Operation and maintenance bond. Where solar facilities are to be operated, maintained and inspected by and at the responsibility of the applicant or developer, prior to issuance of the building permit, these entities may be required to provide the Town of Owasco with a bond, cash escrow, irrevocable letter of credit from an approved financial institution, or other acceptable surety, to ensure there are resources available to support and sustain the proper operation and maintenance of all stormwater management, site civil elements and landscaping until the facilities are removed from operation. If there is failure to properly inspect, operate and maintain said facility, the Town of Owasco may draw upon the account to cover costs of proper inspection, operation and maintenance, including legal, engineering and contractor costs. The bond amount shall be based on the estimated cost of annual inspections and typical maintenance actions over a five-year period, subject to third-party review at the developer's expense, if requested by the Town Council.