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Norco Manufacturing Corp. received a preliminary approval from the Caledonia Plan Commission to start building a new facility on the corner of the East Frontage Road and 4 Mile Road.
The Caledonia Plan Commission unanimously approved a conditional use permit to allow Norco to construct a 137,000 square-foot building on 15.65 acres of a 178-acre parcel of land that will become the largest WisPark LLC development.
Raymond-based Norco manufactures doors for the aeronautics industry and has entered into memorandum of understanding with Caledonia and WisPark. The terms of the sale have not been settled. Raymond-based DNKC Holdings Inc. owns DNKC Property Management LLC and Norco Manufacturing Corp., which are located at 2713 Nicholas Rd. WisPark is the development arm of Milwaukee-based We Energies.
Zoning Administrator Jarmen Czuta explained to the board that Norco also has the option to build an additional office, expansion, and parking area. However, those are future plans and are not included in the company’s initial plan.
Caledonia village attorney Elaine Ekes explained to the village board that the agreement includes a contingency amendment that requires the village to expand the tax incremental financing districts No. 1 and No. 4, and to expand sewer and water out towards Interstate 94. The Village of Caledonia already has plans to extend sewer and water up Highway V to Highway K.
A TIF district is a development tool municipalities can use to attract business. The way it works is that a financing district is created and a base value of that district is established by the taxing jurisdictions. The increased value of the property is still charged at the base rate, but the district uses the increased tax revenue to pay for the infrastructure projects.
The conditional use plan also calls for a number of conditions, including Norco to do a traffic impact analysis, meet storm water runoff ordinances, comply with landscaping and lighting, and conduct a site plan that includes architectural drawings.
Construction on the Norco project is expected to begin in July, but it still needs final approval from the Caledonia Village Board.