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HomeMy WebLinkAboutResolution No. 020-26 - Resolution - DMC Development Plan 5-Year Update RESOLUTION Five-Year Update to the Destination Medical Center Development Plan. WHEREAS, on March 23, 2015, the Common Council of the City of Rochester adopted Resolution No. 133-15 approving the Destination Medical Center (DMC) Development Plan; and, WHEREAS, Minnesota Statutes, section 469.43, subd. 4 requires that the Destination Medical Center Corporation (DMCC) update the Development Plan not less than every five years; and, WHEREAS, on November 19, 2025, the DMCC formally submitted the Five-Year Update to the Development Plan to the City of Rochester for its review and action within 60 days; and, WHEREAS, the DMC Economic Development Agency (EDA) has coordinated ongoing community engagement activities; received additional feedback and input from community members, City and County staff, City Council, stakeholders, and professional advisory firms; and, WHEREAS, the DMC EDA has advised the City that the most substantive subsequent additions include more detailed financial impact analysis, projections of market demand and potential measures of success, and lessons learned; and, WHEREAS, the DMC EDA has incorporated these additions into the submission provided by the DMCC and recommends that the Common Council of the City of Rochester adopt this updated version; and, WHEREAS, the City has reviewed the Five-Year Update to the Development Plan as updated by the DMC EDA; NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester that the City approves the Five-Year Update to the Development Plan, including the additions provided by the DMC EDA. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2026. ___________________________________ PRESIDENT OF SAID COMMON COUNCIL ATTEST: __________________________ CITY CLERK APPROVED THIS _____ DAY OF ______________________, 2026. ___________________________________ MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota)