Enforceable protections require bonds, automatic penalties, resident enforcement rights, shutdown authority, and secured decommissioning funds.
Provisions
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Escrowed Performance Bond
A minimum $50 million performance bond is held in a Town-controlled escrow account and replenished after any withdrawal. -
Daily Fines
Automatic fines apply for nuisance, safety, water, construction, and shutdown violations, with penalties increasing according to severity. -
Direct Resident Compensation from Fines
Fine proceeds are divided among reporting residents, households within the Impact Zone, and the Town’s enforcement fund. -
Resident Standing to Enforce
Residents may bring an enforcement action if the Town fails to act on documented evidence within 60 days. -
The Hard-Stop Shutdown
Violations not fully corrected within 24 hours trigger a mandatory shutdown until the problem is resolved, fines are paid, and remediation is approved. -
Decommissioning Security
The developer must fund a bankruptcy-protected bond covering 125% of equipment removal, demolition, remediation, and site restoration costs.