DEVILS LAKE, N.D. (AP) - The mayor of Devils Lakes says a city committee has finished work on a proposed development agreement with a company planning an oil refinery on the western edge of the city.
Mayor Dick Johnson says that one of the provisions in the proposed deal would require Eagles Ledge Energy and one of its subsidiaries to make a payment to the city that is equal to 2.5 percent of the refinery's annual earning, minus some deductions.
Johnson says the agreement covers numerous issues such as environmental safeguards and other contingency plans for potential mishaps.
The mayor says the full city commission is expected to review the documents and vote later this month whether to approve it.