business subsidy

Industrial Park land write-down policy amended

August 9, 2017

Industrial Park land write-down policy amended
WILLMAR—Those interested in purchasing land in the Willmar Industrial Park 3rd and 4th Additions, and using the city’s Industrial Land Pricing Write-Down policy to reduce the purchase price, will have to put a little more money into their land purchase starting Jan. 1. The Willmar City Council amended the policy Monday and set the maximum allowed write-down credit at 75 percent of the stated price of the property. The existing policy had no such cap and said only that the write-down could