The plan shall ensure financial resources equal to 125% of the entire cost of decommission, and approved by the Code Official and the state's attorney, in a surety performance bond that is readily convertible into cash at face value and that names Jersey County and its officials as the insured. This surety shall be retained by the county to cover the cost of the decommissioning requirements herein. Following initial submittal of the surety, the cost calculation shall be reviewed bi-annually, and adjusted accordingly based upon an updated estimate, excluding the salvage value, by an Illinois licensed engineer under seal; provided however, that any such periodic adjustment must be approved by the County Board. The county shall hire the engineer and the applicant shall be required to cover the cost. Failure to comply with any requirement of this section shall result in the immediate termination and revocation of all prior approvals and permits; further, the county shall be entitled to make immediate demand upon, and/or retain any proceeds of, the surety, which shall be used for decommissioning and/or removal of the wind energy conversion system, even if still operational. The decommissioning agreement and financial assurances shall comply with 55 ILCS 5/5-12020.
(Ord. WEC-23, passed 8-8-2023)