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Peoria County committee advances final road‑use agreement for proposed wind project
Summary
The infrastructure committee voted to forward a final road‑use agreement for a proposed wind project to the county board after staff described protections including a 150% financial assurance multiplier, a $1.5 million escrow, expedited letter‑of‑credit access and warranty/inspection provisions; townships must finalize parallel agreements before the developer may apply for special use.
Peoria County's infrastructure committee voted to forward a final road‑use agreement for a proposed wind project to the full county board after hearing detailed staff presentations on construction oversight, financial assurances and enforcement provisions.
Andrew Kite, county staff, told the committee the agreement was developed with input from the state's attorney's office, county administration, finance, the county engineer and third‑party engineers. He summarized how the agreement would protect the county: developers must submit preconstruction plans for county review; the county will require financial assurance equal to 150% of the projected repair cost; and an immediately accessible escrow component (described in the packet as $1,500,000)…
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