The Mayor may remove a financial institution from the qualified bidders list if the financial institution fails to provide required reports, records and information, or otherwise fails to meet the qualifications for inclusion on such list; if the institution breaches or defaults on any obligation owed to the Borough; or if the Mayor determines that the objectives of the Borough investment program will not be met by investments placed with or through such financial institution. (Ord. 87-069 § 4, 1988. 2004 Code § 3.04.100.)