HomeMy WebLinkAboutResolution No. 182-25 - Resolution - DMC 2025 budget amendment
RESOLUTION
Authorizing a Budget Amendment for the 2025 Destination Medical Center
Corporation (DMCC) 2025-2029 DMCC Capital Budget.
WHEREAS, the Destination Medical Center Corporation (DMCC) must adopt an annual
Funding request and a Five Year Capital Plan; and
WHEREAS, the City Council approved the 2025 Destination Medical Center
Corporation (DMCC) Operating Budget, the 2025-2029 DMCC Capital Budget, the
DMCC and the DMC Economic Development Agency Working Capital Loan
Extensions; and
WHEREAS, Link is a proposed 2.8 mile route along 2nd Street that will connect
downtown Rochester to businesses, residents, health care facilities and cultural
institutions; and
WHEREAS, the expansion of transit services support the City’s mode shift goals and
increase accessibility; and
WHEREAS, recent bid estimates have increased the total project budget from
$175,150,784 million to $196,733,908 million requiring an additional $21,240,393 in
DMC transit aid to support implementation of the project; and
WHEREAS, the City Council of the City of Rochester must review and approve the
DMCC’s annual budget; and
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Rochester that the 2025-2029 Capital Improvement Plan (CIP) for the Destination
Medical Center Corporation totaling $175,150,784, be amended to include an additional
amount of $21,240,393 for the Link project.
BE IT FINALLY RESOLVED by the Common Council of the City of Rochester, Minnesota,
that the above listed financing plans are approved and the corresponding amendments
to the 2024-25 Adopted City Budget are authorized.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF ,
2025.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS DAY OF , 2025.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)