Item - 2024.MM24.40

City Council on December 17 and 18, 2024, adopted the following:

1. City Council authorize the Executive Director, Environment and Climate to negotiate and execute an agreement with the Trottier Family Foundation for the City of Toronto to receive funding of $150,000 to be transferred to the Toronto Atmospheric Fund pursuant to the Relationship Framework between the City of Toronto and the Toronto Atmospheric Fund, on terms acceptable to the Chief Financial Officer and Treasurer and the Executive Director, Environment and Climate and in a form satisfactory to the City Solicitor.

2. City Council authorize the Chief Financial Officer and Treasurer, in consultation with the City Manager or designate, as needed, to negotiate and execute an agreement with charitable foundations to receive funding for the Toronto Atmospheric Fund in amounts that do not exceed $500,000 and, without the need to further report to or seek approval from Council, so long as:

a. such funding is subsequently transferred to the Toronto Atmospheric Fund in accordance with section 10 of the Relationship Framework between the City of Toronto and the Toronto Atmospheric Fund;

b. such agreements are entered into and executed on or before the end of the current term of City Council; and

c. such agreement is on terms acceptable to the Chief Financial Officer and Treasurer and the City Manager or designate and is in a form satisfactory to the City Solicitor.

3. City Council authorize the City Manager or designate in collaboration with the Toronto Atmospheric Fund, and in consultation with the City Solicitor, to amend section 10 of the current Relationship Framework between the City and Toronto Atmospheric Fund to implement the direction in Part 2 above.