Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Hyster Yale to occupy Avon warehouse; council approves tax abatement package
Summary
Council approved resolutions to grant tax abatement amendments for Hyster Yale’s planned consolidation into a large Avon facility, a move town staff said will bring about 350 associates and large‑scale operations; staff said the bondholder provided written consent to the amended schedule.
Avon — The Avon Town Council on Jan. 8 approved two related resolutions to authorize tax‑abatement incentives for Hyster Yale, a global material‑handling company that plans to consolidate multiple parts and packaging operations into a large vacant warehouse in Avon.
KSM location advisor Alexis Souder introduced the proposal and described Avon's vacancy as a key attraction; Tom (Hyster Yale’s director of parts operations) outlined plans to consolidate operations from Danville, Peoria and Buchanan into a single facility and said the operation would eventually host about 350 associates and include an on‑site auditorium and equipment showcase. Souder and town economic staff said they had received bondholder consent for the proposed amended abatement schedule.
Why it matters: The company’s move is intended to repurpose a large vacant industrial building, bring local jobs and create a regional distribution and training hub for parts operations. The council’s action clears the way for a confirming hearing in February.
What the council did: The council approved Resolution 2026‑01 and Resolution 2026‑02 (real property and personal property abatement language and amended schedules) with the condition noted in the motion that staff would provide written bondholder consent. Economic development staff said that consent had been obtained and documented.
Details and context: Hyster Yale told the council it began phased occupancy by moving lower‑volume parts and support staff into the site and plans full consolidation of operations during 2026, with Q2–Q3 hiring for warehouse associates and Q3–Q4 completion of office fit‑out and auditorium space. Town staff and the developer presented an amended schedule for a traditional 10‑year abatement on new investment and an amended schedule on previously made investments.
Next steps: The council approved the resolutions and will hold a confirming hearing in February; staff will finalize documents related to the abatement schedules and record bondholder consent in town files.
Outcome: Resolutions passed by roll call and the abatement package will proceed to the confirming hearing.
