Financial surety. An applicant for a large-scale battery energy storage system, solar energy facility, or commercial wind energy conversion systems shall provide a form of surety, either through development escrow agreement, bond, letter of credit, or like form approved by the Planning Board, to cover all costs of decommissioning and removal calculated at a minimum of 125% of the approved estimated cost of decommissioning and restoration. The estimate of costs shall be prepared by a licensed engineer and be sealed accordingly, and the annual cost shall take into account New York State prevailing wage rules and any inflationary rise in surety amounts covered, contain an evergreen clause, or otherwise account for increases in the cost of decommissioning and restoration in a manner as approved by the Planning Board. At a minimum, at least once every three years after any approval or permit is issued by the Town, the applicant or the future owner or operator of the facility shall provide an updated certified cost estimate for decommissioning, removal, and restoration, and if the resulting 125% cost requirement shows that the exiting security or bond is monetarily insufficient, then the owner shall update such bond or undertaking, or see to its replacement or supplementation in an amount to equal such updated minimum 125% of cost number.