Hyundai Translead, a subsidiary of the Hyundai Motor Co. which produces trailers, flatbeds and other products for the trucking industry, is seeking city approval for a property tax abatement. The company announced plans in March to move production to former Lion Electric and Caterpillar plants in the Joliet area. All but 20 of the 2,475 people to work at the two plants will be locally-hired, according to CEO Sean Kenney. The council is set to vote on the 50% property tax rebate, which is estimated to be worth $66,000 a year and is tied to a three-year hiring plan at the plant. The employment plan includes hiring 113 workers in the first year, 1,000 workers in each year, and 177 workers in year three.