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South Bend,the City may invest public funds in various investment vehicles,in accordance <br /> with Title 5, Article 13, of the Indiana Code, as amended from time to time. The City's <br /> investment portfolio may contain any investment vehicle generally provided for under <br /> Indiana Code § 5-13-9. In addition, the City Controller is granted the following specific <br /> authorizations: <br /> 1. Pursuant to Indiana Code § 5-13-9-5.7, the City Controller is authorized to <br /> make investments having a stated final maturity that is more than two (2) <br /> years but not more than five(5)years after the date of purchase or entry into <br /> a repurchase agreement, provided that such investments may comprise no <br /> more than twenty-five percent (25%) of the total portfolio of public funds <br /> invested by the City, including balances in transaction accounts. <br /> 2. Pursuant to Indiana Code § 5-13-9-5, the City Controller is authorized to <br /> invest in certificates of deposit of certain depositories, as defined by and <br /> subject to the requirements of Indiana Code§ 5-13-9-5,which authorization <br /> will expire on January 27, 2026. <br /> 3. Pursuant to Indiana Code § 5-13-9-5.3, the City Controller is authorized to <br /> invest in interest bearing deposit accounts that satisfy the conditions stated <br /> in Indiana Code § 5-13-9-5.3(b). <br /> SECTION II. That portion of the City's investment policy contained in Subparts (1) and <br /> (3) of Section I of this ordinance shall be effective from January 1, 2025 through December 31, <br /> 2028, unless earlier amended by ordinance. The City's investment policy as contained in Section <br /> I, Subpart(2) of this ordinance affecting certificates of deposit shall be effective for a period of <br /> one year from its adoption by this Council expiring January 27, 2026, unless earlier amended by <br /> ordinance or resolution. This ordinance is further conditioned upon adoption by the Common <br /> Council and approval by the Mayor. <br /> Canneth Lee, Council President <br /> South Bend Common Council <br /> Attest: <br /> Bianca Tirado, City Clerk <br /> Office of the City Clerk <br /> Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the <br /> City of South Bend, Indiana on the day of , 2025, at <br /> o'clock . m. <br /> Bianca Tirado, City Clerk <br /> Office of the City Clerk <br /> 2 <br />