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Home My WebLink About3/23/2017 DMCC Executive Committee Meeting - Agenda and Meeting PacketDESTIN ATION MEDICAL CENTER CORPOR ATION (DMCC) EXECUTIVE COMMITTEE MEETING 9:00 A.M. THURSDAY, March 23, 2017 MAYO CIVIC CENTER - ROCHESTER This Page is Intentionally Left Blank DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE March 23, 2017 9:00 a.m. AGENDA Page I. Call to Order II. Roll Call III. Approval of Agenda…………………………………………………………………..1 IV. April 1 Report to DEED (Presenters: Gary Neumann and Brent Svenby, City; Lisa Clarke, DMC EDA; Doug Holtan, Mayo Clinic)………………………………..3 Resolution A: Authorizing April 1 Report to DEED Pursuant to Statute…………….5 V. Alatus Project (2nd Street SW): Update VI. Risk Management Resources, Inc.: Approval of Contract Extension Resolution B: Authorizing an Extension to the Risk Management Resources, Inc. Professional Services Agreement………………..13 VII. CliftonLarsonAllen: Approval of Contract Extension Resolution C: Authorizing an Extension to the CliftonLarsonAllen Professional Services Agreement……………………………………………………..15 VIII. Other IX. Adjournment 873280.DOCX 1 This Page is Intentionally Left Blank 2 Certification of Expenditures Destination Medical Center For Calendar Year 2016 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 2016, 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 for 2016 by Medical Business Entity1 $107,211,567 Total Expenditure Reported for 2016 for individuals and other private entities1,2 $38,089,951 TOTAL Expenditures for This Year $145,301,518 Cumulative Expenditures Cumulative Previous Expenditures $152,407,032 Previous Qualified Expenditures (Cumulative Previous Expenditures less $200,000,000 Required Initial Investment) $(47,592,968) TOTAL Expenditures This Year (from above) $145,301,518 Cumulative Qualified Expenditures as of 12/31/16 $297,708,550 State Aid Qualified for this Year (local government match also required) General State Infrastructure Aid Qualified for (Cumulative Qualified Expenditures less $200,000,000 Required Initial Investment multiplied by .0275) $2,686,985 State Transit Aid Qualified for (Cumulative Qualified Expenditures less $200,000,000 Required Initial Investment multiplied by .0075) $732,814 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: __________________________________________ _____________________________ Mayo Clinic Chief Financial Officer Date For all other Expenditures: __________________________________________ _____________________________ Destination Medical Center Corporation Date 1 Expenditures need to be after June 30, 2013. 2 Private expenditures for the period of July 1, 2013 – December 31, 2016, 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 calendar year 2017. 873745.DOCX 3 This Page is Intentionally Left Blank 4 A. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. ____-2017 Authorizing April 1 Report to DEED Pursuant to Statute BACKGROUND RECITALS A. Minnesota Statutes, Section 469.47, provides that by April 1 of each year, the medical business entity (Mayo Clinic) must certify to the Commissioner of the Department of Employment and Economic Development (“DEED”) the amount of expenditures made by Mayo Clinic in the preceding year. For expenditures made by an individual or entity other than Mayo Clinic, the Destination Medical Center Corporation (“DMCC”) must compile the information on the expenditures and may certify the amount to DEED. The certification to DEED must be in the form prescribed by DEED and include any documentation and supporting information regarding the expenditures that DEED requires. By August 1 of each year, DEED must determine the amount of expenditures for the previous year. B. Staff from the City of Rochester and the Destination Medical Center Economic Development Agency (“EDA”) have prepared the draft report, due on April 1, 2017, attached hereto as Exhibit A. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Destination Medical Center Corporation Board of Directors that the Chair or Treasurer of the DMCC is authorized to execute and submit the report to the Minnesota Department of Employment and Economic Development as required by Minnesota Statutes, Section 469.47, in form similar to the form attached hereto as Exhibit A, as may be modified through further discussions with Mayo Clinic or the City of Rochester, and to take such other actions as are necessary and appropriate to effectuate the timely submission of the report to DEED. 873325-3.DOCX 5 EXHIBIT A 6 7 8 9 10 11 12 B. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. ____-2017 Authorizing an Extension to an Agreement Between Destination Medical Center Corporation and Risk Management Resources, Inc., Subject to Successful Negotiation of Terms BACKGROUND RECITALS A. The Destination Medical Center Corporation (“DMCC”) and Risk Management Resources, Inc. entered into a Professional Services Agreement, dated July 12, 2014, as amended (the “RMR Agreement”) for risk management consulting services. The RMR Agreement terminated on December 31, 2016. B. The terms of the RMR Agreement provide an annual term, at a not-to-exceed amount of $20,000 per year. It is requested that the RMR Agreement be extended for a two-year term, at a not-to-exceed amount of $20,000 per year. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Executive Committee of the Destination Medical Center Corporation, that the Chair or Treasurer of the DMCC is authorized to negotiate and enter into an extension of the RMR Agreement, subject to the terms set forth in this Resolution. 874123-2.DOCX 13 This Page is Intentionally Left Blank 14 C. DESTINATION MEDICAL CENTER CORPORATION RESOLUTION NO. ____-2017 Authorizing an Extension to the Agreement Between Destination Medical Center Corporation and CliftonLarsonAllen, LLP, Subject to Successful Negotiation of Terms BACKGROUND RECITALS A. The Destination Medical Center Corporation (“DMCC”), together with the Destination Medical Center Economic Development Agency (“EDA”), issued a Request for Proposals for professional auditing services in 2015. The firm of CliftonLarsonAllen LLP (“CLA”) was selected. The DMCC and CLA entered into the CliftonLarsonAllen LLP Professional Services Agreement, dated May 11, 2015 (the “CLA Agreement”) which is a three- year engagement, terminating on December 31, 2017. The EDA entered into a similar three-year engagement with CLA. B. On behalf of the DMCC, the Assistant Treasurer of the DMCC, along with the EDA staff, recommends that the CLA Agreement be extended for an additional two years, provided that satisfactory terms can be agreed upon. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Executive Committee of the Destination Medical Center Corporation, that the Assistant Treasurer and legal counsel are authorized to negotiate terms for an extension of the CLA Agreement, subject to approval by the Chair or Treasurer of the DMCC. 873382-2.DOCX 15 This Page is Intentionally Left Blank 16