Legal, financial reviews show no apparent problems with size of EDC reserve fund
WILLMAR — Hoping to settle the controversy once and for all over the Kandiyohi County and City of Willmar Economic Development Commission reserve fund, the EDC brought in its accountant and attorney this week for an in-depth review of the fund and existing statutes that govern reserve amounts.
EDC staff and members of the joint operating board spent almost an hour Thursday on the discussion, ultimately taking no action to reallocate or decrease the organization’s reserve fund.
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