In light of technical advances and the likelihood of tall communications towers becoming obsolete, the Township has taken a proactive stance with regard to possible future abandonment. With each application, an applicant shall submit a written signed estimate from a qualified demolition expert experienced in dismantling communications towers of the type and height proposed by the applicant stating the current estimated cost of safely dismantling and removing the proposed communications tower and communications equipment building, if any, from the lot in the event such tower and equipment fall into disrepair or disuse. Upon obtaining zoning approval and before any construction is permitted to begin, the applicant shall submit to the Township Zoning Officer financial security in the form of cash or a check for an escrow account, an irrevocable letter of credit, a bond, or similar financial security, acceptable to and approved by the Township Solicitor, in an amount equal to the amount of the written estimate for the removal of the communications tower and equipment building, if any, plus 10% as security for the safe removal of the communications tower/antenna and equipment building, if any. Said financial security shall remain posted with the Township until said communications tower/antenna and equipment building, if any, is safely dismantled and removed from the site. Every five years, the owner of the communications tower/antenna and equipment building, if any, shall submit an updated written and signed demolition and removal estimate evidencing a cost that is then current. If the owner of the communications tower/antenna and equipment building, if any, fails to timely submit said demolition and removal estimate, the Township shall be entitled to obtain same at the cost of the owner of the communications tower/antenna and equipment building, if any, and charge the cost of same against the posted financial security.