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6 <br /> 1 Orange County will serve as the primary administrator of the performance-based Inducement <br /> 2 Agreement between Wegmans and the local governments, and the County is holding the <br /> 3 required public hearing. In addition, there is a separate Interlocal Agreement that governs the <br /> 4 cost share incentive payment transactions between the County and Town over the term of the <br /> 5 total incentive period. This incentive offering is based off the following benefits a Wegmans <br /> 6 retail facility will bring to the community. <br /> 7 <br /> 8 Travis Myren reviewed the sequence of events for this item. <br /> 9 Steve Brantley, Orange County Economic Development Director, made the following <br /> 10 PowerPoint presentation: <br /> 11 <br /> 12 Presentation to Orange County Board of Commissioners <br /> 13 Public Hearing for a Proposed Economic Development Recruitment Incentive for <br /> 14 Wegmans Food markets, Inc. & Interlocal Agreement Between Orange County and the <br /> 15 Town of Chapel Hill <br /> 16 October 18, 2016 <br /> 17 <br /> 18 Description of "Project Eagle" <br /> 19 • A redevelopment of the current 14-acre Performance Automall site (following the auto <br /> 20 dealership's ongoing relocation to Durham by owner Hendrick Automall Group) and the <br /> 21 establishment of a single tenant grocery store, with restaurants, prepared foods, farmers <br /> 22 market and related retail businesses by Wegmans Food Markets. <br /> 23 <br /> 24 Proposed site for Wegmans Food Market, Inc. (aerial photo) <br /> 25 <br /> 26 Weqmans <br /> 27 Headquartered in Rochester, New York <br /> 28 • $7.6 billion in Revenue (2015) <br /> 29 • Over 46,000 Employees <br /> 30 Company Values: <br /> 31 • We care about the well-being and success of every person. <br /> 32 • High standards are a way of life. We pursue excellence in everything we do. <br /> 33 • We make a difference in every community we serve. <br /> 34 • We respect and listen to our people. <br /> 35 • We empower our people to make decisions that improve their work and benefit our <br /> 36 customers and our company. <br /> 37 <br /> 38 Wegmans: helping you make great meals easy <br /> 39 • Asian Bar <br /> 40 • Bakery <br /> 41 • Beer <br /> 42 • Catering <br /> 43 • Complements <br /> 44 • Floral <br /> 45 • Kosher Deli <br /> 46 • Market Café <br /> 47 • Nature's Marketplace <br /> 48 • Patisserie <br /> 49 • Pharmacy <br />