Any building or the frame of any building which has been moved under the provisions of this code shall meet all current requirements of this code prior to use or occupancy. All work necessary to bring the building or structure into compliance with this code and all other applicable regulations shall be completed within one hundred twenty (120) days after the date of the move. The director of planning and development may extend the time for completion only if he or she finds that the permittee is making continuous and reasonable progress toward completion. If such work is not completed within the time specified, city shall have the right, but not the duty, to cause the work to be completed or cause the building to be demolished, and the cost thereof shall be a charge upon permittee's deposit. If the cost of demolition exceeds the amount available from the deposit, the excess shall be made a special assessment against the property involved, pursuant to the procedures set forth in Chapter 8.96 of this code, or shall be the personal obligation of the property owner, or the permittee, or both, as the city council may determine. (Prior code § 9.11.432)