A.
As part of a permit issued under this Bylaw, in addition to any security required by any other Town or state board, agency, or official, the Commission may require that the performance and observance of the conditions imposed hereunder may be secured wholly or in part by one or more of the methods described below:
(1)
By proper bond or deposit of money or negotiable securities sufficient in the opinion of the Commission.
(2)
By a conservation restriction, easement, or other covenant remaining with the land and enforceable in the court of law, executed and duly recorded by the owner of record, to the Town and members of the public, whereby permit conditions shall be performed and observed before any lot may be conveyed other than by mortgage deed. Upon completion of site alterations required in the permit, security for the performance of which was given by bond, deposit, or covenant, or upon the complete performance of the covenants with respect to the site, the applicant may request and agree to terms of release which the Commission shall determine. If the Commission determines that said alterations have been completed in compliance with the conditions of the permit, it shall release the interest of the Town in such bond and return the bond or deposit to the person who furnished same, or release the covenant, if appropriate.
B.
If the Commission determines that said alterations have not been completed in compliance with the permit, it shall, within 45 days, specify to the applicant, in writing, the details wherein said alterations fail to comply with the permit.