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Indemnification Agreement <br /> INDENINIFICATION AGREEMENT <br /> BY AND BETWEEN <br /> THE CITY OF REDWOOD CITY AND <br /> FIGTREE COMPANY,INC. <br /> This Indemnification Agreement (the "Agreement") is entered into by and between the City <br /> of Redwood City,a municipal corporation or political subdivision,duly organized and existing under <br /> the laws of the State of California (the "Public Entity") and Figtree Company, Inc., a California <br /> corporation, the administrator of the Figtree Property Assessed Clean Energy and Job Creation <br /> Program (the "Administrator"), which is a program of the California Enterprise Development <br /> Authority, a California joint exercise of powers authority(the"Authority"). <br /> RECITAi,� <br /> WHEREAS,the Authority is a joint exercise of powers authority whose members include the <br /> Public Entity in addition to other cities and counties in the State of California; and <br /> WHEREAS,the Authority established the Figtree Property Assessed Clean Energy and Job <br /> Creation Program(the"Figtree PACE Program")to allow the financing of certain renewable energy, <br /> energy efficiency and water efficiency improvements that are permanently affixed to real property <br /> through the levy of assessments voluntarily agreed to by the participating property owners pursuant <br /> to Chapter 29 of Part 3 of Division 7 of the Streets and Highways Code ("Chapter 29") and the <br /> issuance of improvement bonds, or other forms of indebtedness, under the Improvement Bond Act <br /> of 1915 upon the security of the unpaid assessments; and <br /> WHEREAS, the Authority has conducted or will conduct proceedings required by Chapter <br /> 29 with respect to the territory within the boundaries of the Public Entity; and <br /> WHEREAS, the legislative body of the Public Entity adopted or will adopt a resolution <br /> authorizing the Public Entity to join the Figtree PACE Program; and <br /> WHEREAS, the Public Entity will not be responsible for the formation, operation and <br /> administration of the Figtree PACE Program as well as the sale and issuance of any bonds or other <br /> forms of indebtedness in connection therewith, including the conducting of assessment proceedings, <br /> the levy and collection of assessments and any remedial action in the case of such assessment <br /> payments, and the offer, sale and administration of any bonds issued by the Authority on behalf of <br /> the Figtree PACE Program; and <br /> ATTY/AGR/2014.192/INDEMNIFICATION AGR BTWN RWC&FIGTREE COMPANY—EXHIBIT B TO RESO 3016 <br /> REV:09-26-14 VR&PT <br /> Page 1 of 4 <br />