Amends the Elon town charter, SL 1985-109, by adding new Article VI allowing the board of aldermen to provide by ordinance: (1) each hour a vehicle is illegally parked in an on-street parking space is a separate offense; (2) that any vehicle that has been towed for a parking violation is to be held until the towing fee and penalties related to all outstanding parking tickets and parking penalties owed to the Town are paid in full, or a bond is posted in the amount of the towing fee and all outstanding parking tickets and parking penalties; (3) for the use of wheel locks on and towing of a vehicle parked in a public vehicular area for which there is one or more outstanding, unpaid, and overdue parking tickets for a period of 45 days (sets out notice requirements as well as allowable fees).