city-of-avalon-special-city-council-meeting-agenda-july-24-2025_5ad.pdf
City Considers Advance Funding Agreement With CIMC
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Description
Avalon is considering an advance payment agreement with Catalina Island Medical Center for about $1,106,450.00 plus legal fees, to support participation in a Medicaid funding program. The hospital would repay the City over eighteen months using Measure C revenues and other hospital funds, including administrative fees.
Contract Details
Contract Amount
approximately $1,106,450.00 plus City Attorneys' fees
Vendor
CATALINA ISLAND MEDICAL CENTER
Agency
City of Avalon, CA
Contract Type
FINANCIAL_SERVICES
Document Date
July 24, 2025
Contract Term
Repayment over eighteen months
Renewal Info
Advance payment to be repaid over eighteen months; no ongoing renewal terms referenced.
More from CATALINA ISLAND MEDICAL CENTER
Related Contracts
avalon-special-city-council-meeting-minutes-july-24-2025_a81.pdf
approvedtown-of-avalon-agenda-cimc-advance-payment-medicaid-program-jul-24-2025_338.pdf
pendingavalon-special-city-council-meeting-minutes-july-24-2025_a81.pdf
APPROVEDavalon-special-city-council-meeting-minutes-july-24-2025_55f.pdf
APPROVEDtown-of-avalon-agenda-cimc-advance-payment-medicaid-program-jul-24-2025_338.pdf
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