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/ , 2oo / <br />AN ORDINANCE ESTABLISHING AN ECONOMIC DEVELOPMENT <br /> USE ACCOUNT <br /> <br /> WHEREAS, the Town Council for the Town of Mooresville has <br />the authority to create Ordinances and establish accounts for the <br />respective funds for the Town of Mooresville; <br /> <br /> WHEREAS, the Town has entered into or intends to enter into <br />a Contract with the Chamber of Commerce to provide services for <br />the Mooresville Chamber of Commerce in exchange for certain <br />monies to be paid to the Town by the Chamber of Commerce; <br /> <br /> NOW, THEREFORE, BE IT HEREBY ORDAINED that the <br />Clerk/Treasurer for the Town of Mooresville shall establish an <br />Economic Development Use Account for purposes of depositing <br />monies paid by the Chamber of Commerce pursuant to the <br />aforementioned Contract and that said monies shall be used for <br />any purposes necessary and pertaining to the Economic Development <br />Department as deemed necessary by the Town of Mooresville' <br />Economic Development Director and approved by the Mooresville <br />Town Council. This fund shall be established by the <br />Clerk/Treasurer and monies paid by the Chamber of Commerce shall <br /> <br />be deposited in said fund and used for the above purposes. <br /> This Ordinance approved this ~ day of~r, 200~_.~ <br /> <br /> <br />