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