City Council votes in favor of granting 2-year tax exemption to Avago Technologies
EUGENE, Ore. – Eugene City Councilors voted in favor of granting a two-year tax exemption to Avago Technologies Monday night.
City councilors voted 5 to 3 on the extension.
Those opposed argued that Avago already received an incredible deal on the old Hynix facility.
Councilors say the $3 million tax exemption will be small for Avago, but huge for the city of Eugene. They think Avago will be a good addition to the community and will reliably pay its taxes.
"Along with the two year extension were a series of additional conditions that we were placing on them which included guaranteed employment, guaranteed wages, and also contributions to the school district and to employment and training programs which we would not otherwise have gotten," said Chris Pryor, Eugene city councilor.
In June, the Lane County Board of Commissioners approved an extension of the West Eugene Enterprise Zone. Coupled with the two-year tax exemption, Avago Technologies will have a total of five years of tax exemptions.