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Lee County staff preparing resolution to allow letter of credit instead of cash escrow for Maple Road Solar decommissioning
Summary
County staff told the executive committee they will draft a resolution allowing Maple Road Solar to post a letter of credit rather than a cash escrow for decommissioning; the resolution will require the surety before a building permit and propose a nominal administration fee.
County staff said they will draft a resolution for the county board that would let Maple Road Solar post a letter of credit as an alternative to the cash escrow currently required under the project's special-use permit.
Alice (staff member) told the Lee County Board Executive Committee that the ordinance under which the Maple Road Solar special-use permit was approved requires a cash escrow for decommissioning but that the county board can…
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