All security posted or deposited pursuant to this chapter shall secure the performance of the following duties by the permittee:
(A) That all of the terms and conditions of the relocation permit shall be complied with to the satisfaction of the Building Official; and
(B) That all of the work required to be done pursuant to the conditions of the relocation permit shall be fully performed and completed within the time limit specified in the relocation permit. If no time limit is specified in the permit, the work shall be completed within 90 days after the date of the issuance of the permit. The time limit herein specified and the time limit specified in any permit issued may be extended for good and sufficient cause, either before or after the time period has expired, by a written order of the Building Official.
(1995 Code, § 4.32.090)