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HomeMy WebLinkAbout3/26/2020 DMCC Executive Committee Meeting - Agenda and Meeting PacketDestination Medical Center Corporation Executive Committee Meeting Thursday, March 26, 2020 9:30 A.M. DMC EDA Rochester, Minnesota 1 DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE March 26, 2020 9:30 A.M. AGENDA PAGE I.Call to Order II.Roll Call III.Approval of Agenda IV.Approval of Minutes: March 21, 2019 V.Coronavirus Pandemic: Discussion VI.April 1 Report to DEED (Presenters: Lisa Clarke, EDA; Doug Holtan, Mayo Clinic; Terry Spaeth, City) Resolution No. EC-6-2020: Authorizing April 1 Report to DEED Pursuant to Statute VII.EDA: Five Year Development Plan Update VIII.Other IX.Adjournment 2 DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE March 21, 2019 9:30 A.M. MINUTES I. Call to Order. Vice Chair Kim Norton called the meeting to order at 9:30 a.m. at the Mayo Civic Center, Suite 101, located at 30 Civic Center Drive SE, Rochester, MN 55904. II. Roll Call. In attendance were Mayor Kim Norton and Commissioner Jim Bier. Chair R.T. Rybak participated via telephone. III. Approval of Agenda. Commissioner Bier moved approval of the agenda. Vice Chair Norton seconded. Ayes (2), Nays (0). Motion approved. IV. Approval of Minutes: February 1, 2018. Commissioner Bier moved approval of the Minutes from February 1, 2018. Vice Chair Norton seconded. Ayes (2), Nays (0). Motion approved. V. April 1 Report to DEED Resolution No. EC-5-2019: Authorizing April 1 Report to DEED Pursuant to Statute Lisa Clarke, DMC Economic Development Agency Executive Director, described the April 1 Report to DEED, noting that the private investment figures reflect the commitment of the community, the work and engagement from DMC partners, and the success of the DMC economic development model. The report summarizes qualified DMC investments made by Mayo Clinic throughout the City of Rochester and non-Mayo-Clinic private investment in the DMC development district. The 2018 private investment total of more than $262 million represents the largest-ever single-year total for both Mayo Clinic and non-Mayo investment and brings DMC’s cumulative private investment total to more than $690.5 million. This private investment should trigger the release of approximately $13.5 million in State DMC infrastructure support. Terry Spaeth, Assistant City Administrator, briefly described the non-Mayo Clinic private investments, including $50.4 million invested in the Hilton hotel, $13 million invested in One Discovery Square, and $26 million invested at the Berkman apartment complex. Several other developments, including Residence at Discovery Square, the Ronald McDonald House, and the addition of a downtown childcare center at Christ United Methododist Church, all contributed to the total. Mr. Spaeth noted that current practices for tracking non-Mayo investment allow staff to capture only construction permit costs, and that staff are evaluating ways to capture the total costs of development for future reporting. 3 Doug Holtan, Mayo Clinic Facilities and Support Services Chair, described Mayo Clinic’s annual investment, which totaled approximately $126.5 million. Mr. Holtan noted that this DMC-qualified investment represents just a portion of Mayo’s 2018 investment in Rochester, which totaled nearly $274 million. Commissioner Bier moved approval of the resolution. Mayor Norton seconded. Ayes (2), Nays (0). Motion approved. VI. EDA: Request for 2018 Budget Encumbrance. Commissioner Bier described the EDA’s request, noting that $131,000 would be encumbered to complete design of the experience mobile application and transit village schematic design. Commissioner Bier moved approval. Mayor Norton seconded. Ayes (2), Nays (0). Motion approved. VII. Other. VIII. Adjournment. Commissioner Bier moved to adjourn. Mayor Norton seconded. Ayes (2), Nays (0). Meeting adjourned. 1199050-2.DOCX 4 Destination Medical Center Economic Development Agency Report to DEED DMCC Executive Committee Materials Table of Contents Page 8: Summary Memo from DMC EDA Page 9: Resolution authorizing the DMCC Chair or Treasurer to submit the report Page 11: Certification of Expenditures form Page 13: Summary sheet of 2019 Non-Mayo-Clinic private investment Page 15: Construction permits opened in 2017 and completed in 2019 Page 16: Construction permits opened in 2018 and completed in 2019 Page 18: Construction permits opened in 2019 and completed in 2019 Page 21: Letter from Mayo Clinic to MN DEED 7 Destination Medical Center Economic Development Agency MEMO TO: Destination Medical Center Corporation FROM: Destination Medical Center Economic Development Agency RE: 2019 DMC PRIVATE INVESTMENT By April 1 of each year, the DMC Corporation must report DMC private investment to the State of Minnesota. The State of Minnesota uses this information to affirm the success of the DMC initiative and determine the required amount of annual State DMC funding. This productive reporting relationship is one aspect of the unique DMC economic development model. The formal report follows this summary memo. 2019 was another record-setting year for the DMC initiative 1.Cumulative private investment: $272 million, a new annual record 2.Mayo Clinic private investment: $139.1 million, a new annual record 3.Non-Mayo-Clinic private investment: $133 million, the second consecutive year of more than $100 million in non-Mayo-Clinic downtown investment Private investment in 2019, and in previous years, demonstrates the positive market response generated by DMC’s economic development, marketing and business development, workforce and entrepreneurism, community engagement, experience, sustainability and resiliency, and transportation strategies. As we acknowledge 2019’s successful private investment figures, we are aware of the challenges before us with the COVID-19 pandemic. We are currently evaluating all of DMC’s tools and resources and collaborating with business and community organizations to support and assist. We remained focused on growing the Rochester, regional and Minnesota economies. We look forward and appreciate your feedback as we navigate through this unprecedented time. 8 DESTINATION MEDICAL CENTER CORPORATION EXECUTIVE COMMITTEE RESOLUTION NO. EC-6-2020 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, 2020, 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. 1199055.DOCX 9 EXHIBIT A 10 $139,126,160.79 1 $133,004,080.65 2 $272,130,241.44 3 $690,664,413.37 4 $272,130,241.44 5 All Claimed Expenditures as of 12/31/19   (Box 4 plus Box 5)$962,794,654.81 6 Qualified Expenditures claimed in 2019    (Box 6 minus $200,000,000) $762,794,654.81 7 $20,976,853.01 8 $3,432,575.95 9 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 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 Entity 1 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  TOTAL Expenditures This Year (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.  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. Form Revised 03/16/2020 1199955.pdf 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 2019,  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 2019 DR A F T 11 12  2019 Tracking Worksheet  Building Permits within the DMC Boundary (Does not include Mayo Projects) Completed  Year Projects  2017 2,050,000.00$  2018 7,748,655.00$  2019 5,662,402.00$  TOTAL 15,461,057.00$       2018/2019 Destination Medical Center ‐ Partially Completed Projects Tracking 2018 2019 Project Address Total Building  Permit Value  Partial Completed Work  Claimed Completed Work Claimed  Ronald McDonald House 850 2nd Street SW 10,126,000.00$ 4,872,363.01$ 5,253,636.99$  Hotel Indigo (Holiday Inn) 220 South Broadway 10,500,000.00$ 1,156,333.15$ 9,343,666.85$  Residence @ Dis. Sq.511 3rd Ave. SW 19,000,000.00$ 9,820,880.09$ 9,179,119.91$  Urban on First 429 South Broadway 30,808,958.00$ 12,455,954.00$ 18,353,004.00$  Berkman (Alatus) 217 & 301 14th Ave SW 93,315,800.00$ 25,936,546.00$ 59,063,337.00$  163,750,758.00$ 54,242,076.25$ 101,192,764.75$      2019/2020 Destination Medical Center ‐ Partially Completed Projects Tracking 2019 2020 Project Address Total Building  Permit Value  Partial Completed Work  Claimed Completed Work Claimed  Ryan/Wells Fargo 21 1st SW 5,250,000.00$ 5,250,000.00$  Hyatt House 315 1st Ave. NW 32,253,475.00$ 6,940,448.00$  Eleven02 101 11th Ave. SW 30,255,765.00$ 4,159,810.90$  67,759,240.00$ 16,350,258.90$         ‐$  TOTAL 133,004,080.65$         13 14 2017 Building Permits COMPLETED/PARTIAL 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 Lic Prof Owner Current Permit Status Current Permit Status Date Commercial Bldg Alteration R16-0348CB 2/23/2017 Yes 082430 206 S BROADWAY AVE, ROCHESTER, MN 55904 $2,050,000 Alterations of phase 1B for offices on 5, 6,7 levels only and roof top chiller (Associated Bank) No ALVIN E BENIKE, INC AARON E BENIKE 2960 W Hwy 14 ROCHESTER, MN 55901 BLOOM INTERNATIONAL REALTY LLC 206 BROADWAY S SUITE 400 ROCHESTER, MN 55904 C of C 10/4/2019 Commercial Bldg Phased Partial Permit R15-0384CB 4/4/2017 Yes 017936 10 E CENTER ST, ROCHESTER, MN 55904 $45,000,000 CP-4 package: Core building and shell, no MEP's (Hilton on Broadway) No KRAUS-ANDERSON CONSTRUCTION CO NICK LEIMER 416 S BROADWAY ROCHESTER, MN 55904 Legacy Fund I, LLC 30 3 St SE ROCHESTER, MN 55904 Finaled 3/29/2019 Commercial Bldg New R15-0447CB 11/8/2017 Yes 017936 10 E CENTER ST, ROCHESTER, MN 55904 $38,282,469 CP-6 interior fit-up for 396,570 sq ft, 19 story, 264 hotel rooms (Hilton on Broadway) No KRAUS-ANDERSON CONSTRUCTION CO NICK LEIMER 416 S BROADWAY ROCHESTER, MN 55904 Legacy Fund I, LLC 30 3 St SE ROCHESTER, MN 55904 Finaled 7/25/2019 Included on the Partial Expenditure Credit Worksheet 2,050,000$ 15 2018 Building Permits COMPLETED / PARTIAL BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) 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 Commercial Bldg Alteration R17-0435CB 1/16/2018 082430 206 S BROADWAY AVE, ROCHESTER, MN 55904 $299,000 Interior renovation for office fit out (Associated Bank 5th floor, Suite 500) Oxford Management 206 BROADWAY S STE 400 ROCHESTER, MN 55904 CO 5/16/2019 Commercial Bldg Phased Partial Permit R17-0492CB 4/24/2018 050075 202 SW 4 ST, ROCHESTER, MN 55902 $12,969,000 Phased partial permit for complete core and shell. (Discovery Square Phase 1) Mortenson Properties, Inc. 700 Meadow Lane N Minneapolis, MN 55422 CO 7/10/2019 Commercial Bldg Addition R18-0048CB 7/9/2018 082445 850 SW 2 ST, ROCHESTER, MN 55902 $10,126,000 Addition of 30 guest rooms and parking stalls. (7R150200 / Ronald McDonald House) Ronald McDonald House Dave Eide 850 2nd St SW Rochester, MN 55902 CO 11/4/2019 Commercial Bldg Alteration R18-0104CB 8/13/2018 018054 121 N BROADWAY AVE, ROCHESTER, MN 55906 $1,989,204 Historic renovation of former armory building. (Castle Community) CASTLE COMMUNITY LLC Scott Hoss 115-1/2 North Broadway ROCHESTER, MN 55906 CO 2/8/2019 Commercial Bldg Alteration R18-0294CB 9/10/2018 080524 220 S BROADWAY AVE, ROCHESTER, MN 55904 $500,000 Selective demolition of the interior, exterior façade and roof structure to prepare for future building alteration. (Holiday Inn - Rochester) Ebbie Nakhjavani 220 Newport Center Dr Suirte 11-262 Newport Beach, CA 92660 Issued 9/10/2018 Commercial Bldg Alteration R18-0335CB 9/12/2018 017926 21 SW 1 ST, ROCHESTER, MN 55902 $98,000 Demolition of 6th floor space to shell condition. Interior only for future tenant. (Wells Fargo) ROCHESTER PROPERTY OWNER LLC - Timothy Gray 533 SOUTH THIRD ST STE 100 MINNEAPOLIS, MN 55415 Finaled 4/8/2019 Commercial Bldg Alteration R18-0239CB 9/24/2018 082439 412 SE 3 AVE A & B, ROCHESTER, MN 55904 $450,000 Tenant build out of space A & B into a bar, café and lounge. (Fiddlehead Café) Flats on 4th 412 3rd Ave SE Rochester, MN 55904 CO 4/4/2019 Commercial Bldg Alteration R18-0289CB 10/9/2018 017887 100 SW 1 AVE, ROCHESTER, MN 55902 $283,665 Interior fit-up of leased space for a coffee shop adjacent to Peace Plaza. (MOKA Coffee - Peace Plaza) Joan Wilson 513 Main St Suite C LaCrosse, WI 54601 CC 8/5/2019 Commercial Bldg Addition R18-0221CB 10/25/2018 018448 301 N BROADWAY AVE, ROCHESTER, MN 55906 $1,175,000 2920 sq. ft. addition with some remodeling inside to white box main (The Bistro--1st floor); one new apartment and one existing (3rd floor). (Avalon Building) ABM IDEATIONS LLC 4004 AUTUMN LAKE CT SW ROCHESTER, MN 55902 CO 12/5/2019 Commercial Bldg Alteration R18-0399CB 11/16/2018 082430 206 S BROADWAY AVE, ROCHESTER, MN 55904 $230,000 Fit up of the third floor Northwest corner of building for new tenant. (Meyer Borgman Johnson Rochester Office) Alan Hiniker 3270 19th St NW #210 Rochester, MN 55901 CO 2/11/2019 Commercial Bldg New R18-0323CB 11/27/2018 083795 202 SW 4 ST, ROCHESTER, MN 55902 $2,012,000 Tenant fit-out on two levels of the new Discovery Square building. Building collaboration and lab space on the floors. (Discovery Square - U of M) SILVER LAKE INVESTORS / MAYO CLINIC 700 Meadow Lane North ROCHESTER, MN 55422 CO 7/10/2019 Commercial Bldg New R18-0404CB 12/3/2018 083795 202 SW 4 ST, ROCHESTER, MN 55902 $726,786 Tenant build out of office space on first floor. (Epic Systems) Epic Systems Corp 1979 Milky Way Verona, WI 53593 CO 4/24/2019 Commercial Bldg Alteration R18-0389CB 12/7/2018 080524 220 S BROADWAY AVE, ROCHESTER, MN 55904 $5,000,000 Remodel of existing hotel rooms floors 4- 8. (Hotel Indigo - Old Holiday Inn) Jim Toninato 5713 Grand Ave Suite B Duluth, MN 55807 TCO Issued 1/10/2020 Commercial Bldg Alteration R18-0407CB 12/10/2018 017887 20 SW 1 ST, ROCHESTER, MN 55902 $145,000 Fit-up for a new restaurant. (Jerk King Restaurant) Johnson Osei 20 1st St SW Rochester, MN 55902 CO 5/14/209 Multi-Family Bldg Phased Partial Permit R17-0157MFB 2/21/2018 002495 217 SW 14 AVE, ROCHESTER, MN 55902 $4,900,000 Alatus - Footing & Foundation "Tower Only" (2nd Street Housing Mixed-Use Development) Rochester MN Properties, LLC 800 NICOLLET MALL STE 2850 MINNEAPOLIS, MN 55402 Issued 2/21/2018 16 2018 Building Permits COMPLETED / PARTIAL BUILDING PERMITS (Within DMC Boundary, does not include Mayo Projects) Multi-Family Bldg Phased Partial Permit R17-0143MFB 2/27/2018 083687 511 SW 3 AVE, ROCHESTER, MN 55902 $1,750,000 6 Story Multi-Family Apartment Building with Mixed-Use Commercial (Residence at Discovery Square) Footing/Foundation imcluding Precast Plank Installation RESIDENCE AT DISCOVERY SQUARE LLC 206 SOUTH BROADWAY ROCHESTER, MN 55904 Finaled 8/30/2019 Multi-Family Bldg New R17-0141MFB 5/16/2018 017718 511 SW 3 AVE, Rochester, MN 55902 $17,250,000 6 Story Multi-Family Apartment Building with Mixed-Use Commercial (Residence at Discovery Square) RESIDENCE AT DISCOVERY SQUARE LLC 206 SOUTH BROADWAY ROCHESTER, MN 55904 TCO Issued 8/28/2019 Multi-Family Bldg Phased Partial Permit R18-0003MFB 5/21/2018 017770 425 S BROADWAY AVE, ROCHESTER, MN 55904 $2,428,958 Foundation permit application for new multi-family housing development. Two levels of parking and 5 levels of residential housing. (Urban on First) URBAN ON FIRST LLC - Titan Development 30 3 ST SE STE 600 ROCHESTER, MN 55904 Finaled 11/19/2019 Multi-Family Bldg New R18-0011MFB 8/9/2018 002495 217 SW 14 AVE, ROCHESTER, MN 55902 $86,237,507 New multi-use residential apartment building with retail and parking (2nd St Mixed Use Development Tower Only) Ashley Bisner 800 Nicollet Mall Suite 2850 Minneapolis, MN 55402 TCO Issued 1/16/2020 Multi-Family Bldg Alteration R18-0012MFB 8/23/2018 014472 431 SE 3 AVE, ROCHESTER, MN 55904 $340,000 Existing R-2 apartment alteration to convert from 54 units to 25. (Clinic Suites) Andy Friederichs 10817 110 ST SE CHATFIELD, MN 55923 CO 10/18/2019 Multi-Family Bldg New R18-0015MFB 9/5/2018 017770 425 S BROADWAY AVE, ROCHESTER, MN 55904 $28,380,000 New multi-family housing development. Two levels of parking and 5 levels of residential housing. (Urban on First) URBAN ON FIRST LLC - Titan Development 30 3 ST SE STE 600 ROCHESTER, MN 55904 CO 11/19/2019 Multi-Family Bldg New R18-0037MFB 10/3/2018 084104 301 SW 14 AVE, ROCHESTER, MN 55902 $2,178,293 Low rise 45 unit apartment building with 2 walk up units (EWU1 & EWU2) attached to tower building (R18-0011MFB). (Berkman) ROCHESTER MN PROPERTIES LLC 800 NICOLLET MALL STE 2850 MINNEAPOLIS, MN 55402 Issued 10/3/2018 Included on the Partial Expenditure Credit Worksheet 7,748,655$ 17 2019 Building Permits Completed / Partial Building Projects (within DMC Boundary, does not include Mayo Projects 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 Commercial Bldg Alteration R18-0324CB 1/4/2019 081707 20 SW 2 AVE, ROCHESTER, MN 55902 $200,000 Replacement of exterior emergency egress stair. (Kahler Grand Hotel) KAH 20 2ND AVENUE LLC - Christopher Ness 20 2 AVE SW ROCHESTER, MN 55902 Finaled 4/1/2019 Commercial Bldg Alteration R18-0376CB 1/8/2019 083045 10 E CENTER ST, ROCHESTER, MN 55904 $1,650,000 Tenant improvement in first floor space of LF-I Broadway at Center project. (Pittsburgh Blue Restaurant) Titan Development - Brian Moser 30 3 ST SE STE 600 ROCHESTER, MN 55904 C of O Issued 7/8/2019 Commercial Bldg Alteration R18-0454CB 3/8/2019 080524 220 S BROADWAY AVE, ROCHESTER, MN 55904 $5,000,000 Remodel of existing hotel rooms and support spaces on floors 1, 2, & 3. (Hotel Indigo) Jim Toninato 5713 Grand Ave Suite B Duluth, MN 55807 TCO Issued 1/13/2020 Commercial Bldg Alteration R18-0227CB 3/15/2019 017882 150 S BROADWAY AVE, ROCHESTER, MN 55904 $161,000 Front entry and bar reconfiguration. Upgrade of interior finishes. (Pescara - Double Tree Hotel) BGD5 HOTEL LLC 30 3 ST SE STE 600 ROCHESTER, MN 55904 Finaled 5/30/2019 Commercial Bldg Alteration R19-0044CB 4/2/2019 068011 15 SE 1 ST, ROCHESTER, MN 55904 $143,850 Skyway level corridor fit-up and whitebox tenant space. (Broadway Plaza) ROCHESTER DEVELOPMENT INC 7619 LITTLE RIVER TPKE STE 650 ANNANDALE, VA 22003 Finaled 6/17/2019 Commercial Bldg Alteration R19-0032CB 4/9/2019 081707 20 SW 2 AVE, ROCHESTER, MN 55902 $505,000 Interior tenant finish for new Qdoba Mexican Restaurant. (Qdoba Mexican Eats) CMP Foods - Mark or Leigh Miller 16694 206th Circle Hutchinson, MN 55350 C of C Issued 10/9/2019 Commercial Bldg Alteration R19-0037CB 4/15/2019 083045 10 E CENTER ST 2A, ROCHESTER, MN 55904 $655,000 Restaurant tenant fit up. (Hilton Café) LEGACY FUND 1 LLC 30 3 ST SE STE 600 ROCHESTER, MN 55904 C of O Issued 7/26/2019 Commercial Bldg Alteration R19-0104CB 4/29/2019 083045 10 E CENTER ST, ROCHESTER, MN 55904 $152,580 Tenant improvement including completion of electrical and mechanical as well as finishes. (Cambria Gallery) Cambria 31496 Cambria Ave LeSueur, MN 56058 C of O Issued 8/26/2019 Commercial Bldg Alteration R19-0016CB 5/13/2019 083795 202 SW 4 ST, ROCHESTER, MN 55902 $250,300 Build out for a café on level one. (Discovery Square) Silver Lake Investors 700 Meadow Lane North Minneapolis, MN 55422 C of O Issued 8/2/2019 Commercial Bldg Alteration R19-0127CB 5/23/2019 081707 20 SW 2 AVE, ROCHESTER, MN 55902 $45,000 Installation of new MUA and EF unit, and all associated duct for kitchen exhaust for new tenant space. (Kahler/Qdoba grease duct improvement) Kahler Hospitality Group 717 3rd Ave SE Rochester, MN 55904 Finaled 11/19/2019 Commercial Bldg Alteration R19-0115CB 6/18/2019 082430 206 S BROADWAY AVE, ROCHESTER, MN 55904 $549,212 Renovation of existing branch bank. (Associated Bank) Doug Harber 2655 Campus Dr Plymouth, MN 55441 C of C Issued 11/21/2019 Commercial Bldg Alteration R19-0186CB 6/18/2019 080419 519 SW 1 AVE, ROCHESTER, MN 55902 $22,576 Remove and replace walls and ceilings in the meat prep room. Layout to remain the same. (People's Food Co-op) People's Food Co-op 519 1st Ave SW Rochester, MN 55902 Finaled 6/28/2019 Commercial Bldg Alteration R19-0069CB 7/5/2019 083045 10 E CENTER ST 141, ROCHESTER, MN 55904 $65,000 Tenant improvements to include completion of mechanical, plumbing and electrical as well as finishes. (Hilton Lobby Bar) Rochester Hospitality Group, LLC 212 2nd St Se Suite 225 Minneapolis, MN 55414 C of O Issued 12/27/2019 Commercial Bldg Alteration R19-0101CB 7/9/2019 083795 202 SW 4 ST, ROCHESTER, MN 55902 $543,294 Tenant improvement occupies space on the third level of the new Discovery Square Building. Build out includes offices and lab space. (Wuxi Diagnostics) Silver Lake Investors 700 Meadows Lane North Minneapolis, MN 55422 C of O Issued 9/30/2019 18 Commercial Bldg Alteration R19-0244CB 7/24/2019 082430 206 S BROADWAY AVE, ROCHESTER, MN 55904 $98,600 Repair to elevator shaft walls and stairway walls and fire stopping of penetrations. (Associated Bank Building) BLOOM INTERNATIONAL REALTY LLC 206 BROADWAY AVE S STE 500 ROCHESTER, MN 55904 C of C Issued 8/27/2019 Commercial Bldg Alteration R19-0175CB 8/16/2019 083795 202 SW 4 ST 220, ROCHESTER, MN 55902 $460,990 New office/lab tenant improvement. (Suite 220 Discovery Square Building) Silver Lake Investors 700 Meadow Lane North Minneapolis, MN 55422 C of O Issued 11/1/2019 Commercial Bldg Alteration R19-0286CB 10/14/2019 017897 101 SW 1 AVE, ROCHESTER, MN 55902 $100,000 Expanding Caribou Coffee into the neighboring tenant space -Freshens. Increasing seating. (Caribou Coffee) Matt Masica 2900 Lakebreeze Ave North Brooklyn Center, MN 55429 C of C Issued 11/8/2019 Multi-Family Bldg Alteration R19-0002MFB 1/29/2019 018102 211 NW 2 ST 2010, ROCHESTER, MN 55901 $45,000 Alteration to suite 2010. CHARTERHOUSE INC - Deborah Kenitz 211 2 ST NW ROCHESTER, MN 55901 Finaled 4/15/2019 Multi-Family Bldg Alteration R19-0054MFB 8/7/2019 018102 211 NW 2 ST 1816, ROCHESTER, MN 55901 $15,000 Apartment renovation. (Charter House) CHARTERHOUSE INC - Scott Green 211 2 ST NW ROCHESTER, MN 55901 Finaled 11/13/2019 Commercial Bldg Addition R19-0029CB 5/16/2019 017926 21 SW 1 ST, ROCHESTER, MN 55902 $5,250,000 Addition of Jewel Box, re-skinning of exterior façade, relocating domestic water in Peace Plaza and installation of new elevator. (Wells Fargo Downtown) ROCHESTER PROPERTY OWNER LLC - Tony Barronco 533 SOUTH THIRD ST STE 100 MINNEAPOLIS, MN 55415 Issued 5/16/2019 Demolition Commercial R19-0003D 2/28/2019 075697 315 NW 1 AVE, ROCHESTER, MN 55901 $63,000 Demolition of existing American Legion building, including removal of existing asphalt parking lot/curbs; for future construction of Civic on First-Hyatt House hotel project EKN Development Group 220 Newport Center DR Newport Beach, CA 92660 Issued 2/28/2019 Commercial Bldg Phased Partial Permit R18-0467CB 5/16/2019 075697 315 NW 1 AVE, ROCHESTER, MN 55901 $3,710,000 Placement of new footings, drilled piers, structural foundations and 3 levels of post tensioned concrete for a new 8 story hotel. (Civic on First) EKN Development Group - Ebbie Nakhjavani 220 Newport Center Dr Suite 11-262 Newport Beach, CA 92660 Issued 5/16/2019 Commercial Bldg New R19-0078CB 7/30/2019 075697 315 NW 1 AVE, ROCHESTER, MN 55901 $28,480,475 New 172 room hotel with 2 levels of parking. Common amenities on 1st floor include meeting rooms, swimming pool, guest kitchen and lobby bar. (Civic on First) Civic Center Hotel JV, LLC 180 North University Ave Suite 200 Provo, UT 84601 Issued 7/30/2019 Commercial Bldg Phased Partial Permit R19-0206CB 10/2/2019 075680 085073 101 SW 11 AVE, ROCHESTER, MN 55902 $6,750,000 Footing, foundation and underground utilities for new hotel package. (Eleven02 Hotel) Tyler Miles 1018 West Atherton Drive Taylorville, UT 84123 Issued 10/2/2019  Included on the Partial Expenditure Credit Worksheet 5,662,402$      19 20 21 22 Destination Medical Center Economic Development Agency TO: DMC Corporation Board of Directors FROM: Destination Medical Center Economic Development Agency RE: FIVE-YEAR UPDATE OF THE DMC DEVELOPMENT PLAN At the February 6, 2020 DMC Corporation board of directors meeting, the members of the DMC Corp. board executive committee agreed to advise DMC EDA staff as the 5-year update is prepared. On that same date, participants in the DMC-City-County collaborative session reviewed the input provided by professional staff from the City of Rochester, Olmsted County, Rochester Area Builders, the Rochester Downtown Alliance, the Rochester Area Chamber of Commerce, Rochester Area Economic Development, Inc., Experience Rochester, and Mayo Clinic. The input was presented as three recommendations: keep the plan understandable and succinct; demonstrate progress toward DMC goals; do not create “just another plan”. The update strategy reflects the recommendations of these community economic development partners. Keep the plan understandable and succinct: •Sixty pages or fewer in total length •Digital version •Recognize that DMC is in the midst of implementation and has established priorities and projects informed by prior planning, market demand, and community input •Synthesize and incorporate the additional plans generated by DMC and others since 2015 •Keep the update focused on high-level DMC priorities Demonstrate progress toward DMC goals: •Benchmark against 2015 plan assumptions and forecasts, peer regions, and market analyses •Establish a new set of five-year economic and fiscal assumptions •Demonstrate how the DMC economic development initiative creates tangible benefits to City, County, regional, and State residents Don’t create “just another plan”: •Focus on implementation •Highlight progress toward the current plan and establish the current state of DMC priorities (public realm, mobility, private development, streets and sewers, DMC operations) •Create a five-year strategic implementation framework for DMC priorities, including an initial allocation of DMC resources to achieve five- and fifteen-year goals. •Identify potential areas of opportunity or additional research •Summarize the collaborative efforts led or supported by various community, regional, and state partners in numerous areas (housing, transportation, workforce, energy, etc.) •Direct interested readers to additional in-depth resources A graphic representation of the proposed plan outline is on the reverse side. It is intended to illustrate how a reader could proceed through the document, from DMC goals and principles to a summary of past and contemporary activities to the 2020-2025 implementation strategies to an index of additional, more in-depth resources. At the March 26 DMC Corp. board executive committee meeting, this information, as well as a project timeline and draft plan update content, will be discussed. 23 DRAFT ‐Executive Summary of 2020 DMC  Update 2324