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995 Legal: A motion was made by Councilman Langley with a second by Councilman Cook to approve Ordinance#1, 2011 an amendment to the salary ordinance dated 12-17-2010 to change Public Employee's Retirement Fund payment from 11.5%to 12.75%. Motion carried 4-0. . A motion was made by Councilman Mathis with a second by Councilman Langley to approve Ordinance 2, 2011, a flood hazard update of national flood insurance program requirements from FEMA making the Town in compliance with Federal DNR requirements. Motion carried 4-0. A motion was made by Councilman Cook with a second by Councilman Langley to approve a Public Meeting policy. Motion carried 4-0. The No Parking Ordinance for Carter Street north of Morgan Street will be heard at the next meeting. A motion was made by Councilman Mathis with a second by Councilman Cook to approve payment of the claims. Motion carried 4-0. There being no further business to come before the council at this time a motion was made by Councilman Mathis with a second by Councilman Langley to adjourn the meeting. Motion carried 4-0. The next regular scheduled meeting of the Mooresville Town Council will be on Tuesday, June 7, 2011 at 6:30 P. M. at the Mooresville Government Center. This meeting will be a Public Hearing for Capital Adhesive's Confirmatory Resolution for tax abatement. { eorge ins, Council President ATTEST: — 2 Sandra R. Perry, Clerk-Treasurer June 7, 2011 The Mooresville Town Council met in regular session on Tuesday, June 7, 2011, at 6:30 P. M. at the Mooresville Government Center. Council members present were: President George Watkins, Jeff Cook, John L. Clark, and Mark Mathis. Vice-President Tony Langley was absent. Town attorney Tim Currens was present. Clerk-Treasurer Sandra Perry was absent and Erma Holmes took the minutes. Guy LanCour, First Baptist Church, gave the invocation. A motion was made by Councilman Clark with a second by Councilman Cook to approve the minutes of May 17, 2011. Motion carried 4-0. Joy Sessing, Morgan County Economic Director, presented information for Capital Adhesive's confirmatory resolution for tax abatement. The investment in improvement is estimated at$400,000 with at least five new employees to be hired at a payroll increase of at least$208,000. One of the owners, Roger Wathen, spoke to the council about their business. There were no questions from the council. Julie Lakes, Mooresville, expressed her concern about tax abatement in general. She feels that more follow up should be done,that fulfillment of promises and compliance to the agreements. Jeff Scalf, living outside the Mooresville town limits, spoke to say that the wording in the agreement should say full compliance,not substantial compliance. Council President Watkins answered both Julie Lakes and Jeff Scalf that CF-1 compliance forms are reviewed each year by the Council. He also said that the word substantial compliance is a state statute and can not be changed to say full compliance. With no other questions or comments a motion was made by Councilman Mathis with a second by Councilman Clark to approve Confirmatory Resolution# 12 for Capital Adhesives, (Angermier&Wathen). Motion carried 4-0.