02-27-1997 Regular MeetingFebruary 27, 1997
The Downtown Smyrna Development Authority met February 27, 1997 at Smyrna City Hall. The
meeting was called to order at 6:30 p.m. by presiding officer Chairman Max Bacon. Those
members in attendance were:
C. J. Fouts
Steve Shupert
Doug Stoner
Hubert Black
Jimmy Wilson
Also present was City Attorney Chuck Camp, City Clerk Melinda Dameron and Gordon Mortin
with Knox -Wall and Company.
Chuck Camp stated the Downtown Development Authority controls funds and has a trustee bank
to manage those funds. Staff has recommended changing the trustee bank to a local bank since
Nations Bank has been sold to the Bank of New York. The recommendation is that Reliance
Trust be designated as the trustee for this account since their are experienced in corporate trust
work.
Steve Shupert made a motion the account be transferred from Bank of New York to Reliance
Trust, and the Chairman be authorized to sign documents necessary. Jimmy Wilson seconded the
motion which carried 5-0.
With no further business, meeting adjourned at 6:45 p.m.