Indicted Memphis City Councilman Rickey Peete will resign Friday, council chairman Tom Marshall announced today at City Hall. In a letter to Marshall, Peete wrote: "Effective June 1, 2007, I will resign my seat on the Memphis City Council. I want to thank the citizens of District 8 for giving me the opportunity to represent them. God bless the city of Memphis." Peete’s move came during the final day of the council’s budget hearings, after he and Councilman Edmund Ford had staved off two previous attempts by fellow council members seeking their resignations. Ford remains in office. The pair have...