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(b) Denial: Conditional use permits may be denied by resolution. Such resolution shall state the reasons for denial, but may incorporate by reference the minutes and recommendations of the Planning Commission, staff reports, hearing testimony and any other material relevant to the decision. Subdivision 5. Termination: If compliance with all of the conditions of the conditional use permit have not taken place within the time prescribed by the City, the permit is deemed terminated, unless the Council, in its sole discretion, extends the time for compliance for an additional permit not to exceed one year. Any violation of a continuing condition shall be grounds for revocation of the conditional use permit, after notice of violation served upon the permit holder in the manner of a civil summons at least 10 days prior to hearing, and upon the Council finding at the revocation hearing that the condition violated remains necessary to carry out the purposes of this section and that the permit holder is unable or unwilling to satisfy the condition. Such finding shall be made by majority vote, upon the preponderance of the evidence presented by the Zoning Administrator and anyone appearing on behalf of the permit holder. Subdivision 6. Performance Bond: The City may require a performance bond or other security, in form approved by the City Attorney, to guarantee performance of the conditions in any case where such performance is not otherwise guaranteed. Such security shall be provided prior to the issuance of building permits or initiation of work • on the proposed improvements or development and shall be in an amount 1.25 times the approved estimated costs of labor and materials for the proposed improvements or development. 9-15.05 Amendments Subdivision 1. Amendments. The Council may, by an affirmative vote of four fifths (4/5) of all members thereof, adopt amendments to this Chapter. Subdivision 2. Initiation of Amendment. Proceedings for amendment of this Chapter shall be initiated by (1) a petition of the owner or owners of the actual property, the zoning of which is proposed to be changed; (2) a recommendation of the Planning Commission; or (3) by action of the Council. Such notice shall also contain the description of the land and the proposed change in zoning. At least ten (10) days before the hearing the Planning Commission shall mail an identical notice to the owner and to each of the property owners within three hundred (300) feet to the outside boundaries of the land proposed to be rezoned. Failure of the Planning Commission to mail the notice shall not invalidate the proceeds. Within sixty (60) days after the date of referral by the Council, the Planning Commission shall make a written report to the Council stating its findings and recommendation. :7 11