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Board of Directors of the Toronto Atmospheric Fund · 2021-02-05 · 2021.TA10.9

The filed record

Source of Toronto Atmospheric Fund Financing an Energy Savings Performance Agreement (ESPA) Transaction

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The decision

2021-02-05 · Board of Directors of the Toronto Atmospheric Fund · received

As filed

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

On the agenda

As the city filed it

The Investment Committee received advice from staff that it would be appropriate to use funds from the Canada endowment to finance a retrofit which has already been initiated with funds from the Toronto and Ontario endowments. Although the Canada endowment was received subsequent to these allocations, and the direction is not to use new funds for completed direct investments, the financing for this project has not been fully advanced. The purpose of this report is to advise the Board regarding the use of funds in this specific case.

    On the record

    The item as the City filed it

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