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Agenda - 10-18-2016 - 5-b - Public Hearing Regarding an Economic Development Incentive for Wegmans Food Markets, Inc., and Interlocal Agreement Between Orange County & Chapel Hill
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Agenda - 10-18-2016 - 5-b - Public Hearing Regarding an Economic Development Incentive for Wegmans Food Markets, Inc., and Interlocal Agreement Between Orange County & Chapel Hill
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10/13/2016 4:36:55 PM
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10/13/2016 4:18:13 PM
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BOCC
Date
10/18/2016
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5b
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2019-804 Economic Dev - Town of Chapel Hill interlocal agreement Wegmans
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2019
Minutes 10-18-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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33 <br /> Outline of Performance Based Incentives + x ORANGE COUNTY <br /> 4, ECONOMIC DEVELOPMENT <br /> (on a $4 million dollar incentive) NORTH CAROLINA <br /> Wegmans store retail sales are projected to reach <br /> $83,000,000 by the end of the first five years. <br /> If the retail sales target is not achieved, the <br /> incentive payment will be reduced proportionally. <br /> PrM <br /> Letail Sales Projections <br /> AL <br /> 1 St Year 2nd Year 3rd Year 4t" Year 5t" Year <br /> $62,000,000 $67,000,000 $72,000,000 $78,000,000 $83,000,000 <br />
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