Hazardous material shall not be used, stored or produced in the Aquifer-Watershed Overlay District unless in compliance with all state, federal and local regulations and laws relating thereto, including but not limited to 38 M.R.S.A. §§ 1319, 1317 and 1362, and unless approved by the Planning Board. The applicant shall provide the Planning Board clear and convincing evidence that the presence of such materials within the Aquifer-Watershed Overlay District will pose no foreseeable likelihood of entry onto the watershed or into the water supply aquifer.