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Auburn council approves tax abatement for Shinhwa AutoUSA expansion
Summary
Council approved a tax abatement to support Shinhwa AutoUSA’s facility expansion and equipment acquisition; council recorded the motion and approved the measure during the meeting.
The Auburn City Council voted on March 23 to authorize a tax abatement for Shinhwa AutoUSA to support an expansion that includes a new building and the acquisition of new machinery and equipment.Council moved and seconded the resolution during the meeting; the clerk recorded the motion and the council approved the abatement by voice/roll call.
City representatives congratulated staff and company representatives for completing the agreement; the meeting transcript records the motion’s passage though the detailed vote tally was not transcribed.
What’s next: implementation and any required administrative follow-up for the abatement will proceed through the city’s economic development and finance offices.
