The city and an economic development agency linked to the Destination Medical Center are close to finalizing a formal application process designed to provide prospective projects a clear path.

A legislative fix for Destination Medical Center spending faltered, fanning concerns that Rochester could have to find additional funding streams down the line – possibly though a property tax hike affecting its 110,742 residents.

The board agreed it was better to enact its own sales tax to be used within the county’s borders rather than contribute more to a metro-wide sales tax pool for transit projects.

The county board was set to consider a half-cent sales tax and a $20 excise tax on motor vehicle sales within the county to raise $6 million annually for projects.