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Mooresville adopts stormwater ordinance to align with House Bill 488, shifts funding timeline
Summary
The Mooresville Board of Commissioners adopted an amendment to Chapter 25 of the town code to align with North Carolina House Bill 488, replacing 'escrow' language with 'segregated funds account' and changing the timing for the 5% initial deposit to prior to construction completion; the accounts will be held by property owners/HOAs and require town consent before expenditures.
The Mooresville Board of Commissioners on Oct. 20 adopted an amendment to Chapter 25 of the town code of ordinances to align local stormwater provisions with North Carolina House Bill 488.
Marissa Houston, deputy water resources director, told the board the update replaces the ordinance term 'escrow account' with 'segregated funds account' and changes when the initial funding is required. "To align with this House Bill, 5% has to be deposited prior to completion or construction of these stormwater control…
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