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HomeMy WebLinkAbout3/21/2019 DMCC Executive Committee Meeting - Agenda and Meeting Packet Destination Medical Center Corporation Executive Committee Meeting Thursday, March 21, 2019 9:30 A.M. Mayo Civic Center Rochester, Minnesota DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE March 21, 2019 9:30 A.M. AGENDA I. Call to Order II. Roll Call III.Approval of Agenda………………………………………………………………1 IV.Approval of Minutes: February 1, 2018…………………………………………..3 V.April 1 Report to DEED…………………………………………………………..5 (Presenters: Doug Holtan, Mayo Clinic; Terry Spaeth, City) Resolution No. EC-5-2019: Authorizing April 1 Report to DEED Pursuant to Statute VI.EDA: Request for 2018 Budget Encumbrance……………………………………19 VII.Other VIII.Adjournment 1 2 DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE February 1, 2018 MINUTES I. Call to Order. Acting Chair Jim Bier called the meeting to order at 9:30 a.m. at the Mayo Civic Center, Suite 111, located at 30 Civic Center Drive SE, Rochester, MN 55904. II. Roll Call. In attendance were Acting Chair Bier and R.T. Rybak. Mayor Ardell Brede was present. III. Approval of Agenda. Mr. Rybak moved approval of the agenda. Mr. Bier seconded. Ayes (2), Nays (0), Motion carried. IV. Approval of Minutes: May 24, 2017. Mr. Rybak moved approval of the Minutes. Mr. Bier seconded. Ayes (2), Nays (0), Motion carried. V. DMCC/City Report to the Legislature, Due by February 15, 2018. Mr. Bier invited Lisa Clarke, EDA Executive Director, to present the proposed DMC annual report to the Legislature. Mr. Bier noted that reporting on an annual basis allows the Board and public to take a full view of the strategic, incremental implementation of the DMC development plan and realize the depth and breadth of economic development activity. Ms. Clarke presented the proposed report. She specifically noted the certification of more than $297 million in private investment and the strategic efforts being made by community, regional, and state stakeholders to fulfill the goals of the DMC development plan. Resolution No. EC-4-2018: Authorizing Report to the Legislature Pursuant to Statute. Mr. Bier moved approval of the annual report to the Legislature. Mr. Rybak seconded. Ayes (2), Nays (0), Motion carried. VI. EDA: Request for 2017 Budget Encumbrance. Patrick Seeb, EDA Economic Development and Placemaking Director and Gary Neumann, Assistant City Administrator, presented the joint City-EDA budget encumbrance request. The request allocates funds for the purpose of public realm design work for Heart of the City and Discovery Walk that was budgeted for and initiated in 2017, and includes a 3 portion of work that continued into 2018. Mr. Neumann noted that the DMCC had previously encumbered funds to complete work activities. Mr. Bier congratulated Mr. Neumann on his impending retirement. Mr. Rybak moved approval of the encumbrance request. Mr. Bier seconded. Ayes (2), Nays (0), Motion carried. VII. Other. Mr. Bier invited members of the public to review the annual report to the Legislature. VIII. Adjournment. Mr. Rybak moved to adjourn the meeting. Mr. Bier seconded. Ayes (2), Nays (0), Motion carried. 1126006-2.DOCX 4 Destination Medical Center Economic Development Agency 5 Report to DEED DMCC Executive Committee Materials Table of Contents Page 7: Resolution authorizing the DMCC Chair or Treasurer to submit the report Page 8: Blank Page 9: Certification of Expenditures form Page 10: Blank Page 11: Summary sheet of 2018 private investment a. Completed Projects: Construction permits closed in 2018, including the value of expenditures completed against those permits in 2018 and the year the permit was created b. 2016/2017 Destination Medical Center - Partially Completed Projects Tracking: Partially completed private projects with expenditures in 2016, 2017, & 2018 c. 2017/2018 Destination Medical Center - Partially Completed Projects Tracking: Partially completed private projects with expenditures in 2017 & 2018 d. 2018 Destination Medical Center - Partially Completed Projects Tracking: Partially completed private projects with expenditures in 2018 Page 12: Partially Completed Projects Page 13: Construction permits that were both opened and completed in 2018 Page 14: Construction permits opened in 2017 and completed in 2018 Page 15: Construction permits opened in 2016 and completed in 2018 Page 16: Construction permits opened in 2015 and completed in 2018 Page 17: Construction permits opened in 2014 and completed in 2018 Page 18: Construction permits opened in 2013 and completed in 2018 6 DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE RESOLUTION NO. EC-5-2019 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, 2019, attached hereto as Exhibit A. RESOLUTION NOW, THEREFORE, BE IT RESOLVED, by the Executive Committee of 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. 1126002.DOCX 7 EXHIBIT A 8 126,492,416.01$ 135,369,428.31$ 261,861,844.32$ 428,662,787.00$ 261,861,844.32$ All Claimed Expenditures as of 12/31/18 (Box 4 plus Box 5)690,524,631.32$ Qualified Expenditures claimed in 2018 (Box 6 minus $200,000,000) 490,524,631.32$ 13,489,427.36$ 2,207,360.84$ 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 Form Revised 022719 3 This figure is based solely upon project building permit costs. Minn. Stat. § 469.47, subd 1(d) permits additional expenditures, and discussion is underway as to how to document such additional expenditures, which may result in adjustments. Expenditures Reported this Year All Expenditures claimed since June 30, 2013 State Aid Qualified for this Year (local government match also required) General State Infrastructure Aid Qualified for (Box 7 multiplied by .0275) State Transit Aid Qualified for (Box 7 multiplied by .0075 and then multiplied by .6) Total Expenditures Reported This Year by Medical Business Entity1 Total Expenditures Reported This Year for other Private Entities1,2 TOTAL Expenditures This Year Previous Years Expenditures (cumulative) By providing my signature below, I am hereby certifying that, to the best of my knowledge, the information stated herein is accurate, true and complies with the provisions of Statute 467.47 of the State of Minnesota and the approved methodology as outlined in the City of Rochester Commissioner of Employment and Economic Development State Infrastructure Aid TOTAL Expenditures This Year3 (from Box 3) 2 Other Private Entities' certification of expenses may be certified retroactively in 2014 after the Destination Medical Center District and Development Plan are adopted. Due to Commissioner of Employment and Economic Development (DEED) by April 1 The Medical Business Entity and the Destination Medical Center Corporation (DMCC) Board of Directors (assisted by the City of Rochester) hereby submits to the Department of Employment and Economic Development (DEED) the following report for expenditures that relate to the Destination Medical Center (DMC) Development for the calendar year 2018, and the certifications required to support the documentation under the City of Rochester Commissioner of Employment and Economic Development State Infrastructure Aid Agreement. Certification of Expenditures Destination Medical Center For Calendar Year 2018 9 10 2018 Tracking Worksheet Building Permits within the DMC Boundary (Does not include Mayo Clinic Projects)Completed Year Projects 2013 94,425.00$ 2014 94,498.00$ 2015 83,301.00$ 2016 5,020,000.00$ 2017 6,165,666.00$ 2018 1,731,468.00$ TOTAL 13,189,358.00$ 2016/2017 Destination Medical Center - Partially Completed Projects Tracking 2016 2017 2018 Project Address Total Building Permit Value Partial Completed Work Claimed Completed Work Claimed Completed Work Claimed 1st Avenue Flats 400 NW 1 Avenue 8,719,735.57$ 4,976,244.00$ 3,743,491.57$ Lofts at Mayo Park 123 SE 6 Avenue 6,900,000.00$ 6,347,552.97$ 552,447.03$ 501 on First 501 SW 1 Avenue 12,977,182.75$ 12,534,186.96$ 442,995.79$ Flats on 4th (Buckeye)412 SE 3 Avenue 13,082,292.00$ 8,906,937.40$ 4,175,354.60$ Total 41,679,210.32$ 32,764,921.33$ 4,295,938.60$ 4,618,350.39$ Dollar Value of building permits finaled in 2016 1,555,125.00$ Dollar amount submitted for partial work in 2016 31,209,796.33$ 2017/2018 Destination Medical Center - Partially Completed Projects Tracking 2017 2018 Payments AIA Project Address Total Building Permit Value Partial Completed Work Claimed Completed Work Claimed Documentation thru 12/31/2018 Broadway @ Center 10 East Center Street 84,282,463.00$ 33,866,963.98$ 50,415,499.02$ 85,216,473.59$ Discovery Square 202 SW 4 Street 16,009,000.00$ 2,965,073.30$ 13,043,926.70$ 21,476,167.17$ Dollar amount submitted for partial work 100,291,463.00$ 36,832,037.28$ 63,459,425.72$ 2018 Destination Medical Center - Partially Completed Projects Tracking 2018 Project Address Total Building Permit Value Partial Completed Work Claimed Ronald McDonald House 850 2nd Street SW 10,126,000.00$ 4,872,363.01$ Hotel Indigo (Holiday Inn)220 South Broadway 5,500,000.00$ 1,016,551.10$ Residence @ Dis. Sq.511 3rd Ave. SW 19,000,000.00$ 9,820,880.09$ Urban on First 429 South Broadway 30,808,958.00$ 12,455,954.00$ Berkman (Alatus)217 & 301 14th Ave SW 93,315,800.00$ 25,936,546.00$ 158,750,758.00$ 54,102,294.20$ TOTAL 135,369,428.31$ 11 To Be Claimed 2016 2017 2018 Project Address Partial Completed Work Claimed Permit Number Value Completion Date Permit Number Value Completion Date Total Permits Balance Claimed Balance Claimed 1st Avenue Flats 400 NW 1 Avenue 4,976,244.00$ R16-0024MFB 622,000.00$ R16-0008MFB 8,097,735.57$ 6/26/2017 8,719,735.57$ 3,743,491.57$ Lofts at Mayo Park 123 SE 6 Avenue 6,347,552.97$ R15-0079MFB 794,323.00$ 3/6/2017 R16-0011MFB 6,105,677.00$ 8/17/2017 6,900,000.00$ 552,447.03$ 501 on First 501 SW 1 Avenue 12,534,186.96$ R15-0053MFB 1,555,125.00$ 9/2/2016 R15-0058MFB 11,422,057.75$ 1/28/2018 12,977,182.75$ 442,995.79$ Flats on 4th (Buckeye)412 SE 3 Avenue 8,906,937.40$ R15-0107MFB 2,400,000.00$ 12/6/2018 R16-0009MFB 10,682,292.00$ 2/12/2018 13,082,292.00$ 4,175,354.60$ TOTAL for 2016 32,764,921.33$ 41,679,210.32$ 4,295,938.60$ 4,618,350.39$ Dollar amount finaled in 2016 1,555,125.00$ Dollar amount submitted for partial work in 2016 31,209,796.33$ TOTAL for 2017 4,295,938.60$ TOTAL for 2018 4,618,350.39$ 2017 2018 Project Address Partial Completed Work Claimed Permit Number Value Completion Date Permit Number Value Completion Date Permit Number Value Completion Date Total Permits Balance to Claim Broadway @ Center 10 East Center Street 33,866,963.98$ R15-0081CB 1,000,000.00$ 12/6/2018 R15-0384CB 45,000,000.00$ R15-0447CB 38,282,463.00$ 84,282,463.00$ 50,415,499.02$ Discovery Square 202 4th Street SW 2,965,073.30$ R17-0384CB 1,750,000.00$ 11/13/2018 R17-0454CB 1,290,000.00$ 11/13/2018 R17-0492CB 12,969,000.00$ 16,009,000.00$ 13,043,926.70$ TOTAL for 2017 36,832,037.28$ 100,291,463.00$ 63,459,425.72$ Dollar amount finaled in 2017 -$ Dollar amount submitted for partial work in 2017 36,832,037.28$ TOTAL for 2018 63,459,425.72$ 2018 2019 Project Address Partial Completed Work Claimed Permit Number Value Completion Date Permit Number Value Completion Date Permit Number Value Completion Date Total Permits Balance to Claim Ronald McDonald House 850 2nd Street SW 4,872,363.01$ R18-0048CB 10,126,000.00$ 10,126,000.00$ 5,253,636.99$ Hotel Indigo (Holiday Inn)220 South Broadway 1,016,551.10$ R18-0294CB 500,000.00$ R18-0389CB 5,000,000.00$ 5,500,000.00$ 4,483,448.90$ Residence @ Dis. Sq.511 3rd Ave. SW 9,820,880.09$ R17-0143MFB 1,750,000.00$ R17-0141MFB 17,250,000.00$ 19,000,000.00$ 9,179,119.91$ Urban on First 429 South Broadway 12,455,954.00$ R18-0003MFB 2,428,958.00$ R18-00115MFB 28,380,000.00$ 30,808,958.00$ 18,353,004.00$ Berkman (Alatus)217 & 301 14th Ave SW 25,936,546.00$ R17-0157MFB 4,900,000.00$ R18-0011MFB 86,237,507.00$ R18-0043RB 2,178,293.00$ 93,315,800.00$ 67,379,254.00$ TOTAL for 2018 54,102,294.20$ PARTIAL PROJECTS GRAND TOTAL FOR 2018 122,180,070.31$ 2018 Destination Medial Center - Partially Completed Projects Tracking 2018 2017 2016 Destination Medial Center - Partially Completed Projects Tracking 2017 Destination Medial Center - Partially Completed Projects Tracking 2017 12 2018 Building Permits (Entire Year) CLOSED BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) Sub Type Level Category Level Permit Number Permit Issue Date Within DMC Boundary Parcel Number Address Info Permit Valuation Work Description Mayo Project Owner Current Permit Status Current Permit Status Date 1 Commercial Bldg Phased Partial Permit R17-0454CB 2/7/2018 Yes 050075 202 SW 4 ST, ROCHESTER, MN 55902 $1,290,000 Partial structural set through level 2. (Discovery Square Phase 1) No Mortenson Properties, Inc. 700 Meadow Lane N Minneapolis, MN 55422 Finaled 11/13/2018 2 Commercial Bldg Phased Partial Permit R18-0074CB 3/8/2018 Yes 070415 400 SW 5 AVE, ROCHESTER, MN 55902 $37,000 Interior Demolition (Christ United Methodist Church) No CHRIST UNITED METHODIST CHURCH 400 5 AVE SW ROCHESTER, MN 55902 Finaled 12/17/2018 3 Commercial Bldg Alteration R18-0088CB 5/21/2018 Yes 014432 324 S BROADWAY AVE, ROCHESTER, MN 55904 $130,000 Adding bathrooms, sprinkler system, changing stairway (Fagan Studios) No Shawn Fagan 324 South Broadway Rochester, MN 55904 Finaled 10/3/2018 4 Commercial Bldg Alteration R18-0094CB 6/21/2018 Yes 078774 221 SW 1 AVE, ROCHESTER, MN 55902 $80,000 Fit-up of a White box space for Rochester Home Infusion office (Bio Business building) No Rochester Home Infusion 221 1st Ave SW Rochester, MN 55902 Finaled 10/4/2018 5 Commercial Bldg Alteration R18-0197CB 7/3/2018 Yes 017887 16 SW 1 ST 102, ROCHESTER, MN 55902 $140,000 Alteration to suite 101-102 into a salon. (Luxe Beauty Bar) No Tamanna Amari Krebsbach 2491 Hawk Hill Lane SW Rochester, MN 55902 C of O Issued 10/26/2018 6 Commercial Bldg Alteration R18-0198CB 7/6/2018 Yes 017886 111 S BROADWAY AVE, ROCHESTER, MN 55904 $250,000 Removal of two escalators and replace with steel stairs. (Shops at University Square) No BGD 5 LLC 30 3rd St SE ROCHESTER, MN 55904 Finaled 8/31/2018 7 Commercial Bldg Alteration R18-0242CB 7/30/2018 Yes 070415 400 SW 5 AVE, ROCHESTER, MN 55902 $69,641 Add equipment to existing kitchen and storage to allow for warming kitchen for Day Care. Install new unisex restroom into existing storage closet. (Christ United Methodist Church) No CHRIST UNITED METHODIST CHURCH 400 5 AVE SW ROCHESTER, MN 55902 C of O Issued 9/20/2018 8 Commercial Bldg Alteration R18-0250CB 8/1/2018 Yes 017773 20 SW 3 ST, ROCHESTER, MN 55902 $15,000 Alterations to existing space for a bar and rest rooms (Bar Buffalo) No Steve Lee 3325 75 St NE ROCHESTER, MN 55906 Finaled 10/9/2018 9 Commercial Bldg Alteration R18-0347CB 9/11/2018 Yes 005100 845 SW 2 ST, ROCHESTER, MN 55902 $53,552 Re-roof of existing 3-story apartment building. No Troy Dickerson 5812 hwy 52 N Rochester, MN 55901 Finaled 10/5/2018 10 Commercial Bldg Alteration R18-0279CB 9/13/2018 Yes 017773 18 SW 3 ST Suite 1, ROCHESTER, MN 55902 $76,275 Remove equipment and built-in furniture, rework entry, install plumbing and HVAC. (Bitter & Pour LLC - Merchant Exchange Building) No John Pacchetti 930 8 AVE SW ROCHESTER, MN 55902 C of C Issued 11/19/2018 11 Commercial Bldg Alteration R18-0265CB 9/19/2018 Yes 081987 081988 502 SW 2 AVE, ROCHESTER, MN 55902 $475,000 Tenant improvement to existing shell space for relocated Kraus-Anderson Rochester (Kraus-Anderson) No Kraus-Anderson Construction Co 416 South Broadway Rochester, MN 55901 C of O Issued 11/9/2018 12 Demolition Commercial R18-0003D 3/21/2018 Yes 025280 24 SW 6 ST, ROCHESTER, MN 55902 $10,000 Demolition and removal of building, concrete and asphalt. No VFW Post 1215 Aaron Hess 16 6th St SW Rochester, MN 55902 Closed 12/27/2018 13 Demolition Commercial R18-0004D 3/21/2018 Yes 025279 16 SW 6 ST, ROCHESTER, MN 55902 $61,000 Demolition and removal of building, concrete and asphalt. No VFW Post 1215 Aaron Hess 16 6th St SW Rochester, MN 55902 Closed 12/27/2018 14 Demolition Multi-Family R18-0010D 5/23/2018 Yes 017983 6 NW 1 AVE, ROCHESTER, MN 55901 $249,000 Demolition of Structure No MKDI LLC 625 Klenske Ave PO BOX 263 NEW HAMPTO, IA 50659 Closed 12/27/2018 15 Multi-Family Bldg Alteration R18-0006MFB 2/22/2018 Yes 080524 220 S BROADWAY AVE, APT# 1404, ROCHESTER, MN 55904 $45,000 Remodel (Holiday Inn South #1404)No Yang, Mei 220 BROADWAY AVE S #1404 ROCHESTER, MN 55904 C of C Issued 8/27/2018 16 Multi-Family Bldg Alteration R18-0026MFB 5/8/2018 Yes 081810 207 SW 5 AVE, APT# 908, ROCHESTER, MN 55902 $40,000 Remodel two baths and kitchen No Mabry, gale 207 5 AVE SW ROCHESTER, MN 55901 Finaled 10/5/2018 $3,021,468 $1,290,000 Cover under partial permits $1,731,468 13 2017 Building Permits (Entire Year) CLOSED BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) (Completed in 2018) Sub Type Level Category Level Permit Number Permit Issue Date Parcel Number Address Info Permit Valuation Work Description Owner Current Permit Status Current Permit Status Date Changed as of 1/24/2019 1 Commercial Bldg Phased Partial Permit R15-0081CB 1/6/2017 017936 10 E CENTER ST, ROCHESTER, MN 55904 $1,000,000 CP-3 package: Footings, Foundation, Waterproofing (Broadway on Center) Legacy Fund I, LLC 30 3 St SE ROCHESTER, MN 55904 Finaled 12/6/2018 Yes 2 Commercial Bldg Alteration R17-0022CB 2/22/2017 070415 400 SW 5 AVE, ROCHESTER, MN 55902 $27,231 Alterations to add a unisex in lower level (Christ United Methodist Church) CHRIST UNITED METHODIST CHURCH 400 5 AVE SW ROCHESTER, MN 55902 Finaled 12/17/2018 Yes 3 Commercial Bldg Addition R17-0254CB 8/2/2017 081056 222 SW 6 AVE, ROCHESTER, MN 55902 $250,000 Footings and foundations for future vestibule addition (Phase 1). Site retaining walls and alterations to the existing parking lot. (Trinity Lutheran Church) The vestibule construction above grade will be part of Phase 2 which is a future project. TRINITY EVANGELICAL LUTHERN CHURCH 222 6 AVE SW ROCHESTER, MN 55902 Finaled 12/17/2018 Yes 4 Commercial Bldg Alteration R17-0268CB 10/6/2017 050600 102 SE 2 ST, ROCHESTER, MN 55904 $5,200,000 Kitchen and bathroom remodels of cabinets and sinks, unit exhaust alterations, new windows in units, corridor painting and flooring, generator replacement, new hot water boilers. (Fontaine Towers) FONTAINE TOWERS II LP 30 3 ST SE STE 600 ROCHESTER, MN 55904 C of O Issued 10/22/2018 Yes 5 Commercial Bldg Alteration R17-0365CB 10/11/2017 017990 9 NW 3 AVE, ROCHESTER, MN 55901 $250,000 Alterations to create boiler area for disconnection from the Franklin Heating Station. (Kahler Inn & Suites) KINN 9 3RD AVENUE LLC 20 2 AVE SW ROCHESTER, MN 55902 C of C Issued 9/21/2018 Yes 6 Commercial Bldg Phased Partial Permit R17-0384CB 12/11/2017 050075 083795 202 SW 4 ST, ROCHESTER, MN 55902 $1,750,000 Phased partial permit for underground civil/MEP utilities, deep foundations (caissons) and basement construction. (Discovery Square Phase 1) Mortenson Properties, Inc. 700 Meadow Lane N Minneapolis, MN 55422 Finaled 11/13/2018 Yes 7 Demolition Residential R17-0039D 10/23/2017 017718 519 SW 3 AVE, ROCHESTER, MN 55902 $64,000 demo of house RESIDENCE AT DISCOVERY SQUARE LLC 3686 CHAPPUIS TRL FARIBAULT, MN 55021 Closed 12/27/2018 Yes 8 Demolition Residential R17-0042D 10/23/2017 017726 304 SW 5 ST, ROCHESTER, MN 55902 $18,000 demo of house RESIDENCE AT DISCOVERY SQUARE LLC 3686 CHAPPUIS TRL FARIBAULT, MN 55021 Closed 12/27/2018 Yes 9 Demolition Residential R17-0044D 10/23/2017 017723 509 SW 3 AVE, ROCHESTER, MN 55902 $68,000 demo of house RESIDENCE AT DISCOVERY SQUARE LLC 3686 CHAPPUIS TRL FARIBAULT, MN 55021 Closed 12/27/2018 Yes 10 Demolition Commercial R17-0013D 12/1/2017 054926 401 S BROADWAY AVE, ROCHESTER, MN 55904 $93,000 Demolition of Labor Club and commercial building for 401-413 South Broadway Avenue Daly, Janice 620 9 AVE SW ROCHESTER, MN 55902 Closed 12/18/2018 Yes 11 Residential Bldg Alteration R17-1166RB 7/25/2017 009172 424 SW 7 ST, ROCHESTER, MN 55902 $30,000 Kitchen and bathroom remodels, replacement windows, alterations on all 3 levels and basement. UP Development--Henderson, Ross 1624 Echo Ridge Rd Sw ROCHESTER, MN 55902 Finaled 4/10/2018 Yes 12 Commercial Bldg Alteration R17-0364CB 9/20/2017 057422 20 SE 4 ST, ROCHESTER, MN 55904 $10,000 Interior alteration of the lower level. (Porch and Cellar) PORCH AND CELLAR LLC 20 4 ST SE ROCHESTER, MN 55904 C of O Issued 1/12/2018 Yes 13 Commercial Bldg Alteration R17-0318CB 10/16/2017 014310 313 S BROADWAY AVE, ROCHESTER, MN 55904 $70,000 Interior alterations to create a new ice cream and candy shop. (The Chocolate Twist - Boys & Girls Club / Paine Building) Boys and Girls Club - Jodi Millerbernd 1026 East Center Street ROCHESTER, MN 55904 C of C Issued 1/5/2018 Yes 14 Commercial Bldg Alteration R17-0328CB 11/30/2017 017887 100 SW 1 AVE, ROCHESTER, MN 55902 $83,000 Remodel of space of new restaurant. (ZY Teriyaki Restaurant - 100 1st Avenue Building - Subway level) Yang Kathy & Tom 107 Peregrine Dr SE ROCHESTER, MN 55904 C of C Issued 1/18/2018 Yes $8,915,666 $2,750,000 - covered under partial permits $6,165,666 14 2016 Building Permits (Entire Year) CLOSED BUILDING PERMITS (Within DMC Boundary, does not include Mayo Clinic Projects)(Completed in 2018) Sub Type Level Category Level Permit Number Permit Issue Date Parcel Number Address Info Permit Valuation Work Description Owner Current Permit Status Current Permit Status Changed (as of 1/24/2019) 1 Commercial Bldg Alteration R16-0197CB 5/31/2016 018454 300 NW 1 AVE, ROCHESTER, MN 55901 $20,000 Replace accessible entrance on north end of building (Broadstreet Café) DM41 BROADSTREET LLC 216 1 AVE SW ROCHESTER, MN 55902 Finaled 5/9/2018 Yes 2 Commercial Bldg Addition R16-0220CB 10/24/2016 081707 20 SW 2 AVE, ROCHESTER, MN 55902 $5,000,000 Mezzanine addition for chiller & boiler serving Kahler Grand & Marriott Hotel (Kahler Grand Hotel) KAH 20 2ND AVENUE LLC 20 2 AVE SW ROCHESTER, MN 55902 Finaled 3/27/2018 Yes 3 Multi-Family Bldg Phased Partial Permit R15-0107MFB 4/22/2016 082439 412 SE 3 AVE, ROCHESTER, MN 55904 $2,400,000 Partial phase footing and foundation with precast concrete (The Buckeye) 3 Ave & 4 St SE Nathan Stencil PO Box 89624 Sioux Falls, SD 57109 Finaled 12/6/2018 Yes 4 Multi-Family Bldg New R16-0009MFB 9/20/2016 082439 412 SE 3 AVE, ROCHESTER, MN 55904 $10,682,292 New 126,925 sq ft 6 story, 92 unit apartment building with underground parking, business tenants on main level (The Buckeye) 3 Ave & 4 St SE Nathan Stencil PO Box 89624 Sioux Falls, SD 57109 C of O Issued 2/12/2018 Yes $18,102,292 $13,082,292 - Cover under partial permits $5,020,000 15 2015 Building Permits (Entire Year) CLOSED BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) (Closed in 2018) Sub Type Level Category Level Permit Number Permit Issue Date Parcel Number Address Info Permit Valuation Work Description Owner Current Permit Status Current Permit Status Date Changed (as of 1/31/2018) 1 Demolition Commercial R14-0043D 1/30/2015 017700 116 SW 5 ST, ROCHESTER, MN 55902 $33,970 Demo-ing the old University Village Inn UNIVERSITY VILLAGE INN 625 LENSKE AVE PO BOX 263 NEW HAMPTON, IA 50659 Closed 12/13/2018 Yes 2 Demolition Residential R15-0003D 2/26/2015 012764 607 SW 2 ST, ROCHESTER, MN 55902 $12,000 Demolish building; R645 1-family dwelling BROOKS EDWARDS 811 FOX POINTE LN SW ROCHESTER, MN 55902 Closed 12/13/2018 Yes 3 Sign Business R15-0129S 9/21/2015 052802 500 SW 1 AVE, ROCHESTER, MN 55902 $17,331 Freestanding sign "Southern MN Municipal Power Agency" SO MN MUNICIPAL POWER AGENCY 500 1 AVE SW ROCHESTER, MN 55902 Closed 12/6/2018 Yes 4 Multi-Family Bldg New R15-0058MFB 10/19/2015 017699 501 SW 1 AVE, ROCHESTER, MN 55902 $11,442,058 New 130,000 sq ft, 5 - story, 84 unit apartment with underground parking, main level future tenant spaces (501 on 1st Apartments) MK DOWNTOWN LLC PO BOX 263 NEW HAMPTON, IA 50659 C of O Issued 1/29/2018 Yes $11,505,359 $11,422,058 Cover under partial permits $83,301 16 2014 Building Permits (Entire Year) CLOSED BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) (Completed in 2018) Sub Type Level Category Level Permit Number Permit Issue Date Parcel Number Address Info Permit Valuation Work Description Owner Current Permit Status Current Permit Status Date Changed (as of 1/24/2019) 1 Demolition Commercial R14-0001D 3/24/2014 017935 6 S BROADWAY, ROCHESTER, MN 55904 $16,666 Demolition of this building incorporates two addresses (6 and 8 South Broadway) BROADWAY COMMONS ROCHESTER LLC 7381 AIRPORT VIEW DR SW ROCHESTER, MN 55902 Closed 12/6/2018 Yes 2 Demolition Commercial R14-0002D 3/24/2014 017937 10 S BROADWAY, ROCHESTER, MN 55904 $16,666 Demolition of this building (10 South Broadway) ATTN JAKOBSON MANAGEMENT CO 10 BROADWAY SOUTH ROCHESTER, MN 55904 Closed 12/6/2018 Yes 2 Demolition Commercial R14-0003D 3/24/2014 017936 12 S BROADWAY, ROCHESTER, MN 55904 $16,666 Demolition of this building (12 South Broadway) AMP PROPERTIES LLC 6617 DAKOTA TRAIL EDINA MN 55439 Closed 12/11/2018 Yes 4 Demolition Commercial R14-0007D 4/10/2014 025324 615 SW 1 AVE, ROCHESTER, MN 55902 $24,500 Demolition of building 615 OCONNOR RECREATION COMPANY LLC 600 4 ST SW ROCHESTER, MN 55902 Closed 12/11/2018 Yes 5 Demolition Residential R14-0024D 10/16/2014 017724 507 SW 3 AVE, ROCHESTER, MN 55902 $20,000 Demolition MEYER,TIMOTHY D 2002 Hwy 14 ROCHESTER, MN 55904 Closed 12/11/2018 Yes $94,498 17 2013 Building Permits (3rd and 4th Quarter - July 1st to December 31st) CLOSED BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) (Completed in 2018) Sub Type Level Category Level Permit Number Permit Issue Date Parcel Number Address Info Permit Project Valuation Description Owner Current Permit Status Current Permit Status Date Changed (as of 1/24/2019) 1 Commercial Bldg Alteration R13-0199CB 7/1/2013 018049 101 N BROADWAY, ROCHESTER, MN 55906 $31,425 Reroof 4600 sq ft flat roof (International African Mall) M&S OF ROCHESTER LLC 707 6 AVE NW ROCHESTER, MN 55901 Finaled 12/13/2018 Yes 2 Commercial Bldg Alteration R13-0223CB 8/1/2013 077284 705 SW 2 ST, ROCHESTER, MN 55902 $63,000 Convert 3-season porch to family room (Gift of Life Transplant House) Mayo Clinic 200 1 ST SW ROCHESTER, MN 55905 Finaled 11/20/2018 Yes $94,425 18 MEMO To: Jim Bier, DMC Corporation Treasurer From Dale Martinson, DMC Corporation Assistant Treasurer Date: 3/13/2019 RE: Request for 2018 Budget Encumbrance The DMC EDA, from time to time, uses consultants to complete the work designated in the DMC plan. This work varies in scope and complexity and due to the detailed nature of some of this work it may take several months to complete once we have a signed contract. Two projects were planned, budgeted, and scheduled as part of the 2018 work plan and were to be paid out of the Master Application for Payment (MAP) process. These projects are the Rochester Visitor and Experience application software (APP) and the schematic design associated with Transportation Development by the Minnesota Design Center. The APP is a joint venture between Experience Rochester and The DMC with its goal to provide residents and visitors a method of navigating their way through the DMC District and the city of Rochester. The schematic design associated with Transportation Development is part of the larger Transit Circulator planned for the downtown Rochester area. This deliverable will be used as a basis for discussion as the final planning proceeds. For the APP we have an agreement in principal and are finalizing the contract and no funding has been contributed to date. For the Transportation Development schematic design we executed an agreement in 2018 for this work and have begun processing the invoices as the work progresses. The amount of encumbrance for each of these projects is ·$100,000 for the development of the APP ·$31,426 for the schematic design associated with Transportation Development Work on both 2018 projects continues and will be complete in 2019. The combined outstanding balance is $131,426 (see table below). The DMC EDA, with agreement from the City, is requesting the DMC Corporation Board allow the total funding for these projects of $131,426 be carried forward to the 2019 budget as this represents funding scheduled and agreed to in 2018 but not yet completed. 19 Original 2018 Budget Actual 2018 Budget Expenditures Through December 2018 2018 Budget Surplus as of 12/31/2018 Projects Approved and Under Contract in 2018 not completed Master Application for Payment 1,382,086$ Tranche Advance Requests 815,971 Total 2,496,406$ 2,198,057$ 298,349$ 131,426$ REQUEST 2019 Approved Budget 2,571,406$ Encumbrance of Contracts Not Complete 131,426 Ammended 2019 Budget w/ Carryforward 2,702,832$ 18