(A) In the event of a default under a Program agreement, the city may suspend the participation of the approved applicant until such time as the default is cured or the city may terminate the agreement with prior written notice to the approved applicant with 30 days to correct the default event. If the approval is terminated, the city may pursue remedies available to the city under Kentucky law and pursuant to the terms of the parties’ Program agreement.
(B) The failure of the city to declare a default in any event thereof shall not constitute a waiver thereof.
(C) The remedies contained in the Program agreement shall be cumulative and in addition to any other remedy authorized by law. The remedies may be exercised separately, together or in any combination thereof, and any such exercise shall not constitute a waiver of any remaining remedies.
(D) No discharge in bankruptcy or other bankruptcy proceedings shall affect the approved applicant’s obligation to comply with this subchapter, except as provided by federal or state law.
(Ord. 2-2014, passed 12-12-13)