If assessment of benefited property has not been made on the basis of estimates of the city engineer, then when actual costs have been determined, the city recorder shall give notice of the proposed assessments by publication in a newspaper of general circulation in the city of North Bend and by mail or delivery to the owners of property to be assessed at least 10 days prior to the date that the proposed assessments are to be considered by the city council. The notice shall contain a description of the property to be assessed, the amount of the proposed assessment for each parcel of such property, and the latest date that objections may be filed with the city recorder, which date shall not be earlier than the tenth day after the date of publication and mailing, and that such objections must be in writing and state the grounds therefor. The notice shall also state that the council will enact an assessment ordinance following the consideration of the proposed assessments, and any objections thereto, and, if the owner of property assessed shall fail, within 30 days of the enactment of the said ordinance, to either apply to pay such assessment in installments or to pay the assessment in full, then interest shall commence to run on the assessment and the property will be subject to foreclosure. The council shall consider the proposed assessments and any objections thereto, and may adopt, correct, modify or revise the proposed assessments and determine the amount of assessment to be charged against each parcel of property within the improvement district according to the special and peculiar benefits accruing thereto from the improvement and shall levy the assessments by ordinance. (Ord. 1492 § 1, 1974; Ord. 1085 § 10, 1958)