Any fine, penalty or part of any fine or any penalty assessed in accordance with the
provisions of this article and remaining unpaid after the exhaustion of, or the failure
to exhaust, administrative remedies created under this article and the conclusion
of any judicial review procedures shall be a debt due and owing the village and, as
such, may be collected in accordance with the applicable law. Payment in full of any
fine or penalty resulting from a standing, parking or compliance violation shall constitute
a final disposition of that violation.