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<br />therefore shall be one-half the amount required for a new permit for such work, <br />provided no changes have been made or will be made in the original plans and <br />specifications for such work; and provided further that such suspension or <br />abandonment has not exceeded one (1) year. In order to renew action on a permit <br />after expiration, the permittee shall pay a new full permit fee. Any permittee holding <br />an unexpired permit may apply for an extension of the time within which the <br />permittee may commence work under that permit when the permittee is unable to <br />commence work within the time required by this section for good and satisfactory <br />reasons. The city may extend the time for action by the permittee for a period not <br />exceeding one hundred eighty (180) days upon written request by the permittee <br />showing that circumstances beyond the control of the permittee have prevented <br />action from being taken. No permit shall be extended more than once. <br /> <br />Q. Su.spension or revocation. The city may, in writing, suspend or revoke a permit <br />issued under the provisions of this chapter whenever the permit is issued in error <br />or on the basis of incorrect information supplied, or is found to be in violation <br />of any ordinance or regulation or any of the provisions of this chapter. <br /> <br />Grading fees. <br />Fees shall be charged in accordance with the provisions of this section and as set forth in the <br />fee schedule adopted by the City Council by resolution from time to time. <br /> <br />Financial security. <br /> <br />A. The city may require bonds in such form and amounts necessary to assure <br />that the work is completed in accordance with the approved plans and <br />specifications. <br /> <br />B. In lieu of a surety bond the applicant may file a cash bond or instrument of <br />credit with the city in an amount equal to that which would be required in the <br />surety bond. <br /> <br />C. If requested by the applicant, the amount of the financial security may be <br />reduced by the city. Such reduction will be based upon the extent to which <br />the grading and restoration have been completed and shall consider the <br />continued need for erosion control. <br /> <br />Amended permits. <br />Any changes desired to be made to the grading plan by the applicant following the issuance <br />of a grading permit shall be submitted to the city for review. <br /> <br />A. No grading changes may be implemented by the applicant unless approved <br />by the city. <br /> <br />B. Any desired change to the grading plan shall be supported by information <br />showing the change desired, the reasons for the change, the effect the change <br />would have upon buildings, structures, drainage facilities and patterns. The <br /> <br />7 <br />