No person may store, either temporarily or permanently, any hazardous material regulated by this Code in an underground storage facility or tank system unless the property owner and/or operator of the facility or tank system has made application to and received approval from the city for an underground storage tank storage permit in conformity with the provisions of this chapter. No storage permit shall be issued or approval granted by the city unless the requirements and standards referred to herein have been satisfied or complied with in full. These requirements and standards are considered the minimum necessary to protect the public health, safety, welfare and environment.