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Subcommittee raises escrow baseline to $1,000,000, outlines bond and decommissioning concerns
Summary
Members agreed to change the escrow minimum to $1,000,000 (with replenishment) and discussed a decommissioning bond (150% of estimated cost), joint responsibility across applicant/owner/operator, and the need for legal counsel to clarify release conditions and duration.
The subcommittee voted informally to raise the working minimum escrow amount from $100,000 to $1,000,000 and debated how escrow and bond instruments should cover costs through construction, operation and decommissioning. Members emphasized that the applicant should establish the escrow but that applicant, owner and operator should remain responsible for maintaining it during the facility's life.
Committee members discussed requiring a decommissioning bond equal to 150% of the estimated restoration cost and debated whether the escrow should stay in place until BZA/APC verifies compliance. A committee member said "Let's do 1000000" to recommend increasing the minimum escrow level. Members also noted that the escrow should be replenished when spent and that legal counsel should draft precise language about responsibility when ownership changes.
