I'm interested in who owns the data after it is collected. Is it the company's or does it below to the person who is paying the $50/year? My hunch is that the company will retain rights over the data collected and it can become another source of income for them over time.
You keep using the word “neighborhood” as if it referred to a legal entity with a defined authority structure that can make decisions and own property. This is generally not the case, so it is apparent that this is being used as a sloppy, PR-friendly term for something else, like maybe an HOA. What specifically do you mean when you say “neighborhood”?
Define "the neighborhood". I personally don't know more than three or four neighbors in my apartment complex. Who specifically is it then? I tend to believe you actually meant to type 'police precinct'.
I applaud your sense of civic duty, but having a complete panopticon of all outside activities for an unobtainable goal of 100% seems absurd.