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Either prior to or subsequent to a temporary suspension, the Permit Authority may permanently revoke or suspend the permit after conducting a public hearing in substantially the same manner and after substantially the same notice as for permit issuance hearings, and if the Permit Authority finds:

8-412.A. Violation. A violation of the provisions of the permit or any applicable municipal regulation; or

8-412.B. Inactivity. That the applicant has failed to take substantial steps to initiate the permitted development or activity within twelve months from the date of the permit or, if such steps have been taken, the applicant has failed to complete the development or activity with reasonable diligence.