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.

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 said 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 earnings before certain deductions such as taxes.

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.

The 49-page agreement is available for public viewing on the city’s website at www.dvlnd.com.

According to City Manager Terry Johnston, the city will be taking public comment on the plan until June 11.

You can do that by e-mail to terryj@dvlnd.com or in writing mailed to Devils Lake City Offices, 423 6th St., Devils Lake, ND 58301.

The agreement will be presented at the June 15 Devils Lake City Commission meeting for approval.

Be sure to include your contact information if you wish to comment.