Hwashin America Corporation and Hysco America Company each received a new 10-year tax abatement at Monday’s Greenville City Council meeting.

According to City Attorney P. Richard Hartley, the requests are standard practice and inform the council everything was fair in the requests.

Both companies received abatements when they first announced they would locate in Greenville.

However, as construction has neared completion, additional investments meant new abatements were needed.

Hartley told the council the new requests were made after it was determined that Hwashin will make an additional $10 million capital investment at its plant, while Hysco will make an additional $7 million capital investment at its location.

&uot;This is for the equipment put in the local plants by Hyundai,&uot; Hartley said.

&uot;We’re asking for each to have a new abatement for 10 years.&uot;

He told the council that the old abatements were not useful with this request because of the additional funding.

&uot;Every abatement has to be for a certain amout,&uot; he said.

&uot;For the amount to change after construction is something routine.&uot;

This means that for the next 10 years the companies are exempt from paying non-educational property taxes.

The council approved the abatements.

There was also a discussion Monday night of the annexation of Gobbler Hollow at the The Preserve at White Oak.

Hartley told the Council that additional owners had been found on the property and that everything had been settled in that regards.

However, it was reported to the Council that the curbing and streets in the area are not up to city specifications.

&uot;What it comes down to is that they used a different type of curbing out there,&uot; Mayor Dexter McLendon said.

The mayor said he wants the annexation so that it will be an additional source of revenue for the city when a subdivision is put in place.

&uot;We’re hoping that this will lead to a new subdivision,&uot; he said.

&uot;A high-price subdivision.&uot;

The mayor said the road on the land is not the same as the city’s and that eventually the city would have to pave it.

He informed the Council that the rules would have to be suspended in order to vote on the proposed ordinance but if one member voted no, the proposal would come up at the next meeting.

Councilman Tommy Ryan cast the lone dissenting vote suspending the rules and explained that he wanted more time to study the matter and visit the proposed annexation area.

The next meeting of the Council will be at 5:30 p.m. on Monday, May 23.