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<br />M Martinsville <br /> <br />Meeting Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />Summary: <br /> <br />City Council <br />Agenda Summary <br /> <br />March 27,2007 <br />8. <br /> <br />Finance <br /> <br />Consider authorizing the Mayor to execute a Resignation, <br />Appointment and Acceptance Agreement under Indenture of <br />Trust dated June 15, 1999 between the City and SunTrust <br />Bank. <br /> <br />As explained in the attached cover letter from SunTrust Bank, the corporate trust <br />business of SunTrust has been sold to U.S. Bank National Association. This <br />agreement allows for the resignation of SunTrust and the appointment and <br />acceptance of U.S. Bank on the City's Trust Indenture. <br /> <br />Attachments: <br /> <br />Sun Trust Bank letter <br />Resignation, Appointment and Acceptance Agreement <br /> <br />Recommendations: Motion to approve <br />