Finance committee approves payment agreements with Rice Memorial Hospital
WILLMAR -- The Willmar City Council's Finance Committee is recommending the council renew the annual intergovernmental transfer payment agreement with Rice Memorial Hospital.
Under a formula established in 2007, Rice pays the city an amount equal to .40 percent of prior year net assets, but at no time will the payment to the city be less than $200,000. The 2010 payment will be $205,664, according to information presented to the committee on Monday.
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