Item - 2021.TA11.7
Tracking Status
- This item was considered by Board of Directors of the Toronto Atmospheric Fund on April 26, 2021 and was adopted with amendments.
TA11.7 - Direct Investment Request - 2020 - 4B
- Decision Type:
- ACTION
- Status:
- Amended
Confidential Attachment - Commercial and financial information, supplied in confidence to the Toronto Atmospheric Fund, which, if disclosed, could reasonably be expected to significantly prejudice the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Board Decision
The Board of Directors of the Toronto Atmospheric Fund:
1. Directed that the confidential information contained in Confidential Attachment 1 to the report (April 14, 2021) from the Vice President, Impact Investing, and the Confidential Presentation remain confidential in their entirety, as they contain commercial and financial information, supplied in confidence to The Atmospheric Fund, which, if disclosed, could reasonably be expected to significantly prejudice the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Decision Advice and Other Information
The Board of Directors of the Toronto Atmospheric Fund recessed its public meeting to meet in closed session to consider the item as it pertains to commercial and financial information, supplied in confidence to the Toronto Atmospheric Fund, which, if disclosed, could reasonably be expected to significantly prejudice the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
This report pertains to the potential for an additional investment, following on previous investment. If advanced it would comply with investment limits as set out in TAF’s investment policy.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-165835.pdf
Confidential Attachment 1
Confidential Presentation from the Vice President, Impact Investing on Direct Investment Request - 2020 - 4B
Motions
The recommendation be amended to read as follows:
The Board of Directors of the Toronto Atmospheric Fund:
1. Direct the confidential information contained in Confidential Attachment 1 and the Confidential Presentation remain confidential in its entirety, as it contains commercial and financial information, supplied in confidence to The Atmospheric Fund, which, if disclosed, could reasonably be expected to significantly prejudice the competitive position, or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.