(a) The designation and selection of eligible institutions to receive investments shall be in accordance with Ohio R.C. Chapter 135.
(b) A minimum of three price and rate quotations for all investments shall be obtained from eligible institutions prior to the purchase or sale of any investments. Investments shall be purchased on the basis of obtaining the highest rate of return consistent with the City's investment objectives. In the case of the sale or purchase of investments where all other factors are equal, placement shall be made with an eligible institution situated within the City. The right is reserved to reject any or all bids or proposals if such are inconsistent with the City's investment objectives.
(Ord. 45-2014. Passed 3-10-13.)