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determination, it shall notify the applicant and the Commission that thirty (30) days has passed and that the application is deemed approved. The Wetlands Board shall transmit a copy of the permit to the Commissioner. If the application is reviewed or appealed, then the Wetlands Board shall transmit the record of its hearing to the Commissioner. Upon a final determination by the Commission the record shall be returned to the Wetlands Board. The record shall be open for public inspection at the office of City Planning. Section 40-309. Bonding requirement; suspension or revocation of permit. The Wetlands Board may require a reasonable bond or letter of credit in an amount and with surety and conditions satisfactory to it securing to the City of Portsmouth and the Commonwealth compliance with the conditions and limitations set forth in the permit. The Wetlands Board may, after hearing as provided herein, suspend or revoke a permit if the Wetlands Board finds that the applicant has failed to comply with any of the conditions or limitations set forth in the permit or has exceeded the scope of work as set forth in the application. The Wetlands Board, after hearing, may suspend a permit if the applicant fails to comply with the terms and conditions set forth in the application. Section 40-310. Review procedure; grant or denial of permit. (a) In making its decision whether to grant, to grant modified form, or to deny an application for a permit, the Wetlands Board shall base its decision on these factors: (1) Such matters raised through any person in support of or in rebuttal to application, i ' the testimony of the permit (2) Impact of the development on the public health and welfare as expressed by the policy and standards of Chapter 2.1 of Title 62.1 of the Code of Virginia and any guidelines which may have been promulgated thereunder by the Commission. (b) If the Wetlands Board, in applying the standards above finds that the anticipated public and private benefit of the proposed activity exceeds the anticipated public and private detriment and that the proposed activity would not violate or tend to violate the purposes and intent of Chapter 2.1 of Title 62.1 of the Code of Virginia and of this Article, the Wetlands Board shall grant the permit, subject to any reasonable condition or modification designed to minimize the impact of the activity on the ability of the City, to provide governmental services and on the rights of any other person and to carry out the public policy set forth in Chapter 2.1 of Title 62.1 of the Code of Virginia and in this Article.