(El Centro City Council approved the term sheet for the Imperial Valley Healthcare District. It was approved at a special meeting by the City Council this week.

The term sheet deals with the Transfer of El Centro Regional Medical Center, its Real Estate and operational license to the newly formed Imperial Valley Healthcare District. The term sheet describes how the IVHD will acquire the Hospital, property, real estate and license for $1 at closing, as well as a transfer of funds. and IVHD will offer all current Hospital employee's jobs at their current pay levels. Copies of the term sheet were passed out at the meeting. The term sheet now goes to the Imperial Valley Healthcare District Board for their approval.