town-of-avalon-agenda-cimc-advance-payment-medicaid-program-jul-24-2025_338.pdf
City plans advance payment deal with CIMC
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Description
Avalon is considering an advance payment agreement with Catalina Island Medical Center to front approximately $1,106,450.00 so the hospital can participate in a Medicaid funding program. The City would be repaid over eighteen months using Measure C funds and other CIMC revenues, including reimbursement of City Attorney fees.
Contract Details
Contract Amount
approximately $1,106,450.00 plus City Attorneys' fees (advance repayment)
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
Eighteen-month repayment period for the advanced IGT amount and related City Attorney fees; no explicit renewal options mentioned.
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town-of-avalon-agenda-cimc-advance-payment-medicaid-program-jul-24-2025_338.pdf
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