Upon the issuance of the permit, and except as otherwise provided in Section 907.15, the applicant therefor shall deposit with the City Manager the sum of one hundred dollars ($100.00) as a guarantee that the work under such permit shall be in accordance with the terms of this chapter. When such work is completed and has been duly found to be in accordance with this chapter and done to the satisfaction of the Director of Service or the City Manager, such deposit shall be refunded. If, during the progress of such work, it is determined by the City Manager that such construction work is not in accordance with this chapter, the applicant shall be directed to make such changes and remedy such work to conform to this chapter within such time and upon the conditions prescribed by the City Manager. If within such time the work is not completed according to the directions prescribed by the City Manager, then the City Manager shall cause the work to be changed and remedied so that the same shall be in accordance with this chapter and the expenses and costs thereof shall be deducted from the deposit, and the balance thereof, upon the completion of such work, shall be returned to the applicant.