- Associated Press - Friday, August 5, 2016

DEVILS LAKE, N.D. (AP) - The city of Devils Lake has reached a settlement with a Minnesota-based company that operated a failed wheat straw business in the North Dakota city.

Ultra Green processed straw into materials such as bowls and plates. It shut down in July 2015.

The city in 2012 gave $2 million in incentive money to help the company get the plant running. Ultra Green had projected employing as many as 400 workers, but employed only about 40 at the peak of operations.

The Devils Lake Journal reports (http://bit.ly/2ax9Jae ) that the settlement agreement calls for Ultra Green to retain ownership of specialized equipment at the plant, and the city will receive ownership of the facility.

Mayor Richard Johnson says the building is worth about $2.3 million. City officials are seeking a new occupant.

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Information from: Devils Lake Journal, http://www.devilslakejournal.com

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