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<br />be made after the Director of Finance has provided <br />written notice by first-class mail to the Eligible <br />Depositories having an office in the City, and such <br />other Eligible Depositories as determined by the <br />Director of Finance, at least sixty days prior to <br />the date of the action of the Director of Finance <br />designating depositories for the City's Active <br />Deposits. Such notice shall: (i) provide an <br />estimate of the maximum amount of such Active <br />Deposits at any time during the period of <br />designation and the proposed period of designation <br />or alternative proposed periods of designation; (ii) <br />request such depositories to apply in writing for <br />all or part of the City's Active Deposits on or <br />before a date and time specified in the notice; <br />(iii) request such depositories to state in their <br />application the amount of such Active Deposits that <br />will be accepted by it, the rate or rates of inter- <br />est, if any, that will be paid on such Active De-- <br />posits, the service charges, if any, that will be <br />made for its services, other terms or conditions <br />with respect to the depository's acceptance of all <br />or part of the City's Active DepositB and the loca- <br />tion of its offices in the City or, if none are <br />located in the City, the location of its nearest <br />offices; and (iv) include or request any other <br />information to or from such depositories which the <br />Director of Finance deems relevant. <br /> <br />(d) The Director of Finance shall enter into a <br />contract, approved as to form and content by the <br />Director of Law, with such depositories for the <br />appropriate period determined pursuant to division <br />(c) of this section. Such contract shall establish <br />the rate or rates of interest, if any, to be paid by <br />the depository on the City's Active Deposits, the <br />service charges, if any, the depository may make for <br />its services, and other terms or conditions of the <br />depository's acceptance of the City's Active Depos- <br />its. <br /> <br />(e) The limitations on the aggregate amounts <br />of Public Moneys that may be on deposit with Elig- <br />ible Depositories as set forth in the Uniform <br />Depository Act shall apply under this Chapter 129 of <br />the Codified Ordinances. <br /> <br />SECTION 129.11. INVESTMENTS. <br /> <br />(a) All Public Moneys of the City not de- <br />posited in Active Deposits' or kept by the Director <br />of Finance as a cash reserve as may be prescribed by <br />the Director of Finance shall he invested by the <br />Director of Finance or his designee pursuant to this <br />section. <br /> <br />(b) The Director of Finance or his designee <br />may invest in any of the following classifications <br /> <br />-5- <br />