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Board of Directors of the Toronto Atmospheric Fund · 2019-11-08 · 2019.TA4.3

The filed record

Tri-partite Agreement regarding the Government of Canada Endowment

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The decision

2019-11-08 · Board of Directors of the Toronto Atmospheric Fund · amended

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Endorsed the proposed positions as outlined in Confidential Attachment 2 to the report (October 25, 2019) from the Chief Executive Officer for negotiating the Tri-partite Funding Agreement among Toronto Atmospheric Fund, the City of Toronto and the Federation of Canadian Municipalities. 2. Directed that the confidential information contained in Confidential Attachments

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1 and 2 to the report (October 25, 2019) from the Chief Executive Officer remain confidential in its entirety, as it involves the security of property belonging to the City of Toronto and Toronto Atmospheric Fund and about a plan to be applied to any negotiations carried on or to be carried on by or on behalf of the City of Toronto and Toronto Atmospheric Fund.

On the agenda

As the city filed it

This is report provides an update on and overview of the proposed negotiation of a tri-partite Funding Agreement that is underway between Toronto Atmospheric Fund (TAF), the City of Toronto and the Federation of Canadian Municipalities (FCM) governing the $40 million Federal endowment TAF will receive and administer. Approval by TAF's Board and Council will be required for execution.

Staff recommended

The Chief Executive Officer recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it involves the security of property belonging to the City of Toronto and Toronto Atmospheric Fund and about a plan to be applied to any negotiations carried on or to be carried on by or on behalf of the City of Toronto and Toronto Atmospheric Fund.

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