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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 /> • <br /> Ci-A-,-.-4-. ....--- 9 —1"--------- <br /> Canneth Lee, Council President <br /> South Bend Common Council <br /> Attest: <br /> Bian a Tirado, Cit lerk <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 28th day of January , 2025, at 12 <br /> o'clock p.m. <br /> Bianc Tirado, Cit Cl k <br /> Office of the City <br /> ll f.k <br /> Approved and signed by me on the day of 1 i if , 2025, at 3 o'clockr m <br /> jf/V- --.. --- <br /> Jam Mueller, Mayor <br /> Ci of South Bend, Indiana <br /> 2 <br />