Whenever any tenant or grantee is formally notified by the Manager that he or she is in default of any written or implied obligation to the city, whether it be for breach of performance, breach of covenant, non-payment, or otherwise, he or she shall be billed and shall be liable to the city for all loss of revenue, expense incurred to reestablish performance of service, or other costs unless the tenant issues a statement to the Manager within ten days of the final notice that corrective measures have been initiated and shall be diligently executed. If the conditions of the statement are not executed within the time specified by the Manager, the tenant shall be in default of his or her obligation to the city.
('61 Code, § 3-6.58) (Ord. 44 C.S., passed 4-3-63)