Agmt25 Peninsula Clean Energy Authority

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REV: 07-15-25 LF AGREEMENT BETWEEN THE PENINSULA CLEAN ENERGY AUTHORITY AND CITY OF REDWOOD CITY FOR MEMBER AGENCY ENERGY GRANT PROGRAM This Agreement is entered into this 1 day of August, 2025, by and between the Peninsula Clean Energy Authority, a joint powers authority of the state of California, hereinafter called “PCEA,” and City of Redwood City, a charter city and municipal corporation in the state of California, hereinafter called “Grantee.” * * * 1. Exhibits and Attachments The following exhibits and attachments are attached to this Agreement and incorporated into this Agreement by this reference: Exhibit A—Project Description Exhibit B—Grant Distribution 2. Grant Process In consideration of the payments set forth in this Agreement and in Exhibit B, Grantee shall implement the Project in accordance with the terms, conditions, and specifications set forth in this Agreement and in Exhibit A. 3. Grant Distribution In consideration of the Project to be implemented by Grantee in accordance with all terms, conditions, and specifications set forth in this Agreement and in Exhibit A, PCEA shall make a grant payment to Grantee in the manner specified in Exhibit B. PCEA may withhold final grant payment only upon reasonable determination that the work performed materially fails to meet the requirements of Exhibit B, and after providing Grantee written notice and a reasonable opportunity to cure the deficiency. In no event shall PCEA’s total fiscal obligation under this Agreement exceed one million, two hundred and sixty-five thousand, eight hundred and sixty-six dollars ($1,265,866). If the Project is terminated due to Grantee’s failure to perform in accordance with this Agreement, Grantee shall return any unused grant funds not already committed in good faith to eligible project expenses. 4. Term Subject to compliance with all terms and conditions, the term of this Agreement shall be from August 1, 2025, through July 1, 2027. ATTY/AGR.2025.174/Peninsula Clean Energy (PCE Member Agency Grant Agreement) (Page 1 of 10)