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←Toronto Atmospheric Fund · 2026-11-03 · 2026.TA16.7

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Toronto Atmospheric Fund decides · Tue, Nov 3

Atmospheric Fund board to decide on buying out two energy projects

The Toronto Atmospheric Fund board is asked to decide whether to buy the remaining interest in two legacy energy savings projects and a royalty stream. The purchase would give the fund all remaining project revenue and simplify administration of the mature contracts.

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Tue, Nov 3 · Toronto Atmospheric Fund · scheduled, not yet heard
Why is this story here?
ContainedThe item is a single buyout of a partial interest in two legacy energy savings contracts and an associated royalty stream, which is bounded and does not change the fund's structure.Invisible to residentsIf approved, the change is an internal administrative and revenue arrangement that residents would not notice without being told.

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The record as the City filed it

Staff recommended

The Vice President, Impact Investing, Toronto Atmospheric Fund recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Approve the purchase of the Project Originator's remaining interest and ongoing royalty income in two legacy ESPA retrofit projects for $35,000, subject to: a. the Project Originator bearing all legal costs required to effect the transaction; b. completion of all required documentation to effect TAF's purchase, on terms satisfactory to the Vice President, Impact Investing; and c.

Show the rest of Staff recommended, 606 more characters as filed

satisfactory review of all legal documentation by TAF's legal counsel, as determined by the Vice President, Impact Investing and the Chief Executive Officer. 2. Direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it contains commercial and financial information, supplied in confidence to the Toronto Atmospheric Fund, 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.

Considered

Official title: Direct Investment Amendment: Energy Savings Performance Agreement Buyout (DI.2017.A and DI.2017.B) · the item as the City filed it

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