Town of Los Gatos Council Meeting Agenda 2026-05-19
Town Renews Long-Term EV Charging Deal with Tesla
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Description
Los Gatos will enter a new agreement with Tesla, Inc. to continue operating 20 EV charging stalls in the Northside Parking Lot. The ten-year contract, with a five-year renewal option, pays the Town $8,616 per month subject to 5% annual escalation.
Contract Details
Contract Amount
$8,616 per month for 10 years, subject to 5% annual escalation
Vendor
TESLA INC
Agency
Town of Los Gatos, CA
Contract Type
LICENSE
Document Date
May 19, 2026
Contract Term
Ten-year period with one five-year renewal period
Renewal Info
Initial ten-year term with one five-year renewal period; monthly payments escalate 5% annually.
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