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HomeMy WebLinkAbout2/8/2017 DMCC Board of Directors Meeting - Agenda and Meeting PacketDESTIN ATION MEDICAL CENTER CORPOR ATION (DMCC) BOARD MEETING 9:30 A.M. WEDNESDAY, February 8, 2017 MAYO CIVIC CENTER - ROCHESTER This Page is Intentionally Left Blank DESTINATION MEDICAL CENTER CORPORATION (DMCC) BOARD MEETING Wednesday, February 8, 2017 9:30 A.M. AGENDA Page I.Call to Order II.Roll Call III.Approval of Agenda IV.Approval of Minutes: December 15, 2016………………………………………………………………………………………………………..1 V.Public Comment Period VI.Chair’s Report A.Resolution A: Approving the Establishment of an Executive Committee ……………………………..7 and Outline of Duties B.Resolution B: Approving the February 15 Report to the Legislature…………………………………...9 VII.Public Hearing A.Proposed Modification of the Development District with Respect to the Alatus Project, Located on 2nd Street SW …………………………………………45 B.Resolution C: Approval of the Proposed Modification of the Development District VIII.Project Update (City of Rochester, EDA) A.Transportation Management: Findings and Recommended Next Steps………………………………55 B.Use of Tax Increment Financing Funds for Transit and Public Infrastructure………………………...175 C.Urban on First: Proposed Titan/Opus Development between First Avenue SW and Broadway………………………………………………………………...179 Resolution D: Approving Urban on First as a Public Infrastructure Project, with Conditions………..193 D.Mortenson Project: Proposed Project in Discovery Square (Presenter: Jeremy Jacobs, Mortenson)…………………………………………………………………..201 E.Subdistrict Update 1.Heart of the City: Public Realm Design (Presenter: Jon Buggy, RSP Architects)……………….209 IX.DMCC 2017 Budget: Year to Date Update……………………………………………………………………………………………………….255 X.Meeting Schedule: A.Next Regular Meeting: April 27, 2017 at 9:30 A.M. XI.Adjournment 866844-7.DOCX 1 This Page is Intentionally Left Blank 2 DESTINATION MEDICAL CENTER CORPORATION BOARD OF DIRECTORS MINUTES December 15, 2016 I. Call to Order. Vice Chair R.T. Rybak called the meeting to order at 9:40 a.m. at the Mayo Civic Center, Riverview Suite, located at 30 Civic Center Drive SE, Rochester, MN 55904. II. Roll Call. In attendance were R.T. Rybak, Council Member Mark Hickey, Jim Campbell, Commissioner Jim Bier, Mayor Ardell Brede and Michael Dougherty. III. Approval of Agenda. Commissioner Bier moved approval of the Agenda. Mr. Campbell seconded. Ayes (6), Nays (0), Motion carried. IV. Approval of Minutes: October 27, 2016. Commissioner Bier moved approval of the Minutes of the meeting held on October 27, 2016. Mayor Brede seconded. Ayes (6), Nays (0), Motion carried. V. Public Comment Period. Vice Chair Rybak invited members of the community to offer comments. Jesse Welsh, Rochester resident, spoke in favor of the proposed Alatus development project in Saint Marys Place, citing the high standards of design and public engagement demonstrated by the developer. Mark Bransford, Rochester resident, spoke about the proposed Alatus development project, noting his concern regarding the compatibility of the development with the Folwell neighborhood. Mary Jo Majerus, Rochester resident, stated her opposition to urban sprawl, and, as it related to the Alatus project, and voiced support for infill of the city. Ms. Majerus noted her positive experience with local developers, including Alatus, LLC. Christine Schulze, Rochester resident, spoke regarding the proposed Heart of the City North development project and the importance of its progression through the planning, zoning, and historic preservation processes. John Kruesel, Rochester resident, spoke on behalf of the Rochester Conservancy regarding the Hotel Carlton-Days Inn site and his concern on the current state of public engagement in Rochester. Richard Olen, a resident of Shoreview, MN, supported elevated transit options and stated the pace of transit planning is not moving fast enough. VI. Chair’s Report. On behalf of Chair Smith, Vice Chair Rybak noted the announced pending retirement of Rochester City Administrator Stevan Kvenvold. Vice Chair Rybak also noted that the DMCC’s regular meeting schedule will be quarterly in 2017. VII. Project Update. Gary Neumann, Terry Spaeth, Lisa Clarke, and Patrick Seeb offered the project update. A. Alatus: Proposed Development on 2nd Street SW. Ms. Clarke reported that the EDA Board recommended the Alatus project for approval, and its review was available in the DMCC Board packet, as well as the City of Rochester Administration’s letter of support for the project. Mr. Dougherty requested a financing term sheet. Mr. Campbell suggested that the approval of the project be contingent on an acceptable financing structure. Vice Chair Rybak invited Bob Lux of Alatus, LLC to comment on the project financing. Mr. Lux expressed confidence in the project financing, noting the loan and equity proportions of the project. 3 Commissioner Bier noted the DMC goals related to tax revenue generation and job creation. Vice Chair Rybak stated his support for the project, and the need for transit solutions, particularly as projects come forward for review. Resolution A: Approval of the Alatus Project as a Public Infrastructure Project, Pending Modification of the Development District. Mr. Dougherty offered an amendment to the resolution which made approval of the Alatus project contingent upon Alatus, LLC providing evidence of financing satisfactory to the Board within 90 days. This period of time coincides with the City’s development assistance agreement. The amendment was accepted as a friendly amendment. Mayor Brede moved approval of the resolution as amended. Mr. Dougherty seconded. Ayes (6), Nays (0), Motion carried. Vice Chair Rybak moved that City and EDA staff be directed to explore the feasibility of directing excess tax increment financing from the Alatus project to transit and transit-oriented development. He asked that an update come back to the Board on January 26, 2017. Council Member Hickey expressed his support for directing staff to examine the use of tax increment financing for transit. Vice Chair Rybak moved approval. Mr. Campbell seconded. Ayes (6), Nays (0), Motion carried B.Analysis of Consistency with the Development Plan. 1.Titan/Opus: Proposed Development between First Avenue SW and Broadway: The project review is underway. 2.Heart of the City North: Proposed Development at West Center Street and First Avenue NW: The project review is underway. Mr. Seeb noted that these projects are not up for approval today, but that both projects are continuing to move through the review process. Vice Chair Rybak asked about the status of other projects. Mr. Neumann stated that the Bloom International Realty project continues to move through the process. An update will likely be ready for the DMCC Board meeting on April 27, 2017. Mr. Campbell requested that the Board receive regular updates in between Board meetings to understand the status and roadblocks for pending projects. Vice Chair Rybak commented that the Board wanted to push projects along as quickly as possible. Commissioner Bier agreed, citing the rising costs of interest and construction. C.Subdistrict Update. 1.Heart of the City. a.Chateau Theatre. Mayor Brede directed the Board to the Chateau Theatre update available in the Board packets. He described some of the work of the various consultants and discussed the potential interior upgrades that could happen, as well as exterior cosmetic and efficiency upgrades that have been made. Mr. Neumann stated that the City Council had requested that additional work be done in the areas of governance, funding options and coordination of work with Heart of the City. He noted the complementary work of the Chateau Theatre Re-Use Task Force and consultants and the work of the Heart of the City Community Advisory Committee. Next steps for the Chateau Theatre, including a project timetable, will be developed 4 by City and EDA staff. Mr. Campbell and Vice Chair Rybak discussed the need for a visionary reimagining of the Chateau Theatre as it relates to the surrounding Heart of the City subdistrict. b.Public Space Design. The work of the RSP Architects-led team continues and will be presented in more detail in January. 2.Saint Marys Place: Mr. Seeb gave an update on planning in Saint Marys Place, including the design concepts that EDA and City staff, as well as other stakeholders, have been examining. Public infrastructure design options include a street-level “arcade” system, frequent and prominent crosswalks, transit nodes, strengthening an east-west bike connection between the downtown core and Saint Marys Place, and pedestrian-friendly streets. VIII.DMCC 2016 Budget: Year to Date Update. Commissioner Bier directed the Board to the finance update in the Board packet, stating that the DMCC and DMC are under budget for 2016. IX.2017 Meeting Schedule. Chair Rybak directed the Board to the quarterly 2017 regular meeting schedule in the Board materials, but noted that additional meetings may be called if necessary. Resolution B: Approval of 2017 Regular Meeting Schedule. Mr. Dougherty moved approval. Mayor Brede seconded. Ayes (6), Nays (0), Motion carried X.Meeting Schedule. The next regular meeting of the DMCC is Thursday, January 26, 2017 at the Mayo Civic Center. XI.Adjournment. Commissioner Bier moved to adjourn the meeting. Mr. Campbell seconded. Ayes (6), Nays (0), Motion carried. 867955-3.DOCX 5 This Page is Intentionally Left Blank 6 A. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. ___-2017 Approving the Establishment of an Executive Committee of the Board BACKGROUND RECITALS The Bylaws (“Bylaws”) of the Destination Medical Center Corporation (“DMCC”) provide for the establishment, by resolution, of an Executive Committee of the Board, and state: The Executive Committee shall be a committee of the Board. The Chair, the Treasurer, and such other persons, if any, elected by the Board of Directors by resolution shall constitute the Executive Committee of the Board of Directors of the Corporation. The majority of the members of the Executive Committee shall be Directors. The Executive Committee shall act only during intervals between meetings of the Board of Directors and shall at all times be subject to the control and direction of the Board of Directors. During such intervals and subject to such control and direction, the Executive Committee shall have and may exercise all of the authority and powers of the Board of Directors in the management of the affairs of the Corporation, subject to such limitations as the Board of Directors may impose. Notwithstanding the foregoing sentence, the Executive Committee may not approve: (a) amendments to the Articles or Bylaws; (b) the development plan described in the Minnesota Statutes Section 469.43; (c) project proposals as provided in Minnesota Statutes Section 469.41, subdivision 13; (d) annual reports required by Minnesota Statutes Section 469.43, subdivision 8; or (e) requests for bond financing of projects pursuant to Minnesota Statutes Section 469.44, subdivision 8. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Destination Medical Center Board of Directors that an Executive Committee is established, consisting of the Chair, Vice Chair, and Treasurer of the Board. The Executive Committee may exercise all of the authority and powers of the Board, subject to the limitation set forth in the Bylaws, and specifically including, but not limited to, the certification of the annual report due to the Minnesota Employment and Economic Development Department (“DEED”), and the approval of the DMCC annual audit. 867574-4.DOCX 7 This Page is Intentionally Left Blank 8 B. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. __-2017 Authorizing Report to the Legislature Pursuant to Statute BACKGROUND RECITALS A.Minnesota Laws, Chapter 143, Article 10 (the “Act”) provides that by February 15th of each year, the Destination Medical Center Corporation (“DMCC”) and the City of Rochester (the “City”) must jointly submit a report to the chairs and ranking minority members of the legislative committees and divisions with jurisdiction over local and state government operations, economic development, and taxes and to the Commissioners of Revenue and employment and economic development, and Olmsted County. The DMCC and the City must also submit the report as provided in Minnesota Statutes Section 3.195. The report must include the following specific elements: (1) the development plan and any proposed changes to the development plan; (2) progress of projects identified in the development plan; (3) actual costs and financing sources, including the amount paid with state aid under section 469.47, and required local contributions of projects completed in the previous two years by the corporation, city, county, and the medical business entity; (4) estimated costs and financing sources for projects to be stated in the next two years by the corporation, city, county, and the medical business entity; and (5) debt service schedules for all outstanding obligations of the city for debt issued for projects identified in the plan. B.The DMCC and City staff have prepared a draft report, due on February 15, 2017, and attached here as Exhibit A. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Destination Medical Center Corporation Board of Directors that the Chair or Vice Chair of the DMCC is authorized to execute and submit the report to the Minnesota Legislature as required by the Act, in form similar to the report attached here as Exhibit A, as may be modified through further discussions with the City, and to take such other actions as are necessary and appropriate to effectuate the timely submission of the report to the Minnesota Legislature. 867862-2.DOCX 9 This Page is Intentionally Left Blank 10 February 2, 2017 Page 1 February 2, 2017 The Honorable Dan Hall Chair, Local Government Committee Minnesota State Senate 3111 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Tim O’Driscoll Chair, Government Operations and Elections Policy Committee Minnesota House of Representatives 559 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 The Honorable Patricia Torres Ray Local Government Committee Minnesota State Senate 2225 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Michael Nelson Government Operations and Elections Policy Committee Minnesota House of Representatives 351 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 The Honorable Jeremy Miller Chair, Jobs and Economic Growth Finance and Policy Committee Minnesota State Senate 3107 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Patrick Garafolo Chair, Job Growth and Energy Affordability Policy and Finance Committee Minnesota House of Representatives 485 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 The Honorable Bobby Joe Champion Jobs and Economic Growth Finance and Policy Committee Minnesota State Senate 2303 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Tim Mahoney Job Growth and Energy Affordability Policy and Finance Committee Minnesota House of Representatives 345 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 The Honorable Julie Rosen Chair, Finance Committee Minnesota State Senate 3235 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Jim Knoblach Chair, Ways and Means Committee Minnesota House of Representatives 453 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 EXHIBIT A to Resolution B 11 February 2, 2017 Page 2 The Honorable Richard Cohen Finance Committee Minnesota State Senate 2301 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Lyndon Carlson Sr. Ways and Means Committee Minnesota House of Representatives 283 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 The Honorable Roger Chamberlain Chair, Taxes Committee Minnesota State Senate 3225 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Greg Davids Chair, Taxes Committee Minnesota House of Representatives 585 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 The Honorable Ann Rest Taxes Committee Minnesota State Senate 2217 Minnesota Senate Building 95 University Ave W St. Paul, MN 55155 The Honorable Paul Marquart Taxes Committee Minnesota House of Representatives 261 State Office Building 100 Rev. Dr. Martin Luther King Jr. Blvd. St. Paul, MN 55155-1206 Commissioner Cynthia Bauerly Minnesota Department of Revenue 600 North Robert Street St. Paul, MN 55101 The Honorable Ken Brown Chair, Olmsted County Board of Commissioners 151 4th St SE Rochester, MN 55904 Commissioner Shawntera Hardy Minnesota Department of Employment and Economic Development 1st National Bank Building 332 Minnesota Street, Suite E200 St. Paul, MN 55101-1351 Re: Destination Medical Center February 15, 2017 Report Dear Senators, Representatives, Commissioners and Chairs: Pursuant to 2013 Minnesota Laws, Chapter 143, Article 10 (the “Act”), the Destination Medical Center Corporation (the “DMCC”) and the City of Rochester (the “City”) must jointly submit a report by February 15 of each year with respect to the status of the Destination Medical Center initiative. On behalf of the DMCC and the City, we are pleased to submit this report, setting forth the progress that has been made since the last report, dated February 12, 2016. As this report will illustrate, 2016 was an exciting year for the Destination Medical Center initiative, as we pivoted from planning to the approval of public and private projects and the consideration of several more projects in the pipeline for 2017. The private investment, combined with Mayo Clinic’s certified expenditures to date, indicate that we will be on track in 12 February 2, 2017 Page 3 2017 to exceed the $200,000,000 threshold in private investment established by the Legislature before any state funding may occur. This early success clearly underscores the legislative intent to have the private investment lead the way for this initiative. I.Destination Medical Center: In General. A. Development Plan. One of the primary goals of the Act was the adoption of a Development Plan. In September 2013, the DMCC established specific goals and objectives for the Development Plan: to create a comprehensive strategic plan, and over the life of the project, to stimulate over $5 billion in private investment that will be supported by $585 million in public funds, create 35,000-45,000 new jobs, generate $7.5 billion to $8.5 billion in net new tax revenue, and achieve the highest quality patient, visitor and resident experience. The Development Plan is the strategic framework for the Destination Medical Center initiative, establishing a comprehensive business and economic development strategy. As described in the Act, the Development Plan must address several items, including land use, transportation and infrastructure planning, market research, funding priorities, business and economic development and market strategies. Upon making the findings set forth in the Act, including finding that the City had approved the Development Plan, the DMCC adopted the Development Plan on April 23, 2015. The Development Plan is posted on the DMCC website: www.dmc.mn. B.Website. The DMCC’s website is: www.dmc.mn. The website contains the regular meeting schedule, meeting agendas, minutes and other information on DMCC activities and activities of the Destination Medical Center Economic Development Agency (“DMC EDA”). The City’s website, www.rochestermn.gov, also has a link to the DMCC website. II.Specific Elements Required to Be Included in the Report. The Act requires that certain elements be included in this annual report. Some of what is presented here has been referenced above. A.“The Development Plan and any proposed changes to the Development Plan.” The Development Plan was adopted on April 23, 2015. It can be found at the DMCC website: www.dmc.mn. The DMCC approved a modification to the Destination Medical Center Development District, the geographic area in the City of Rochester in which public infrastructure projects are implemented. That modification is attached as Exhibit A. B.“Progress of projects identified in the Development Plan.” According to the Act, a project must be approved by the DMCC before it is proposed to the City. The DMCC must review the project proposal for consistency with the adopted 13 February 2, 2017 Page 4 Development Plan. Since the adoption of the Development Plan on April 23, 2015, three projects have been approved by the DMCC. The first project involves the historic Chateau Theatre Building, located in the development district boundaries and in the “Heart of the City” district as described in the Development Plan. The DMCC approved the acquisition of the Chateau Theatre Building by the City in the purchase price amount of $6,000,000, of which Mayo Clinic contributed $500,000. The acquisition of this historically-designated landmark is considered key to the planning and enhancement of the Heart of the City district. The City, DMCC and Mayo Clinic have agreed to work cooperatively to determine the best use of this building and a comprehensive planning process and feasibility study is currently underway. The second project approved by the DMCC is the Broadway at Center project, located within the development district boundaries and in the “Downtown Waterfront” district as described in the Development Plan. This mixed-use project includes a 264-room hotel, restaurants, a skyway, and a five level parking ramp with 630 spaces. The project is expected to generate approximately $125 million in private investment and create 200-250 jobs. The third project approved by the DMCC is known as the Alatus Project, located on 2nd Street SW. This project required a modification of the Development District, and is located in the “Saint Marys” district as described in the Development Plan. This mixed-use project involves the construction of an approximately 327,965 square foot, thirteen level commercial and residential complex. It will include 347 market-rate rental units, create 240 jobs and is expected to generate $115 million in private investment. Finally, there are several other projects underway in the initial stages of planning, and are expected to come to fruition in 2017. The status of these projects will be reported in a future annual report. In addition to the approved projects noted above, the DMCC and the City have approved a Capital Improvement Plan (“CIP”) for 2017. Projects identified in the 2017 CIP are as follows: 1.3rd Street SW Reconstruct/Design 2.Broadway at Center Development 3.SS1 12th Avenue Sewer Capacity 4. SS2 Cooke Park Sewer Capacity 5. Broadway at Center Ramp 6. Parking and Travel Demand Study 7. City Loop Plan 8.Transit/Transportation/Infrastructure Management 9. Transit Circulator Study 10.Heart of the City Public Realm Study 11.Chateau Theatre Re-Use Study 12. Downtown Street Use and Operations Study 14 February 2, 2017 Page 5 C.“Actual costs and financing sources, including the amount paid under Minnesota Statutes Section 469.47, and required local contributions of projects completed in the previous two years by the DMCC, City, Olmsted County and Mayo.” 1. Through December 31, 2016, no State Infrastructure Aid or State Transit Aid has been received. 2. Actual costs paid by the City from commencement through December 31, 2016 have totaled $19,077,618, based on year-end unaudited costs. The funding source has been City internal borrowing, which will be repaid by the City’s 0.25% DMC sales tax. 3.Out of pocket costs incurred by Olmsted County through December 31, 2016 total $1,500,000. 4.All operating costs for the DMCC through December 31, 2016 have been funded by the City of Rochester. 5.The 2017 operating and capital improvements budget for the DMCC totals $14,427,642. Of this amount $3,000,000 will be provided by Olmsted County from its 0.25% DMC sales tax. The remaining $11,427,642 is to be provided by the City of Rochester from a variety of City funding sources. 6.Mayo Clinic has provided $500,000 in 2016 for the Chateau Theatre project described in Section II B. 7. Additionally, Mayo Clinic has supported the DMC EDA both financially and with in-kind contributions. In 2016, Mayo Clinic’s support to the DMC EDA was in the amount of $935,000. With respect to private projects, the Act requires that DEED must certify that $200,000,000 of private investment has been made before any state funding may be paid. Mayo Clinic certified $85,708,731 in qualified expenditures for the Destination Medical Center initiative in 2015. When added to Mayo Clinic’s qualified expenditures in 2013 and 2014 in the amount of $46,210,615, the total Mayo Clinic qualified expenditures through December 31, 2015 equal $131,919,346. In addition, there were other private (non-Mayo Clinic) qualified expenditures in the amount of $20,487,686. The Act requires that an annual certification of private investment by Mayo Clinic or other private investors be made to DEED by April 1 of each year. It is expected that additional private (non-Mayo Clinic) qualified expenditures and additional Mayo Clinic qualified expenditures for calendar year 2016 will be submitted in connection with the April 1, 2017 filing to DEED. Attached is the annual certification of private investment that was submitted to DEED on March 31, 2016 (Exhibit B), as well as the DEED certification, dated July 13, 2016 (Exhibit C). D.“Estimated costs and financing sources for projects to be started in the next two years by the DMCC, City, Olmsted County and Mayo.” 15 February 2, 2017 Page 6 The Development Plan sets forth a framework and examples of projects that may be considered for funding in the next several years. Each project will be approved on an individual basis. See also the response to “B” and “C,” above. E.“Debt service schedules for all outstanding obligations of the City for debt issued for projects identified in the plan.” The City has provided the funding required for approved projects thus far, and no debt has been issued as yet. Thank you for your consideration of this annual report. On behalf of both the DMCC and the City, we welcome your comments or questions. We look forward to continued progress on the Destination Medical Center initiative in 2017. Tina F. Smith, Chair Ardell F. Brede, Mayor Destination Medical Center Corporation City of Rochester Enclosures cc: Legislative Reference Library 867428-5.DOC 16 A DATA DISCLAIMER -Destination Medical Center (DMC) Boundary The DMC Boundary is a boundary for an Economic Development initiative and was approved in the Spring of 2015. The boundary polygon was created based on the 'description· of the DMC area. The DMC area was not a surveyed legal description and was subject to interpretation. Please note that this boundary is for informational purposes only and is subject to change. EX H I B I T A 17 This Page is Intentionally Left Blank 18 DESTINATION MEDICAL CENTER CORPORATION 201 4th St. SE. Rochester, Minnesota 55904 Katie Clark Sieben Commissioner March 31, 2016 Minnesota Department of Employment and Economic Development 1st National Bank Building 332 Minnesota Street, Suite E-200 Saint Paul MN 55101-1351 Dear Commissioner Sieben: On behalf of the Destination Medical Center Corporation ("DMCC") and Mayo Clinic, I am pleased to forward the following materials for the April 1, 2016 certification, pursuant to Minnesota Statutes Section 469.47, Subdivision 2: 1.DMCC Certification: I enclose the DMCC certification of expenditures made by an individual or entity, other than Mayo Clinic, for the period of July 1, 2013 through December 31, 2015. The City of Rochester, Minnesota, assisted with the compilation of this report. The amount of expenditures set forth in this report is $20,487,686. 2.Mayo Clinic Certification: I enclose correspondence and accompanying materials from Jeffrey W. Bolton, Vice President of Administration at Mayo Clinic, dated March 31, 2016. Mayo Clinic is certifying expenditures for the period of January 1, 2015 through December 31, 2015 in the amount of $85,708,731. 3.Summary of Expenditures: The summary page entitled "Certification of Expenditures, Destination Medical Center" sets forth total cumulative expenditures through December 31, 2015, in the amount of $153,789,385. EXHIBIT B 19 Commissioner Katie Clark Sieben March 31, 2016 Page 2 Thank you for your consideration, and please do not hesitate to contact either DMCC or Mayo Clinic if you need further information. We look forward to continuing to work with the State of Minnesota, City of Rochester, Olmsted County, Mayo Clinic, and our other partners on the Destination Medical Center initiative. Encl. Sincerely, _,;.,;,,,- � :? I ht Tina F. Smith Chair Destination Medical Center Corporation cc: Destination Medical Center Corporation Board of Directors Jeffrey W. Bolton, Mayo Clinic 833403-1. DOC 20 Quarters 2013 3rd 4th 2014 1st 2nd 3rd 4th 2015 1st 2nd 3rd 4th Building Permits within DMC Boundary (Does not include Mayo Projects) (Updated 3·16-2016 to omit public buildings) Completed $829,770 $2,495,795 $7,036,528 $2,106,466 $2,754,403 $3,383,504 $868,500 $490,000 $424,085 $98,635 $20,487,686 21 ··-"Si,& Type Lsvai I ·----,� DMC Report 2015 Building Permits (4th Quarter -October 1st to December 31st) Completed B\ildlna Permit• (Within DMC Bounda,y, doet! not Include Mayo Projects) Catego,y Leval ''1>iiiii1t Number ��':;'It l11ue-i:r 1Addre11 Info ----·---·· 1�:�;111en-·· jWork Ducrlpdon fie Prof · · ·-----·----------��-----------1�:;:;f Permit !�:=�It -•Mliltl-Famlly -- ·rR1s:ooliiic�2if1w(ffll;ooaea1 1�12 SW 2 ST, ROCHESTEA�MN -r � $45,000)CGml)lett climoiiiicnof ��R CONSTRUCTION ---R�Ail> lloCise" --j'Ffntled--.-1/8/2016 ' J j'55802 J I building R648 jRICK T. 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' I 1ROCHESTER,MN 5591M 1 � 11530GREENVIEWDRSW I , j ------·-- . --I I l . --I co-----· .l���l§.�_tj_��g�_ ·--··· !l ... JM 22 DMC Report 2015 Building Permits (3rd Quarter-July 1st to September 3oth) Compjeled Building Pennit1 (Within DMC Bounda,y, does not Include Mayo Projects) 1 JSubTypeLriel TIIJOIYL8Yel :parrnltNuni>erlPerrnltlsltJ9 /Parcal ·Addreaslnlo · iParn,• IWOlkDe�tlcn !UePffll lo.-10mirn.-JCUmtnt,._ , 1· 1-1Comrnorcill Bldg··---Allaiaitoii ---·· R15·02220B_J10ato 7/1"'2015 'Nto1":' 30 SE 3 ST.' ROCHESTEFt .MN_ ...... :Vokllll:OO,ooo11NIW tonant resllWrant' on°7th fleer (LI. Bulldcore, Inc. _,._ ----NcvaRe1taur111� ---. ('�_ ��15: I 1 5590-4 Votta rcoftop • Plue en HlstOrie 3rd) Brian Moler 6400 Flying Clcud Dr I j / 303S!SE _&1111215 I �_Jlci>mniic:11iBldg-1Altlffl1lon -:-,m:lmica-+----aiMo15,0'ffiif":_ ] foo SW 1 AVE,"stern;..-, -·-,--$S,1Aliilaf1ons-1o·1x1s11ng space (��\l!�l'! � .. ----· -\=1�:· YN �-··---ic ol O 1siiiiifT 1112/20151 ! l ' ROCHESTER, MN 55902 I & Salon· 100 1 Ave Bldg) · I 1��� l.(r;: � !I j I 3 ieomrnarciaiilidg 1Al11riiic,,--:R1�CB 91ier.li:ifsW179el(-101 ECOOERST,ROCHESTEA.-1 $18,000 Re-rco!lngho111 ------ •• lFRlEDRICHs;�o't;" -··1=1n11td ---.•.. 10/13/20151 r �-·--.. .-� -·-:.: ::AVE. ROCHEST!R, MN ij $!1Rlplac1 stapo, hliidri'il and guarcnil on OWNER -�:���E5SS23 . . . :Flnalld . ' 914/2015! I ' ' iesao, . 1xt1tlng deck for oportment #2 5132 ST NW 1 I ' : · I llECif.!',lCY APl,B'ThlgNTS FIOCHESTER MN SS801 I 5 Sign ----,aiiiiniu""---=Jlis.:imis-9118/2015i0055�Sii!'AQP[.iioa:tifsi'ef0,11il' ! 9jalfaiiiii•euc:iiyeLIQUO�---OWNER TGMREACf§f�fE'L(cf --tFlnalld ----R!r.2015· ' 155904 I 438 3 AV! SE j I I I . . ROCHESTER, MN !!!904 ------_-1. ____ l ..... _ "' ....... ·-·-·-··· .. -·---··----····--· ·--·-"" .. --····--·-------·""----·----·--··-·- ···--·-··"'"'"""-"'"-···-------··' -· . -'· --�----- hZMl!I 23 DMC Report 2015 Building Permits (1st Quarter· January 1st to March 31st) Completed eungJna Permll! (Within DMC Boundary, does not Include Mayo Projects) r·--,SUbTVJIIO 1..8Yel --,Category Levol-�mber i:;=t l11ue lParcel 'fAddr9SS Info -.. --------1��::lon --�Work D,_lptlon -·--------···]Lie Prof ---------·-.-------,�::t Pannlt ·rc""9!':,::,a lr,-�Bldg 1P11uwcf'l'ar11a1 I�"'"" ,_,;:gr ,..,,.,'""""''·"'I ,�--.. ..._-.. •. F"��-iiao'fus1bNHoL01NGsLl:<f·--,cloieii lrstaw 4'iii2iifs J . i •P ennlt 55902 Alttratlon• to tldltlr-o Nlotaurant to CO 720 NORTHERN HILLS DR NE I I I I Include a brewery and ber (Grand Flcunds !Adam Kramer ROCHESTER, MN 55906 J t 2 /ecmm1--�� --1R1S-00l3CB ;---119/2015' 1 017887 -ir1������·JJES:::• -. ---11 --. --$500 ;�:� 1�:�.=��ihnny _ __j��i?::9°4-... . -. ��Ii� ----------------=1• Flnaled -----,1 -1118/20151 1 I ' 17595 Konwood Trail ,Suite 303 r I I : l �::: MN 55044 f och•tor, MN 55902 ' : 3 1ecmmer clal Bldg -·j AJteratlcn ---Fl 1 4-°"50CS---; 111S1201s:on774 ·-"21SW1AVE, ROCHESTER, MN ·--saso,OOO,Altarllllcna tolllllatlr-ospace !Bil>------1ALV1N E1BENIKE, INC -.. -.. --!CITY OF ROCHESTER ----F-----111l/2016• . , I !Regenerative Medicine 2980 W Hwy 14 .ROCHESTER, MN 55904 I1 I r902 !Buslneaa 3rd level• c:an,o 3) Canter le, Adam E Blnlkl 201 4 ST se j HCommeniiieklg-+/\ltara�ori'-·--f'HS:Oonca+--:¥1Tr.lofI50iifll2 t 1 flWffl 509, ROCHESTER,--' ---ia,ooof-A1teralion1 iounit #509 (Mayc-cii,iic":"-i�l:::;: SS8!)I ----:l ooiioriii Kanltt ---• iFkiiiiil -.. Mlll!Ofa4 ' : I i I N 5 90 1 IChaner House) = ��f�w t�1ck��J. MN ssso, ! L __ J.__j L _______ . . .... --·-.. ---··----·-.. --------------�!:!��!�f'l.�-�-��Ql ______ -------• IM!,i!OO 24 OMC Report 2014 Building Pormits (4th Quarter· October 1st to December 31st} Cgmplelcd BuJlcHnq PtrmHa (Wllhln DMC Boundary, d08S not lnelude Mayo Proje�ts) l&ii)T� -�t.averyermltNumbe�armltluue ;parce11Add1N1lnlo .. F'ermlt --WolkOescrlptlon ___ llcPraf -------To.vr,er --·-------cimintPemiirrumiiiiPl!mlt l . 1 )camniiciifBldg ... '.New ·--··-·-�;�scii ·-1 ···.,'!1CJi2ilio14\�:=-rl o iienr-· ... ----····f!!':��o;oo�'iiiiwt9nant 3, 4 i 5 lioort (HIB1orlo 3rd· SCHOEPPNEFi.'INC - · -�fTvcIDilffl!Tll.0° ------11�, iiiuid .. &Illus 0�01& ; j i I , 1oun�Seooer) \�����iPPNER �cic���:�:� l T]coiiim&tdi(iiiitg-·· �iiii«iiicii, ____ Tiii�mi1 . r0!1M0i-f-lo11ai7-·�oos\iffAVEJ;°STEi 204;---··----f-·--· ss:ooo:Sti,i'ijje'u'nii8-,ot1ood cou·ii 111niint1TFfiit ����sri:�. MN S�Dj 1'Ba1i1ya, Lre--. _ .. � -i·-,liiii2J, j ; \ R:XiHESTER, MN Ss.ot Av1nua Food Coult) I PO Bo• 143 ' i ' i jKuao,,, MN 55944 � Comiriirciil aidg "JAiia,aiJori -----"4i4-03S5Clf 16114i2Q141011555·-· af2;s SW 2°ST, ROCHESTER, MN -. ·s12S,001ilntiiiloi'rimoc111 foraccetslble roome,' .• BHI Contriiicws ,Ro00ncy Hotel M1111goment c ofo liou1ci"'l 412iiaots · ' l _ '65902 broaldut room, •leclrlc:al upgrade ""'""' .Jot Bernhard ,3211 Senco,e Dr .. ;�-""' :- � - - · - r ·--+· .. ··= .... --.. r .. ..1;;;;.==:,_, ;:.��:;:. ---{;.-:::.__. --.... -+-,,,­�-.--1--;... �,.,..;.,,-L ......J.,,..,-:J:l/""'""'"""' � ,----,�-®"' ....,,_ :'!.':'"-- - - ---�,,,__ --____. T--....,, 0 � ... -� ... ;, .... -+l. 11N201 ,j079n4 =�SW1AVE,ROCHESTEA,MiiCll--sso.ooo\�=��oo��=����. �lf&k�,::-----·i.o:;H::: .... ----�naltd -"j ·-1;,am1 I I t . , J , ·Acceltrator) ���:�66901 IFIOCHESTEF1,MN 55804 11 -rt ccmrnoriiiiiaiiij--·�----lff4-<l:!"e3cli""' -w;l11134]1".iofwt2sT;Flocliiti•"6liem··1-143,1e1 �:����;H-::;l�oWNER _----- ..... -.... ..-'tl�:.t�:·;saoe .. ___ -T,1ca1i:rliiiiia - 1 --l!l2&'20, I 8 Commercial Bldg ,Alttrlllon Fl14-0384CB 11112/20141025717 /717 SE 3 AVE, ROCHESTER, MN $1!5,000 AltoniUon1 lor otflcl-on lowwr and /MCGOUGH CONSTl'IIROCH OFFICc Olrrwtld MIClcll Cantllr IC of O IUued · -·ai8/2015 I 1 ; I 55804 main levels an north 1ldo (Olmltld Dan Mllfbootad 121 O 9 St SE 1 ' 1, j Medical Center) 355!5 9 ST NW ROCHESTER, MN 55804 ! �� . 9 -�ominerclaJ Bldg i'Phuiia F'ar!llf IIR14-0348CB 11112/2014+.102li717 7i7Si:i':i'A\iE,"AOCHE"STEFI, MN I --sso.oooTni'iiliii'iiimoiraorilar'luiuii'iifllc9'iploa-tm-������FICE lvllCIIIY Coib'f Building of Rocliiitir ICloHd I : i !Permit 55904 11(SEH -Vaggy Auoclllll) loan Mllfbolllld r?o6 1 AVE SE I I 1 3555 9 ST NW IROCHESTEFI, MN 55904 I I STE 100 I ro CommlrclaJ...., Altarallon 1111712014[01 """'••3 A\IE, ROCHESTER, MN I -,,000 New raofTop coaler equipm (Zumbra VALOR MECHANICAL INC ZU'-IIRO EVANGELICAL Llffi! -"-· ' �15 1/29/2014: ·, �--1·-·---l.. --= -·--�-=--1 -·-·--·iiiirti . !'!OCHESTER.,_MN55901 I I I r Evangelical Lulh1111n Churah) lY BESTOR /CHURCH r ����Lfr��R��wArn i:�tfe���� MN 55 I 11Comrnarclal Bldg -IAl!lrlllon � 11'.o:!&Tcs---n-!21120'1'4101.uii! 30 SE 3 ST --·$330,000IFrldCaiiioii dlntalaffice !ram wtiiiiiiioi �iNraeiiKE, tfc� � rid cartton _!m_ __ --aor O IUutd I 8113/2015 \ 12Teomineic:iiia1c1g-·iA1111ra!fon ·-i;1F114-0401ca· 1-·-1214121lJ1014442 ,30SE3ST ---·-· ... 1 • s,.ooo.ooo!:::�:nd�::Hlll=l5:i;1it�55901 -·----::°::�=�904 ·----foioiuutd -.1---51i3iio1e \ J ,lnfr1111nJcture (lllllu, Conoopt FIH111Ur11nt • Brian Shlllhon &IOO Fl)/lngCloud Dr ( 55904 1aYtl(SEH·Y-Allocilll01) D1nMlltla11ld 7173AvtSE I � I I 3555 9 ST NW ROCHESTER, MN 55904 i , STE 100 114lslgii 1Buslness �[......J"'"' '"'"""'·-·"' 1 -......-.r§ji---·--�.�""'''"'°'"-"""""" jciiiiid-4/'17/2015 I I� I F ' --I-----'----_____ L _ _I.. �t����;::,�70R I l __ 25 DMC Report 2014 Building Permits (4th Quarter -October tstto oec,mber 31st) Cqmp\eled BuUdtnq PtunH• (Within DMC Boundary, dces net indUde Mayo Projects) ; 15 l6���-�-�� .. �_!fff�Ot52��[-t2M014i0791rso1�vH20.ROCHESTER, ! _ S5,iioo ·waK Sign to replace pnor cwnerl�remer Bank) fl� 1Wl'llcR .:Bremer B811k Flnlled--r ---<ilfsiii151i8555 Eagle Point Blvd j_LaJcaElmo,MNS555042 ______ -···-----------J _________ [ 26 DMC Report 2014 Buildi"1J Permits (3rd Quarttr - July 1st to September 30th) Completed PullllloP Pcnn!Ja (Within DMC Boundary, does not Include Mayo Projects) (Report updaled 3-16-2016 to omH public buildings) .subfw,eLewf ;cllegO!y!fflf �tNumbar 1Parmltluue jPan:al Addrlulnfo ,Pe<rnlt r:Wor1<Dncrljiiliwi ·· flcProl 1°"'1tr jCunentPermitlCunantPllfflil I 1-COmmlrcfal Bldg. .. "]Ali.riilori--·-··,R14-0208CB .... [DIii '. 7/i/201:Ci�=--·" 31 0 SBROADWAY AVE,-----··· ·1 Valuad'°4"90,000 f1nant lfnTilITriiiiiwl,Ttiiio""i(Liiiblti:ir --ALVIN E BENIKE,'INC·-·--··---;CnY¢ENfRE ROOHESTERLLC--:.�':\"� IMued Statua1::Z1} , 1 : · J ROCHESTER, MN 55904 , Media Grou� • Main i..11-0lty Contro Mary E Ktol-kl ,2227 7 ST NW 1 I J .,· I I Bulldlng) 2990 W Hwy 14 !ROCHESTER, MN 55901 ' • · !AOCHESTER t.t,I 55901 • 1 2 ICommerciafBldg :Alteratton -·-IR14-0258Cll ·--·-·· 811/201�018487 --"407NW 2AVE, ROCHESTER, MN-I --s12,oc,oli11o1avewall 1tbalhroom& office remodel, -�onald FCart�n ------------,COI.LINS,AANDALL A ----------·ICotOIUulld ·t-----,1112iiiw -C I 55901 'i 1nowrumaoe(ColllntFaed&Seed) Ron1ldC1�1111 '4112AVE NW !' -+ I l .! 2525 Sclluator Ln NW !ROCHESTER, MN 55901 , : 3 iCommllR:lal Bldg :R14-DM9CB 815120141 01me 18 SW 3 s'r.ROCHESTER, MN � $15,3ClilNew litn11s studio tenant (S tudio-on 3rd:-1isl��::�1 iSuah PIICChtftl -----!ilint11c1 11/5/20141 I L I I J55902 , IMen:hanll Exchange Bldg· Unll 2) !Josh Slllka :930 a Avt SW I 1" Comman:1alBldg ____ PhUodPartlll !IR14-0314Cll_r· 8111/20141.� i�ff ...... �, ..... � i--• .,,L..--... ··--.-S�:---------l='· .. --------�:+---,,-,1I l,,ennlt , 55902 1 11oe><i11ingdlnlngaru, bor1n>aand :·· I ·1820SAve SE :, � .. � ....... i .,�,...,..-·1::�""·""'__....L,,.,;:;;.::::�,,,""""- � ,..-:,.-. .... -... .. , '. �--... ....... � ...... � --� "'"'"""""""'"' l ......,i,..-·---'" �.....;::,,. .. _ ; ... _ � ·-1 �7 �j mman:1a1e1c1g IPhuldPartlaJ .. 1Rlo1-oosica 1L--8/271201401#42 :;35y--------1 "'-st,soojoo�:rr;:d:�:::::::u"we1seu1LDERs ... -·-----j�§;���·----j�oio�iood .. ----M1W018 ' IPtrmlt · ) l[roughout:plumblng,eloctrlcalend ScottSonsko 1221 1AVESW#3DO , 8 _11........... -1..... ...J.._... r-.,,� •• Q .. --.... , ... "°"""'...L -... 1s1:rai.: .. ��iE::i:�·---= .. ------_ . ·-· f · 55902 j St SW) Steva E Bianiel< 10 3 ST SW IJ J 2980 W Hwy 14 ROCHESTER, MN 55902 I · i ROCHESTER,_MN�8590=�1 ____ "===, , , J PO BOX S48t ROCHESTER, MN 55901 I ROCHESTER, MN 55903 -,i"lRe"'"iidantlalBldg jA!terat1oii---·tR14-1046REl01 -···--a17r.zoy oiiil3eg 207 SW 5 AVE 1203, ROCHESTER, -··-· "ffo-:000 nt.forrimodlt of oondc: ldtohee�liaiha7° l<EYBUILDERS;-INC·---·-·-·· 'viiielR'i!ii<E' ' ------J!frii!.;r-" j II/IB/211151 [ MN 1511902 I ma, otooltl. BRAD CLEMENS 207 5TH AVE SW /I 7&40 LEQUE DR SW #1203 __ _J _I I . E_�R,MNQS ---��,MN S5902 I ·--______ i St,7114,4113 27 DMC Report 2014 Building Permrts (2nd Quarter -April 1st to June 30th) ComRlfted Bulldina Permjta (Within DMC Boundary, does not Include Mayo Projects) (Report updated 3-16-2016 to omit public buildings) , . Sub Type lei/el Category Lovel Pennlt Nymt,or,Permlt IBSUe I Paree I Adcwess Into PemilrValiiiiiion Work C.scrlptlan : Uc Prof !Owner 1curnant Pannft I Currant Parmtt 1 h .. Commercial Bldg -,Altoradon -)!14-0109ee···jDate '4/112014 ��";g� j140& SW 2 ST, ROCHESTER, MN Ir-·····--$14,521[Alterationsl WlndoWs -Install (8) Insert ""VtYAN WINDOWS & S1D1N0;1NC ·----,BRENTWOOD ON 2ND --� -·1 8�� j 1 155902 1wmc1ow,C11Stom1lzed, 2nd&3rdflO<Ka Bruce Ryan I� 2STSW J I ! J , '.Bo• !5937 ll!TTN: AMY SULLIVAN � 2 Commercial Bldg :Alteradon R14'0Cl4aCB J -4/3/20141 025249-1-ioo S BROADWAY, STE# 105 , I W.o6offi:n1nt fltup on main level (Clmbrla -���E����� :e:=� MN 55902 jFnlld I 8111�4\ I I i ;ROCHESTER,MN 55902 1Rlvlllld1Bulldlng) =�t�"t", l����p::!.��1553"' I i J l � =�M IIAltlradon. ··1R14-0130CS·-�·-1111112014:014:112 �::>ADWAY,R OCHESTER,·fl. --·$800r:,,w:�::r:a.: .. -::s:� i��:�E�������RUCT�==���adw&y --· -rrn-·-"'·1 ······ 4128/201� I I II I STEVE E GENTRY ROCHESTER, MN 55904 \ r � J l ; l23077STNW _J I \ 1coirimen,;a1 Bldg +�jR14-0122CB --4i24/2014i017 7121rosw:iWE;""FiocHESTER;i.Jlr-$15,000illa!ber shop rtlocailon fl<it,TeiHospltally iBTE�f:W:SO_l -.�.· . tapitallty Group !IC ol'!fluutd Jl I I I I leeo2 I Group • Subway revel) Jioa HIT SW I ii-j�Biiij-.. Atteniilaii .. --�,.....,. l _,.,,,,.., l,,,...-....,oca""",M'. ••"""P'iiwianani1niiiiiiini11P111»(Frithena· it<EVeu1LDE.Rli;iiiic"' • ---«c��a::s �-u-/co1011iuadi-· 7/30/2014; ! i55802 ,Manion Slttway leVel) !BRAD CLEMENS 120 2 Av1 SW ; , ·''ffh1i:lo14/ 1 I I j�# 1;ouE DR sw IRoch111er, MN 55902 [ I I , 1 ---�STER.MN 55902 r .I � e .1commerci•I Bldg IAlllraUon R'"i4=l>142CB 4/29/2014017882 1150 S BROADWAY, ROC HESTER, $2,7BO'Flrst floor conteronctt room ofiiina 'wiJ�i'fu-cf10NCOi1AB6RATIVE l!GD5 HOTECitc FNled I 8/15/2014 11 iN 55804 . replacement (Double Tree) 1Grant Mlchalletz 121 23 AVE SW # 105 , 1 j I ,320 S BROADWAY ,ROCHESTER, MN 55902 1 -·. . .... --��..,,--1™�"'·""'""'·� , ..---.. �--....---·----·--il'iosst,MICHAEL ---fi:i�-·--� ja"comme<cla1Bldg -1PhuedPalllal R14-0179C � �1\:�::BROADWAYAVE, ------�. -----.r2,soo::::::�wtthUGt1�. 1AL.VINEBENl<E,INC""------,i��:e:cTstt�c �td-4--IMM01� . Pem,lt 'jROCHESTER, M N 55904 •p lumbing, no ttnant llnlshes (City Ceritre . M•ry E Kl1llewlkl 2227 7 ST NW L.. Building) �tt ��!K)1 ROCHESTER, MN 55901 r ' 19 ,1eommercial Bkfg Afiiiiia'on 14-0f39C8 ll/9/201410lm1 -k SW 1 AVE, R� f/23,000iAtmoval of axl.\ing portion ofliyiiciig anil l<N=CONSTRUCTION U'nii'NK NATIONALASSOCIATI?iN"" li!cio luued 1001/2014 , [ 1 \55902 drtve-upcanopy,inematrernodtllng(US DtrtkOConnor 2BOOEastlakeSt t--. I i Bank) 5985 BANDEL RD NW Mlnntapolll. MN 55406 � Corrrne<cla!Biilg Aiieiiiion , -811iizli1i01790rll SW 4 AVE, ROCHESTER, M N l880,0001Remc.lol lowar lev1l -ODay room, ������t�O f HURCH OF STJO� Ir of O tuulld &'18/20151 115902 kitchen, re1troom, slal1W811, alavator; lDan Pllzga 11 4 AVE SW I 1upper levtl confartnce room, fir .. lde 12227 7 ST NW HESTER, MN 55902 l ,room, ra11don1, 1tolrwtll: and main level ROCHESTER, MN 55901 � building llntnlneo, Soulhsut church I I �1-qMulU-FamUy Bldg "" I ----'!R14·0020MFB ---&',-/20i4009428-iofs'i{ii"AVE, ROCHESTER, MN ss.oooiE:�$��m� .... lEXCEPi'ioNAi:·c6Ns'i'R(jj"tio;;i, INEI.SON,CAIIOL M 1Flnalecl ·-r---,;,-8/201�1reoz "ltnsteld ol lti>. REMODLELING LLC 207 5 AVE SW# 1005 1 I I h I DOUGLAS K BATZI.AFF !ROCHESTER, MN 55902 I I �H��: ����T NE i-51a"jiiii-a ,,�- 4IW2014'01iiliii---NW 3 AVE, ROCHESTER, MN -_, S12,ooo1wati"Slgn(Fiuhln'aiiiiiiauran1. Kahlt< OWN�--------� ilQ:,apltallty Group -�,) I ' 5590 1 :tnn&Sultet) j!!)U,"'SW I I (l:'floftall\ll!'LMl',I 55902__ I,.1:-.... IAMuom-SW iif.fialrw11t1lgn(Kahlor<lfand-DunklnDonuta)OWNER 3 .. UNST� --f 8117/201', 902 YANTIS STE 3!50 + isiJi�----tl'l"-61ieis . --r-ii15i2o14:ooillo��W2ST;1i!OCHEBTER, MN -""'$295!:1:• sign -Nlurologlcll Recovery]OYiNER ���:i�:!L.._ � 7118.'20141 -----�------�---------' --··--____ __1 _______ , ------�. MN5597B .l... ---1 "·-28 1 ,s 1sli,,-­ -L .. DMC Report 2014 Building Pennlts (2nd Quarter - April 151 to Jun, 30th) Compfeted Building Permit, (Within DMC BoundaJy, does not Include Mayo Projects) (Report updated 3·18·2018 to omit public buildings) liiiiihiia--r14-D05'IS--·,--si29/20141017911 115 SW 1 AVE, ROCHESTER, MN . - ··sf.eiio\Prajectlng ,1ijn'(i<iiiii1r Grand· Dunkin 10\YNER · i !55902 1 Oonull) 1 __ .__;___ _ __ _j_ ________ , ____ --···· ·-. ----····--------- . 1SlJNSTONE KAHLER U:C j 120 YANTIS STE 350 --------------.]�IS VIEJO, CA 928S6 G,1� .etolllCI &'17/2014, i ; =-·-·r·------- l.__, - ·-··-·-I 29 DMC Report 2014 Bolldlng Permits (1$1 Quarter-January 1stto March 31st) compfelfd eun,Hng Peun!II (Within OMC Boundary, does not Include Mayo Projects) -·-··subTiiii[ive-1--Cll�I !Paniili'Numlle�IBIU8arcel �sinto -. --,pa,rnjj ___ °!'NorttDncrlptlon ---·--iLlcPIQI --··---··----,oimir----1euionii>.,�imantPamiit ! .. , icamm11Cialiliig-1Mnilcii"--·1ri113-0431!()1! •• IP!!!.T� Mf :;-·-·'; 11 s BROADWAY.' ROCHESTER, r!'!!!!!,.a.iioii:Nniieniriispaoenl up (CltyWinoi =····-LRELIABLE CONTRACTORS, (�C . 'iil3o 5 C'i'D ISAATNi!ASHi�iA -:�,� liiuecl · 1811!1U• °Lo,i I I MN 55904 I 'UnlversltySqu1rw-1stllvtl) 1:���:,o:J :����R, ....,55903 l i � ieamrnerclal Bldg -;Alteration ---. !R13-04!0CB .,---�014308---:: �:fADWAY, ROCHESTERES27,269 �:m��r •�lattng space (Canvas & -ra����$5g�RATIVE t:i�o���fo��y A ------.. 1c al O lauld -3-·:.CciinmerclaJBldg' [Afrion-----�Ri�B -·1131J201I-. j!I NW J°AVE";'ROCHESTER,-�--· -. $25(,;cxio�twni ipeciii111ral!on to ratautanf . ·fl����ER, MN 55904 • -· ��=��:------c:"cilo luuod· 1 . limloi:.1 ... ...l .. -·-·--J..·-----··-· , ------_I ™"J 5��1------. ----l�����-R1111JJrant-Kah'.�'."��-.. -- . • . --·--Ro!.:�NSS802 ------... -·· -···· -·-4 icommercial BldQ fAiterat/Gn 714-000908 I 2/Bic14}017912 ;20 SW 2 AVE, ROCHESTER, MN $31,000,Alteratlona lor nawtenanl on mlin level !,KEV BUILDERS, NC UNSTONE KAHLER LLC ,c ofOlaued 414120141 :ss902 (Kahler Grand) Cll)llcal Flarw ,BRAD CLEMENS 2 Ava SW I I 7/18/2014; 1 1 �MO LEOUE CR SW Rochnter, MN 5SSll2 -5""JCommerclal Bldg ··--rAlttratlonjR1�2iCB I "3151201L2s:z.&9"'"'" '.coo. s BROADWAY, ROCHESTER, -sioo,ooo�W-alilnslallation lornew. ��,""'-�.ES.·. 1:!.�.· ::i:�..LNI RIVERSIDE LLC ---- 1Flnal11cf" L .. 7,21',!0,.J 'I ,MN 55902 abl \�oug Pttnon O BOX 807 j l •':�..-�,-.,,ca j -�•"";',:lo=,�,:::----6:�=..,..,..-ik..,,,...:;,;·-----tn-lil(j----t·----�oii .-7 ieomnwc1at Bldg IA1teratlcr1--J1 Rl�il 3"�14!017911 Ttsw 1A"VE, ROCHESTER, MN- ialiS:cioo�ow coffee and donui 111op'1iito iiiolliig" SCHOEPPNER, INC .. -. --�·��=-��re .. ---· re otb tuiiid-----iim014 , 1 ·55902 E 11rttt l1vol (Kahler Grand -Dunkin BRYAN SCHOEPPNER 120 YANTIS STE 350 .-r_ ... t-t---·-.:·--=·"·'°'"'""'· .. ---.... -,;;:-:::.=� 1F�=-"' =:r;:;:" .... _ --r·o-·t -,,_. ! • l"-"..,l=,_ tm«»a·· .,,,_;,,..,-.,.,., · --"'"'====�?.'��":'.'. i,;;..��'::_---··rco10·1so·uid--·1--imii1s � )Muld-FamltyBldg" �Iteration -t14-0004MFB; 2/19/201�01'1969 :22NBR0ACWAYA;.JVE, sa�ti:7�:::::����orMtd ��i��s����uc� c:H=:E�=ES·PARK' ... �I iiiiii--�311112014' L I I •ROCHESTER,MN5590II outwallswlthloamln1<1latlonard RYAN SCHULTZ 1059EAST900S0UTH •1 --• I --• i -· ____ L__ --- -·-· --.. lat.wack (ParkT:'"") .. ______ ����E-LTLAl<ECITY,lfTB4tOS __ L 1BuliMU �00119 I 2N2/20�j1ffi2 '.:=2 ����STER,MN S10,900l�����:�-o�E��� _:_ ;.�:��:_-_-_-_-__ -_j-+jci�.---_--4141i1D14l P'� 30 DMC Report 2013 Building Permits (�th Quarter· October 1st to December 31st) eomplttfd aundloo etanil• (Within DMC Boundary, don not Include Mayo Pro)ec!s) ..:i. r-LSubTypeL.avel "icaiagoiyCivir JPetmttNum6:JiiinnttlHuo [P•rc,1 · IAddroHlnlo · ----� ··,Pormlt" · workllHcrlptlon ---·-- • .. ·. [Lie Prof . ·----�-----·iown.;··-·--------·---TcuiiiiitPemPcu,,.,,t·P"imiiti ' ' I.......... ,-I'"""" 1-·-f':': =""'·"oc"""'�i'"O::'t;::..,-=�-=�--e=ON -m< 1=,��i:-:;-i�·::..· \' �-.. -�-1R13-0f53ea·· 101212013loome····4. ��Wes"r,RocHesteR,MN ·+-·SS5,ooci"E.•:;;f..':".::.':.-e�=.....,.,,-;;;,;," "'"'" ---�•••T-,._,j :fTeoriimirc111aldg"'•· :Alinuan· '" R13-o348CB 10/29/2013la1m:i--t-svi'iisi';·s'ru300-,---t-12aa,oooE��==:.;-a.-rii,rc1�1c-unff""#300--��:f�sa04 __ _11·::::E;;E;�i�" .. ·rco1oiiiuii"'1"··-··"1ROl2'c1J[FIOCHEST!R, MN i5S802 �Btua Slty Dental· Marchant& Exchange) ITodd Se\l9!1on �57 29 ST NW SUITE 200 ] )ii\iiation Ff1�0392eif I f ,2227 7 ST NW ROCHESTER, MN 55801 201kma·-f · · Exchange Bldg· Unit 2) I 11155 1 Ava SE Suite #9 l 85902 � l(Zlrnmerman ollloee • Mlfchantl 'Jo•h sntka 115112 Nonh Broadway l5 }ciinmin:lil B�llkl.,-li\13-03511CB�l 11/i<C.'201¥17854 '\:W"1 ;(vl:!7'FfocHEmi'i;1.IN I ···$&3,320 �=6: �: :.����!�rRS, iNC �?i�!���----· ·-· -1�oro1iiu1c1 +--. -1iilici' 1 I 110 Ave SW Suite 102 e ·1eommerolil-_.. ..... 1Aiintloii .... l1Hs:o.i3scB I 12/1&'20131017882° fisciilililOADWAY,ROOHEsi'Eii;"'l""-·s14,ooor.Miln-lffll.i1tiiat1onitorgiitahap----��r�ills;INC----�or�r!t·��55902 cafoiiiiiid"J __ -· 3/1ffl14 N55904 a!Hllklll-Manor(DoubleT1NHoiel) FtYNOR DINE 12123AVE SWt105 \ I . :���:rv::.�N 55902 ROCHESTER, MN 55902 I I.7 IMu!U-Famlly Bldg " -eel Pa�1a1·-r13-0054MFB 10/B/2D13 012778 -·-9 f!lN 1 ST, Rachostor 155902. ··r-$1S0,0001Fooiliioa andFaundatlon walll lhrough �. l<EY BUILDERS, INC.. . MCSHAY UP ---···---� Flnlled 1·· -WV,I014, I . . Ft flrat leYII, no precut, partial phaao parmltfFtlAN MOSER 10873 VIOLA RD NE I r 20·unlt 4-atory apartment building (The 7700 AJA COMMERCE DR SW EYOTA, MN 55834 I_J_ t ltlan111) =H�TER.� I 1 8 IMiilWamliyBidg N -,Miii! S 1 ST:Fiatiieli1rM902 -+l-.."".-.-ln::tw=20-.:u=n'<'1t·4 .. toryeiiiimeiifiiu11dtng IKEYSU1LDERs.iNcr�· Topelan�LC-=riiiil.a-1�014I With ---(Tho Lofta an 111) '8f!IAN MOSER 4057 llll St NW l J , J 7700 AIR COMMERCE DR FN/ Suite 200 U 'jsre, A Roohaatlf, WI 55901 . _ROC��!E!l,_MN558 -��� . $2,cas,795 31 OMCReport 2013 Building Permits (3rd Quarter -July 1st to September 30th) Cgmpletld ButkHng Permb• (Within DMC Boundary, does not Include Mayo Projects) (Report updated 3-16-2016 to omit public buildings) • iS!bTypeLavlr \Catagorylo,,'Oi -�Ji Number �llffl'IIIHUI IPll�J-Hlnlo. .. . ... . . 'Pennlt ... ,Worl<Oosa�n . ·1LlcProl 1°""9' ..'¢unentl'elm� CUrran!Pllfflll .. . . rteommiiiciaTBiit,i-!AJtaiatiori-�:itcil ... -. j i:,!l!!-... 7iai201��!_ r•oifsfisr: ROCHESTER·; w:r---"-"'-��-''fe:55ll�inieiior iihiiiaiioiiiiiiigu-,OO!cn (Hoiiday • Holiday Stote ' .• 1Hiii1c1ay·m -:�,5'fiiiild Statua D:n\izo;, 3 ,commerclal Bldg 1Altaradon 13'°133Cil 711712013 014309 315 S BROAD AV, FIOCH , j $4,000ITtnant itup (�.... cllee and Tea O ER Ch ristopher Holoway .. . · naiad . • .. ··128i2o13 ------! r-·-·-· 155�------··-·--�·-2���--·-----: . . ��s5r�.MN 55902 I 4 1Commarcial Bldg ,Phuad Pllllal 1R13·0231CB 7/1712013 011554 217 SW 2 ST, ROCHESTER, MN 1 $25,0001ln1orlordemclltion cl llcoring, celllngs and KEY BUILDERS, INC Tonic, Inc. Cloald I 11/!5/2013 !Permit I 5902 ! iwals lor a new restaurant In txlotlng BRIAN MOSER 12172 ST SW \ 1 I , space (Tonic) noo AIR COMMERCE DR sw ROCHESTER, MN 55902 I 1 {Sea also ftl\4) pam,lt #R13-0230C9. STE# A ts-rcanmorc111 Bldg -··F'8'811on r3--0182CB "i·-· 7/23/2013 017887 -����,JJ���· -·--.. -·&.oooj;�:"F!:�'sPhilySandWlcl! -100 :::e�A�2°902 -·-·---·-··· :'s ':i"n..va11ey Rd N E . ···----1c of O llaued1 .......1111/20131 . .r-... +-I""-· +-�-, .... �=-"·--�;;:=-1i��":""--$�--1--, -,.....J ': 1 lcanmaraalBldg IAltaratl<ln T13--0230CB + 8/22/2013 011554 j1217SW2 ST,ROCHESTER,MN 11 s100,00011 nowraataurantlnexlotlngspaca(fcnlo) �;:����r.�912 1'¥.;:.�.::.KE,IA�_ /corOlllued l 11/8/2013 I .'81902 See lntenordemolltlon p,m,ltffl13· BRIAN MOSER 12172STSW r I STE#A I I '1 I 1 J_1C231CB noo AIRCOMMERCEDR SW �HESTER,MN55902 I I [Trecmmerclal Bldg 1Al•raticn --r-,·"""'1--.. -.. ,.., ..... ,.,... ...... ---+-sii,oool:;-1nintiiii1ih (1�Ccijjlf:· ... ·-�����it:1��� NFmlPRESS --'-d' oi O llaued. 11 -·'"'fiiii2ol!. · �HESTER, MN 55902 NiA'On Expraaa • Ste 208) 1N1my Kana 100 1 ST AVE SN I ' I BPCHESTER MN 55906 I · a ICOmmaioiil Bldg �.----aR1� 1111&'20 ,-1 SWYAVE;llbCHEffil(MN $4ll-;ioo/Tonant finish (1iil,';i'iiciiacot, • !ltHOEP�R, INC Ann Ch&louMla ----/co.-Cfiiiiiiof ·--1-0/Zlr.11113 1 1770 75 ST NE il:loc:HESTER, MN 55902 i I j'SII02 . IEasonllal Juloe Bar· SUiia 202) JBRYAN SOHO. EP. PNE.R 3985 S.rl<lhira Rd SN J 1 _1 I ��H��EMN 55906 lochastor, MN 5!!902 55802 ' !Bros I HD1 Pot-Suitt 201) I��� �H:PPNER ;:::; HIiia Dr NW I 10 ]Ccmmtrclil Bldg rAllaiilfon • r'"""" I """"'1D17887100 sWU'O!, AOCHESTEA. � seo.ooo,T1111111t fl"lsh (111 Ave Foodec·� !SCHclEPPtie�'iNc"""""·---� re ol O llaued 11121/201:S lROCHESTER, MN 55906 !Flochasl!!'.,_MN 5!ill01 � . 11111iiifflf 12778 l•iffnlw'1 ST. ROCHESTER, MN $1s;ooo Dtmelltlcn far the Lalll Apa,1m1111 \KEV BUILDERS, INC MCSHAY uJi Flnaled &'29/I014 BRIAN MOSER 10873 VIOLA RD NE noo AIR COMMERCE OR SN EYOTA. MN 55934 l . ,�;;·" -..+. � _____ 1 __ � __ 1 ��...i_ �-� ,,,..,��==�.=--+ n;;s.-·--·--ii\Tnd1iooii��sreR ,MN 55902 ElR'orr:fE �� ::c:::::: �=---'..�-� ....... 1: �::=:.:+.:==--· j=·�-.. -5;;, ___ ,: ____ ·�=ii"t'"""'� J::=t�� -��·, .. -� .. ��� .. �1 k-==f�---���:. --r-----� 1!111 32 DMC Report 2013 Building Permits (3rd Ouaner -July 1st to September 3oth) CpmpJtlfd ByHdlng Ptllllllf (Within DMC Boundary, does not Include Mayo Projects) (Repan updated 3-16·2016 to omit public buildings) -10/M/2013!'.15lliaoiiioiiiiiiii1cig . /Aliiiiilon ri:i-11ilr1m I 918i2o;lllticiiiisi-· 112··sv{5 AVE, ROCHEmR, MN-.-·--··si.oliii'Afti<ailoWNI-· r11move 12)ei(lat1i,g leoe·s CONSTRUCTION INC --1Bl!RGSTROM. RACHE�A -��Fini.led I I l 55902 !window (double hung1), 4 lnlltall (2) now !JAMIE STAUDACHEA 1824 SAVE SW \ , , :1o,gleca11rnentwtndow.stomeetegress 4008 HWY14E ROCHESTER,MN/55902 : , .. \-,.� f.--1 .. �ffl" T ��··-1= ... w--. .. --..... :::::.::-.:.-�.:""�-� --F��+--t � ;:.t ----:,:·t:--1,-::·1 b::·::::! -:::=t: _________ ,�£:::--_,__,!i ' 1'"'11" I 58902 I I Place) l 420 5 AVE s STE A I . I I I -l I LACROSSE.Wl !We01 i r f,Tfsijjs1gn-----'.eulllnau --k�t§!f" I · .,..,.,.,.. --"' i ----"""'""" --lo.,., """""''''"""'""'""/=if ,,_,; [ L i-i 1 1 4205AVESSTEA \ L_j__ I _____ _j__ _j_ -- -____________ :_ ___ I ________ ,�--�LACAOSSE,Wl 54801 ·---- tlnl,ffll 33 This Page is Intentionally Left Blank 34 MAYO CLINIC Cry March 31, 2016 Katie Clark Sieben Commissioner Minnesota Depa1tment of Employment and Economic Development I st National Bank Building 332 Minnesota Street. Suite E-200 Saint Paul, MN, 55101-1351 Dear Commissioner Sieben: 200 First Street SW Rochester, Minnesota 55905 507-284-2511 mayoclinic.org Attached with this letter is Mayo Clinic's certification of qualified expenditures of the medical business entity for the Destination Medical Center (DMC) initiative for the period starting January 1, 2015 and ending December 31, 2015. The amount of qualified investment for this report is approximately $85.7 million. Overall, Mayo Clinic expended more than $250.0 million on capital projects and equipment in Rochester in calendar year 2015. Major projects contributing to it include: Domitilla 3 Modernization, Saint Marys Mary Brigh East Bed Tower Expansion and addition to Superior Drive Support Center. Again, Mayo Clinic is taking a conservative approach this year when counting eligible investments and expenditures for purposes of meeting the DMC investment thresholds. We look forward to working with the State of Minnesota, City of Rochester, Olmsted County and other stakeholders to strengthen our economy and further strengthen Minnesota's position as the world's premiere destination medical center. Thank you. Sin.cercly, , �/-E ,V� i �.Bolton Vice President, Administration Mayo Clinic cc: Kevin McKinnon, Deputy Commissioner Economic Development, Minnesota Department of Employment and Economic Development 35 This Page is Intentionally Left Blank 36 Mayo Investments: 2015 Submission Total Expeditures Total Spent as of reported for December 31st Project/Equipment Name 2015 2015 District SDSC Expansion Construction Only 17,450,422.46 20,930,906.74 Outside District Bed Tower Modernization MB east 11,053,196.76 14,839,697.91 St. Mary Place Domitilla 3 Modernization 6,048,206.11 6,567,649.66 St. Mary Place Neurology Renovation, Mayo 8 3,764,497.03 3,764,497.03 Heart of City GE; DISCOVERY MR750 PET (Assets 149876, ,150145-150157, 150668-150670) 3,698,538.02 3,698,538.02 Heart of City VARATHON MEDICAL; TRUE BEAM (Asset 162800) 2,895,908.00 2,895,908.00 Heart of City Saint Marys Hospital Chiller Addition 2,623,112.47 2,964,932.31 St. Mary Place SIEMENS; PRISMA 3T MRI and Accessories (Asset 157677, 157935-157946) 2,241,875.00 2,241,875.00 Heart of City USPS Building Purchase (Asset 156757, 156758) 2,185,017.25 2,185,017.25 Outside District GE; DISCOVERY 710 PET Scanner (Asset 148389) 2,103,046.58 2,103,046.58 Heart of City Four Operating Rooms Off Core 700 2,074,097.12 3,082,756.73 St. Mary Place Mary Brigh East Expansion 2,009,593.07 2,009,775.10 St. Mary Place SIEMENS; SKYRA 3TMRI (Asset 157191, 157322-157339) 1,859,239.00 1,859,239.00 Heart of City Employee and Community Health Southeast Clinic 1,834,724.04 4,326,200.60 Outside District Somatom Force CT (Asset 157628) 1,831,372.00 1,831,372.00 Heart of City SIEMENS; SOMATOM FORCE CT (Asset 149843) 1,750,000.00 1,750,000.00 Heart of City PHILIPS; XPER FD20 (Assets 147302, 147339, 147392) 1,649,213.30 1,649,213.30 Heart of City SIEMENS; DEFINITION EDGE CT (Asset 148622, 148623) 1,315,697.00 1,315,697.00 Heart of City DOM 3/4 Infrastructure Revisions for Remodeling 1,286,328.61 1,959,447.05 St. Mary Place CT MBM Incremental lnterventional CT 1,250,604.70 1,250,604.70 Heart of City DLMP Phlebotomy Remodel 1,173,668.83 1,604,136.38 Heart of City Executive, Development and International Program Expansion -Mayo East 5 1,047,756.53 1,389,567.71 Heart of City land for Ronald McDonald House (Asset 147588, 147589) 1,000,203.16 1,000,203.16 St. Mary Place 37 Mayo Investments: 2015 Submission Total Expeditures Total Spent as of reported for December 31st Project/Equipment Name 2015 2015 District SIEMENS MEDICAL; ARTIS ZEE (Asset 146871,146872) 985,408.00 985,408.00 Heart of City SIEMENS; SOMATOM DEFINITION (Asset 164325) 862,578.20 862,578.20 Heart of City SIEMENS; CT EDGE (Asset 163463) 856,459.02 8S6,459.02 Heart of City MR-RO-CN-1-MR/PET installation 760,295.75 760,295.75 Heart of City CT Scanner -Syr (Asset 162815) 687,812.80 687,812.80 Heart of City Vascular OR Core 801 SMH 661,076.59 661,076.59 St. Mary Place G03 Build 2 CT Bays 655,198.35 655,198.35 Heart of City Incremental MRI Body Scanner 600,079.87 600,079.87 Heart of City CH N Neuro Scanner CN l-119C 590,162.52 590,162.52 Heart of City Mayo 8 -Lobby Remodel 498,399.33 498,399.33 Heart of City Mary Brigh Electrical Upgrades (Phase 3) 456,479.17 1,884,351.84 St. Mary Place CT Scanner Replacements (3L, 3Z & 4J) -somatom -CH 2 381,846.25 381,846.25 Heart of City Cancer Center Station Eisenberg 4-3 359,522.31 359,522.31 Heart of City Remodeling of multiple laboratories on Guggenheim 8 348,636.65 774,090.58 Heart of City CMCT and Prev. Med. Relocation Gonda 18 to Mayo East 17 287,923.90 358,383.16 Heart of City Gonda 5, 5th PET/CT Installation & Uptake 274,920.16 301,874.69 Heart of City SMH Mary Brigh East Corridor Relocation 250,692.96 250,692.96 St. Mary Place Renovation Mary Brigh Main, PACU -Phase 4 244,816.16 244,816.16 St. Mary Place SMC, Mary Brigh Main NH, MR-MCR l.ST Replacement Scanner 240,362.00 240,362.00 St. Mary Place Dr. Lee Diamond Reactor Lab Remodel on Med Sci SL 219,387.21 219,387.21 Heart of City Cardiac Catheterization Procedure Room 103 Remodel -Saint Marys, Mary Brigh 4 211,059.65 412,584.91 St. Mary Place Creation of the consolidated freezer and BAP facility at the 2915 Warehouse 207,924.74 4,006,693.46 Outside District Linear Ace Replace Rm "C" 185,937.00 185,937.00 Heart of City CT Simulator I Replacement Charlton S-259, S-261 184,912.43 184,912.43 Heart of City Rad Vascular Imaging Ste 90 144,461.29 144,461.29 Heart of City Clinical Genome Sequencing, Lab Expansion 125,602.22 296,600.82 St. Mary Place Remodeling within the Metabolomics Core on Alfred S 112,927.03 611,703.48 St. Mary Place 38 Mayo Investments: 2015 Submission Project/Equipment Name Charlton 2 Incremental 3T Body Scanner 2915 Warehouse Infrastructure SMC, Mary Brigh Main NV, lntraoperative Replacement Scanner Psychiatry and Psychology Master Plan, Phase lA -Generose Main Remodeling within Opus 1 to accommodate space for a new CT machine. Institute Hills Chiller Replacement Development Remodel Sports Medicine Center Dermatology Remodel Totals Total Expeditures reported for 2015 76,577.92 64,822.76 35,178.43 9,175.55 1,350.00 1,000.00 194.43 (7,228.89) (13,537.50) 85,708,731.30 Total Spent as of December 31st 2015 District 76,577.92 Heart of City 693,219.52 Outside District 35,178.43 St. Mary Place 1,213,985.91 St. Mary Place 480,162.90 Heart of City 441,903.16 Outside District 2,679,274.32 Heart of City 5,666,939.49 Heart of City 9,123,648.24 Heart of City 131,919,346.19 39 This Page is Intentionally Left Blank 40 Certification of Expenditures Destination Medical Center For Calendar Year 2015 Due to Commissioner of Employment and Economic Development (DEED) by April 1 Pursuant to Minnesota Statutes, Section 469.47, the Medical Business Entity and the Destination Medical Center Corporation (DMCC) Board of Directors (assisted by the City of Rochester) respectively submit to the Department of Employment and Economic Development (DEED) the following expenditures that relate to the Destination Medical Center (DMC) Development for the calendar year 2015, and the information required to support the approved methodology provided in the City of Rochester/Commissioner of Employment and Economic Development State Infrastructure Aid Agreement (State Infrastructure Aid Agreement). Expenditures Reported This Year Total Expenditure Reported This Year by Medical Business Entity 1 Total Expenditure Reported This Year for individuals and other private entities 1•2 TOTAL Expenditures This Year Cumulative Expenditures Cumulative Previous Expenditures Previous Qualified Expenditures (minus $200,000,000 Required Initial Investment) TOTAL Expenditures This Year (from above) Cumulative Qualified Expenditures as of 12/31 /15 State Aid Qualified for this Year (local government match also required) General State Infrastructure Aid Qualified for (Cum. Qual. Exp. multiplied by .0275) State Transit Aid Qualified for (multiplied by .0075) $85,708,731 $20,487,686 $106,196,417 $46,210,615 ($153,789,385) $106,196,417 ($47,592,968) By providing my signature below, I certify that the information state herein, to the best of my knowledge, is accurate, true, and complies with the provisions of Minnesota Statutes, Section 469.47 and the approved methodology as outlined in the State Infrastructure Aid Agreement. For Expenditures by the Medical Business Entity: LGW&;:J/L Mayo Clinic Chief Financial Officer 7 I Date For all �r Expenditures: �-,_... �-M Date 1 Expenditures need to be after June 30, 2013 2 Private expenditures for the period of July 1, 2013 -December 31, 2015, after adoption of the Development Plan. Certain additional expenditures for this time period are currently under discussion with DEED, and may be included in the certification for calender year 2016. 832239.PDF 41 July 13, 2016 Ardell F. Brede, Mayor City of Rochester 201 4th Street SE -Room 281 Rochester, MN 55904-3782 Dear Mayor Brede: Department of Employment and Economic Development Thank you for submitting the 2015 Certification of Contributions for Destination Medical Center (DMC). W� are excited to assist with this initiative to make the Mayo Clinic, Rochester, and Minnesota a premier medical destination. Your certification listed $9,846,771.68 in city contributions between July 1, 2013 and December 31, 2015. You provided a detailed listing of 765 expenditures. These expenditures consisted of direct DMC expenses paid by the city as well as DMC Corporation and DMC Economic Development Authority expenses paid for by the city. From that list, DEED randomly selected 17 expenses for review. We reviewed invoices, payments and city payroll files for accuracy and eli gibility. Additionally, the city provided DEED with an independent third party report from Clifton Larson Allen stating the law and procedures for certifying contributions are being followed properly. While the amount of your contributions qualifies you for $25.1 million, expenditures from Mayo Clinic and others has not surpassed the minimum $200 million. Your contributions will be credited towards future years. Thank you again for your efforts on this groundbreaking economic devel opment effort. C: Tina Smith, Chair of Destination Medical Center Corporation Jeff Bolton, Chief Administrative Officer Mayo Clinic Patricia Simmons, Chair of Economic Development Agency Board of Directors Lisa Clarke, Economic Development Agency Executive Director Economic Development Division 1st National Bank Building• 332 Minnesota Street, Suite E200 • Saint Paul, MN 55101-1351 USA• www.mn.gov/deed Toll Free: 800-657-3858 • Phone: 651-259-7114 • Fax: 651-296-5287 • TlY: 651-296-3900 AN EQUAL OPPORTUNITY EMPLOYER AND SERVICE PROVIDER EXHIBIT C 42 Department of Employment and Economic Development' July 13, 2016 Tina Smith, Chai r Destination Medical Center Corporation 4720 West Lake Harriet Parkway Minneapolis, MN 55410 Jeff Bolton, Chief Administrative Officer Mayo Clinic 200 First Street SW Rochester, MN 55905 Dear Ms. Smith and Mr. Bolton: Thank you for submitting the 2015 Certification of Expenditures for Destination Medical Center {DMC). We are excited to assist with this initiative to make the Mayo Clinic, Rochester, and Minnesota a premier medical destination. Your certification listed $85,708,731 in Mayo Clinic expenditures and $20,487,666 in other expenditures. The Mayo Clinic provided DEED with information on all invoices and payment� to account for their certification amount. They also provided an independent third party report from RSM US LLP stating the law and procedures for certifying expenditures which are being followed properly. Additionally, DEED ·staff reviewed invoices and payments in your certification. We selected 62 of your listed expenditures totaling more than $8.5 million. We selected one expenditure from each of the 62 projects listed. All invoices for the selected expenditures were on file and payments were made in a timely fashion. DEED staff also confirmed that all projects had building permits after June 30, 2013. DEED acknowledges the expenses and payments met guidelines and the internal accounting and auditing system the Mayo Clinic has in place is sufficient. Additionally, the DMCC and the City of Rochester provided DEED with a list of 100 construction permits that were filed to account for the $20,487,666 in other expenditures. DEED randomly selected 10 . permits and was provided the permit application, permit, project closeout, and map of projects. From this information, DEED confirmed the projects' values, dates, eligibility, and completion. As required by law, I have determined that the amount of 2015 Destination Medical Center expenditures is $106,196,397 as you certified. DMC cumulative expenditures are now $152,407,012. The $200 million cumulative expenditure threshold has not been met and the state will not be investing funds for public infrastructure or transit this year. The expenditures will be credited towards future years for this purpose. Thank you again fo r your effor�s on is groundbreaking economic development effort. Economic Development Division 1st National Bank Building• 332 Minnesota Street, Suite E200 • Saint Paul, MN 55101-1351 USA• www.mn.gov/deed Toll Free: 800-657-3858 • Phone: 651-259-7114 • Fax: 651-296-5287 • TTY; 651-296-3900 AN EQUAL OPPORTUNITY EMPLOYER AND SERVICE PROVIDER 43 C: Patricia Simmons, Chair of Ec onomic Development Agency Board of Directors Lisa Clarke, Economic Development Agency Executive Director Gary Neumann, City of Rochester 44 C. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. __- 2017 Adopting Modification Number 1 to the Development Plan BACKGROUND RECITALS A.Pursuant to Minnesota Statutes Section 469.43, the Destination Medical Center Corporation (“DMCC”), working with the City of Rochester (the “City”) and the Destination Medical Center Economic Development Agency (the “EDA”), adopted a development plan on April 23, 2015 (the “Development Plan”). B.The DMCC also adopted a geographic area in the City identified in the Development Plan, in which public infrastructure projects are implemented as the Destination Medical Center development district (the “Development District”). C.The City and the EDA received a request for a modification to the Development District, set forth in Exhibit A, attached (the “Proposed Development District Modification” or “Modification Number 1”). D.Pursuant to Resolution 42-2016, the DMCC submitted the Proposed Development District Modification to the City for its consideration and action. E.The City of Rochester Common Council approved the Proposed Development District Modification in a Resolution passed and adopted on December 19, 2016. A copy of that Resolution is attached hereto as Exhibit B. F.On November 14, 2016, the DMCC made copies of the Proposed Development District Modification available to the public at the DMCC, City, and EDA offices during normal business hours, and on the websites of the DMCC, the EDA, and the City. On January 26, 2017, the DMCC published notice of a public hearing scheduled for February 8, 2017 in the Rochester Post-Bulletin, the official newspaper of the City. The DMCC received written comments through February 2, 2017. G.In Resolution 44-2016, the DMCC approved the public infrastructure project associated with the Proposed Development District Modification as consistent with the Development Plan. H.With the benefit of input from the public, including the opportunity for written comments and public testimony, and comments from the City, EDA staff, and officials, the DMCC makes the following findings of fact and resolution. 45 FINDINGS OF FACT 1.The Proposed Development District Modification relates only to the geographic boundary of the Development District and does not otherwise amend the Development Plan. Accordingly, findings 2, 3, and 6 of the DMCC in Resolution A-2015, dated April 23, 2015 concerning the Development Plan, are hereby incorporated by reference. 2.The Proposed Development District Modification is consistent with the Development Plan, advancing the goals and development to support the destination medical center framework. 3.The Proposed Development District Modification affords maximum opportunity, consistent with the needs of the City, Olmsted County, and the State, for the development of the City by private enterprise as a destination medical center. 4.The Proposed Development District Modification conforms to the general plan for the development of the City and is consistent with the City Comprehensive Plan. 5.In the Resolution passed and adopted on December 19, 2017, the City approved the Proposed Development District Modification. 6.On February 8, 2017 at 9:30 AM, the DMCC held a meeting and public hearing to receive public input and to consider the Proposed Development District Modification. The DMCC published notice of the hearing at least ten days in advance in the Rochester Post-Bulletin. The DMCC also received written comments through February 2 , 2017. RESOLUTION NOW THEREFORE, BE IT RESOLVED by the Destination Medical Center Corporation Board of Directors that the Proposed Development District Modification, or Modification Number 1, attached as Exhibit B hereto, is adopted. BE IT FURTHER RESOLVED that the DMCC Chair, Vice Chair or Treasurer are authorized to take such other actions as are necessary and appropriate to effectuate the adoption of the Proposed Development District Modification. 867884-8.DOCX 46 EXHIBIT A ORIGINAL CORRESPONDENCE FROM ALATUS, LLC 47 Alatus, LLC 800 Nicollet Mall, Suite 2850 Minneapolis, Minnesota 55402 October 18, 2016 DMC Corporation Attn.: Board Members 195 South Broadway, Suite 12 Rochester, Minnesota 55902 Dear DMC Corporation Board Members: Alatus is formally requesting an amendment to the DMC Boundary limits to include the additional parcels proposed for the Alatus 2nd Street Development footprint. A significant portion of the proposed project, approximately sixty-five percent (65%),is already located within the St. Mary’s Place DMC sub-district.To provide a visual reference of the proposed development footprint, an aerial of the site plan has been attached to the end of this letter.The applicant is requesting this boundary adjustment to develop a mixed- used,high-quality,precedent setting project serving as a gateway into the overall DMC Development District,which will adhere to various stakeholders’requests for a quality, sustainable, community-oriented development.Because Alatus will be requesting funds through the DMCC and City of Rochester Joint Funding Application,it is necessary that the entirety of the development and the parcels it includes be within the DMC Boundary.The applicant has been working closely with both the City and DMC EDA staffs to develop a project that meets the DMC Plan Goals and Objectives.It is also important to note that the current property owners of all fourteen (14) land parcels are under purchase agreement with Alatus. The Alatus 2nd Street Development has been proposed with high-quality materials, similar to that of the Alatus Latitude 45 apartment development in Minneapolis which several people of the Rochester community visited during the DMC’s “St. Mary’s Place Planning: Site Visit to Twin Cities” event. The project presents a new level of quality of rental housing the city of Rochester has yet to experience; thus it is an untested product which market research supports as a demanded lifestyle. Given this quality of development,the overall project cost is estimated to be approximately $115mm.The overall design situates a 13-story residential building within the existing block and is respectful to its residential neighbors in terms of height, massing, ground level circulation and landscaping.While dense, the development seeks to create a human scale to the ground floor so as to engage the community, residents, visitors, patients, and employees alike.The building will include apartment and townhome rental housing, retail space, a neighborhood restaurant, office incubator space, and a fully enclosed parking garage occupied solely by the building’s tenants.The project will support the residents’ sustainable living experience by meeting EXHIBIT A to Resolution C 48 LEED standards and incorporating energy-efficient appliances, low-flow water fixtures, low-VOC paints and building-wide recycling practices.In addition, the proposed Alatus project provides a highly-activated pedestrian experience which will exceed the DMC and City of Rochester’s landscaping usage goals and streetscape requirements. To provide some background of our progress thus far, the Alatus 2nd Street Development has received its preliminary phase Restricted Development approval from the City and submitted our Final Phase Restricted Development Application on October 12, 2016. The Planning Commission review on the Final Phase is scheduled to be held on November 9, 2016 followed by the final City Council hearing scheduled for December 19, 2016, at which time it is anticipated that the Council would provide approval of the Development Assistance Agreement as well as approval of the boundary adjustment. The final step of the approval process would be held at the DMCC Board Meeting to be scheduled in January 2017,to approve the boundary adjustment.The DMCC Board will be requested to give its approval to the project at their meeting on December 15,2016,contingent upon the final approval of the boundary modification in January.The DMCC Board needs to approve the project before the City Council grants their approval.Conversely the City Council needs to approve the boundary modification before the DMCC Board approves that. We greatly appreciate your review and consideration of the boundary adjustment for the Alatus 2nd Street Development project. Should you have any questions, please feel free to contact me at (612) 201-8487 or via cbosmundson@alatusllc.com. Best Regards, Chris Osmundson Development Director Alatus, LLC Enclosure –Aerial of Alatus 2nd Street Development Site Chris Osmundson 49 AL A T U S P R O J E C T A R E A D M C B o u n d a r y P r o p o s e d D M C B o u n d a r y T e x t D A T A D I S C L A I M E R - D e s t i n a t i o n M e d i c a l C e n t e r ( D M C ) B o u n d a r y T h e D M C B o u n d a r y i s a b o u n d a r y f o r a n E c o n o m i c D e v e l o p m e n t i n i t i a t i v e a n d w a s a p p r o v e d i n t h e S p r i n g o f 2 0 1 5 . T h e b o u n d a r y p o l y g o n w a s c r e a t e d b a s e d o n t h e d e s c r i p t i o n o f t h e D M C a r e a . T h e D M C a r e a w a s n o t a s u r v e y e d l e g a l d e s c r i p t i o n a n d w a s s u b j e c t t o i n t e r p r e t a t i o n . P l e a s e n o t e t h a t t h i s b o u n d a r y i s f o r i n f o r m a t i o n a l p u r p o s e s o n l y a n d i s s u b j e c t t o c h a n g e . O 50 EXHIBIT B CITY RESOLUTION 51 574-16 RESOLUTION BE IT RESOLVED by the Common Council of the City of Rochester that, pursuant to Minn. Stat. §469.43, the City approve of the modification of the Destination Medical Center Development District Boundary as shown on the attached Exhibit A. The Mayor and City Clerk are authorized to execute any documents needed to implement this resolution. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __ 1_9t_h_ DAY OF December , 2016. 23rd December APPROVED THIS DAY OF ________ , 2016. MAYOR OF SAID CITY Res151Approve1DMC Boundary1 E1 EXHIBIT B to Resolution C 52 A EXHIBIT A DATA DISCLAIMER -Destination Medical Center (DMC) Boundary The DMC Boundary is a boundary for an Economic Development initiative and was approved in the Spring of 2015. The boundary polygon was created based on the 'description· of the DMC area. The DMC area was not a surveyed legal description and was subject to interpretation. Please note that this boundary is for informational purposes only and is subject to change. 53 This Page is Intentionally Left Blank 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 This Page is Intentionally Left Blank 174 City of Rochester Memo To: DMCC Board and Mayor and City Council From: Gary Neumann Date: January 2, 2017 Re: Use Of Tax Increment Financing Funds For Transit And Public Infrastructure At the December 15, 2016 meeting, the DMCC Board adopted a motion to direct the staff to provide information on the potential use of tax increment financing proceeds for transit infrastructure purposes. 1.Can tax increment financing funds be used for “transit Infrastructure” purposes now? YES. Increments generated by DMC TIF districts and a portion of the increments from other City TIF districts in the DMC Development Plan area can be used for public infrastructure improvements including transit to the extent those funds are not committed to a developer. DMC TIF district funds can be used only in the DMC Development Plan Area. If the transit improvements extend outside that area, a boundary modification could be considered. 2.Have current TIF Districts within the DMC Development Plan Area been established to allow for use for some portion of the TIF funds for public realm and transit improvements? YES. The City has established 6 City TIF Districts and 2 DMC TIF Districts within the DMC boundary area to date since 2013. In each case a specific TIF District incorporates just the project site itself. A larger economic development district is also identified in this process in which TIF funds not provided for the project site itself can be utilized for legally authorized purposes within the larger economic development district. As shown on the attached map the City has already been using the DMC Development Plan Area Map as the economic development district for 5 of the 8 TIF districts we have established. This allows additional TIF funds to be used for authorized purposes throughout that area. We intend to do this for all future TIF districts within the DMC Boundary. Transit improvements is one of many authorized uses for TIF. The City has anticipated that the use of TIF funding would be a key component to both incent redevelopment, resulting in private investment 175 to secure future State funding, and as a funding source for additional public improvements that will be needed. 3.Is there any funding available for transit purposes now for the DMC Development Plan Area? YES. In the total DMC funding of $585 Million, there is an amount of $116 Million that is restricted to be used for transit costs. This $116 Million, which is dedicated specifically to transit, is funded by an estimated $46 Million in local matching funds from Olmsted County and $70 Million from the State. The legislation specifies that the “City must” use the state transit aid and the local matching funds for transit costs. To an extent, of all the listed potential infrastructure improvements listed in the DMC Development Plan, transit already has the most clearly identified and secure funding amount. 4.What happens if the transit costs exceed $116 Million? If the approved transit solutions exceed $116 Million then additional funding might be provided from a number of funding sources including federal funds, the $455 Million GSIA funding, or other funding sources which might include TIF funds. Decisions on the final transit solution, the transit mode, parking locations, how the current bus system and future bus improvements might mesh with a transit system, the capital costs to be approved, future operating costs obligations and other decisions will all need to be made by both the DMCC Board and the Mayor and City Council for the use of DMC funds. Those bodies will need to prioritize the funding for the various proposed infrastructure improvements. 5.Besides transit are there other public infrastructure needs that may require funding from TIF funds? YES. For example, the overall goal in the St. Mary’s area has been to essentially re-make and improve this entire area as a gateway to the downtown and to enhance the major employment area that already exists at St. Mary’s. In addition to TIF funding needed to incent redevelopment projects there will be public infrastructure costs that may include: a reconstruction of 2nd St from 11th Avenue to Highway 52; improved streetscaping; improved pedestrian crossings, improved connections to adjacent neighborhoods; consideration of a pedestrian tunnel crossing or a larger tunnel system; and the potential for an arcade to protect pedestrians. Some of the costs may be paid from other sources such as assessments and Federal and State street funding but those options are limited. For many of those improvement costs the City has viewed TIF funding from area projects as one of the primary funding sources, otherwise those improvements are not likely to proceed. Those improvements may be ready to proceed in the next few years. 6.Are there other ways to maximize the use of TIF to provide funding for transit or other public infrastructure. YES, potentially. First, in Minneapolis, a Streetcar Value Capture District was created by legislation one block either side of a potential streetcar corridor. Under that approach the increased property valuation from both property value inflation and new development was captured 176 resulting in the new property taxes being available, similar to TIF, to pay for transit improvements. Second, in the DMC legislation the City of Rochester secured exemptions from certain TIF provisions that could allow the city to establish a TIF district that could encompass the entire DMC district or a smaller subset thereof to capture the taxes generated from both inflationary value increases for existing properties and from new development. This allows the City to essentially do the same thing that was accomplished in the Minneapolis Streetcar Value Capture approach without special legislation. Once we are further along and have determined: the recommended transit option; whether the transit improvement costs exceed $116 million; more specific information on route and benefits; then this can be one of the many options that are looked at for funding transit or other improvements. There would be many potential ramifications to consider before such an option were selected, including the impact on other taxing jurisdictions. Third, currently a large share of the TIF proceeds from individual projects are needed to close an identified gap in the financial pro forma for such projects. That may be driven by a combination of forces including the much higher cost both to acquire land and to construct structured parking in the DMC development area and also the reality of market revenue streams that have not matured to the point at which a reasonable rate of return can be made without some financial assistance that allows the project to proceed. In 2013 when the initial DMC legislation was being developed this was cited by Mayo Clinic and its consultants as one of the major factors in the need for some state participation and financial assistance. It is also consistent with the City’s experience in attempting to redevelop the downtown area over the last 30 years. Hopefully that situation will change over the passage of time and the achievement of many of the improvements envisioned in the DMC, such that a greater percentage of the TIF proceeds can be used for public infrastructure and less to incent developments to come to fruition. Based on the pro forma analysis of projects that have come forward to date the market has not reached that point. 177 This Page is Intentionally Left Blank 178 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY To: Lt. Governor Tina Smith and members of Destination Medical Center Corporation board of directors From: Jeff Bolton, Chair, DMC EDA Lisa Clarke, Executive Director, DMC EDA Date: February 1, 2017 Re: Urban on First Development Project The DMC EDA board acted unanimously in recommending the Urban on First Development project to the DMCC as a Public Infrastructure Project, consistent with the DMC Development Plan. The board further recommended the amount of $3.8 million in city Tax Increment Financing. Our findings, which are attached, are based on a thorough independent review of the project using the criteria established by DMCC. Additionally, this recommendation aligns with the City of Rochester's recommendation. Thank you for considering this recommendation. 179 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Rochester 1st Ave Mixed-Use Development Evaluation Report February 1, 2017 EXECUTIVE SUMMARY / RECOMMENDATION STATEMENT OF RECOMMENDATION: Based on information provided by Opus Development Company, LLC (the “Applicant”), the Proposed Project aligns with the Destination Medical Center (“DMC”) vision and is consistent with the DMC goals, objectives and values. It will significantly increase tax base, create job growth, and attract additional private investment. It falls in the Discovery Square sub-district, one of the top priority areas for the DMC initiative and the DMCC board. The following complete report evaluates the Proposed Project on all criteria as required by the Development Plan. Based on this criteria, the Destination Medical Center Economic Development Agency (“DMC EDA”) would categorize the Proposed Project as a high priority DMC project that has great potential to help realize the vision, goals and objectives of the DMC initiative. STATEMENT OF ELIGIBILITY: Based upon information provided by the Opus Development Company, LLC, the Proposed Rochester 1st Ave Mixed-Use Development Project is a “public infrastructure project” under the DMC Act, and the Proposed Project falls within the DMC Development District boundaries (Discovery Square Subdistrict). PROJECT SUMMARY: The Rochester 1st Ave Mixed-Use Development will transform a surface parking lot into mixed-use residential and commercial development. It will include 156 units of apartments, 9000 square feet of street level retail, and structured parking garage for approximately 156 vehicles. It is a total of 238,700 square feet of development. The anticipated residential mix is 48 alcove, 59 one---bedroom, and 49 two- --bedroom apartment units. The interior amenity package for use by all residents will include a fitness center, on-demand fitness trainer and gym, club room with demonstration kitchen, premium bike valet storage area with bike repair stations and replacement parts, dog wash, and secured, tempered garage parking. Exterior amenities will include two separate and distinct outdoor amenity decks at level 2 which will include a pool/hot tub, outdoor kitchen and barbeque, seating areas, green roofs, fire pits, stunning views of downtown Rochester and the Zumbro River. Additionally a level 6 “resident overlook” terrace will provide residents with views of the greater surrounding area. 180 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY RELEVANT PROJECT HIGHLIGHTS: The following list outlines relevant project highlights for consideration: •Located in Discovery Square DMC Subdistrict; •Provides capital investment of $38 million; •238,717 square feet mixed-use building; •Activates the ground floor with 9,000 square feet of commercial and retail space for restaurants and businesses •Create permanent jobs in those businesses occupying the building and for property management; •It will create more than 130 jobs, many of which will be short-term construction jobs; •Approximately 30% of the TIF generated by the project will be available for other public improvements with the District; •Project has received preliminary approval by the Planning and Zoning Commission and City Council for Incentive Development, with 17 conditions; •Project will have a functional green roof and developer is exploring the project’s capacity of meeting Minnesota Green Communities building standards; •Developer will make good faith efforts to address recommendations from neighborhood organization and DMC design standards; •Project will provide quality, high density housing within a priority DMC subdistrict . 181 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY EVALUATION REPORT SECTION 1.0 PROJECT OVERVIEW The Rochester 1st Ave Mixed-Use Development includes construction of an approximately 238,717 square feet, six-story podium commercial and residential complex. Approximately 9,000 square feet of commercial and retail space will be dedicated to the street level along 1 st Avenue South. This Proposed Project will include 156 market-rate rental apartment units. The mixed use commercial and residential complex will be supported by a below---grade and above-grade, tempered parking garages for residential vehicles. The proposed development would redevelop 2 existing parcels including an underutilized surface parking lot. The proposed unit mix on the residential levels is to have 48 alcove, 59 one---bedroom, 49 two---bedroom apartment units. The interior amenity package for use by all residents will include a fitness Center, on-demand fitness trainer and gym, club room with demonstration kitchen, premium bike valet storage area with bike repair stations and replacement parts, dog wash and secured, tempered garage parking. Exterior amenities will include two separate and distinct outdoor amenity decks at level 2 which will include a pool/hot tub, outdoor kitchen and barbeque, seating areas, green roofs, fire pits, stunning views of downtown Rochester and the Zumbro River. Additionally a level 6 “resident overlook” terrace will provide residents with views of the greater surrounding area. The project total is projected to be $38,100,000 and the requested TIF amount in this application is $4,000,000. SECTION 2.0 MINIMUM ELIGIBILITY REQUIREMENTS OF DMC ACT Check the following that apply to the Project:  "Public Infrastructure Project"  General Infrastructure Project or  Within DMC Development District Boundaries In order for a project to be eligible for DMC Funding, the project must be (1) a “public infrastructure project” and (2) within the DMC Development District Boundaries. Per Minnesota Statutes, Section 469.40, Subdivision 11, a “Public Infrastructure Project” is described as a project financed in part or in whole with public money in order to support Mayo Clinic’s development plans, as identified in the DMCC Development Plan. Based on information, the Proposed Project would qualify as a “Public Infrastructure Project” as required by the DMC Act. The Proposed Project is within the DMC Development District Boundaries. SECTION 3.0 EVALUATION CRITERIA The EDA’s recommendation for the project outlined herein was formed in consideration of the following criteria: 3.1 DMC Vision, Goals and Objectives / Development Plan Strategies 3.2 Consistency with Development Plan and Other Planning Documents 3.3 Financial Viability 3.4 Consistency with Adopted Strategies, Phasing and Capital Improvement Planning 3.5 Targeted Business Enterprise Strategies 182 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY 3.6 Compliance with Economic---Fiscal Goals and Objectives 3.7 Other Project Policy Considerations 183 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY SECTION 3.1 DMC VISION, GOALS AND OBJECTIVES / DEVLOPMENT PLAN STRATEGIES Does the project include a plan for achieving the DMC vision, goals and objectives and is it critical to driving the strategies included in the Development Plan? Is the project consistent with the stated DMC Goals & Objectives and specifically contributing to job creation? •Does the project meet one or more of the goals and objectives established for the Development Plan? The Proposed Project provides critical modern housing units to support the growing DMC labor pool. In addition, the 9,000 sf of retail space along 1st Avenue is increasing tenancy options in localized area as the Proposed Project is not displacing any businesses. This transformational mixed use project includes a green roof, many of the mandatory and optional conditions for Minnesota Green Communities standards, and dedicated public art space in an inviting walkway towards the river from 1st Avenue. The project meets the goal of developing a resident community with convenient retail and commercial establishments. It also reinforces 1st Avenue as an important pedestrian connection to the DMC proper. Is the project consistent with the DMC Vision? •Is the project part of a bold and aspirational concept for the future? The Proposed Project is consistent with the DMC vision of creating a place to Live, Work, Play and Thrive. The building addresses many sustainable building practices, while creating a new model for future Rochester mixed-use developments. The Proposed Project is an important component to the future development of the DMC area. With a need of approximately 3,100 additional housing units this project becomes a catalyst of delivering urban, highly amenitized rental units to the market updating current housing stock in the immediate area. •Does the project fit with the principles of the vision? “At the core of the DMC design is a belief that urban redevelopment is the most vital, sustainable, and efficient form of human settlement.” We believe the Proposed Project aligns greatly with this core principle as it will deliver needed rental housing inventory for incoming and existing labor pool but also helping develop the Discovery Square area by replacing an underutilized surface parking lot and not displacing any business but actually adding to tenancy options in the immediate area. •Does the project provide a framework for growth in this sub---district? By filling a gap in the street wall of 1st Avenue, the Proposed Project reinforces the important development of 1st Avenue, and larger Discovery Square area, as a primary pedestrian corridor. As more and more residents move into the area, so too does the new development of services, entertainment options and jobs thus creating the need to again add to the housing stock. This churn of development can create cyclical growth for the future. Does the project build infrastructure to support growth and drive investment? •Would the investment occur without the public infrastructure to be funded? The Proposed Project does support growth in the form of labor pool, housing units and local/ 184 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY commercial retail tenancy options. The Applicant states they would be challenged economically if the incentives were not provided; based on our own independent analysis, we concur. •Is the proposed public infrastructure solely for the benefit of the project or does it also support the broader vision of the DMC District? As identified in the Infrastructure Master Plan, there are six (6) key areas of infrastructure requirements: (1) public utilities, (2) bridges, subways and skyways, (3) shared parking, (4) parcel development, (5) civic uses, cultural uses and public amenities, and (6) technology improvement. Any incentives given to this Proposed Project are not solely for the benefit of the project but to the benefit of the greater DMC vision and improvements to the local streetscape environment. The Proposed Project includes elements encouraging pedestrian engagement, focuses on parcels that are underutilized and offers 9,000 square feet of new community retail. Additionally, as much as 30% of the TIF generated by this project will be available for uses outside the project. •Will the public funding accelerate private investment in the Development District or applicable subdistrict? The Proposed Project will likely continue a compounding reaction for development in the Discovery Square market. By adding residents who need services and jobs as you create housing options additional services will ideally follow. Does the project provide a catalyst for/or anchor for an approved strategy? •Can the project reasonably be expected to catalyze or anchor development in one of the six subdistricts? The Proposed Project can provide a solid eastern edge anchor to the Discovery Square subdistrict. Providing a pedestrian link to the river, encouraging further development of the 1st Avenue pedestrian corridor and by proximity support Discovery Square with additional housing stock. •Can the project reasonably be expected to catalyze necessary transportation/transit strategies? The Proposed Project will encourage the use of alternate means of transportation with the availability of premium bike valet storage and repair stations as well as the option to live, work and play in a localized area restricting the need for traditional car transportation to and from work. SECTION 3.2 CONSISTENCY WITH DEVELOPMENT PLAN, OTHER PLANNING DOCUMENTS Does the project include a plan for achieving consistency with the Development Plan (and any updates thereto) and other relevant planning documents? 185 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Is the project consistent with the DMC Planning Documents? •Is the project consistent with the current DMC Master Plan, Transportation Master Plan, and/or Infrastructure Master Plan? The Proposed Project fits well with the vision and principles of the DMC Master Plan. The unique advantage of this site is that it actually densifies a potentially underutilized parcel in the Master Plan. The project provides housing in proximity to where the DMC Master Plan was proposing. The value added to the Master Plan is that this site density has been increased when compared to the Master Plan. The proposed solution helps to tie the vision of this block along 1st Avenue wholly together. Thus reinforcing the pedestrian experience along 1st avenue. •Is the project consistent and/or supportive of the Finance Plan, Business Development Plan and other Implementation strategies of the DMC? As a goal to attract and retain an educated and highly productive workforce who continues to desire a live, work, play environment, housing tends to be a key driver. This project delivers in a truly urban redevelopment way to continue to provide for additional production of the land in the DMC area. Is the project consistent with the City/County Planning Documents? •Is the project consistent with the RDMP Plan or City Comprehensive Pan? The Proposed Project is a unique destination that provides residents, employees and visitors an environment to enjoy high-quality living while encompassing business, life and leisure. The Rochester 1st Avenue Mixed-Use project also meets supporting principles of the City Comprehensive Plan: expand housing choices; enhance the integrity of existing neighborhoods and encourage compact; missed-use developments. •If a Transit/Transportation project, is the project consistent with the ROCOG long---range Transportation Plan? The ROCOG model was utilized for DMC to determine the effects of development and transportation system changes. One main area of the model considers the trips generated by land uses and activities. The Proposed Project will have limited impact on the current traffic flow, in addition the project is designed to incorporate various options for alternate transportation to reduce the single-vehicle traffic flow in the Development District. Does the project support sustainability principles as a core objective in the development and operations of the project? Yes, the Proposed Project will support sustainable principles and execute current best practices. In addition there is an emphasis on sustainable initiatives in sustainable site selection, indoor environmental quality, energy and atmosphere, materials and resources, and water efficiency. • Sustainable Site Selection – A redevelopment by nature promotes sustainability of established urban living patterns, creating a more stable and interactive community. The Proposed Project is within walkable proximity of public transportation options and allows for an active lifestyle with abundant bike storage and a bike maintenance shop. It will also be located immediately next door to an incubator space, adding to the Live/Work area of the downtown. 186 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY • Indoor Environmental Quality – Residences will have access to abundant natural daylight and views through expansive windows. Each residence will be able to control their own cooling and heating for comfort and energy usage. Also, low and no VOC material will be utilized in construction to maximize well-being. Optional Well Building Amenities including lighting, air filtration, and water quality upgrades will add to the being of residence. • Energy and Atmosphere – in combination with abundant natural daylighting, low-e windows will greatly improve energy performance. The air conditioning units will also utilize non CFC refrigerant. Also, light colored roofing materials in combination with green roofs helped reduce heat island effect. Green roofs will also reduce and slow storm water runoff of all rainwater that hits the lower roofs. • Materials and Resources – best practices include recycle and reduction of demolition and construction waste materials and utilization of local and regional materials where appropriate. The building includes a dedicated area for collection and removal of recyclable materials. • Water Efficiency – emphasis to reduce burden on municipal water supply include the use of low consumption fixtures and appliances and drip irrigation. SECTION 3.3 FINANCIAL VIABILITY [Form may vary based on size/scope of project] Does the project include a plan that is financially viable? Does the project include:  Project Summary (e.g. concepts, detailed program, project team, etc.)  Total Project Budget  Sources of funding, demonstrating a verifiable gap that justifies DMC Funding  Project Operating Pro Forma including an overview of any operations and maintenance funding that may be required  A Project Plan and/or Market Study supporting the demand/need for the project  Demonstration of financial capacity to support the project Is the project supported by current market conditions and comprehensive feasibility studies? The Proposed Project is supported by an extensive market feasibility analysis completed by Maxfield Research and Consulting LLC. Based on the consultant’s analysis of the property’s location, demographic characteristics and growth trends of the target populations and current rental market conditions in the area that a market rate general occupancy rental housing development on the subject property will be well-received in the marketplace. The overall vacancy rate for newer product is 2%; indicating pent-up demand for new units. In addition, the three newest rental projects in Downtown Rochester are averaging rents of approximately $1.76 per square foot which is driving up the average monthly rents in Rochester. Maxfield Research and Consulting LLC estimates that a development at the site would have approximately 25% of its units pre-leased with the remaining units leasing at a rate of between 9 and 11 units per month. 187 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Does the project leverage additional private funds, maximizing the use of DMC Funds? Of the approximate $38,100,000 million dollars in total project costs, private funds will consist of $11,240,000 in equity and $22,860,000 private debt financing which would maximize the requested $4,000,000 DMC Funding. Is the preliminary project finance plan comprehensive and viable based upon Project Team and financial capacity? The project has demonstrated financial feasibility and a plan for long-term viability. The funding request that the Applicant has proposed will support various aspects of the project including the improvement of current public infrastructure, addition of parking stalls which contributes to the reduction in traffic flow, and enhances the public spaces and amenities surrounding the development. These along with other costs of the Proposed Project are considered to be TIF eligible expenses. Is the project inclusive of an Operation and Maintenance pro forma? The Proposed Project’s operating pro forma was reviewed and appears to be reasonable. When net operating income, TIF reimbursement, and debt service are calculated, it suggests that the cash flow after debt service could be in excess of $1.4 million per year. This calculation is based on a $38 million project with nearly $23 million in debt and an Interest rate of 4.5%. Apartment occupancy rates are projected to be at 95%, and rental rates are projected to be among the highest in the market. Construction costs are rising, as are interest rates. If occupancy is lower and/or as construction costs and interest rates increase, cash flow after debt service may be lower. Is there a verifiable gap for funding based upon a reasonable return on private investment? There are additional costs associated with this project that create a gap and support the recommended TIF. Those costs include the green roof, structured parking, meeting a significant number of Minnesota’s Green Communities Standards, wider sidewalks, and improving the entryway on the 1st Avenue SW side of the building. More recent estimates suggest project costs may be as high as approximately $40.4 million. The additional costs referenced above do not translate into commensurate additional income potential to the developer because the projected rental rates on the apartment units are already at the top of the market. Consequently, TIF is required in order for the developer to expect a reasonable return on the private investment. Is the proposed operating structure sustainable? The proposed cash flows demonstrate that the project will cover the operating costs and debt service which will provide an acceptable return on investment. Does the Project impose any financial obligations on the DMC or City for ongoing operational or maintenance support? No. 188 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Has the project applicant agreed to execute the DMC Development Agreement? Yes. SECTION 3.4 CONSISTENCY WITH ADOPTED STRATEGIES, PHASING, AND CAPITAL IMPROVEMENT PLANNING Is the project consistent with adopted strategies and/or one or more projects for the current implementation phase of the DMC initiative? Is the project part of an approved strategy and current focus? Is the project outlined as an approved strategy for the project within the Development Plan? The Proposed Project is located in the Discovery Square subdistrict. Arts and cultural amenities, public space, green space, shared uses and public amenities, workforce development and training programs, health and wellness elements, sustainable elements, provided in the project plan are part of the approved strategy of the Development Plan. Is the project recommended as a focus for the particular phase of the project in the Development Plan? The Proposed Project is recommended as a focus for Phase 1 of the Development Plan. The current focus in this phase revolves around development in Discovery Square. 189 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Is the project consistent with the DMC---CIP? The Rochester 1st Avenue Mixed-Use Development supports both of the primary goals of the DMC-CIP – (1) create a catalyst to begin the process– public or private projects measured by whether they support making Rochester the global center for health; and (2) investing in strategic projects – that lay a foundation for future growth and investment in the DMC District. The City of Rochester will benefit from the significant improvements the Proposed Project will make to the existing public infrastructure. •If public, is the project specifically listed in the DMC---CIP? Or is the project necessary to facilitate a DMC related strategy? N/A •If private, is the project otherwise compatible with the planned public improvements in the DMC--- CIP? Yes, improvements required by the Proposed Project are included in the current DMC---CIP. SECTION 3.5 TARGETED BUSINESS ENTERPRISE STRATEGIES [Form may vary based on size/scope of project] Does the project include a plan for achieving Local Business, S/M/WBE Project Requirements and other project requirements, as applicable? The Applicant states that the project plan goal is to meet the intent of the S/M/WBE project requirements along with the other requirements of the DMC Act. Has the applicant agreed to execute the DMC Development Agreement? (the terms of which are provided in form to all applicants)? Yes – the Applicant has agreed to execute the DMC Development Agreement. SECTION 3.6 COMPLIANCE WITH ECONOMIC---FISCAL GOALS AND OBJECTIVES Does the project include a plan to comply with or support the economic---fiscal goals and objectives of the DMC initiative? Does the project generate substantial economic-fiscal gain based upon job projections? Based upon job projections, the project has the potential to create approximately 102 new construction jobs for all trades of the construction and development process. Once operational, it is anticipated that 29 new positions are created to efficiently run the ongoing management of the property. Does the project generate substantial economic---fiscal gain based upon tax base projections? 190 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Olmsted County assessor staff has not determined the fully assessed taxes for the project. The estimated stabilized real estate taxes which was used in the proforma is $472,000 a year broken down by $54,000 for retail and $418,000 for the residential. Does the project maximize the opportunity for investment by attracting other private capital? The location, mix-use and amenity package of this project would be unique to the Rochester market. If it is constructed and succeeds, this project could serve as a demonstration to other potential investors that development in Rochester is a good risk. Is the project required (e.g. public works) to continue to seed investment in the DMC District? The increase in annual property tax revenue will be a substantial amount for the City of Rochester to invest in future public and private developments. 191 DESTINATION MEDICAL CENTER ECONOMIC DEVELOPMENT AGENCY Does the project support the economic strategies of the project by providing civic/cultural uses and/or public amenities that support strategic growth in the DMC Development District and/or specific business development and economic development strategies that are adopted as part of the DMC Development Plan? The inclusion of retail on First Avenue will provide new retail tenancy space which does not displace any existing retail or commercial space on the First Avenue corridor. In addition to new retail on the first avenue corridor, the Applicant have also reserved space along the pedestrian link between 1st and Broadway which will provide opportunities for public art to be displayed. The art installations could be programmed or a rotating collection provided by the city or local artists. The project will provide an annual grant of $1,000 for ten years to promote and display the work of makers, artist and innovators in the dedicated pedestrian and art areas. SECTION 3.7 OTHER PROJECT POLICY CONSIDERATIONS Is the project inside the DMC Development District? Yes, the Proposed Project is inside of the DMC Development District. If the project is not inside the DMC Development District, are they asking for a boundary change? NA If so, are the recommended changes: •Limited to the area required to support the project request? Yes •Consistent with the core strategies and planning documents? Yes •Essential to the strategies and/or catalytic to growth under the DMC Development Plan? Yes Does the project include any distinctive social and/or community benefits that are not specifically required by the DMC Act? The Rochester 1st Ave Mixed-Use Development incorporates social and/or community benefits that are not specifically required by the DMC Act. Public amenities include the addition of new short term on- street parking for commuters to engage with local retailers and commercial tenants for 1st Avenue and approximately 9,000 SF of new retail space which does has is not dislocating any existing or local businesses. 192 D. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. ___-2017 Approving the Urban on First Development, With Conditions BACKGROUND RECITALS A.Under Minnesota Statutes, Section 469.41 Subdivision 13, a project must be approved by the Destination Medical Center Corporation (“DMCC”) before it is proposed to the City of Rochester (the “City”). The DMCC must review the proposed project for consistency with the Development Plan, adopted by the DMCC on April 23, 2015 (the “Development Plan”). B.By correspondence to the DMCC dated February 1, 2017, and attached hereto as Exhibit A, the City has requested approval of the Urban on First development project (the “Proposed Project”), and that City expenditures and financing in the amount of up to $3,800,000 be credited to the City’s $128,000,000 local contribution as required by statute. The City’s expenditures and financing include funding from tax increment financing bonds. C.Pursuant to Minnesota Statutes, Section 469.47, subdivision 4, the City’s local match contribution may be provided by the City from any source identified in Minn. Stat. Section 469.45 and any other local tax proceeds or other funds from the City and may include providing funds to assist developers undertaking projects in accordance with the Development Plan or by the City directly undertaking public infrastructure projects in accordance with the Development Plan, provided the projects have been approved by the DMCC. D.Pursuant to Minnesota Statutes, Section 469.45, Subdivision 4, the City may elect to establish one or more redevelopment tax increment financing districts within the Development District to fund public infrastructure projects. E.Minnesota Statutes, Section 469.40, subdivision 11, defines “public infrastructure project” as “a project financed in part or in whole with public money in order to support the medical business entity's development plans, as identified in the DMCC development plan” and expressly includes, among other items, the ability to (1) acquire real property and other assets associated with the real property; . . . (4) install, construct, or reconstruct elements of public infrastructure required to support the overall development of the destination medical center development district including, but not limited to, streets, roadways, utilities systems and related facilities, utility relocations and replacements, network and communication systems, streetscape improvements, drainage systems, sewer and water systems, subgrade structures and associated improvements, landscaping, facade construction and restoration, wayfinding and signage, and other components of community infrastructure; (5) acquire, construct or reconstruct, and equip parking facilities and other facilities to encourage intermodal 193 transportation and public transit; . . . and (7) make related site improvements including, without limitation, excavation, earth retention, soil stabilization and correction, and site improvements to support the destination medical center development district; . . . . F.The site of the Proposed Project is located in the development district boundaries as adopted in the Development Plan (the “Development District”) and in the Discovery Square district as described in the Development Plan. G.The City and the Destination Medical Center Economic Development Agency (the “EDA”) have examined the Proposed Project, applying the evaluation factors contained in the Development Plan, and now recommend the Proposed Project for approval. Copies of those reports are available and on file with the City and the EDA. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Destination Medical Center Corporation Board of Directors, that the DMCC finds that the Proposed Project is a public infrastructure project within the meaning of Minnesota Statutes, Section 469.40, subdivision 11, which provides for: acquiring real property and other assets associated with the real property; installing, constructing or reconstructing elements of public infrastructure required to support the overall development of the Development District; acquiring, constructing or reconstructing, or equipping parking facilities and other facilities to encourage intermodal transportation and public transit; and making related site improvements; and that the DMCC approves the Proposed Project as consistent with the Development Plan. BE IT FURTHER RESOLVED, that the DMCC approves the Proposed Project for the purposes of Minnesota Statutes, Section 469.47, subdivision 4, and supports the certification of the City’s expenditures of up to $3,800,000 in tax increment financing identified in the Proposed Project, upon final approval by the City, subject to approval and certification by the State of Minnesota, Department of Employment and Economic Development, as part of the City’s $128,000,000 local contribution. BE IT FURTHER RESOLVED, that the approvals contained herein are expressly contingent upon the following: 1) evidence of financing satisfactory to the Board or Executive Committee, such evidence to be presented within 90 days; and 2) as compared to the specifications of the Proposed Project set forth in Exhibit A: if there is an increase or decrease in the floor area ratio of the Proposed Project that will result in more than a ten percent (10%) change, or one of the approved uses of a multi-use project is eliminated, then the Proposed Project must return to the DMCC Board for reconsideration of the approvals contained herein. BE IT FURTHER RESOLVED, that the Chair or the Treasurer of the DMCC is authorized to take such actions as are necessary and appropriate to effectuate the findings and approvals of this Resolution. 867943-7.DOCX 194 EXHIBIT A CITY OF ROCHESTER CORRESPONDENCE 195 ROCHESTER FIRST CLASS CITY • FIRST CLASS SERVICE February 1, 2017 Tina Smith Chair, DMCC Board of Directors 130 State Capital 75 Rev. Dr. Martin Luther King Jr. Boulevard St. Paul, MN 55155 TERRY A. SPAETH Redevelopment Director City Administrator's Office 201 4th Street S.E., Room 266 Rochester, MN 55904-3781 507-328-2000 Fax 507-328-2727 Re: DMCC Board approval for the Titan/ Opus Urban on 1st Development Project Dear Chair Smith and DMCC Boardmembers: The City of Rochester provides the following information relating to the Urban on 1st Project for your consideration at your February 8, 2017 meeting. 1.DMCC Board action requested. Grant approval of the prepared resolution to approve the Urban on 1st Development (herein after "Project") as a DMC Public Infrastructure Project that is consistent with the DMC Development Plan. The approval as a DMC public infrastructure project by the DMCC Board is required before the City Council can act to approve it as a DMC Public Infrastructure Project. Such approval would need to be made contingent upon the City of Rochester's subsequent approval: of the Project as a DMC Public Infrastructure Project and of the Development Assistance Agreement (DAA) for the Project. 2.Current project status/schedule. The City of Rochester has land use, planning and zoning authority for all projects in the City including within the DMC Development Plan Area. In addition the City has the authority to provide financial assistance, if needed, to assist in the development of projects through Tax Increment Financing (TIF) including the authority to establish TIF districts within the DMC Development Plan area. The DMC legislation authorizes the City's use of TIF for DMC projects and to receive credit for the TIF financial assistance provided to DMCC Board approved projects towards the City's required $128 Million local contribution. � Land Use and Zoning Status. On Wednesday, January 4, 2017 the Project received unanimous approval of the City Council for the Incentive Development Preliminary Plan. The developer has submitted the Incentive Development Final Plan application and the City Council will consider approval of the Incentive Development Final Plan for the Project at a public hearing, in March, 2017. The City approves incentive development projects under a two-phase process involving review of a preliminary plan at public hearings before both the City Planning and Zoning Commission and the Rochester City Council and consideration of a Final Plan at the J!n Tqua[ Opportunity 'Empfo!Jer EXHIBIT A to Resolution D 196 City Planning and Zoning Commission as a non-hearing item, followed by the third public hearing at the City Council. If the City Council approves the Final Plan after the public hearing, that would provide the final land use approval needed for the Project. If the land use is approved a separate City Public Works Development Agreement (DA), addressing public infrastructure construction and utility service matters, would also need to be considered and approved by the City Council in order for the Project to proceed. h., Establishment of Tax Increment Financing (TIF) District and Development Assistance Agreement (DAA). The land use approvals would allow the Project to proceed to construction by the developer and are independent of any financial assistance considerations or approval as a DMC Public Infrastructure Project. However, the Developer has indicated that even with the land use approvals in hand the Project would not be able to proceed to construction and be financially feasible without or "but for" some financial assistance from the City or the DMCC. The developer has provided detailed financial information to document the need for $4 Million in assistance to close the financial "gap" for this Project. As the DMCC Board is aware, the potential receipt of State DMC funding will grow over time but is lower/limited in these early years until private capital investments increase well beyond the minimum threshold for State DMC funding of $200 Million. As both an alternative to State DMC funding to fund early stage DMC projects and in order to retain future bonding capacity for future DMC capital needs, the City can utilize its authority to establish a tax increment financing district within the DMC Development Plan Area to provide financial assistance through TIF to allow the project to proceed. The City Council will consider establishment of a tax increment district and terms and conditions of a Development Assistance Agreement (DAA) at its February 22, 2017 meeting, contingent upon final land use approval. In instances in which the City provides TIF financing for DMC Public Infrastructure Projects, the State legislation makes provision for the City to obtain credit for such costs towards its required $128 Million City DMC contribution. For the Urban on 1st Development project the staff will be recommending to the Mayor and City Council that the City provide $3.8 million of tax increment financing assistance for this Project. The Council will consider this as a component of the Development Assistance Agreement (DAA) at their meeting on February 22, 2017. It should be noted that the City staff has been working closely with the DMC EDA staff in the review of all aspects of this Project including the proposed amount of financial assistance that is recommended for the Project. The DMC EDA will be providing their comments on the Project separately and independently from the City staff. The DMC EDA staff and the City staff are in agreement concerning the recommended amount of assistance and the developer has indicated that they can proceed with the Project with that $3.8 million level of assistance. Approval by the DMCC Board of the Urban on 1st Development Project as a DMC Public Infrastructure Project will also mean that DMC provisions relating to prevailing wage rates, WMBE, and American-made steel will also apply for the construction of the Project. The City staffs review of the financial information provided by the developer which showed a financing gap, was based on our experience in reviewing many other TIF projects over the years and a financial analysis of the submitted developer information by Springsted, Inc., the 197 City's financial consultant, which performs such reviews for many communities. The public assistance comprises approximately 1/lOth of the project development cost. In the instance of this Project there would be a conservatively estimated 25% of the total TIF proceeds available for other public improvements within the district. The City staff believes that these are supportable measures for this Project. 3.Financial Impact Information. The request for public funding, as a proposed Public Infrastructure Project, is what requires DMCC approval before the presentation to the City Council. a.Urban on 1st Capital Project Investment. (1)General State Infrastructure Aid (GSIA). The Urban on 1st project developers have submitted information that shows that the overall project cost is estimated at $38.1 Million. That $38.1 Million investment is multiplied by 2.75% to determine the amount of General State Infrastructure Aid {GSIA) payments that investment may be equal to annually, which is $1,047,750. Under the City "pay as you go" TIF approach however, the annual GSIA payments will start lower than that and will grow to the$1,047,750 over several years. (2)State Transit Aid (STA). That same $38.1 Million investment amount is multiplied by 0.75% to determine the State Transit Aid (STA)annual payment equivalent amount, which is $285,750 per year payable annually over several years, but lower in earlier years as noted in (1) above. An estimated 40% of the annual STA amount would be from the required local match provided by Olmsted County. (3)City TIF Contribution. The State GSIA can only be received if sufficient matching dollars have been spent by the City at the rate of $1 City to secure $2.55 GSIA. The proposed City TIF contribution of $3.8 Million is multiplied by 2.55 to determine the amount of GSIA that can be secured from that $3.8 million matching contribution, which is $9.69 Million. In the early years of the DMC initiative, the City expenditures will result in excess credits towards future State GSIA payments until the capital investments catch up. Those excess credits will carry forward for later years of the DMC initiative. 4.Summary of the Proposed Project. a.The applicant is proposing a 6 story, 156 unit market rate rental apartment project, that also has approximately 9000 square feet of commercial retail space on the ground floor along the 1st Avenue SW frontage. The project contains 162 structured parking spaces, enclosed within the development site. The project is located south of 4th Street SW and has building frontage along both South Broadway and 1st Avenue SW and is located within the DMC Discovery Square subzone. b.From the developer submissions: "The primary goal of the development is to provide the level of vitality that this prominent site deserves. In its current state as a surface parking lot, an opportunity has been found to enhance the 1st Avenue pedestrian experience. This site serves as an outstanding in-fill site in the Discovery Square district of the Destination Medical Center (DMC) District of Rochester. Enhancing the vibrancy of this site will contribute to the 198 liveliness and character of 1st Avenue and Rochester as a whole. This mix of residential and retail uses will attract more activity to the site at all hours. 5.How does the proposed Project address the DMC Development Plan goals and objectives? {these are addressed more thoroughly in the developer's application and in the DMC EDA report, but these are a few that the City staff would note): a.The Project is within the DMC Discovery Square subzone and the proposed mixed use development acts as a catalyst by providing a density of housing that supports the existing commercial development in the vicinity and will support additional development within the Discovery Square subzone. b.The Project will provide a capital investment of $38 million within the DMC development plan area. c.The Project provides for commercial and retail space to activate the ground level along the l 51 Avenue corridor, which functions as a "Main Street" for retail and downtown vibrancy, which is consistent with the Rochester Downtown Master Plan. d.It has been conservatively estimated by the City staff that approximately 25% of the TIF created by the project will be available for other DMC District public realm improvements. e.The project develops an underutilized property (surface parking) along the downtown's major pedestrian street with a development that provides an excellent opportunity for persons to live in proximity to their workplace and minimize auto dependency. f.The project is bicycle and pedestrian oriented, and is also adjacent to transit routes. �Y;;:ted, Terry Spaeth Redevelopment Director 199 This Page is Intentionally Left Blank 200 Mortenson Project: Proposed Project in Discovery Square 201 DISCOVERY SQUARE PHASE 1 202 Table of Contents Project Updates Phase 1 Project Team Connection with DMC Development Plan Project Precedents Schedule / Next Steps 203 Discovery SquareProject Updates Progress to Date Mortenson Development announced as Developer –September 2016 National Search for AE Partner –November -December 2016 Selection of Project Partners –December 2016 Kick Off Meeting –January 5th, 2017 Environmental Investigation & Soil Borings –Completed Jan. 16th 2017 Visioning Session #1 –January 13th, 2017 Tenant Recruitment Strategy Kick-Off Meeting –January 20th, 2017 204 Discovery SquareProject Team 205 Discovery SquareConnection to DMC Development Plan Intentional consideration of and connection to DMC Development Plan Creation of an ecosystem that fosters “orchestrated serendipity” Focused on Placemaking Conscious of Lifestyle Accelerating the continuum of care Phasing and Sequencing Minority Owned Business and Women Owned Business inclusion Sustainability 206 Discovery SquareProject Precedents 207 Discovery SquareSchedule / Next Steps 2017 Project Outlook Visioning Session #2 –January 27th, 2017 Market Study –January –April 2017 Tenant Recruitment and Lease Negotiations –February –October 2017 Concept Design –February 2017 GeoTech Stage 2, Phase 1 Investigation –February 2017 Schematic Design –March 2017 Site Plan Submission –April 2017 Design Development –July 2017 Construction Documents –October 2017 Permitting, City & DMC Approvals –July to October, 2017 Close on Financing –4th Qtr 2017 Commence Construction –4th Qtr 2017 Initial Occupancy –1st Qtr 2019 208 Subdistrict Update Heart of the City: Public Realm Design 209 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn HEART OF THE CITY DESIGN UPDATE DMCC Board Presentation 02.08.2017 210 HEART OF THE CITY SCOPE + SCHEDULE 211 RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn Complete [Discover | Dream | Design | Do] project work plan + deliverables Public Presentation October WE A R E H E R E December January February March April May DELIVERABLES / OUTCOMES DISCOVER DREAM DESIGN DO RESEARCH REVIEW + KNOWLEDGE SHARING INTERVIEWS, RESEARCH + OBSERVATION RESEARCH SYNTHESIS RESEARCH SHARING + REPORT DEVELOPMENT DISCOVER PRESENTATION CONSOLIDATE BASE DATA DESIGN FRAMEWORKS BASED ON DISCOVERY CURATE COMMUNITY OUTREACH STAKEHOLDER & COMMUNITY DESIGN WORKSHOPS CONSOLIDATE DESIGN FRAMEWORK DREAM PRESENTATIONS DESIGN CONCEPTS OPERATIONS + MAINTENANCE STRATEGY CONCEPT DESIGN PRESENTATION TEST KEY IDEAS & GATHER INPUT / SCHEMATIC DESIGN 50% FULL SCHEMATIC DESIGN PRESENTATION IMPLEMENTATION PLANNING PHASING RECOMMENDATIONS FINAL DOCUMENTATION FINAL UPDATE 2016 2017 Completed user research and synthesis. Site analysis. Research report documentation and sharing with design team and project stakeholders. Identification of ideal experience for all primary user groups. Development of design parameters based on discovery work and site parameters. Programming report of spatial analysis and technical demands for program elements. Organize and curate a community design workshop, and celebrate/promote findings at SocialIce. Consolidate design frameworks from all collected information. Build a framework, create the ideal user experience. Concept Design presentation, documenting a series of strategies and options and how each integrates the data and documentation of the previous phases. Test key concepts and gather community input. Design Presentation Implementation strategy: a phasing road map, a plan for developing an implementation partnership structure, and site management and maintenance opportunities. 25th 27th 16th 20th 6th 3rd 15th 27th DMCC - 3rd or 4th Thursday before 12:00 PM, Bi-Monthly HoC CAC - (1) Week Prior to DMCC Board Meetings, and as Needed City Council, Committee of the Whole - Each Monday @ 3:30 PM MILESTONE MEETINGS SocialIce: 16,17,18 19th 17th 17th 23rd 26th tbd tbd tbd Community Engagement Activity confirmed confirmed 8th 212 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn SCOPE + DELIVERABLES PHASE ITEMS PHASE ITEMS PHASE ITEMS PHASE ITEMS RESEARCH REVIEW + KNOWLEDGE SHARING INTERVIEWS, RESEARCH + OBSERVATION RESEARCH SYNTHESIS RESEARCH SHARING + REPORT DEVELOPMENT DISCOVER PRESENTATION CONSOLIDATE BASE DATA DESIGN FRAMEWORKS BASED ON DISCOVERY CURATE COMMUNITY OUTREACH STAKEHOLDER & COMMUNITY DESIGN WORKSHOPS CONSOLIDATE DESIGN FRAMEWORK DREAM PRESENTATIONS DESIGN CONCEPTS OPERATIONS + MAINTENANCE STRATEGY CONCEPT DESIGN PRESENTATION TEST KEY IDEAS & GATHER INPUT / SCHEMATIC DESIGN 50% FULL SCHEMATIC DESIGN PRESENTATION IMPLEMENTATION PLANNING PHASING RECOMMENDATIONS FINAL DOCUMENTATION FINAL UPDATE eam | Design | Do] project work plan + deliverables Public Presentation October November December January February March April May DELIVERABLES / OUTCOMES GN 50% 2016 2017 Completed user research and synthesis. Site analysis. Research report documentation and sharing with design team and project stakeholders. Identification of ideal experience for all primary user groups. Development of design parameters based on discovery work and site parameters. Programming report of spatial analysis and technical demands for program elements. Organize and curate a community design workshop, and celebrate/promote findings at SocialIce. Consolidate design frameworks from all collected information. Build a framework, create the ideal user experience. Concept Design presentation, documenting a series of strategies and options and how each integrates the data and documentation of the previous phases. Test key concepts and gather community 25th 27th 16th 20th 6th 3rd 15th 27th Monthly gs, and as Needed day @ 3:30 PM SocialIce: 16,17,18 19th 17th 17th 23rd 23rd 26th 26th tbd tbd tbd tbd confirmed confirmedWE ARE HEREDREAMDISCOVER DESIGN DO 213 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn SUMMARY OF DISCOVERY PHASE DISCOVERY Qualitative research was performed over 2 months in varied locations focusing on the needs of our key market segments: visitors, patients, community and stakeholders. We sought to uncover what is uniquely Rochester, and what promotes healing and connection. Compassion is in our DNA, healing is deeply personal and comes in many forms. The design research was branded to the DMC to support an awareness of the project and it’s outreach to community. People in the community were excited to participate. The final Discovery report identifies and insights and recommendations that are informing experience design framework for the Heart of the City. “It’s the people.” We are diverse. We are a uniquely compassionate group of people who step in when a need is present. 214 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn EXPERIENCE DESIGN OPPORTUNITIES Clear aspects of our constiuent’s ideal desired experiences were uncovered. For example connections are important in different ways to different constituents: to nature (patients), to each other (community), to self (patient/patient families), activity (residents) and to resources (visitors). LEVERAGE OUR UNIQUENESS CREATE EXPERIENCE ZONES TO SUPPORT OUR DIFFERENT USER NEEDS REMOVE BARRIERS: FROM PHYSICAL TO REGULATORY ELEVATE HEALTH + HEALING TO AN ART BE A KNOWLEDGEABLE 360º RESOURCE PROMOTE DEEP MUTUAL CONNECTIONS BETWEEN VISITORS + RESIDENTS BE PROUD OF THE CONTRAST + UNIQUENESS HERE, YOU HAVE TIME REVEAL THE MAGIC SUMMARY OF DISCOVERY PHASE 215 HEART OF THE CITY URBAN FRAMEWORK 216 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn 3 R D A V E N U E STUDY AREA Heart of the City 2ND STREET 2ND STREET B R O A D W A Y A V E N U E 1S T A V E N U E CENTER STREET 2 N D A V E N U E CIVIC CENTER CITY HALLHISTORIC 3RD DISCOVERY SQUARE UMR CAMPUS HEART OF THE CITY 217 HEART OF THE CITY DESIGN PRINCIPLES 218 MAKE IT ROCHESTER 219 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn AUTHENTIC + CONTEXTUAL 220 MAKE IT A DESTINATION 221 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn HOME GROWN + WORLD RENOWNED 222 MAKE IT BIG + KEEP IT SMALL 223 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn BLEND BIG CITY + SMALL CITY, OLD + NEW 224 REVEAL THE UNSEEN 225 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn REVEAL THE MAGIC OF MAYO 226 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn SHARE STORIES OF VISITORS AND RESIDENTS 227 MAKE IT ABOUT LIFE 228 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn EVENTS + ACTIVITIES FOR A DIVERSITY OF PEOPLE THROUGHOUT THE DAY 229 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn VALUE THE QUALITY OF SMALL SHOPS + KEEP IT UNIQUE 230 MAKE IT ABOUT ART 231 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn INNOVATIVE + ENERGETIC + CONTEMPLATIVE 232 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn INTERACTIVE + TRANSFORMATIVE + CONTEXTUAL 233 MAKE IT ABOUT HEALING 234 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn MOMENTS OF REPOSE IN AN URBAN SETTING 235 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn MOMENTS OF NATURE INSIDE/OUTSIDE 236 MAKE IT INVITING 237 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn FLEXIBLE + DIVERSE PLACES TO GATHER 238 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn YEAR-ROUND USE + PROGRAMMING 239 MAKE IT BRIGHT 240 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn INTEGRATED LIGHTING 241 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn EXPERIENTIAL LIGHTING 242 MAKE IT CONNECTED 243 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn CONNECT THE SKYWAY, STREET + SUBWAY 244 MAKE IT GREEN 245 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn URBAN + NATURAL 246 MAKE IT CONTEXTUAL 247 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn HEART OF THE CITY Study Area GONDA BLDG BRO A D W A Y A V E N U E3RD AVECE N T E R S T 2N D S T 248 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn BR O A D W A Y A V E N U E 3 R D A V E GONDA BLDG WELLS FARGO CHATEAU BARNES & NOBLE SHOPS @ UNIVERSITY SQUARE ROSA PARKS PAVILION MAYO BLDG KAHLER HOTEL MARRIOT HOTEL SIEBENS BLDG PLUMMER BLDG CENTER PLACE EXISTING PLAZA USE PATIENTS + COMMUNITY MEMBERS SEPARATED IN PLAZA CENTER ST 2ND ST PA T I E N T COMMUNITY 50’ 249 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn BR O A D W A Y A V E N U E 3 R D A V E GONDA BLDG WELLS FARGO CHATEAU BARNES & NOBLE SHOPS @ UNIVERSITY SQUARE ROSA PARKS PAVILION MAYO BLDG KAHLER HOTEL MARRIOT HOTEL SIEBENS BLDG PLUMMER BLDG CENTER PLACE CENTER ST 2ND ST COMMUNITY + PATIENT 50’ CREATE AN INVITING PUBLIC REALM FOR BOTH COMMUNITY + PATIENTS TO BELONG 250 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn BR O A D W A Y A V E N U E 3 R D A V E GONDA BLDG WELLS FARGO CHATEAU BARNES & NOBLE SHOPS @ UNIVERSITY SQUARE ROSA PARKS PAVILION MAYO BLDG KAHLER HOTEL MARRIOT HOTEL SIEBENS BLDG PLUMMER BLDG CENTER PLACE CENTER ST 2ND ST 50’ CREATE MAGNETIC EXPERIENCES TO DRAW PEOPLE IN AND THROUGH PLAZA **ENGAGING I N V I T I N G I N V I T I N G IN V I T I N G I N V I T I N G I N V I T I N G IN V I T I N G DESTINATION DESTINATION 251 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn BR O A D W A Y A V E N U E 3 R D A V E GONDA BLDG WELLS FARGO CHATEAU BARNES & NOBLE SHOPS @ UNIVERSITY SQUARE ROSA PARKS PAVILION MAYO BLDG KAHLER HOTEL MARRIOT HOTEL SIEBENS BLDG PLUMMER BLDG CENTER PLACE CENTER ST 2ND ST 50’ CREATE MEANINGFUL DESTINATIONS THROUGHOUT PLAZA TO ORIENT + ENGAGE PEOPLE D E S T I N A T I O N DESTINATION DESTINATIONGONDA LOWER LEVEL PLAZA STREET LEVEL SKYWAY UPPER LEVEL SKYWAY UPPER LEVEL SUBWAY LOWER LEVEL 252 MAKE IT WORK 253 HEART OF THE CITY DESIGN TEAM RSP + Coen+Partners + 9.Square + HR&A Advisors + Kimley-Horn BALANCE VARIOUS DESIGN DRIVERS STAKEHOLDER + COMMUNITY SUPPORT CONTEXTUAL + AUTHENTIC SITE CONSTRAINTS + SEASONALITY ECONOMIC VIABILITY 254 TO:  Jim Bier, Treasurer  Kathleen Lamb, Attorney  FR:  Dale Martinson, Assistant Treasurer  Date:  January 18, 2017  RE:  December 2016 Financial Budget Summary  The attached summary for December 2016 reflects expenditures to year end 2016 of  $2,023,591.  The total remaining 2016 budget of $2,237,221 represents 53% of the original with  one MAP request of $229,119.22 outstanding plus some smaller operational accrued expenses  yet to be recorded into this fiscal year.  The December DMCC direct cost section reflects $49,313 primarily representing insurance  charges and legal services.  The DMC EDA costs are billed through both the Master Application  for Payments (MAPs) for outside contractors and through working capital loan advances for the  EDA payroll and other operational expenses.  DMC EDA Payroll and Operational expenses paid  through July amounted to $629,379 with contract payments through the MAP process totaling  $1,128,417.  Details of those contract payments including remaining contract commitments can  be found on the third through fifth pages of the summary as provided by the DMC EDA.  The second page of this summary now reflects DMCC approved CIP project costs that are being  implemented by the City. Total capital expenditures in 2016 amounted to $8,286,798.24.  That  represents an increase from the prior month of $246,326.58 and primarily shows up in the  street study work underway.  Please keep in mind that this is not a final 2016 report as it does not reflect accrued expenses  that existed at 12/31/2016.  We will be recording those over the next couple months and  reconciling these numbers with the DMC EDA staff in preparation for the audit work soon to  begin.  Please feel free to contact me with any questions or concerns.  255 Destination Medical Center Corporation Financial Budget Summary December 2016 2016 Approved Curent Month Dec 2016 Amount Percent Approved Budget Dec 2016 YTD Remaining Remaining DMCC Board Expenses 36,612 573 36,039 98% General Administrative Services 180,600 35,040 67,603 112,997 63% Professional Services 780,600 14,273 197,619 582,981 75% City Expenses 275,000 ‐ ‐ 275,000 100% Subtotal DMCC 1,272,812 49,313 265,795 1,007,017              79% Third Party Costs ‐ DMC EDA * Payroll, Staff, Administration & Benefits‐EDA 777,000 48,449 610,291 166,709 21% DMC EDA Operational Costs 163,000 20,892 47,268 115,732 71% Economic Development Outreach & Support 495,000 10,530 59,692 435,308 88% Professional Services 1,148,000 292,985 967,625 180,375 16% Miscellaneous Expenses 405,000 72,920 332,080 82% Subtotal EDA 2,988,000 372,856 1,757,796 1,230,204              41% Total DMCC 2016 4,260,812 422,169 2,023,591 2,237,221              53% * Note: An additional MAP request for December Expenses totalling $229,119.22 will be paid in Janua DMCC Working Capital Note 1,000  EDA Working Capital Note 50,000  256 DMCC Authorized CIP Projects Managed by the City of Rochester As of December 31, 2016 DMCC Project DMCC Project Revenues DMCC Project Expenditures to Date DMCC Project Budget 8611C- - Sn/S12AvSW/NW<2StSW>2StNW 3,940.13 300,000.00 8612C- - WZmbrRvrSn/SRlfLin<CookPk>CCDr 200,000.00 8613C- - ChateauTheatrePre-OccupancyM&O 2,655.25 66,045.48 500,000.00 8614C- - DMCTransit&InfrastrctrPgrmMgmt 239,700.00 546,003.45 500,000.00 8617C- - Broadway @ Center Parking Ramp 10,500,000.00 8618C- - SharedParkngStudy&PrgmDevlpmnt 336,424.87 200,000.00 8620C- - City Loop Plan 157,651.19 200,000.00 8621C- - Transit Circulator Study 630,150.00 198,409.07 538,535.00 8623C- - DMCC Street Use Study 630,150.00 367,742.80 775,465.00 8624C- - ChateauTheatreBldgImprov/Purch 500,000.00 6,548,057.75 8625C- - Heart of the City 62,523.50 Grand Total 2,002,655.25 8,286,798.24 13,714,000.00 Prior Month 8,040,471.66 Change 246,326.58 257 258 259 260 Energy Position Update To: DMCC Board of Directors From: DMC EDA Staff Date: February 1, 2017 Highlights: With help from Center for Energy and Environment, McKnight Foundation, and the Energy Integration Committee, DMC developed a job description for our McKnight-funded Energy and Sustainability Director position. The Energy Integration Committee includes representatives from the City of Rochester, Olmsted County, Mayo Clinic, Rochester Public Utilities, Minnesota Energy Resources Corp., and DMC EDA. After multiple rounds of interviews with highly qualified candidates the committee made their selection. Please see the attached resume for Kevin Bright, who has accepted the offer to serve as he DMC Energy and Sustainability Director. Next Steps: The Energy and Sustainability Director will begin in March, 2017. 261 KEVIN S. BRIGHT [CEM, LEED AP BD+C, Homes, O+M] 63 Highland Drive, Oakland, ME 04963 207-861-2063 | kbright24@gmail.com BIOGRAPHY Kevin Bright, CEM, LEED AP BD+C, O+M, Homes, is the Sustainability Coordinator at Colby College. As Sustainability Coordinator, Kevin supports all facets of sustainability at the College including: occupant engagement programs, greenhouse gas accounting, third party certifications, new and existing building performance, renewable project development and demand management activities in the existing building stock. Currently, Kevin is managing an energy management program reduction program aimed to reduce energy consumption at the College by 20% over the next six years. Previously, Kevin worked as the Assistant Program Manager of the Green Building Services program at Harvard University in Cambridge, Massachusetts. The program supports Harvard schools and units in efforts to design, build, and operate their buildings more sustainably. His team helped identify opportunities for improving building performance and share best practices across the University. The seven (7) full-time Green Building Service staff also met with project teams to explain Harvard’s Green Building Standards, perform life-cycle costing analyses, facilitate green building trainings, conduct energy audits, commission new construction and commercial interior projects, and manage many of the University’s LEED green building certification efforts. During his five years of employment, Kevin gained experience on over fifty (50) LEED projects, commissioned over forty (40) spaces on Harvard campus and completed ASHRAE Level II energy audits on 70 campus buildings ranging in space types including: laboratory, office, classroom, data center, residential, dining hall, and library. In total, the Harvard Energy Auditing program he co-created identified over 750 energy conservation measures expected to save the University $1.5 million dollars annually and return on their investment in nearly 3 years. Additionally, as a Founding Principal of Ecolutions Sustainability Consulting, LLP, Kevin provides sustainability consulting, energy auditing, and commissioning services outside of Colby’s campus. Kevin also focuses on education in work outside of Colby. Kevin volunteers as a member of the United States Green Building Council (USGBC) Energy and Atmosphere Technical Advisory Group and has served as Chair since January 2015. This group meets biweekly to discuss issues with the LEED rating systems and provide expertise in forming the rating system to be released in 2013. Kevin has also taught as a faculty member at Boston Architectural College, an instructor at Middlesex Community College for LEED Credential Test Preparation courses, held Guest Lecturer positions at Harvard’s Extension School, taught a course at Colby College and has made many presentations at national Green Building and sustainable operations conferences. Kevin holds a Master of Arts in Energy and Environmental Analysis from Boston University, and a Bachelor of Arts from Middlebury College in Environmental Geology. PROFESSIONAL EXPERIENCE Colby College Sustainability Office: Sustainability Coordinator – Waterville, ME (May 2013 – Present) Direct sustainability efforts for new construction projects, renewable energy development, projects in existing buildings, and through sustainability engagement programs with students, faculty and staff Manage the College’s greenhouse gas accounting process and reporting Identify, evaluate, prioritize and implement energy conservation and renewable energy projects to reduce operating expenses Manage 25 student employees engaged in the student dormitory EcoRep program which promotes sustainable living and assists with sustainability related institutional research Ecolutions Sustainability Consulting, LLP: Co-Owner and Partner – Cambridge, MA (2011 – Present) Provide sustainable design and energy efficiency consulting services, full LEED administration, peer review, owner’s sustainability representation, energy auditing, program development and commissioning services to clients outside of Harvard Negotiate contracts and manage personnel in the completion of a variety of projects Harvard University Green Building Services: Assistant Program Manager – Cambridge, MA (May 2008 – May 2013) Hired as a Project Coordinator in May 2008, promoted to Senior Project Coordinator in July 2009, and further promoted to current role of Assistant Program Manager in September 2010. Manage the energy auditing, energy conservation measure implementation and commissioning services including managing workflow, securing new contracts, and developing client relationships Project manage LEED projects at Harvard, ranging in construction costs from $100K to $75 million Managed multiple personnel in the completion of commissioning, energy auditing, LEED administration, and green building and sustainability consulting TEACHING EXPERIENCE Colby College – Waterville, Maine (2015 – Present) Developed course materials for a three credit January Plan Course entitled Green Building Design for January 2015 and January 2016. Offered to 16-20 students each year. Harvard University Extension School: Lecturer – Cambridge, MA (2010 – Present) 262 Developed multiple presentation materials for the ENVR E119 Sustainable Buildings course Boston Architectural College: Lecturer – Boston, MA (September 2012 – May 2013) Developed material and lectures for a course entitled Sustainable Building Systems EDUCATION Boston University – Masters of Arts Energy and Environmental Analysis 2008 Built map of BU campus in ArcGIS and modeled the energy use index, water, and land use of 250 campus buildings, helped compile energy audit of 3 departments, and co-authored the final report Courses: Spatial Analysis using GIS, Multivariate Analysis for Geographers, Risk Assessment, Natural Resource Economics Middlebury College – Bachelor of Arts Environmental Studies and Geology Joint Major 2006 Completed thesis investigating source of naturally-occurring arsenic in private wells, Stowe, VT (2006) Dean’s List for three semesters CONTINUING EDUCATION AND CERTIFICATIONS AEE Certified Energy Manager Certification (Spring 2013) LEED AP: Homes Credential (Summer 2011) Siemens Building Technologies PPCL Programming (Spring 2010) Harvard University Extension School: Managing Yourself and Others (Fall 2010) LEED AP: Building Design and Construction Credential (Summer 2010) University of Wisconsin-Madison – Testing, Adjusting, and Balancing Course (Spring 2010) The Green Roundtable - Energy Modeling & Optimizing Energy Performance (Winter 2010) Harvard University Extension School: Project Management (Fall 2009) AEE Certified Energy Auditor (CEA certification pending Spring 2009) San Diego State University (2009) - Solar Energy Conversion; Energy Auditing: The Metrics of Green Building Northeastern University (Winter 2009) - Commissioning of Mechanical Systems; HVAC Design 1 LEED AP: Operations and Maintenance (Winter 2009) Tufts University – Post Baccalaureate (Spring 2008) - Courses: Calculus 2; Community Economic Development; Methods of Environmental Impact Assessment; Urban Green Design Eagle Scout Award (Spring 2001) - Provided local meeting hall with universal access after constructing a ramp and landing PRESENTATIONS “Life after achieving your CAP Goals: What are teaching moments for others and how do you plan for the next big thing,” Panel Presentation AASHE National Conference, 2015, Minneapolis, MN “Non-Profit Non-Starters? Using Creative Economic Levers on Campus,” AASHE National Conference, 2014, Portland, Oregon and Greenbuild International Conference, 2014, New Orleans, LA “Building Blocks of Integrated Design: Goal-setting Charettes Using the Nominal Group Technique,” AASHE National Conference, 2013, Nashville, Tennessee “Institutionalizing Green Buildings: A Case Study of Constructing, Operating and Maintaining High Performance Buildings at Harvard University;” APPA National Conference, Boston, MA “Internal Energy Auditing to meet Portfolio-wide GHG Reduction Goals;” AASHE National Conference, Denver, CO “Building Weatherization Planning through Cross-Campus Collaboration;” AASHE National Conference, Denver, CO “Internal Energy Auditing to Realize Portfolio-wide GHG and Energy Reduction Goals;” NESEA Regional Conference, Boston, MA “Sustainable Building and Construction: Myths and Realities;” Lisbon, Portugal “Designing, Benchmarking and Maintaining a High Performance Building: The Path from LEED NC Platinum to LEED EB Platinum at 46 Blackstone,” ASHRAE High Performance Buildings Conference, San Diego, CA “Expect the Unexpected: Systematic Post-Occupancy Evaluation” Greenbuild 2012, San Francisco, California VOLUNTEER WORK AASHE STARS Technical Advisor – March 2014 - present USGBC Maine Chapter: Board Member – December 2013 – present Sustain Mid-Maine Coalition (SMMC) Board Member – June 2015 - present Energy and Atmosphere: Technical Advisory Group Chair – United States Green Building Council (2011 – present, elected chair in January 2015) AASHE National Case Study Award Winner Judge (2011)263 Proposed Development: Chateau Theatre To: DMCC Board of Directors From: DMC EDA Staff Date: February 1, 2017 Overview: In 2015, the City of Rochester, with a considerable contribution from Mayo Clinic, purchased the historic Chateau Theatre on Rochester’s Peace Plaza. The theatre has been closed to public events while a City- and DMC EDA-led task force considers how to repurpose the theatre. A consulting team led by Miller Dunwiddie has completed various analyses of the property related to its current floor space, possible renovation plans, and the management, control, and funding structures necessary to support such a venue. Their report was presented to the Reuse Task Force and City Council Committee of the Whole in November. Next Steps: City Council asked that there be further exploration of several key elements from the report: a)Relationship of Chateau Theatre physical space and financing to other adjacent public and private projects; b)Consideration of alternative sources for capital funding, inclusive of and in addition to DMC funds; c)Further study of the proposed business model and operating income, particularly in the context of other city-supported arts organizations. We are working with city staff, adjacent property owners, and others in this next phase. 264 Metrics Update To: DMCC Board of Directors From: DMC EDA Staff Date: February 2, 2017 Overview: Wilder Foundation has continued to be a valued partner in gathering the indicator metrics for the DMC dashboard. Updated 2014 and 2015 data has started to be collected and compiled into the dashboard. DMC EDA staff continue to refine the presentation format while incorporating the updated data for the dashboard. Next Steps: An updated dashboard will be shared with the DMCC Board on April 27, 2017 along with a plan to publish the dashboard and incorporate an interactive webpage model. 265 266 Active Projects in DMC District Development: Residence at Discovery Square Developer: Vance Sr. & Barbara Vinar Purpose: Residential Subdistrict: Discovery Square Location: Third Ave. SW and Sixth St. SW Status: Proposed Development: Associated Bank Developer: Bloom Properties Purpose: Office Subdistrict: Downtown Waterfront Location: Broadway Ave. S and Second St. SE Status: Under Renovation Development: Urban on First Developer: Titan Investments and OPUS Group Purpose: Residential Subdistrict: Discovery Square Location: Between First Ave. SW and Broadway Ave. S. Status: Proposed Development: Titan Hilton Hotel Developer: Titan Investments Purpose: Hotel/Retail Subdistrict: Downtown Waterfront Location: Broadway Ave. S and Center St. E. Status: Under Construction Development: Mortenson Developer: M.A. Mortenson and Mayo Clinic Purpose: Research & Innovation Subdistrict: Discovery Square Location: First Ave. SW Status: Proposed Development: Bloom Developer: Bloom Properties and City of Rochester Purpose: Mixed-Use Subdistrict: Downtown Waterfront Location: Riverfront near Second St. SE and Broadway Ave. S Status: Proposed Di s c o v e r y S q u a r e Do w n t o w n W a t e r f r o n t Development: Flats on Fourth Developer: Stencil Group Purpose: Residential, Affordable Housing Subdistrict: Downtown Waterfront Location: Fourth St. and Third Ave. SE Status: Under Construction 267 Active Projects in DMC District Development: First Avenue Flats Developer: Joseph Development Purpose: Residential, Affordable Housing Subdistrict: Central Station Location: Civic Center Dr. and Broadway Ave. N. Status: Under Construction Development: Lofts at Mayo Park Developer: Pougiales Trust properties Purpose: Residential Subdistrict: Downtown Waterfront Location: Sixth Ave. SE Status: Under Construction Development: Heart of the City North Developer: Hammes Company Purpose: Hotel/Residential/Retail Subdistrict: Central Station Location: Center St. W. and First Ave. N. Status: Proposed Development: Alatus Development Developer: Alatus, LLC Purpose: Residential, Retail Subdistrict: Saint Marys Place Location: Second St. SW and 14th Ave. SW Status: Approved Development: Chateau Theatre Developer: City of Rochester Purpose: TBD Subdistrict: Heart of the City Location: Peace Plaza Status: Completed Report Development: Heart of the City Public Space Developer: City of Rochester and RSP Architects Purpose: Public Space Subdistrict: Heart of the City Location: Heart of the City Status: Studies Underway Do w n t o w n Sai n t M a r y s He a r t o f t h e C i t y Ce n t r a l S t at i o n Wa t erfront Pl a c e Development: Ronald McDonald House Rochester Developer: Ronald McDonald House Charities Purpose: Commercial/Residential Subdistrict: Saint Marys Place Location: Second Street SW Status: Under Construction/Addition 268 Saint Marys Place Update To: DMCC Board of Directors From: DMC EDA Staff Date: February 1, 2017 Background: The public design process initiated for the Saint Marys Place sub-district public realm continues to move forward. Following data collection, including a site visit to the Twin Cities, the design team led a process called a Design Sprint. This is an accelerated and in-depth engagement process to illustrate ideas and preliminary concepts to test out with the community. Following the results of this phase, three concepts were developed for community feedback. Feedback data were collected using on-line surveys (650 responses); intercept surveys (150); open houses (150+ attendees); prototype demonstration project (75 participants); and an independent survey by Post Bulletin regarding subway connection (11,000 responses). Eight key features emerged that will may find their way into a final design concept: 1.A single North South subway with dramatic public access courtyards; 2.Weather protection arcade system at street level; 3.Frequent pedestrian crossings at street level; 4.Wide sidewalks and four traffic (or transit) lanes; 5.North south greenway to Kutzky Park and Historic Southwest Neighborhood; 6.Strengthen 1st Street bicycle corridor; 7.Prominent transit nodes at key locations; 8.Create gateway features and neighborhood identity. Other ideas such as mid-block connections, restoring the alley system, activating the front lawn of St. Marys Place, turning 12th Avenue into a pedestrian plaza, and a more extensive subway system were also proposed. Next Steps: • Initiate prototyping/temporary demonstrations of project ideas; • Incorporate feedback and study findings into final concept for public consideration in Q12017. 269 Marketing and Communications Update To: DMCC Board of Directors From: DMC EDA Staff Date: February 1, 2017 Marketing: The DMC marketing campaign launched in September is showing great progress with good ranges for measurements against baselines. This is the high level awareness phase of the campaign with a strong digital presence resulting in increased web visits and engagement. Attached is the metrics analysis and the plan for 2017 which includes reaching target audiences for Discovery Square. Highlights of the metrics analysis for 2016: Substantial increase in sessions and page views versus the prior period: o 230% increase in sessions o 99% increase in page views Pages per session and session duration has dropped from September/October. Typically we see these numbers decline when we drive large volumes of new visitors to the site with paid media. New visitors are not as highly engaged with the brand and are still actively scanning versus more brand-aware return visitors who are likely to be spending more time with the site. The most popular page of the site in the November/December timeframe was the DocuMNtary page which had an average time on page of 5:13 and accounted for 38% of all page views in this timeframe. There was an increase of 849 Facebook fans, 80 new Twitter followers and 8 new Linked In followers in this timeframe. Facebook continues to be DMC's biggest social channel. Paid social placements on Facebook drove reach to over 1 million unique users while keeping the engagement rate high at over 3% (average is just over 2%) Our newsletter subscriptions grew from 1,891 to 2,847, a 51% increase from July to December. Communications: The DMC Website has been enhanced and will launch the end of January. New features of the Website include: Front page will incorporate the new “DMC in the Middle of Everywhere” campaign. Navigation bar on the masthead of the home page now includes most used pages. Maps of the DMC District now include dynamic content describing each project. 270