CentraCare

(Willmar MN-) CentraCare Health in St. Cloud wants to take over The City of Willmar's debt for the massive improvement project at Rice in 2012-2013. The city still owes 32.5 million dollars for the project, and in 2017, they signed an agreement with CentraCare-Carris for them to lease Rice, and the lease payments have been going toward paying that bond. Willmar Finance Director Steve Okins says CentraCare has requested Conduit Bonding so they could take on that debt from the city...

...Okins says CentraCare has requested Conduit bonding, which has tax advantages...

...Okins says at the March 1st Willmar City Council meeting, The Willmar Finance Committee will recommend the city council set a public hearing on the matter for April 5th.