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22 <br /> Town of Chapel Hill <br /> Wegmans Food Market <br /> • 2016 public announcement for new retail grocery store <br /> • $18 million investment, <br /> • 350 full-time equivalent retail and food preparation jobs to be created <br /> • Up to$1.5 million annually in local retail sales tax forecasted by 2026 <br /> • Orange County incentive not to exceed $2 million paid over the years 2022-2027 <br /> Wegmans-Orange County Revenue Projections <br /> 15t Year 2nd Year 3rd Year 4th Year 5th Year TOTAL <br /> Net New Property <br /> Tax Revenue $103,7821 $95,002 $86,222 $77,442 $68,662 $431,112 <br /> Sales Tax Revenue $813,426 $879,025 $944,624 $1,023,343 $1,088,941 $4,749,359 <br /> TOTAL REVENUE $917,208 $974,027 $1,030,846 $1,100,785 $1,157,603 $5,180,470 <br /> Incentive Payment $(400,000) $(400,000) $(400,000) $(400,000) $(400,000) $(2,000,000) <br /> Annual Net $517,208 $574,027 $630,846 $700,785 $757,603 $3,180,470 <br /> Revenue <br /> Well Dot <br /> • 2019 public announcement for new health care IT call center <br /> • 400 professional jobs to be created by 2026 with an average salary of$65,000/year <br /> • A lease agreement with the company was approved by the Board of Commissioners in June <br /> 2022County-owned space located at 501 and 503 W. Franklin Street <br /> 0 A performance-based incentive was also approved by the Board of Commissioners. <br />