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<br />ORDINANCE L, 200~ <br /> <br />AN ORDINANCE ESTABLISHING AN ECONOMIC DEVELOPMENT <br />USE ACCOUNT <br /> <br />WHEREAS, the Town Council for the Town of Mooresville has <br /> <br />the authority to create Ordinances and establish accounts for the <br /> <br />respective funds for the Town of Mooresville; <br /> <br />WHEREAS, the Town has entered into or intends to enter into <br /> <br />a Contract with the Chamber of Commerce to provide services for <br /> <br />the Mooresville Chamber of Commerce in exchange for certain <br /> <br />monies to be paid to the Town by the Chamber of Commerce; <br /> <br />NOW, THEREFORE, BE IT HEREBY ORDAINED that the <br /> <br />Clerk/Treasurer for the Town of Mooresville shall establish an <br /> <br />Economic Development Use Account for purposes of depositing <br /> <br />monies paid by the Chamber of Commerce pursuant to the <br /> <br />aforementioned Contract and that said monies shall be used for <br /> <br />any purposes necessary and pertaining to the Economic Development <br /> <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 /> <br />Clerk/Treasurer and monies paid by the Chamber of Commerce shall <br /> <br />be deposited in said fund and used for the above <br /> <br />This Ordinance approved this <br /> <br />J>' <br /> <br />day of <br /> <br />purposes. <br />~rt~, 20012-- <br />