Willmar City Council OKs Rice Memorial Hospital, MUC transfer agreements
WILLMAR -- The Willmar City Council has approved extending the intergovernmental transfer payment agreements with Rice Memorial Hospital and the Municipal Utilities, each for another three-year term through 2012.
Rice pays the city an amount equal to .40 percent of 1 percent of prior year net assets for the following year. The minimum amount of the annual payment would not be less than $200,000. The 2010 payment will be $205,664.
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