Minutes To be Confirmed

Board of Directors of the Toronto Atmospheric Fund

Meeting No.:
14
Contact:
Jennifer Lin, Committee Secretary
Meeting Date:
Friday, November 5, 2021

Phone:
416-338-5089
Start Time:
9:00 AM
E-mail:
tafboard@toronto.ca
Location:
Video Conference
Chair:
Parminder Sandhu

This meeting of the Board of Directors of the Toronto Atmospheric Fund was held by electronic means and the proceedings of the Board were conducted publicly.

 

These measures were necessary to comply with public health guidelines and prevent the spread of COVID-19.

TA14.1 - Chief Executive Officer's Report

Decision Type:
Information
Status:
Received

Board Decision

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

Decision Advice and Other Information

The Chief Executive Officer gave an overview of the Chief Executive Officer's Report.

Origin

(October 22, 2021) Report from the Chief Executive Officer, Toronto Atmospheric Fund

Summary

This report provides an update on Toronto Atmospheric Fund initiatives with regard to Governance and Organizational Matters and Strategic Programs.

Background Information

(October 22, 2021) Report from the Chief Executive Officer, Toronto Atmospheric Fund on Chief Executive Officer's Report
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172376.pdf

Motions

Motion to Receive Item moved by Parminder Sandhu (Carried)

That the item be received for information.

TA14.2 - Draft 2022 Consolidated Operating Budget

Decision Type:
ACTION
Status:
Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

 

1.  Approved the 2022 Consolidated Operating Budget as presented in Attachment 1 to the report (October 22, 2021) from the Director of Finance, Toronto Atmospheric Fund.

Origin

(October 22, 2021) Report from the Director of Finance, Toronto Atmospheric Fund

Summary

TAF’s 2022 Operating Budget is presented for Board consideration and approval.

 

The opening net asset value (NAV) of TAF’s three endowments is estimated at $104 million.

 

Revenues have been budgeted based on: a conservative annual return of 5.5 percent on the marketable securities portfolio; an attainable direct investment portfolio that factors in risk / return expectations; attracting external revenues for specific projects in line with previous years’ results; using some of the $2 million Canada operating funds; and a one-time draw from the Toronto endowment recognizing consistent above-projected returns which has filled the Stabilization Fund.

 

Expenditures are based on: the available resources, including investment proceeds and external funds (which are not spent until raised); the minimum grant and maximum administrative expense requirements; and compliance with the Payout Ratio established to protect the endowments. The proposed budget includes both permanent and term contract positions.

 

The 2022 Business Plan to advance climate solutions for the Greater Toronto and Hamilton Area (GTHA) will be presented to the Board at the first meeting of 2022 and will be crafted in keeping with the approved 2022 Operating Budget.

Background Information

(October 22, 2021) Report from the Director of Finance, Toronto Atmospheric Fund on Draft 2022 Consolidated Operating Budget
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172377.pdf
Attachment 1 - Draft 2022 Consolidated Operating Budget
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172378.pdf

Motions

Motion to Adopt Item moved by Kimberly Marshall (Carried)

TA14.3 - 2022 Annual Planning

Decision Type:
ACTION
Status:
Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

 

1.  Received the report (October 22, 2021) from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund for information.

Origin

(October 22, 2021) Report from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund

Summary

The 2021 Evaluation and Reporting, and 2022 Annual Planning cycle is kicking off and we welcome input from the Board.

Background Information

(October 22, 2021) Report from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund on 2022 Annual Planning
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172379.pdf

Motions

Motion to Adopt Item moved by Antoine Belaieff (Carried)

TA14.4 - Presentation - Zero-Emission Vehicle Infrastructure Program Update

Decision Type:
Presentation
Status:
Received

Board Decision

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

Decision Advice and Other Information

The Director, Strategy and Grans and the Manager, Electric Vehicle Charging Program, Toronto Atmospheric Fund gave a presentation on Zero-Emission Vehicle Infrastructure Program Update.

Summary

The Manager, Electric Vehicle Charging Program, Toronto Atmospheric Fund will give a presentation on Zero-Emission Vehicle Infrastructure Program Update. This presentation will provide an overview of the current status and future plans for the Zero-Emission Vehicle Infrastructure Program (ZEVIP) including program background, goals, offering for funding recipients, and implementation timeline. Staff can respond to questions and are seeking connections with organizations who might be interested securing funding for the installation of Electric Vehicle (EV) charging stations in public locations, multi-unit residential buildings and on-street locations.

Background Information

Presentation from the Director, Strategy and Grants, and the Manager, Electric Vehicle Charging Program, Toronto Atmospheric Fund on Zero Emission Vehicle Infrastructure Program
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172937.pdf

Motions

Motion to Receive Item moved by Parminder Sandhu (Carried)

That the item be received for information.

TA14.5 - Appointment to the Clean Air Investment Trust Ventures Inc.

Decision Type:
ACTION
Status:
Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:  

 

1.  Removed Jacoline Loewen from the Board of Directors of Clean Air Investment Trust Ventures Inc.

 

2.  Appointed Jean Olemou to the Board of Directors of Clean Air Investment Trust Ventures Inc.

Origin

(October 22, 2021) Report from the Chief Executive Officer, Toronto Atmospheric Fund

Summary

The Clean Air Investment Trust Ventures Inc. (CVI) is a wholly-owned subsidiary of TAF. Its Board of Directors is made up of at least three members of the TAF Board. Changes to the CVI Board membership are recommended given membership changes to the TAF Board.

Background Information

(October 22, 2021) Report from the Chief Executive Officer, Toronto Atmospheric Fund on Appointment to the Clean Air Investment Trust Ventures Inc.
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172407.pdf

Motions

Motion to Adopt Item moved by Graysanne Bedell (Carried)

TA14.6 - Minutes from the Investment Committee Meeting Held June 17, 2021

Decision Type:
Information
Status:
Received

Board Decision

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

Origin

(June 17, 2021) Report from the Investment Committee

Summary

Minutes from the Investment Committee meeting held on June 17, 2021.

Background Information

(June 17, 2021) Minutes from the Investment Committee Meeting Held on June 17, 2021
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172387.pdf

Motions

Motion to Receive Item moved by Kimberly Marshall (Carried)

That the item be received for information.

TA14.7 - Direct Investment Request - 2021 No. 3

Decision Type:
ACTION
Status:
Adopted

Confidential Attachment - Commercial and financial information, 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.

Board Decision

The Board of Directors of the Toronto Atmospheric Fund: 

 

1.  Approved investment of up to $250,000 subject to the terms and conditions outlined by the Investment Committee and as set out in Confidential Attachment 1 to the report (October 22, 2021) from the Vice President, Impact Investing, Toronto Atmospheric Fund.
 

2.  Directed the Vice President, Impact Investing to implement the investment to the satisfaction of Toronto Atmospheric Fund’s Solicitor.
 

3.  Directed that the confidential information contained in Confidential Attachment 1 to the report (October 22, 2021) from the Vice President, Impact Investing, Toronto Atmospheric Fund 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.

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, 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.

Origin

(October 22, 2021) Report from the Vice President, Impact Investing, Toronto Atmospheric Fund

Summary

Approval of a Direct Investment is recommended which demonstrates the potential for appropriate risk-adjusted return and strong alignment with TAF’s mandate. The proposed investment of up to $250,000 is in compliance with the maximum allocation for Private Equity set out in TAF’s investment policy.

Background Information

(October 22, 2021) Report from the Vice President, Impact Investing, Toronto Atmospheric Fund on Direct Investment Request - 2021 No. 3
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172388.pdf
Confidential Attachment 1 - Investment Request

Motions

Motion to Adopt Item moved by Kimberly Marshall (Carried)

TA14.8 - Direct Investment Request - 2021 No. 5

Decision Type:
ACTION
Status:
Adopted

Confidential Attachment - Commercial and financial information, 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.

Board Decision

The Board of Directors of the Toronto Atmospheric Fund: 

 

1.  Approved investment of up to USD $1,000,000 subject to the terms and conditions outlined by the Investment Committee and as set out in Confidential Attachment 1 to the report (October 22, 2021) from the Vice President, Impact Investing, Toronto Atmospheric Fund.
 

2.  Directed the Vice President, Impact Investing to implement the investment to the satisfaction of Toronto Atmospheric Fund’s Solicitor.
 

3.  Directed that the confidential information contained in Confidential Attachment 1 to the report (October 22, 2021) from the Vice President, Impact Investing, Toronto Atmospheric Fund 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.

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, 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.

Origin

(October 22, 2021) Report from Vice President, Impact Investing, Toronto Atmospheric Fund

Summary

Approval of a Direct Investment is recommended which demonstrates the potential for appropriate risk-adjusted return and strong alignment with TAF’s mandate. The proposed investment of up to USD $1,000,000 is in compliance with the maximum allocation for Private Equity set out in TAF’s investment policy.

Background Information

(October 22, 2021) Report from the Vice President, Impact Investing, Toronto Atmospheric Fund on Direct Investment Request - 2021 No. 5
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172389.pdf
Confidential Attachment 1 - Investment Request

Motions

Motion to Adopt Item moved by Kimberly Marshall (Carried)

TA14.9 - Rescission of Decision Respecting Item TA4.11 - Direct Investment

Decision Type:
ACTION
Status:
Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

 

1.  Rescinded the November 8, 2019 decision 3 on item TA4.11 respecting a Direct Investment of up to $2,000,000.

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, 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.

Origin

(October 22, 2021) Report from the Vice President, Impact Investing, Toronto Atmospheric Fund

Summary

Rescission of a previously approved Direct Investment of up to $2 million as the project, which experienced delays, now has a new investor.

Background Information

(October 22, 2021) Report from the Vice President, Impact Investing, Toronto Atmospheric Fund on Rescission of Decision Respecting Item TA4.11 - Direct Investment
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172390.pdf

Motions

Motion to Adopt Item moved by Kimberly Marshall (Carried)

TA14.10 - Rescission of Decision Respecting Item TA 5.9 - Direct Investment

Decision Type:
ACTION
Status:
Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

 

1.  Rescinded the February 14, 2020 decision on Item TA5.9 - Direct Investment Request respecting a Direct Investment of up to $1,500,000.

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, 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.

Origin

(October 22, 2021) Report from Vice President, Impact Investing, Toronto Atmospheric Fund

Summary

Rescission of a previously approved Direct Investment as the company was able to raise equity which further de-risked the opportunity and a major bank supplanted TAF’s position.

Background Information

(October 22, 2021) Report from the Vice President, Impact Investing, Toronto Atmospheric Fund on Rescission of Decision Respecting Item TA 5.9 - Direct Investment
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172391.pdf

Motions

Motion to Adopt Item moved by Kimberly Marshall (Carried)

TA14.11 - Minutes from the Grants and Programs Committee Meeting Held October 8, 2021

Decision Type:
Information
Status:
Received

Board Decision

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

Origin

(October 8, 2021) Report from the Grants and Programs Committee

Summary

Minutes from the Grants and Programs Committee meeting held on October 8, 2021.

Background Information

(October 8, 2021) Minutes from the Grants and Programs Committee Meeting Held on October 8, 2021
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172393.pdf

Motions

Motion to Receive Item moved by Antoine Belaieff (Carried)

That the item be received for information.

TA14.12 - Grants and Program Allocation Recommendations

Decision Type:
ACTION
Status:
Adopted

Confidential Attachment - 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.

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

 

1.  Approved the following grants to be funded jointly from the Canada, Ontario and Toronto endowments except where otherwise indicated:

 

a.  $250,000 over 24 months to Electric Mobility Canada to develop and promote best practice policies, programs, and infrastructure investments that will enable the transition to 100 percent zero emissions light duty vehicles sales in Canada by 2030 (funded from the Canada and Toronto endowments only).

 

b.  $150,000 over 18 months to Pembina Institute to develop a national zero emissions medium- and heavy-duty vehicle (MHDV) strategy, outlining priority actions and policy changes needed to achieve 100 percent zero emissions MHDV sales by 2040 (funded from the Canada and Toronto endowments only). Approval to be subject to the following conditions:

 

-  Submit for Toronto Atmospheric Fund staff approval an updated project plan and stakeholder consultation strategy which identifies how the project will mobilize all relevant stakeholders and leverage all opportunities, policy windows, and key messages to achieve the desired outcomes.

 

-  With the support of a Developmental Evaluation coach, prepare and implement a Developmental Evaluation plan to assess progress against objectives on an ongoing basis, and report against the plan in interim reports.

 
c.  $88,725 over 18 months to Toronto and Region Conservation Authority to assess the economic and environmental benefits of hybrid heating systems and heat pump technologies, and to raise awareness of those benefits through a communications strategy targeted at policy makers, homeowners, and industry stakeholders such as manufacturers, HVAC installers, and energy advisors (funded from the Canada, Ontario, and Toronto endowments). Approval to be subject to the following conditions:

 

-  The grantee will consult with Heating, Refrigeration, and Air Conditioning Institute of Canada, and engage them as a project partner to promote project findings and recommendations to their network and membership.

 

-  The grantee will allocate an additional $10,000 towards the communications activities, strategies, and material expenses to ensure that the project outputs and key messages are delivered to the target audience.
 

2.  Declined three grant requests with a total value of $359,000, summarized in Confidential Attachment 1 to the report (October 22, 2021) from the Director, Strategy and Grants, Toronto Atmospheric Fund.

 

3.  Approved the following program allocation:

 

a.  $949,500 over 12 months to support Toronto Atmospheric Fund’s functional and focus area teams in implementing their priority programs and strategies for 2022. (The allocation to Toronto Atmospheric Fund’s policy team ($8,000) from the Canada and Toronto endowments, and the balance ($941,500) funded proportionately from the Canada, Ontario, and Toronto endowments.)


4.  Directed that the confidential information contained in Confidential Attachment 1 to the report (October 22, 2021) from the Director, Strategy and Grants, Toronto Atmospheric Fund remain confidential in its entirety, as it contains 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.

Origin

(October 22, 2021) Report from the Director, Strategy and Grants, Toronto Atmospheric Fund

Summary

At its October 8, 2021 meeting, the TAF Grants and Programs Committee recommended that the Board approve three grants with a combined value of $488,725 and one internal program allocation with a total value of $949,500. This report provides recommendations and minutes from the Committee meeting.

Background Information

(October 22, 2021) Report from the Director, Strategy and Grants, Toronto Atmospheric Fund on Grants and Program Allocation Recommendations
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172394.pdf
Confidential Attachment 1 - Summary of Declined Grant Requests

Motions

Motion to Adopt Item moved by Antoine Belaieff (Carried)

TA14.13 - Establishing a Human Resources Committee and Its Priorities

Decision Type:
ACTION
Status:
Amended

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

 

1.  Dissolved the Executive Compensation and Performance Review Committee.

 

2.  Established a Human Resources Committee with Terms of Reference, as set out in Attachment 1 to the report (October 22, 2021) from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund.

 

3.  Appointed Andrew Dooner as Chair of the Human Resources Committee, and appointed Parminder Sandhu and Councillor Shelley Carroll as members of the Human Resources Committee.

 

4.  Appointed Stuart Galloway as Chair of the Audit Committee.

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 personal matters about an identifiable individual, including municipal or local board employees.

Origin

(October 22, 2021) Report from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund

Summary

This report provides an update on human resource-related activities and recommends changes to the name and scope of the Executive Compensation and Performance Review Committee to serve the wider mission-critical HR needs of the organization.

 

The Committee has identified two priorities for 2022: succession planning and recruitment as TAF’s VP Impact Investing is retiring in June and guidance on responding to the compensation study currently being undertaken.

Background Information

(October 22, 2021) Report from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund on Establishing a Human Resources Committee and Its Priorities
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172404.pdf
Attachment 1 - Proposed Updates to Terms of Reference for the Human Resources Committee
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172406.pdf

Motions

1 - Motion to Amend Item moved by Andrew Dooner (Carried)

That the Board of Directors of Toronto Atmospheric Fund:

 

1.  Dissolve the Executive Compensation and Performance Review Committee.

 

2.  Establish a Human Resources Committee with Terms of Reference, as set out in Attachment 1.

 

3.  Appoint Andrew Dooner as the Chair of the Human Resources Committee, and appoint Parminder Sandhu and Councillor Shelley Carroll as members of the Human Resources Committee.


2 - Motion to Amend Item moved by Kimberly Marshall (Carried)

That the Board of Directors of the Toronto Atmospheric Fund:

 

1.  Appoint Stuart Galloway as Chair of the Audit Committee.

TA14.14 - Minutes from the Executive Compensation and Performance Review Committee Meeting Held August 18, 2021

Decision Type:
Information
Status:
Received

Board Decision

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

Origin

(August 18, 2021) Report from the Executive Compensation and Performance Review Committee

Summary

Minutes of the Executive Compensation and Performance Review Committee meeting held on August 18, 2021.

Background Information

(August 18, 2021) Minutes of the Executive Compensation and Performance Review Committee Meeting Held August 18, 2021
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172405.pdf

Motions

Motion to Receive Item moved by Kimberly Marshall (Carried)

That the item be received for information.

TA14.15 - Unaudited Financial Reports for Year-to-Date the Second Quarter and the Third Quarter of 2021

Decision Type:
Information
Status:
Received

Board Decision

The Board of Directors of the Toronto Atmospheric Fund received the item for information.

Origin

(November 3, 2021) Report from the Director of Finance, Toronto Atmospheric Fund

Summary

The unaudited financial results for six months ended June 30, 2021 (Q2) and nine months ended September 30, 2021 (Q3) are provided in Attachments 1 and 2.

Background Information

(November 3, 2021) Report from the Director of Finance, Toronto Atmospheric Fund on Unaudited Financial Reports for Year-to-Date the Second Quarter and the Third Quarter of 2021
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172752.pdf
Attachment 1 - Quarterly Financial Statement of Revenues and Expenditures (Unaudited) for Six Months Ending June 30, 2021
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172753.pdf
Attachment 2 - Quarterly Financial Statement of Revenues and Expenditures (Unaudited) for Nine Months Ending September 30, 2021
https://www.toronto.ca/legdocs/mmis/2021/ta/bgrd/backgroundfile-172754.pdf

Motions

1 - Motion to Add New Business at Committee moved by Parminder Sandhu (Carried)

2 - Motion to Receive Item moved by Kimberly Marshall (Carried)

That the item be received for information.

Procedural Motions

Motion to Adopt Minutes moved by Wayne Miranda (Carried)

That the minutes of the Board of Directors of the Toronto Atmospheric Fund meeting held on July 9, 2021 be confirmed.


Motion to Meet in Closed Session moved by Graysanne Bedell (Carried)

10:36 a.m. - That the Board of Directors of the Toronto Atmospheric Fund recess its public meeting to meet in closed session to consider the following items:

 

TA14.7 - Direct Investment Request - 2021 No. 3,
 
TA14.8 - Direct Investment Request - 2021 No. 5,

 

TA14.9 - Rescission of Decision Respecting Item TA4.11 - Direct Investment, and

 

TA14.10 - Rescission of Decision Respecting Item TA 5.9 - Direct Investment
 
as they pertain to commercial and financial information, 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.

 

TA14.13 - Establishing a Human Resources Committee and Its Priorities

 

as it pertains to personal matters about an identifiable individual, including municipal or local board employees.


Announcements

The Chair acknowledged that the Board of Directors of the Toronto Atmospheric Fund was meeting on the traditional territory of many nations including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples and is now home to many diverse First Nations, Inuit and Métis peoples. The Chair also acknowledged that Toronto is covered by Treaty 13 with the Mississaugas of the Credit.

 

The Chair acknowledged and thanked outgoing Board member Councillor Brad Bradford for his support and contributions to the Board, and welcomed new Board members Stuart Galloway and Jean Olemou.  

 

The Directors of the Board of Directors of the Toronto Atmospheric Fund listed in the attendance for this meeting participated remotely and were counted for the purposes of quorum, as permitted by the Municipal Emergency Act, 2020 and the Board of Directors of the Toronto Atmospheric Fund By-law No. 1.

 

Also Present - Non-Members:

 

Julia Langer, Chief Executive Officer, Toronto Atmospheric Fund

Bryan Purcell, VP, Policy and Programs, Toronto Atmospheric Fund

Fatimar Crerar, VP, Strategy and Partnerships, Toronto Atmospheric Fund

Tim Stoate, VP, Impact Investing, Toronto Atmospheric Fund

Ian Klesmer, Director, Strategy and Grants, Toronto Atmospheric Fund

Rob Wotten, Director, Finance, Toronto Atmospheric Fund

Nicole Leite, Director, Impact Investing, Toronto Atmospheric Fund

Jaime Klein, People and Operations Manager, Toronto Atmospheric Fund

Simone Hacikyan, Electrical Vehicle Charing Program Manager, Toronto Atmospheric Fund

Cliff Goldfarb, Lawyer, Gardiner Roberts LLP

Heather Keachie, Lawyer, Gardiner Roberts LLP

Scott Pasternack, Solicitor, Legal Services, City of Toronto

Friday, November 5, 2021

Meeting Sessions

Session Date Session Type Start Time End Time Public or Closed Session
2021-11-05 Morning 9:08 AM 10:36 AM Public
2021-11-05 Morning 10:45 AM 11:41 AM Closed
2021-11-05 Morning 11:42 AM 11:52 AM Public

Attendance

Members were present for some or all of the time period indicated.
Date and Time Quorum Members
2021-11-05
9:08 AM - 10:36 AM
(Public Session)
Present Present: Graysanne Bedell, Antoine Belaieff, Shelley Carroll, Andrew Dooner, Stuart Galloway, Mike Layton, Kimberly Marshall, Wayne Miranda, Jean Olemou, Parminder Sandhu (Chair)
2021-11-05
10:45 AM - 11:41 AM
(Closed Session)
Present Present: Graysanne Bedell, Antoine Belaieff, Shelley Carroll, Andrew Dooner, Stuart Galloway, Mike Layton, Kimberly Marshall, Wayne Miranda, Jean Olemou, Parminder Sandhu (Chair)
2021-11-05
11:42 AM - 11:52 AM
(Public Session)
Present Present: Graysanne Bedell, Antoine Belaieff, Shelley Carroll, Andrew Dooner, Stuart Galloway, Mike Layton, Kimberly Marshall, Wayne Miranda, Jean Olemou, Parminder Sandhu (Chair)
Source: Toronto City Clerk at www.toronto.ca/council