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A. The director may extend the conditional certificate for a period not to exceed 24 consecutive months. The owner shall submit a written request stating the grounds for the extension together with a fee as established by the director. The director may grant an extension if the director determines that:

1. The anticipated failure to complete construction of the project within the required time period is due to circumstances beyond the control of the owner;

2. The owner has been acting and could reasonably be expected to continue to act in good faith and with due diligence; and

3. All the conditions of the original MFTE contract between the owner and the city will be satisfied upon completion of the project. (Ord. 6582 § 11, 2021; Ord. 6231 § 2, 2015.)