Revocation of Permit. If it appears at any time, to the Construction Official, or the duly authorized agents of the Construction Official or of the Borough, that the application or accompanying plan is in any respect false or misleading, or that work is being done on the premises differing from that called for in the applications filed under existing laws or ordinances, the Construction Official may forthwith revoke the Building Permit. The notice of revocation shall be prepared in writing, in duplicate, outlining in detail the basis of determination for the revocation and a copy submitted to the holder of the Building Permit. Upon notice of revocation of a Building Permit, it shall be the duty of the person holding the same to surrender it and all copies thereof to the Construction Official. After the Building Permit has been revoked, the Construction Official may, before issuing a new Building Permit, require the applicant to file guarantees in favor of the Borough of Ringwood with sufficient surety, conditioned for the compliance with this chapter and all laws and ordinances then in force, and in a sum sufficient to cover the cost of removing the building or structure if it does not so comply.