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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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BOCC
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10/18/2016
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Regular Meeting
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Agenda
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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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39 <br /> Attachment 6 <br /> Chronology <br /> Economic Development Recruitment Efforts by Orange County & Town of Chapel Hill <br /> • Spring 2016 - Town of Chapel Hill began discussions with the consulting firm Altus Group on <br /> regarding a proposed redevelopment of the Performance Automall site and the attraction of a <br /> significant retail tenant that is renowned in its business sector. <br /> • May 20, 2016 - Project was referred to Orange County Economic Development as a recruitment <br /> opportunity by the Economic Development Partnership of North Carolina. <br /> • May 25, 2016 - First joint meeting between the Town, County and consultant firm (Dave Cockey <br /> w/Altus Group)to discuss "Project Eagle". <br /> • June 29, 2016 - First joint meeting was held between the leadership & staff of Orange County <br /> (BOCC Chair Earl McKee, County Manager Bonnie Hammersley, Deputy Manager Travis Myren) <br /> and the Town of Chapel Hill (Mayor Hemminger, Town Manager Roger Stancil)to consider any <br /> interest to pursue joint financial recruitment incentives, closed session discussions, etc., to recruit <br /> the business to Chapel Hill. <br /> • July 1 & 5, 2016- Orange County&Town staff continued discussions on retail sales tax <br /> projections based on Project Eagle's proposed retail sales tax value. <br /> • July 19, 2016 - Orange County (BOCC Chair Earl McKee, Manager Hammersley, Deputy <br /> Manager Travis Myren) and Chapel Hill (Town Manager Roger Stancil) senior leadership met with <br /> the consultant Dave Cockey with Altus Group, & Dan Aken, Wegmans' Director of Corporate Real <br /> Estate & Site Development. <br /> • July 20, 2016 - Orange County Board of Commissioners held their first closed session meeting to <br /> discuss the project. <br /> • July 25, 2016—Chapel Hill Town Council held their first closed session meeting to discuss the <br /> project. <br /> • August 9 & 16, 2016 -County&Town staff met to continue discussions. <br /> • September 12, 2016 - Orange County Board of Commissioners &the Chapel Hill Town Council <br /> met separately to hold a second closed session discussion, with mutual consensus reached by <br /> both local governments to continue talks with the Company and develop an incentive agreement <br /> proposal. <br /> Prospective Timeline of Wegmans Development Process <br /> • Summer 2017— Performance Automall relocates to Durham <br /> • Fall 2017 - Demolition Permits are obtained by Wegmans from the Town of Chapel Hill <br /> • Winter 2017— Building permits are obtained by Wegmans from the Town of Chapel Hill <br /> • Calendar Year 2018—Construction is expected to take place throughout 2018 <br /> • Spring 2019—Wegmans obtains Certificate of Occupancy from the Town of Chapel Hill <br /> • Spring—Summer 2019—Targeted Commencement Date for a store opening <br />
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