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The permit shall not be issued until the applicant furnishes the City a performance bond executed by the applicant and a surety company authorized to do business in this state and approved as to form and amount by the city attorney. The bond shall guarantee that the applicant will:

A. Conform to all requirements imposed by the City relating to the moving of the building; and

B. Promptly repair and make good to the satisfaction of the City any damage to pavement, sidewalks, hydrants, sewers, water lines, streets, alleys, or other public or private property done or caused by the applicant, the applicant’s servants or employees in moving a building; and

C. Within three months after the permit is granted, if the relocated building will be relocated within the City limits, have the relocated building ready for occupancy and use in accordance with the building and zoning regulation of the City in effect at the time the permit is issued.