West Point approves Hyundai MOU
Published 10:00 am Tuesday, May 11, 2021
During the Thursday meeting of the West Point City Council, Councilman Joseph Downs made a motion to enter into a business meeting to vote on the Hyundai TRANSYS Seating Systems Memorandum of Understanding (MOU).
With this being the only item on the agenda for the May 10 meeting, the council voted to enter into the business meeting early and vote on the MOU.
The 2021 series bond included in the MOU between the West Point Development Authority and Hyundai TRANSYS Systems is not to exceed $9.5 million dollars and the project will create 129 new jobs in West Point.
The motion was unanimously approved, with DeeDee Williams abstaining due to her affiliation with Hyundai TRANSYS.