avalon-special-city-council-meeting-minutes-july-24-2025_55f.pdf
Avalon OKs 18-Month Advance Payment Deal With CIMC
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Description
Avalon City Council approved an eighteen‑month advance payment agreement with Catalina Island Medical Center to recoup the $1,106,450.00 IGT transfer, related attorney fees, and administrative and lost opportunity costs. Repayment will occur via Measure C funds and other allowable CIMC revenues.
Contract Details
Contract Amount
$1,106,450.00 plus City Attorneys' fees and certain administrative and lost opportunity fees
Vendor
CATALINA ISLAND MEDICAL CENTER
Agency
Town of Avalon, GA
Contract Type
FINANCIAL_SERVICES
Document Date
July 24, 2025
Contract Term
eighteen months
Renewal Info
Advance payment and offset arrangement is structured over an eighteen‑month period; no renewal or extension options are described.
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