/or expenses
that are managed and reported by the EDA. The balance of funding is DMCC and City of
Rochester funding and managed outside of the EDA budget.
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SOURCES OF FUNDS: Current Application
City Contribution $2,800,000
____________
TOTAL SOURCES $2,800,000
USES OF FUNDS: Current Application
Architecture $1,300
Marketing & PR $131,094
Development Services $962,000
Legal Services $46,877
Other Development Costs $16,591
TOTAL WORK IN PLACE $1,157,863
BALANCE TO COMPLETE $1,642,137
COMMITTED COSTS $2,348,176
UNCOMMITTED COSTS $451,824
TOTAL USES OF FUNDS $2,800,000
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MASTER PROJECT BUDGET
41.35% DRAWN 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000
ARCHITECTURE $ 135,000
$ 1,300
MARKETING & PR $ 318,000
$ 131,094
DEVELOPMENT SERVICES $ 1,900,000
$962,000
LEGAL SERVICES $ 50,000
$46,877
OTHER DEVELOPMENT COSTS $ 397,000
$ 16,592
COMMITTED COSTS
ACTUAL EXPENDITURES TO DATE
TOTAL EXPENDITURES TO DATE: $1,157,863
Hammes Company JULY
2015
The following Master Project Budget is included herein as
Section 2.0.
Report 4001A
8/7/2015 - 3:41 PM
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
SOURCES AND USES REPORT #2 July 31, 2015
SOURCES OF FUNDS USES OF FUNDS
00-30-005 City Contribution 2,800,000.00$ 40-00-000 Development Costs 2,800,000.00$
90-00-000 Project Contingency -$
TOTAL SOURCES OF FUNDS 2,800,000.00$ TOTAL USES OF FUNDS 2,800,000.00$
Report 4001B
8/7/2015 - 3:42 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
MASTER PROJECT BUDGET #2 July 31, 2015
Division Description Final Projected
Cost Notes
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $135,000.00
40-25-000 Marketing & Public Relations $318,000.00
40-30-000 Development Services $1,900,000.00
40-35-000 Legal Services $50,000.00
40-90-000 Other Development Costs $397,000.00
Subtotal $2,800,000.00
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00
Subtotal $0.00
PROJECT TOTAL $2,800,000.00
Report 4001B
8/7/2015 - 3:42 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
DETAIL MASTER PROJECT BUDGET #2 July 31, 2015
Division Description Final Projected
Cost - Detail
Final Projected
Cost Notes
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $135,000.00
40-05-300 Planning Services, Architecture, Engineering $135,000.00
40-25-000 Marketing & Public Relations $318,000.00
40-25-300 Communications, Marketing & PR $108,000.00
40-25-310 Public Relations & Communications $210,000.00
40-30-000 Development Services $1,900,000.00
40-30-300 Development Services $1,860,000.00
40-30-310 Financial, Accounting & Investment Services $40,000.00
40-35-000 Legal Services $50,000.00
40-35-300 Legal Services $50,000.00
40-90-000 Other Development Costs $397,000.00
40-90-115 Payroll, Staff, Administration & Benefits-EDA $218,000.00
40-90-120 General Expenses-EDA $79,000.00
40-90-300 Reimbursable Expenses $100,000.00
Subtotal $2,800,000.00
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00
Subtotal $0.00
PROJECT TOTAL $2,800,000.00
Hammes Company JULY
2015
The following Budget Allocation Report is included herein as
Section 3 .0 .
Report 4004
8/7/2015 - 3:43 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
BUDGET ALLOCATION REPORT #2
Revision
No
Revision
Date Division Division
Description
Revision
Description
Revision
Amount
Revision
To
Revision
Method
Requested
By
Entered
By
BEGINNING CONTINGENCY BALANCE $0.00
ENDING CONTINGENCY BALANCE $0.00
July 31, 2015
Final Projected Cost
Hammes Company JULY
2015
The following Cost Report is included herein as Section 4 .0 .
Report 4002
8/7/2015 - 3:44 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
COST REPORT #2
Variance
Division Description
Master Project
Budget
A
Original
Contract
Amount
B
Contract
Revisions
C
Committed
Costs
B+C
Committed Direct
Owner Purchases
D
Un-Committed
Costs
E
Final Projected
Cost
B+C+D+E
Over/(Under)
Budget
(B+C+D+E)-A
Total Work
In Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $135,000.00 $13,390.47 $0.00 $13,390.47 $0.00 $121,609.53 $135,000.00 $0.00 $1,299.57 0.96%
40-25-000 Marketing & Public Relations $318,000.00 $386,516.20 $0.00 $386,516.20 $0.00 ($68,516.20)$318,000.00 $0.00 $131,093.70 41.22%
40-30-000 Development Services $1,900,000.00 $1,862,000.00 $0.00 $1,862,000.00 $0.00 $38,000.00 $1,900,000.00 $0.00 $962,000.00 50.63%
40-35-000 Legal Services $50,000.00 $46,329.33 $548.00 $46,877.33 $0.00 $3,122.67 $50,000.00 $0.00 $46,877.33 93.75%
40-90-000 Other Development Costs $397,000.00 $39,166.97 $225.00 $39,391.97 $0.00 $357,608.03 $397,000.00 $0.00 $16,591.97 4.18%
Subtotal $2,800,000.00 $2,347,402.97 $773.00 $2,348,175.97 $0.00 $451,824.03 $2,800,000.00 $0.00 $1,157,862.57 41.35%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $2,800,000.00 $2,347,402.97 $773.00 $2,348,175.97 $0.00 $451,824.03 $2,800,000.00 $0.00 $1,157,862.57 41.35%
Work in PlaceSchedule of Values
July 31, 2015
Report 4002
8/7/2015 - 3:43 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
DETAIL COST REPORT #2
Variance
Division Description
Master Project
Budget
A
Original
Contract
Amount
B
Contract
Revisions
C
Committed
Costs
B+C
Committed Direct
Owner Purchases
D
Un-Committed
Costs
E
Final Projected
Cost
B+C+D+E
Over/(Under)
Budget
(B+C+D+E)-A
Total Work
In Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $135,000.00 $13,390.47 $0.00 $13,390.47 $0.00 $121,609.53 $135,000.00 $0.00 $1,299.57 0.96%
40-05-300 Planning Services, Architecture, Engineering $135,000.00 $13,390.47 $0.00 $13,390.47 $0.00 $121,609.53 $135,000.00 $0.00 $1,299.57 0.96%
40-25-000 Marketing & Public Relations $318,000.00 $386,516.20 $0.00 $386,516.20 $0.00 ($68,516.20)$318,000.00 $0.00 $131,093.70 41.22%
40-25-300 Communications, Marketing & PR $108,000.00 $273,225.00 $0.00 $273,225.00 $0.00 ($165,225.00)$108,000.00 $0.00 $116,012.50 107.42%
40-25-310 Public Relations & Communications $210,000.00 $113,291.20 $0.00 $113,291.20 $0.00 $96,708.80 $210,000.00 $0.00 $15,081.20 7.18%
40-30-000 Development Services $1,900,000.00 $1,862,000.00 $0.00 $1,862,000.00 $0.00 $38,000.00 $1,900,000.00 $0.00 $962,000.00 50.63%
40-30-300 Development Services $1,860,000.00 $1,860,000.00 $0.00 $1,860,000.00 $0.00 $0.00 $1,860,000.00 $0.00 $960,000.00 51.61%
40-30-310 Financial, Accounting & Investment Services $40,000.00 $2,000.00 $0.00 $2,000.00 $0.00 $38,000.00 $40,000.00 $0.00 $2,000.00 5.00%
40-35-000 Legal Services $50,000.00 $46,329.33 $548.00 $46,877.33 $0.00 $3,122.67 $50,000.00 $0.00 $46,877.33 93.75%
40-35-300 Legal Services $50,000.00 $46,329.33 $548.00 $46,877.33 $0.00 $3,122.67 $50,000.00 $0.00 $46,877.33 93.75%
40-90-000 Other Development Costs $397,000.00 $39,166.97 $225.00 $39,391.97 $0.00 $357,608.03 $397,000.00 $0.00 $16,591.97 4.18%
40-90-115 Payroll, Staff, Administration & Benefits-EDA $218,000.00 $0.00 $0.00 $0.00 $0.00 $218,000.00 $218,000.00 $0.00 $0.00 0.00%
40-90-120 General Expenses-EDA $79,000.00 $1,166.97 $225.00 $1,391.97 $0.00 $77,608.03 $79,000.00 $0.00 $1,391.97 1.76%
40-90-300 Reimbursable Expenses $100,000.00 $38,000.00 $0.00 $38,000.00 $0.00 $62,000.00 $100,000.00 $0.00 $15,200.00 15.20%
Subtotal $2,800,000.00 $2,347,402.97 $773.00 $2,348,175.97 $0.00 $451,824.03 $2,800,000.00 $0.00 $1,157,862.57 41.35%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $2,800,000.00 $2,347,402.97 $773.00 $2,348,175.97 $0.00 $451,824.03 $2,800,000.00 $0.00 $1,157,862.57 41.35%
Work in PlaceSchedule of Values
July 31, 2015
Hammes Company JULY
2015
The following Contract Summary Report is included herein as
Section 5 .0 .
Report 4003
8/7/2015 - 3:44 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY (2015)
CONTRACT SUMMARY REPORT #2
Division Description
Co
n
t
r
a
c
t
Vendor Name Contract
Number
Original
Contract
Amount
Contract
Revisions
Committed
Costs
Direct
Owner
Purchases
Work in
Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $13,390.47 $0.00 $13,390.47 $0.00 $1,299.57 9.71%
40-05-300 Planning Services, Architecture, Engineering X CARROLL, FRANCK & ASSOCIATES 4020 $13,390.47 $0.00 $13,390.47 $0.00 $1,299.57 9.71%
40-25-000 Marketing & Public Relations $386,516.20 $0.00 $386,516.20 $0.00 $131,093.70 33.92%
40-25-300 Communications, Marketing & PR X HIMLE RAPP & CO., INC.4017 $255,000.00 $0.00 $255,000.00 $0.00 $115,000.00 45.10%
40-25-300 Communications, Marketing & PR X GINA MARIA CHIRI-OSMOND 4027 $18,225.00 $0.00 $18,225.00 $0.00 $1,012.50 5.56%
40-25-310 Public Relations & Communications X BRANDHOOT 4016 $41,051.20 $0.00 $41,051.20 $0.00 $7,171.20 17.47%
40-25-310 Public Relations & Communications X SAM SMITH 4030 $72,240.00 $0.00 $72,240.00 $0.00 $7,910.00 10.95%
40-30-000 Development Services $1,862,000.00 $0.00 $1,862,000.00 $0.00 $962,000.00 51.66%
40-30-300 Development Services X HAMMES COMPANY SPORTS DEVEL.DMA $1,860,000.00 $0.00 $1,860,000.00 $0.00 $960,000.00 51.61%
40-30-310 Financial, Accounting & Investment Services X CLIFTONLARSONALLEN LLP 4041 $2,000.00 $0.00 $2,000.00 $0.00 $2,000.00 100.00%
40-35-000 Legal Services $46,329.33 $548.00 $46,877.33 $0.00 $46,877.33 100.00%
40-35-300 Legal Services X DORSEY & WHITNEY LLP 4015 $43,049.83 $0.00 $43,049.83 $0.00 $43,049.83 100.00%
40-35-300 Legal Services X MICHAEL BEST & FRIEDRICH LLP 4021 $3,279.50 $548.00 $3,827.50 $0.00 $3,827.50 100.00%
40-90-000 Other Development Costs $39,166.97 $225.00 $39,391.97 $0.00 $16,591.97 42.12%
40-90-120 General Expenses-EDA X CWS, INC.4033 $900.00 $225.00 $1,125.00 $0.00 $1,125.00 100.00%
40-90-120 General Expenses-EDA X DELUXE BUSINESS PRODUCTS 4042 $266.97 $0.00 $266.97 $0.00 $266.97 100.00%
40-90-300 Reimbursable Expenses X HAMMES COMPANY SPORTS DEVEL.DMA $38,000.00 $0.00 $38,000.00 $0.00 $15,200.00 40.00%
Subtotal $2,347,402.97 $773.00 $2,348,175.97 $0.00 $1,157,862.57 49.31%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $2,347,402.97 $773.00 $2,348,175.97 $0.00 $1,157,862.57 49.31%
July 31, 2015
Status
Hammes Company JULY
2015
The following Master Application for Payment is included herein as
Section 6 .0 .
MASTER APPLICATION FOR PAYMENT
MAP for undisputed labor, services, or materials
Page 1 of 1
MASTER APPLICATION FOR PAYMENT (Form 4020)
From:HAMMES COMPANY Application No.:2 Please Remit To:
Application Date:July 1, 2015
Hammes Project No:40050-06
To:DMC Economic Development Authority Period From:June 1, 2015
200 First Street SW Period To:June 30, 2015
Rochester, MN 55905 Project Name:DMC
Attention:Executive Director Economic Development Agency (2015)
PROJECT MANAGER:STATEMENT OF PROJECT:
ORIGINAL MASTER PROJECT BUDGET . . . . . . . . . . . . . . . . . . $
CURRENT MASTER PROJECT BUDGET . . . . . . . . . . . . . . . . . . $
Signed By:
Hammes Company Sports Development, Inc.
Date:July 1, 2015 TOTAL COMPLETED & STORED TO DATE . . . . . . . . . . . . . . . . $
Name:Robert P. Dunn RETAINAGE TO DATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
TOTAL COMPLETED LESS RETAINAGE . . . . . . . . . . . . . . . . . . $
SOURCES OF FUNDS:
City Contribution LESS PREVIOUS REQUESTS . . . . . . . . . . . . . . . . . . . . . . . . . . . $
CURRENT AMOUNT DUE (A + B) . . . . . . . . . . . . . . . . . . . . . . . . $
CURRENT PAYMENTS DUE (A) . . . . . . . . . . . . . . . . . . . . . . . . .$
CURRENT SOURCES OF FUNDS DIRECT OWNER PURCHASES DUE (B) . . . . . . . . . . . . . . . . . . $
USES OF FUNDS:APPROVALS:
40 - Development Costs
50 - Financing Costs
60 - Other Project Costs
90 - Project Contingency
EDA:Date
DMCC: Date
CURRENT USES OF FUNDS
296,696.59$
Current Application
-$
-$
296,696.59$
Acct Name:
Acct No:
Bank:
Notify:
2,800,000.00
2,800,000.00
1,157,862.57
-
1,157,862.57
Submitted in accordance with the Contract Documents for approval by the
EDA.
861,165.98
Current Application
296,696.59$
-
296,696.59
296,696.59
-$
296,696.59$
MAP for undisputed labor, services, or materials
Page 1 of 1
DETAIL SOURCES AND USES REPORT #2
Division Description Final Projected
Cost
Previous
Billings
Current
Billing
Total
Billed To Date
Balance to
Complete
SOURCES OF FUNDS
00-30-005 City Contribution $2,800,000.00 $861,165.98 $296,696.59 $1,157,862.57 $1,642,137.43
Total Sources of Funds $2,800,000.00 $861,165.98 $296,696.59 $1,157,862.57 $1,642,137.43
USES OF FUNDS
40-00-000 Development Costs $2,800,000.00 $861,165.98 $296,696.59 $1,157,862.57 $1,642,137.43
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00
Total Uses of Funds $2,800,000.00 $861,165.98 $296,696.59 $1,157,862.57 $1,642,137.43
July 1, 2015
MAP for undisputed labor, services, or materials
Page 1 of 1
DESTINATION MEDICAL CENTERECONOMIC DEVELOPMENT AUTHORITY (2015)
Division Description Vendor Contract
No
Previous
Billing
Current
Work In Place
Direct Owner
Purchase
Total
Work to Date
Percent
Complete
Previous
Retainage
Current
Retainage
Total
Retainage
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $1,299.57 $0.00 $0.00 $1,299.57 9.71%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering CARROLL, FRANCK & ASSOCIATES 4020 $1,299.57 $0.00 $0.00 $1,299.57 9.71%$0.00 $0.00 $0.00
40-25-000 Marketing & Public Relations $102,019.94 $29,073.76 $0.00 $131,093.70 33.92%$0.00 $0.00 $0.00
40-25-300 Communications, Marketing & PR HIMLE RAPP & CO., INC.4017 $90,000.00 $25,000.00 $0.00 $115,000.00 45.10%$0.00 $0.00 $0.00
40-25-300 Communications, Marketing & PR GINA MARIA CHIRI-OSMOND 4027 $1,012.50 $0.00 $0.00 $1,012.50 5.56%$0.00 $0.00 $0.00
40-25-310 Public Relations & Communications BRANDHOOT 4016 $3,097.44 $4,073.76 $0.00 $7,171.20 17.47%$0.00 $0.00 $0.00
40-25-310 Public Relations & Communications SAM SMITH 4030 $7,910.00 $0.00 $0.00 $7,910.00 10.95%$0.00 $0.00 $0.00
40-30-000 Development Services $742,000.00 $220,000.00 $0.00 $962,000.00 51.66%$0.00 $0.00 $0.00
40-30-300 Development Services HAMMES COMPANY SPORTS DEVEL.DMA $740,000.00 $220,000.00 $0.00 $960,000.00 51.61%$0.00 $0.00 $0.00
40-30-310 Financial, Accounting & Investment Services CLIFTONLARSONALLEN LLP 4041 $2,000.00 $0.00 $0.00 $2,000.00 100.00%$0.00 $0.00 $0.00
40-35-000 Legal Services $3,279.50 $43,597.83 $0.00 $46,877.33 100.00%$0.00 $0.00 $0.00
40-35-300 Legal Services DORSEY & WHITNEY LLP 4015 $0.00 $43,049.83 $0.00 $43,049.83 100.00%$0.00 $0.00 $0.00
40-35-300 Legal Services MICHAEL BEST & FRIEDRICH LLP 4021 $3,279.50 $548.00 $0.00 $3,827.50 100.00%$0.00 $0.00 $0.00
40-90-000 Other Development Costs $12,566.97 $4,025.00 $0.00 $16,591.97 42.12%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA CWS, INC.4033 $900.00 $225.00 $0.00 $1,125.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA DELUXE BUSINESS PRODUCTS 4042 $266.97 $0.00 $0.00 $266.97 100.00%$0.00 $0.00 $0.00
40-90-300 Reimbursable Expenses HAMMES COMPANY SPORTS DEVEL.DMA $11,400.00 $3,800.00 $0.00 $15,200.00 40.00%$0.00 $0.00 $0.00
Subtotal $861,165.98 $296,696.59 $0.00 $1,157,862.57 49.31%$0.00 $0.00 $0.00
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 0.00%$0.00 $0.00 $0.00
Subtotal $0.00 $0.00 $0.00 $0.00 0.00%$0.00 $0.00 $0.00
PROJECT TOTAL $861,165.98 $296,696.59 $0.00 $1,157,862.57 $0.00 $0.00 $0.00
Current
Work In Place
Direct Owner
Purchase
Total
Current Work
Current Work In Place $296,696.59 $0.00 $296,696.59
Less Current Retainage Held $0.00 $0.00 $0.00
Net Amount Due $296,696.59 $0.00 $296,696.59
Retainage
July 1, 2015
Work Completed To Date
MASTER APPLICATION FOR PAYMENT DETAIL #2
MAP for undisputed labor, services, or materials
Page 1 of 1
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AUTHORITY (2015)
INVOICE SUMMARY REPORT #2
Vendor Name Description Invoice No Invoice Date Invoice Amount Retainage Held Amount Due Approval
BRANDHOOT Public Relations and Communications 1328 7/1/2015 $4,073.76 $0.00 $4,073.76
CWS, INC.Hosting Services CW-78282 7/6/2015 $225.00 $0.00 $225.00
DORSEY & WHITNEY LLP Legal Services 3206851 6/5/2015 $43,049.83 $0.00 $43,049.83
HAMMES COMPANY SPORTS DEVEL.Development Manager Agreement 5005-016 7/1/2015 $223,800.00 $0.00 $223,800.00
HIMLE RAPP & CO., INC.Consulting Services-Strategy 0615 7/7/2015 $25,000.00 $0.00 $25,000.00
MICHAEL BEST & FRIEDRICH LLP Legal Services 1350896 6/17/2015 $548.00 $0.00 $548.00
GRAND TOTAL $296,696.59 $0.00 $296,696.59
July 1, 2015
Hammes Company JULY
2015
The following are the Master Application for Payment #15 reports
for the 2014 Budget.
Report 4001A
8/7/2015 - 3:27 PM
DMC - ECONOMIC DEVELOPMENT AGENCY
SOURCES AND USES REPORT #15 July 31, 2015
SOURCES OF FUNDS USES OF FUNDS
00-30-005 City Contribution 7,319,000.00$ 40-00-000 Development Costs 7,319,000.00$
90-00-000 Project Contingency -$
TOTAL SOURCES OF FUNDS 7,319,000.00$ TOTAL USES OF FUNDS 7,319,000.00$
Report 4001B
8/7/2015 - 3:29 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY
MASTER PROJECT BUDGET #15 July 31, 2015
Division Description Final Projected
Cost Notes
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $2,405,845.14
40-25-000 Marketing & Public Relations $790,000.00
40-30-000 Development Services $2,350,000.00
40-35-000 Legal Services $451,849.65
40-55-000 Misc Professional Services $376,310.80
40-90-000 Other Development Costs $944,994.41
Subtotal $7,319,000.00
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00
Subtotal $0.00
PROJECT TOTAL $7,319,000.00
Report 4001B
8/7/2015 - 3:28 PM Page 1 of 2
DMC - ECONOMIC DEVELOPMENT AGENCY
DETAIL MASTER PROJECT BUDGET #15 July 31, 2015
Division Description Final Projected
Cost - Detail
Final Projected
Cost Notes
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $2,405,845.14
40-05-300 Planning Services, Architecture, Engineering $2,405,845.14
40-25-000 Marketing & Public Relations $790,000.00
40-25-300 Communications, Marketing & PR $545,000.00
40-25-310 Public Relations & Communications $245,000.00
40-30-000 Development Services $2,350,000.00
40-30-300 Development Services $1,675,000.00
40-30-310 Financial, Accounting & Investment Services $675,000.00
40-35-000 Legal Services $451,849.65
40-35-300 Legal Services $451,849.65
40-55-000 Misc Professional Services $376,310.80
40-55-300 Economic Analysis, Market Research, Reports $359,106.35
40-55-310 Other Professional Services & Project Costs $17,204.45
40-90-000 Other Development Costs $944,994.41
40-90-115 Payroll, Staff, Administration & Benefits-EDA $460,000.00
40-90-120 General Expenses-EDA $355,150.35
40-90-300 Reimbursable Expenses $129,844.06
Subtotal $7,319,000.00
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00
Subtotal $0.00
Report 4001B
8/7/2015 - 3:28 PM Page 2 of 2
DMC - ECONOMIC DEVELOPMENT AGENCY
DETAIL MASTER PROJECT BUDGET #15 July 31, 2015
Division Description Final Projected
Cost - Detail
Final Projected
Cost Notes
PROJECT TOTAL $7,319,000.00
Report 4004
8/7/2015 - 3:30 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY
BUDGET ALLOCATION REPORT #15
Revision
No
Revision
Date Division Division
Description
Revision
Description
Revision
Amount
Revision
To
Revision
Method
Requested
By
Entered
By
BEGINNING CONTINGENCY BALANCE $0.00
ENDING CONTINGENCY BALANCE $0.00
July 31, 2015
Final Projected Cost
Report 4002
8/7/2015 - 3:31 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY
COST REPORT #15
Variance
Division Description
Master Project
Budget
A
Original
Contract
Amount
B
Contract
Revisions
C
Committed
Costs
B+C
Committed Direct
Owner Purchases
D
Un-Committed
Costs
E
Final Projected
Cost
B+C+D+E
Over/(Under)
Budget
(B+C+D+E)-A
Total Work
In Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $2,431,000.00 $1,545,921.60 $94,900.87 $1,640,822.47 $0.00 $765,022.67 $2,405,845.14 ($25,154.86)$1,625,727.69 67.57%
40-25-000 Marketing & Public Relations $790,000.00 $247,563.05 $160,036.72 $407,599.77 $0.00 $382,400.23 $790,000.00 $0.00 $407,428.03 51.57%
40-30-000 Development Services $2,350,000.00 $2,300,000.00 $0.00 $2,300,000.00 $0.00 $50,000.00 $2,350,000.00 $0.00 $2,300,000.00 97.87%
40-35-000 Legal Services $425,000.00 $126,208.01 $325,641.64 $451,849.65 $0.00 $0.00 $451,849.65 $26,849.65 $451,849.65 100.00%
40-55-000 Misc Professional Services $451,000.00 $298,473.00 $57,783.35 $356,256.35 $0.00 $20,054.45 $376,310.80 ($74,689.20)$352,092.30 93.56%
40-90-000 Other Development Costs $872,000.00 $182,504.02 $162,034.61 $344,538.63 $0.00 $600,455.78 $944,994.41 $72,994.41 $344,538.63 36.46%
Subtotal $7,319,000.00 $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $1,817,933.13 $7,319,000.00 $0.00 $5,481,636.30 74.90%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $7,319,000.00 $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $1,817,933.13 $7,319,000.00 $0.00 $5,481,636.30 74.90%
Work in PlaceSchedule of Values
July 31, 2015
Report 4002
8/7/2015 - 3:31 PM Page 1 of 1
DMC - ECONOMIC DEVELOPMENT AGENCY
DETAIL COST REPORT #15
Variance
Division Description
Master Project
Budget
A
Original
Contract
Amount
B
Contract
Revisions
C
Committed
Costs
B+C
Committed Direct
Owner Purchases
D
Un-Committed
Costs
E
Final Projected
Cost
B+C+D+E
Over/(Under)
Budget
(B+C+D+E)-A
Total Work
In Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $2,431,000.00 $1,545,921.60 $94,900.87 $1,640,822.47 $0.00 $765,022.67 $2,405,845.14 ($25,154.86)$1,625,727.69 67.57%
40-05-300 Planning Services, Architecture, Engineering $2,431,000.00 $1,545,921.60 $94,900.87 $1,640,822.47 $0.00 $765,022.67 $2,405,845.14 ($25,154.86)$1,625,727.69 67.57%
40-25-000 Marketing & Public Relations $790,000.00 $247,563.05 $160,036.72 $407,599.77 $0.00 $382,400.23 $790,000.00 $0.00 $407,428.03 51.57%
40-25-300 Communications, Marketing & PR $545,000.00 $183,137.76 $135,326.90 $318,464.66 $0.00 $226,535.34 $545,000.00 $0.00 $318,463.16 58.43%
40-25-310 Public Relations & Communications $245,000.00 $64,425.29 $24,709.82 $89,135.11 $0.00 $155,864.89 $245,000.00 $0.00 $88,964.87 36.31%
40-30-000 Development Services $2,350,000.00 $2,300,000.00 $0.00 $2,300,000.00 $0.00 $50,000.00 $2,350,000.00 $0.00 $2,300,000.00 97.87%
40-30-300 Development Services $1,675,000.00 $1,675,000.00 $0.00 $1,675,000.00 $0.00 $0.00 $1,675,000.00 $0.00 $1,675,000.00 100.00%
40-30-310 Financial, Accounting & Investment Services $675,000.00 $625,000.00 $0.00 $625,000.00 $0.00 $50,000.00 $675,000.00 $0.00 $625,000.00 92.59%
40-35-000 Legal Services $425,000.00 $126,208.01 $325,641.64 $451,849.65 $0.00 $0.00 $451,849.65 $26,849.65 $451,849.65 100.00%
40-35-300 Legal Services $425,000.00 $126,208.01 $325,641.64 $451,849.65 $0.00 $0.00 $451,849.65 $26,849.65 $451,849.65 100.00%
40-55-000 Misc Professional Services $451,000.00 $298,473.00 $57,783.35 $356,256.35 $0.00 $20,054.45 $376,310.80 ($74,689.20)$352,092.30 93.56%
40-55-300 Economic Analysis, Market Research, Reports $351,000.00 $298,473.00 $57,783.35 $356,256.35 $0.00 $2,850.00 $359,106.35 $8,106.35 $352,092.30 98.05%
40-55-310 Other Professional Services & Project Costs $100,000.00 $0.00 $0.00 $0.00 $0.00 $17,204.45 $17,204.45 ($82,795.55)$0.00 0.00%
40-90-000 Other Development Costs $872,000.00 $182,504.02 $162,034.61 $344,538.63 $0.00 $600,455.78 $944,994.41 $72,994.41 $344,538.63 36.46%
40-90-115 Payroll, Staff, Administration & Benefits-EDA $460,000.00 $0.00 $0.00 $0.00 $0.00 $460,000.00 $460,000.00 $0.00 $0.00 0.00%
40-90-120 General Expenses-EDA $382,000.00 $182,504.02 $32,190.55 $214,694.57 $0.00 $140,455.78 $355,150.35 ($26,849.65)$214,694.57 60.45%
40-90-300 Reimbursable Expenses $30,000.00 $0.00 $129,844.06 $129,844.06 $0.00 $0.00 $129,844.06 $99,844.06 $129,844.06 100.00%
Subtotal $7,319,000.00 $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $1,817,933.13 $7,319,000.00 $0.00 $5,481,636.30 74.90%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $7,319,000.00 $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $1,817,933.13 $7,319,000.00 $0.00 $5,481,636.30 74.90%
Work in PlaceSchedule of Values
July 31, 2015
Report 4003
8/7/2015 - 3:32 PM Page 1 of 2
DMC - ECONOMIC DEVELOPMENT AGENCY
CONTRACT SUMMARY REPORT #15
Division Description
Co
n
t
r
a
c
t
Vendor Name Contract
Number
Original
Contract
Amount
Contract
Revisions
Committed
Costs
Direct
Owner
Purchases
Work in
Place
Percent
Complete
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $1,545,921.60 $94,900.87 $1,640,822.47 $0.00 $1,625,727.69 99.08%
40-05-300 Planning Services, Architecture, Engineering X KIMLEY-HORN AND ASSOC., INC.4003 $412,500.00 $0.00 $412,500.00 $0.00 $399,414.70 96.83%
40-05-300 Planning Services, Architecture, Engineering X NELSON/NYGAARD CONSULTING 4004 $412,941.00 $27,374.39 $440,315.39 $0.00 $440,276.13 99.99%
40-05-300 Planning Services, Architecture, Engineering X PERKINS EASTMAN ARCHITECTS, PC 4005 $686,000.00 $47,900.00 $733,900.00 $0.00 $731,929.78 99.73%
40-05-300 Planning Services, Architecture, Engineering X ALPHAGRAPHICS 4006 $794.42 $14,411.02 $15,205.44 $0.00 $15,205.44 100.00%
40-05-300 Planning Services, Architecture, Engineering X MAYO CLINIC 4012 $2,026.53 $18,605.93 $20,632.46 $0.00 $20,632.46 100.00%
40-05-300 Planning Services, Architecture, Engineering X CARROLL, FRANCK & ASSOCIATES 4020 $28,000.00 ($13,390.47)$14,609.53 $0.00 $14,609.53 100.00%
40-05-300 Planning Services, Architecture, Engineering X GARY SMITH 4028 $1,259.10 $0.00 $1,259.10 $0.00 $1,259.10 100.00%
40-05-300 Planning Services, Architecture, Engineering X JERRY BELL 4029 $1,844.65 $0.00 $1,844.65 $0.00 $1,844.65 100.00%
40-05-300 Planning Services, Architecture, Engineering X INDIANA HISTORY CENTER 4031 $555.90 $0.00 $555.90 $0.00 $555.90 100.00%
40-25-000 Marketing & Public Relations $247,563.05 $160,036.72 $407,599.77 $0.00 $407,428.03 99.96%
40-25-300 Communications, Marketing & PR X HIMLE RAPP & CO., INC.4001 $28,918.38 $3,830.44 $32,748.82 $0.00 $32,748.82 100.00%
40-25-300 Communications, Marketing & PR X MAYO CLINIC 4012 $4,275.00 $9,261.57 $13,536.57 $0.00 $13,536.57 100.00%
40-25-300 Communications, Marketing & PR X HIMLE RAPP & CO., INC.4017 $143,044.38 $124,859.89 $267,904.27 $0.00 $267,902.77 100.00%
40-25-300 Communications, Marketing & PR X GINA MARIA CHIRI-OSMOND 4027 $6,900.00 ($2,625.00)$4,275.00 $0.00 $4,275.00 100.00%
40-25-310 Public Relations & Communications X MAYO CLINIC 4012 $19,725.29 $11,329.00 $31,054.29 $0.00 $31,054.29 100.00%
40-25-310 Public Relations & Communications X BRANDHOOT 4016 $27,540.00 $12,338.80 $39,878.80 $0.00 $39,708.56 99.57%
40-25-310 Public Relations & Communications X KNOWBLE MEDIA, LLC 4025 $4,000.00 $1,042.02 $5,042.02 $0.00 $5,042.02 100.00%
40-25-310 Public Relations & Communications X SAM SMITH 4030 $13,160.00 $0.00 $13,160.00 $0.00 $13,160.00 100.00%
40-30-000 Development Services $2,300,000.00 $0.00 $2,300,000.00 $0.00 $2,300,000.00 100.00%
40-30-300 Development Services X HAMMES COMPANY SPORTS DEVEL.DMA $1,675,000.00 $0.00 $1,675,000.00 $0.00 $1,675,000.00 100.00%
40-30-310 Financial, Accounting & Investment Services X HAMMES COMPANY SPORTS DEVEL.DMA $625,000.00 $0.00 $625,000.00 $0.00 $625,000.00 100.00%
40-35-000 Legal Services $126,208.01 $325,641.64 $451,849.65 $0.00 $451,849.65 100.00%
40-35-300 Legal Services X FOLEY & LARDNER LLP 4000 $39,208.01 $0.00 $39,208.01 $0.00 $39,208.01 100.00%
40-35-300 Legal Services X DORSEY & WHITNEY LLP 4015 $75,000.00 $288,011.64 $363,011.64 $0.00 $363,011.64 100.00%
40-35-300 Legal Services X MICHAEL BEST & FRIEDRICH LLP 4021 $12,000.00 $37,630.00 $49,630.00 $0.00 $49,630.00 100.00%
40-55-000 Misc Professional Services $298,473.00 $57,783.35 $356,256.35 $0.00 $352,092.30 98.83%
40-55-300 Economic Analysis, Market Research, Reports X AECOM TECHNICAL SERVICES, INC.4002 $298,473.00 $57,783.35 $356,256.35 $0.00 $352,092.30 98.83%
40-90-000 Other Development Costs $182,504.02 $162,034.61 $344,538.63 $0.00 $344,538.63 100.00%
40-90-120 General Expenses-EDA X CANADIAN HONKER REST & CATER 4007 $364.20 $483.27 $847.47 $0.00 $847.47 100.00%
40-90-120 General Expenses-EDA X CATERING BY DESIGN 4008 $457.94 $0.00 $457.94 $0.00 $457.94 100.00%
40-90-120 General Expenses-EDA X AON RISK SERVICES CENTRAL, INC 4010 $67,466.17 $0.00 $67,466.17 $0.00 $67,466.17 100.00%
July 31, 2015
Status
Report 4003
8/7/2015 - 3:32 PM Page 2 of 2
DMC - ECONOMIC DEVELOPMENT AGENCY
CONTRACT SUMMARY REPORT #15
Division Description
Co
n
t
r
a
c
t
Vendor Name Contract
Number
Original
Contract
Amount
Contract
Revisions
Committed
Costs
Direct
Owner
Purchases
Work in
Place
Percent
Complete
July 31, 2015
Status
40-90-120 General Expenses-EDA X MAYO CLINIC 4012 $4,801.01 $5,672.65 $10,473.66 $0.00 $10,473.66 100.00%
40-90-120 General Expenses-EDA X MAYO CIVIC CENTER 4013 $4,929.24 $34,695.39 $39,624.63 $0.00 $39,624.63 100.00%
40-90-120 General Expenses-EDA X ROCHESTER TROLLEY & TOUR CO 4014 $550.00 $400.00 $950.00 $0.00 $950.00 100.00%
40-90-120 General Expenses-EDA X CITY MARKET DOWNTOWN 4018 $420.44 $1,157.21 $1,577.65 $0.00 $1,577.65 100.00%
40-90-120 General Expenses-EDA X TIM PRIEST 4019 $566.84 $0.00 $566.84 $0.00 $566.84 100.00%
40-90-120 General Expenses-EDA X DAVID HIGGINS 4022 $95.20 $0.00 $95.20 $0.00 $95.20 100.00%
40-90-120 General Expenses-EDA X PATRICK SEEB 4023 $766.20 $0.00 $766.20 $0.00 $766.20 100.00%
40-90-120 General Expenses-EDA X HARLEYSVILLE WORCESTER INS. CO 4024 $1,762.43 $0.00 $1,762.43 $0.00 $1,762.43 100.00%
40-90-120 General Expenses-EDA X MINNEAPOLIS CLUB 4026 $1,670.27 ($217.97)$1,452.30 $0.00 $1,452.30 100.00%
40-90-120 General Expenses-EDA X SRI ZAHEER 4032 $8.00 $0.00 $8.00 $0.00 $8.00 100.00%
40-90-120 General Expenses-EDA X CWS, INC.4033 $1,725.00 $0.00 $1,725.00 $0.00 $1,725.00 100.00%
40-90-120 General Expenses-EDA X MINNESOTA DEPT OF REVENUE 4034 $1,764.00 $0.00 $1,764.00 $0.00 $1,764.00 100.00%
40-90-120 General Expenses-EDA X US TREASURY 4035 $2,700.00 $0.00 $2,700.00 $0.00 $2,700.00 100.00%
40-90-120 General Expenses-EDA X DAVIES PRINTING COMPANY 4036 $8,464.00 $0.00 $8,464.00 $0.00 $8,464.00 100.00%
40-90-120 General Expenses-EDA X FAEGRE BAKER DANIELS 4037 $30,004.05 $0.00 $30,004.05 $0.00 $30,004.05 100.00%
40-90-120 General Expenses-EDA X WINTHROP & WEINSTINE, P.A.4038 $20,074.91 $0.00 $20,074.91 $0.00 $20,074.91 100.00%
40-90-120 General Expenses-EDA X MCGRANN SHEA CARNIVAL STRAUGHN & LA 4039 $22,884.12 $0.00 $22,884.12 $0.00 $22,884.12 100.00%
40-90-120 General Expenses-EDA X LUND TAX & ACCOUNTING 4040 $1,030.00 $0.00 $1,030.00 $0.00 $1,030.00 100.00%
40-90-300 Reimbursable Expenses X HAMMES COMPANY SPORTS DEVEL.DMA $0.00 $129,844.06 $129,844.06 $0.00 $129,844.06 100.00%
Subtotal $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $5,481,636.30 99.65%
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
Subtotal $0.00 $0.00 $0.00 $0.00 $0.00 0.00%
PROJECT TOTAL $4,700,669.68 $800,397.19 $5,501,066.87 $0.00 $5,481,636.30 99.65%
MASTER APPLICATION FOR PAYMENT
MAP for undisputed labor, services, or materials
Page 1 of 1
MASTER APPLICATION FOR PAYMENT (Form 4020)
From:HAMMES COMPANY Application No.:15 Please Remit To:
Application Date:July 1, 2015
Hammes Project No:40050-05
To:DMC Economic Development Authority Period From:June 1, 2015
200 First Street SW Period To:June 30, 2015
Rochester, MN 55905 Project Name:DMC
Attention:Executive Director Economic Development Agency
PROJECT MANAGER:STATEMENT OF PROJECT:
ORIGINAL MASTER PROJECT BUDGET . . . . . . . . . . . . . . . $
CURRENT MASTER PROJECT BUDGET . . . . . . . . . . . . . . . $
Signed By:
Hammes Company Sports Development, Inc.
Date:July 1, 2015 TOTAL COMPLETED & STORED TO DATE . . . . . . . . . . . . . $
Name:Robert P. Dunn RETAINAGE TO DATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
TOTAL COMPLETED LESS RETAINAGE . . . . . . . . . . . . . . . $
SOURCES OF FUNDS:
City Contribution LESS PREVIOUS REQUESTS . . . . . . . . . . . . . . . . . . . . . . . $
CURRENT AMOUNT DUE (A + B) . . . . . . . . . . . . . . . . . . . . . $
CURRENT PAYMENTS DUE (A) . . . . . . . . . . . . . . . . . . . . . . $
CURRENT SOURCES OF FUNDS DIRECT OWNER PURCHASES DUE (B) . . . . . . . . . . . . . . . . $
USES OF FUNDS:APPROVALS:
40 - Development Costs
50 - Financing Costs
60 - Other Project Costs
90 - Project Contingency
EDA:Date
DMCC: Date
CURRENT USES OF FUNDS
32.01$
Current Application
-$
-$
32.01$
Acct Name:
Acct No:
Bank:
Notify:
7,319,000.00
7,319,000.00
5,481,636.30
-
5,481,636.30
Submitted in accordance with the Contract Documents for approval by
the EDA.
5,481,604.29
Current Application
32.01$
-
32.01
32.01
-$
32.01$
MAP for undisputed labor, services, or materials
Page 1 of 1
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AGENCY
DETAIL SOURCES AND USES REPORT #15
Division Description Final Projected
Cost
Previous
Billings
Current
Billing
Total
Billed To Date
Balance to
Complete
SOURCES OF FUNDS
00-30-005 City Contribution $7,319,000.00 $5,481,604.29 $32.01 $5,481,636.30 $1,837,363.70
Total Sources of Funds $7,319,000.00 $5,481,604.29 $32.01 $5,481,636.30 $1,837,363.70
USES OF FUNDS
40-00-000 Development Costs $7,319,000.00 $5,481,604.29 $32.01 $5,481,636.30 $1,837,363.70
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 $0.00
Total Uses of Funds $7,319,000.00 $5,481,604.29 $32.01 $5,481,636.30 $1,837,363.70
July 1, 2015
MAP for undisputed labor, services, or materials
Page 1 of 2
DESTINATION MEDICAL CENTERECONOMIC DEVELOPMENT AUTHORITY
Division Description Vendor Contract
No
Previous
Billing
Current
Work In Place
Direct Owner
Purchase
Total
Work to Date
Percent
Complete
Previous
Retainage
Current
Retainage
Total
Retainage
DEVELOPMENT COSTS
40-05-000 Architecture & Engineering $1,625,727.69 $0.00 $0.00 $1,625,727.69 99.08%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering KIMLEY-HORN AND ASSOC., INC.4003 $399,414.70 $0.00 $0.00 $399,414.70 96.83%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering NELSON/NYGAARD CONSULTING 4004 $440,276.13 $0.00 $0.00 $440,276.13 99.99%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering PERKINS EASTMAN ARCHITECTS, PC 4005 $731,929.78 $0.00 $0.00 $731,929.78 99.73%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering ALPHAGRAPHICS 4006 $15,205.44 $0.00 $0.00 $15,205.44 100.00%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering MAYO CLINIC 4012 $20,632.46 $0.00 $0.00 $20,632.46 100.00%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering CARROLL, FRANCK & ASSOCIATES 4020 $14,609.53 $0.00 $0.00 $14,609.53 100.00%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering GARY SMITH 4028 $1,259.10 $0.00 $0.00 $1,259.10 100.00%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering JERRY BELL 4029 $1,844.65 $0.00 $0.00 $1,844.65 100.00%$0.00 $0.00 $0.00
40-05-300 Planning Services, Architecture, Engineering INDIANA HISTORY CENTER 4031 $555.90 $0.00 $0.00 $555.90 100.00%$0.00 $0.00 $0.00
40-25-000 Marketing & Public Relations $407,428.03 $0.00 $0.00 $407,428.03 99.96%$0.00 $0.00 $0.00
40-25-300 Communications, Marketing & PR HIMLE RAPP & CO., INC.4001 $32,748.82 $0.00 $0.00 $32,748.82 100.00%$0.00 $0.00 $0.00
40-25-300 Communications, Marketing & PR MAYO CLINIC 4012 $13,536.57 $0.00 $0.00 $13,536.57 100.00%$0.00 $0.00 $0.00
40-25-300 Communications, Marketing & PR HIMLE RAPP & CO., INC.4017 $267,902.77 $0.00 $0.00 $267,902.77 100.00%$0.00 $0.00 $0.00
40-25-300 Communications, Marketing & PR GINA MARIA CHIRI-OSMOND 4027 $4,275.00 $0.00 $0.00 $4,275.00 100.00%$0.00 $0.00 $0.00
40-25-310 Public Relations & Communications MAYO CLINIC 4012 $31,054.29 $0.00 $0.00 $31,054.29 100.00%$0.00 $0.00 $0.00
40-25-310 Public Relations & Communications BRANDHOOT 4016 $39,708.56 $0.00 $0.00 $39,708.56 99.57%$0.00 $0.00 $0.00
40-25-310 Public Relations & Communications KNOWBLE MEDIA, LLC 4025 $5,042.02 $0.00 $0.00 $5,042.02 100.00%$0.00 $0.00 $0.00
40-25-310 Public Relations & Communications SAM SMITH 4030 $13,160.00 $0.00 $0.00 $13,160.00 100.00%$0.00 $0.00 $0.00
40-30-000 Development Services $2,300,000.00 $0.00 $0.00 $2,300,000.00 100.00%$0.00 $0.00 $0.00
40-30-300 Development Services HAMMES COMPANY SPORTS DEVEL.DMA $1,675,000.00 $0.00 $0.00 $1,675,000.00 100.00%$0.00 $0.00 $0.00
40-30-310 Financial, Accounting & Investment Services HAMMES COMPANY SPORTS DEVEL.DMA $625,000.00 $0.00 $0.00 $625,000.00 100.00%$0.00 $0.00 $0.00
40-35-000 Legal Services $451,849.65 $0.00 $0.00 $451,849.65 100.00%$0.00 $0.00 $0.00
40-35-300 Legal Services FOLEY & LARDNER LLP 4000 $39,208.01 $0.00 $0.00 $39,208.01 100.00%$0.00 $0.00 $0.00
40-35-300 Legal Services DORSEY & WHITNEY LLP 4015 $363,011.64 $0.00 $0.00 $363,011.64 100.00%$0.00 $0.00 $0.00
40-35-300 Legal Services MICHAEL BEST & FRIEDRICH LLP 4021 $49,630.00 $0.00 $0.00 $49,630.00 100.00%$0.00 $0.00 $0.00
40-55-000 Misc Professional Services $352,060.29 $32.01 $0.00 $352,092.30 98.83%$0.00 $0.00 $0.00
40-55-300 Economic Analysis, Market Research, Reports AECOM TECHNICAL SERVICES, INC.4002 $352,060.29 $32.01 $0.00 $352,092.30 98.83%$0.00 $0.00 $0.00
40-90-000 Other Development Costs $344,538.63 $0.00 $0.00 $344,538.63 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA CANADIAN HONKER REST & CATER 4007 $847.47 $0.00 $0.00 $847.47 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA CATERING BY DESIGN 4008 $457.94 $0.00 $0.00 $457.94 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA AON RISK SERVICES CENTRAL, INC 4010 $67,466.17 $0.00 $0.00 $67,466.17 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA MAYO CLINIC 4012 $10,473.66 $0.00 $0.00 $10,473.66 100.00%$0.00 $0.00 $0.00
Retainage
July 1, 2015
Work Completed To Date
MASTER APPLICATION FOR PAYMENT DETAIL #15
MAP for undisputed labor, services, or materials
Page 2 of 2
DESTINATION MEDICAL CENTERECONOMIC DEVELOPMENT AUTHORITY
Division Description Vendor Contract
No
Previous
Billing
Current
Work In Place
Direct Owner
Purchase
Total
Work to Date
Percent
Complete
Previous
Retainage
Current
Retainage
Total
Retainage
Retainage
July 1, 2015
Work Completed To Date
MASTER APPLICATION FOR PAYMENT DETAIL #15
40-90-120 General Expenses-EDA MAYO CIVIC CENTER 4013 $39,624.63 $0.00 $0.00 $39,624.63 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA ROCHESTER TROLLEY & TOUR CO 4014 $950.00 $0.00 $0.00 $950.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA CITY MARKET DOWNTOWN 4018 $1,577.65 $0.00 $0.00 $1,577.65 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA TIM PRIEST 4019 $566.84 $0.00 $0.00 $566.84 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA DAVID HIGGINS 4022 $95.20 $0.00 $0.00 $95.20 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA PATRICK SEEB 4023 $766.20 $0.00 $0.00 $766.20 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA HARLEYSVILLE WORCESTER INS. CO 4024 $1,762.43 $0.00 $0.00 $1,762.43 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA MINNEAPOLIS CLUB 4026 $1,452.30 $0.00 $0.00 $1,452.30 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA SRI ZAHEER 4032 $8.00 $0.00 $0.00 $8.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA CWS, INC.4033 $1,725.00 $0.00 $0.00 $1,725.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA MINNESOTA DEPT OF REVENUE 4034 $1,764.00 $0.00 $0.00 $1,764.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA US TREASURY 4035 $2,700.00 $0.00 $0.00 $2,700.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA DAVIES PRINTING COMPANY 4036 $8,464.00 $0.00 $0.00 $8,464.00 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA FAEGRE BAKER DANIELS 4037 $30,004.05 $0.00 $0.00 $30,004.05 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA WINTHROP & WEINSTINE, P.A.4038 $20,074.91 $0.00 $0.00 $20,074.91 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA MCGRANN SHEA CARNIVAL STRAUGHN & LA 4039 $22,884.12 $0.00 $0.00 $22,884.12 100.00%$0.00 $0.00 $0.00
40-90-120 General Expenses-EDA LUND TAX & ACCOUNTING 4040 $1,030.00 $0.00 $0.00 $1,030.00 100.00%$0.00 $0.00 $0.00
40-90-300 Reimbursable Expenses HAMMES COMPANY SPORTS DEVEL.DMA $129,844.06 $0.00 $0.00 $129,844.06 100.00%$0.00 $0.00 $0.00
Subtotal $5,481,604.29 $32.01 $0.00 $5,481,636.30 99.65%$0.00 $0.00 $0.00
PROJECT CONTINGENCY
90-00-000 Project Contingency $0.00 $0.00 $0.00 $0.00 0.00%$0.00 $0.00 $0.00
Subtotal $0.00 $0.00 $0.00 $0.00 0.00%$0.00 $0.00 $0.00
PROJECT TOTAL $5,481,604.29 $32.01 $0.00 $5,481,636.30 $0.00 $0.00 $0.00
Current
Work In Place
Direct Owner
Purchase
Total
Current Work
Current Work In Place $32.01 $0.00 $32.01
Less Current Retainage Held $0.00 $0.00 $0.00
Net Amount Due $32.01 $0.00 $32.01
MAP for undisputed labor, services, or materials
Page 1 of 1
DESTINATION MEDICAL CENTER
ECONOMIC DEVELOPMENT AUTHORITY
INVOICE SUMMARY REPORT #15
Vendor Name Description Invoice No Invoice Date Invoice Amount Retainage Held Amount Due Approval
AECOM TECHNICAL SERVICES, INC.Market Analyst and Economic & Fiscal Impacts 37581444 6/17/2015 $32.01 $0.00 $32.01
GRAND TOTAL $32.01 $0.00 $32.01
July 1, 2015
Hammes Company JULY
2015