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3 <br /> ➢ Employees: 185 Full Time and approximately 413 Part Time (-350 Full Time <br /> Equivalent) 70% @ $12 - $20 per hour <br /> ➢ Salaried Employees: 30 - 35 Full Time @ $60,000 - $80,000 <br /> (some positions at $80,000 - $250,000) <br /> • Addition of up to $t5 million (County and Town combined) in new retail sales tax <br /> collections per year, based on the Company's projected sales revenues (by the end of <br /> year#5). <br /> • A real property valuation of $18,144,000 from the Company's planned $30 million capital <br /> expenditure improvements to be made at the site. <br /> • Environmental clean-up associated with the site's redevelopment. <br /> • Re-development of the 14-acre commercial site currently occupied by the Performance <br /> Automall car dealership along U.S. 501. (Performance Automall has announced it will <br /> fully close its Chapel Hill location and relocate its business and all employees to Durham <br /> County by the late summer of 2017). <br /> • A major retail shopping destination and tourism booster along an important gateway entry <br /> into Chapel Hill, which will have a broad regional market draw of customers, and be <br /> located close to a potential light rail stop. <br /> • Appeal of Wegmans' shared community values and synergies with Orange County's local <br /> food systems movement and emphasis to support local food sourcing. <br /> • A new partnership between Orange County and Town of Chapel Hill to be competitive <br /> and successfully attract a renowned Wegmans retail venture which is also considering <br /> alternate retail store locations throughout the Research Triangle area. <br /> • Wegmans is ranked #1 nationally each year in its business field. <br /> A company representative (Dan Aken, Director of Real Estate & Site Development for <br /> Wegmans) will be present at the meeting and will be available for comment and questions. <br /> Outline of Performance-Based Incentives: <br /> The performance measures listed below will be evaluated for the twelve month period following <br /> the Company's Commencement Date (date when the company opens for business). For <br /> illustration purposes, it is assumed the Certificate of Occupancy is obtained by January 1, 2019. <br /> With this potential timeline, the 1st year identified below would be calendar year 2019 and would <br /> run through calendar year 2024. <br /> (1) Overall property valuation of at least $18,144,000 in real property and at least $8,000,000 <br /> in personal property. <br /> (2) Wegmans store retail sales are projected to reach $83,000,000 by the end of the first five <br /> years. <br /> \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\: I I ri II IP 011 •;\\\\\\\\\\\\\\\\\\\\\\\\ <br /> 1 S`Year 21 Year 3`d Year 41 Year 5 'Year <br /> $62,000,000 $67,000,000 $72,000,000 $78,000,000 $83,000,000 <br />