City Attorney Katherine Bolles said the trust money would be used for items such as attorney fees or to buy back the remainder of the lease.
“There is no time limit on use of the funds, but the use is limited in the event the lease is terminated,” Bolles said.
“Midwest Regional Medical Center respects the decision of the voters,” Brown said in a statement. “We are dedicated to advancing our mission of providing high-quality care for the community and to continually enhancing that care.”
Also approved by voters Tuesday were charter changes bringing the city's election procedures into compliance with state law and increasing the stipend paid to the mayor and city council members. The increases will take effect after the mayor and council members are re-elected or succeeded in office.
Bolles said the amendment setting election dates will be put to immediate use. The city council will consider at its next meeting setting 2014 election dates for mayor and council seats in wards 1, 3 and 5.
Fry thanked voters for approving the pay increases for mayor and council. He said the hikes will help offset costs they incur in carrying out their duties. The stipends had not been increased in 14 years, he said.