HomeMy WebLinkAboutResolution No. 042-26 - Resolution - Historic District Incentives Request 7 2nd St SW
RESOLUTION
nd
Downtown Property Preservation Program Funding Request for 7 2 Street SW.
WHEREAS, On January 22, 2024, the City of Rochester (the “City”) established a
downtown commercial historic district of thirty-two properties (the “Commercial Historic
District District”) located within the development district boundaries as adopted in the
Development Plan (the “Development District”); and
WHEREAS, On May 23, 2024, the DMCC established a downtown property preservation
program (the “Program”). The Program provides an application and a general state
infrastructure aid funding process for public infrastructure projects within the Commercial
Historic District; and
WHEREAS, The Program provides an opportunity of funding up to 50% of a capital
improvement project (not to exceed $500,000 per property) within the Commercial
Historic District if such project (i) meets the definition of a “public infrastructure project”
(as defined in Minnesota Statutes, Section 469.40, subdivision 11); (ii) lies within the
Development District and is defined as a “contributing property” within the Commercial
historic District; (iii) is consistent with the Development Plan; (iv) achieves a capital
improvement that is intended to be a permanent asset of the Commercial Historic District;
and (v) satisfies certain statutory requirements, including prevailing wages and use of
American-made structural steel, as well as local requirements, such as sustainable
building standard, women and minority-owned construction contracting, and workforce
development (collectively, the “Program Requirements”); and
WHEREAS, The final payment will be based on the actual costs and will not exceed 50%
of the Proposed Project Cost; and
nd
WHEREAS, The owner of property located at 7 2 Street SW has requested funding
under the Program for a project that will include exterior envelope preservation and
interior reuse (the “Proposed Project”); and
WHEREAS, The Destination Medical Center Corporation (DMCC) has approved the
Proposed Project on February 5, 2026, DMCC Board Meeting; and
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester,
MN, that the Council adopts the Downtown Property Preservation Program funding
nd
request in the amount of $500,000 for the property located at 7 2 Street SW.
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)