After the plan is approved by the Planning and Zoning Commission but before a permit is issued, the applicant for a Ground Mounted Solar Energy System shall submit to the Village Administrator a performance guarantee in the amount of one hundred twenty percent (120%) of the applicant's estimated demolition cost of the Ground Mounted Solar Energy System, subject to review and approval of the estimated cost by the Village Administrator and Zoning Inspector. The applicant may apply for the release of the guarantee at such time that it or its assignee removes the Ground Mounted Solar Energy System and associated abandoned structures, and such completed removal is found to be satisfactory by the Code Enforcement Officer. The security obligation hereunder may be satisfied by the posting of a surety bond, guarantee, letter of credit or other security instrument, subject to approval of the Village Solicitor.
(Ord. 23-121. Passed 6-8-23.)