Item - 2022.TA20.4
Tracking Status
- This item was considered by Board of Directors of the Toronto Atmospheric Fund on November 3, 2022. The Board of Directors of the Toronto Atmospheric Fund postponed consideration of this item. Consult the text of the decision for further information on the deferral.
TA20.4 - Delegation of Final Approval of Energy Savings Performance Agreement Transactions to the Direct Investment Committee
- Decision Type:
- ACTION
- Status:
- Deferred
Board Decision
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.
Origin
(October 20, 2022) Report from the Chief Executive Officer, Toronto Atmospheric Fund
Summary
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.
Background Information
(October 20, 2022)
Report from the Chief Executive Officer, Toronto Atmospheric Fund on Delegation of Final Approval of Energy Savings Performance Agreement Transactions to the Direct Investment Committee
https://www.toronto.ca/legdocs/mmis/2022/ta/bgrd/backgroundfile-229796.pdf
https://www.toronto.ca/legdocs/mmis/2022/ta/bgrd/backgroundfile-229796.pdf
Motions
Motion
to Defer Item
moved by
Graysanne Bedell
(Carried)
That consideration of the item be deferred until the next meeting of the Board of Directors of the Toronto Atmospheric Fund.