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County approves decommissioning agreement for solar project; debate centers on letters of credit vs. bonds
Summary
The Livingston County Board approved a decommissioning agreement for a solar project (case SU 14-23) after discussion about whether financial assurance should be an irrevocable letter of credit, a bond, or allow either instrument. The board approved the agreement pending final attorney review.
The Livingston County Board approved a decommissioning agreement for a solar project (case SU 14-23) at its Feb. 13 meeting after members and the county attorney debated how the county should require financial assurances to cover decommissioning costs.
Mike Haig, chair of the Agriculture and Zoning Committee, presented the item and asked the board to approve the agreement. After legal questions from board members, County Attorney Dan Regner said the county ordinance lists acceptable instruments for financial assurance, such as a letter of credit or a bond, but does not mandate a single preferred…
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