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Board of Directors of the Toronto Atmospheric Fund · 2022-11-03 · 2022.TA20.4

The filed record

Delegation of Final Approval of Energy Savings Performance Agreement Transactions to the Direct Investment Committee

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The decision

2022-11-03 · Board of Directors of the Toronto Atmospheric Fund · deferred

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Deferred the consideration of the item until the next meeting of the Board of Directors of the Toronto Atmospheric Fund.

On the agenda

As the city filed it

The report recommends delegation of approval of terms and conditions for Energy Savings Performance Agreements (ESPA) under the previously-approved financing for Efficiency Capital to Toronto Atmospheric Fund's Direct Investment Committee. This 'housekeeping' change mirrors the original delegation to the Investment Committee as the newly-established Direct Investment Committee did not exist at the time.

Staff recommended

The Chief Executive Officer recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Delegate approval of terms and conditions for Energy Savings Performance Agreements to Toronto Atmospheric Fund's Direct Investment Committee.

    On the record

    The item as the City filed it

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