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County-City Building ••.., Phone 311 inside City limits <br /> 227 W Jefferson Blvd Suite,1200 N SQUTH B ;'•. Email 311@southbendin.gov <br /> South Bend,IN 46601 Q4 ��'�.ti Website Southbendin.gov <br /> James Mueller,Mayor �� 1 � ' <br /> \PEACI�t� <br /> " + 1865 ;k Filed in Clerk's Office <br /> City of South Bend 'AN <br /> Bianca Tirado <br /> Department of Administration 8r Finance City Clerk, South Bend, IN <br /> Division of Human Resources <br /> January 7,2025 <br /> Canneth Lee, President <br /> City of South Bend Common Council <br /> 227 W.Jefferson Boulevard,4th Floor <br /> South Bend, Indiana 46601 <br /> RE:2025 CoSB Investment Policy <br /> Dear President Lee, <br /> This ordinance establishes an investment policy for the City of South Bend for calendar year 2025. <br /> This investment policy will be established for up to 4 years unless it is amended by ordinance.This <br /> ordinance also provides that the types of investments that need to be renewed more frequently will <br /> be renewed by Resolution,as is authorized by Indiana law.That would begin in 2026.This <br /> ordinance also allows for the City's investment portfolio to be invested in maturities with more than <br /> two years but no more than five years after purchase. <br /> I will present this bill to the Common Council at the appropriate committee and Council meetings. <br /> It is requested that this bill be filed for 1st reading on January 13,2025,with 2nd reading,public <br /> hearing and 3rd reading scheduled for January 27,2025. <br /> Thank you for your attention to this request. If you should have any questions,please feel to contact <br /> me at 574-235-9822. <br /> Regards, <br /> 14 n <br /> iilet <br /> Kyle Willis <br /> City Controller <br />