The filed record
Rescission of Decision Respecting Item TA6.7 - Direct Investment 2020 - No. 2
The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.
The decision
2022-04-27 · Board of Directors of the Toronto Atmospheric Fund · adopted
As filed
The Board of Directors of the Toronto Atmospheric Fund: 1. Rescinded approval of the May 21, 2020 Item TA6.7 - Direct Investment Request 2020 - No. 2.
On the agenda
As the city filed it
Rescission of a previously approved Direct Investment of up to $1,500,000 of working capital is recommended. TAF's financing is no longer required as the company raised additional equity and was able to secure low-cost unsecured debt to grow its business.
Staff recommended
The Vice President, Impact Investing recommends that the Board of Directors of the Toronto Atmospheric Fund rescind approval of the May 21, 2020 Item TA6.7 - Direct Investment Request 2020 - No. 2.