Amendment and Clarification to Direct Investment 2024 #2 (EV Ready MURBs)

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The decision

2026-04-28 · Toronto Atmospheric Fund · adopted

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved a clarification and amendment of Direct Investment 2024 #2, approved by the Board on November 21, 2024, to authorize staff, consistent with instructions from the Direct Investment Committee, to negotiate and amend Letters of Intent and related project agreements to adjust upfront cost sharing arrangements and initial EV charger deployment for a limited number of pilot buildings.

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2. Directed that the confidential information contained in Confidential Attachment 1to the report (April 14, 2026) from the Vice President, Impact Investing, Toronto Atmospheric Fund, remain confidential in its entirety, as it contains commercial and financial information and negotiation details supplied in confidence, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

On the agenda

As the city filed it

This report seeks Board approval of a clarification and amendment to the Direct Investment 2024 #2 (EV Ready MURBs) approved by the Board on November 21, 2024, to permit amendments to Letters of Intent and related project agreements for a limited number of pilot buildings.

Staff recommended

The Vice President, Impact Investing recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Approve a clarification and amendment of Direct Investment 2024 #2, approved by the Board on November 21, 2024, to authorize staff, consistent with instructions from the Direct Investment Committee, to negotiate and amend Letters of Intent and related project agreements to adjust upfront cost sharing arrangements and initial EV charger deployment for a limited number of pilot buildings.

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2. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains commercial and financial information and negotiation details supplied in confidence, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

On the record

The item as the City filed it

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