HomeMy WebLinkAbout2/1/2024 DMCC Special Public Meeting - Resolution AA.
DESTINATION MEDICAL CENTER CORPORATION
RESOLUTION NO. __-2024
Authorizing Report to the Legislature Pursuant to Statute
BACKGROUND RECITALS
A. Minnesota Laws, Chapter 143, Article 10 (the “Act”) provides that by February
15 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, to the Commissioners of Revenue and
Employment and Economic Development, and to 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 started 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, 2024,
and attached as Exhibit 1.
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 1, 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.
1448137.DOCX