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At such time as the Trustee receives a City Certificate confirming the condition for <br />release is met, any amounts deposited in the Developer Property Tax Reserve Fund shall be <br />irrevocably and unconditionally released to the Developer, or to the Developer's successors and <br />assigns or designees as identified in a written notice from the Developer to the Trustee and the <br />City. The City and the Trustee shall solely and conclusively rely as to payment of amounts <br />released from the Developer Property Tax Reserve Fund on any such written notice from the <br />Developer as to their successors and assigns or designees. The City shall provide written notice <br />of the release to the Trustee and Developer, or to the Developer's successors and assigns. The <br />Developer Property Tax Reserve Fund shall not be a part of the Trust Estate and shall not be <br />security for the Bonds. <br />Section 6.11. Investment of Funds. <br />(a) Money in any Fund or Account, other than the Reserve Account, shall be invested <br />by the Trustee as directed by the City pursuant to a City Certificate filed with the Trustee in <br />Investment Securities; provided that all such deposits and investments shall be made in such <br />manner that the money required to be expended from any Fund or Account will be available at <br />the proper time or times. Money in the Reserve Account shall be invested in such Investment <br />Securities as directed by the City pursuant to a City Certificate filed with the Trustee, provided <br />that the final maturity of any individual Investment Security shall not exceed 270 days and the <br />average weighted maturity of any investment pool or no-load money market mutual fund shall <br />not exceed 90 days. Each such City Certificate shall be a certification that the investment <br />directed therein constitutes an Investment Security and that such investments meet the maturity <br />and average weighted maturity requirements set forth in the preceding sentence. Such <br />investments shall be valued each year in terms of the Value of Investment Securities as of <br />September 30. For purposes of maximizing investment returns, to the extent permitted by law, <br />money in the Funds and Accounts may be invested in common investments of the kind described <br />above, or in a common pool of such investment which shall be kept and held at an official <br />depository bank, which shall not be deemed to be or constitute a commingling of such money or <br />funds provided that safekeeping receipts or certificates of participation clearly evidencing the <br />investment or investment pool in which such money is invested and the share thereof purchased <br />with such money or owned by such Fund or Account are held by or on behalf of each such Fund <br />or Account. If necessary, such investments shall be promptly sold, in order to make the <br />disbursements required or permitted by this Indenture, to prevent any default under this <br />Indenture. To ensure that cash on hand is invested, if the City does not give the Trustee written <br />or timely instructions with respect to investments of funds, the Trustee shall invest and re -invest <br />cash balances in authorized and permitted investments under the Public Funds Investment Act, <br />Texas Government Code, Chapter 2256, as amended, or any successor law, as in effect from <br />time to time which initially shall be money market mutual funds that are rated in either of the <br />two highest categories by a rating agency, including funds for which the Trustee and/or its <br />affiliates provide investment advisory or other management services, until directed otherwise by <br />the City Certificate. <br />(b) Obligations purchased as an investment of moneys in any Fund or Account shall <br />be deemed to be part of such Fund or Account, subject, however, to the requirements of this <br />Indenture for transfer of interest earnings and profits resulting from investment of amounts in <br />45 <br />