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Council authorizes Chapter 100 bonds for WG Transformers expansion; company anticipates May site work
Summary
Washington's council unanimously approved an ordinance authorizing taxable industrial revenue bonds to support a WG Transformers USA LLC expansion, enabling a Chapter 100 abatement package; the company representative said site grading could begin in May, though equipment lead times may delay operations.
The Washington City Council on April 20 unanimously approved an ordinance authorizing the issuance of taxable industrial revenue bonds for WG Transformers USA LLC, a Chapter 100-style transaction that will facilitate a package of property-tax abatements tied to an expansion project.
Associate attorney Nick Weaver of Gilmore & Bell told the council the Chapter 100 structure is…
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