Within 10 days of adoption of the assessment ordinance, the city engineer shall cause notice of the final assessment. The notice shall identify the local improvement for which the assessment is to be made, each lot to be assessed, and the final assessment for each lot. The notice shall state that the owner of any property to be assessed shall have the right to make application to the city for payment of the final assessment in installments as provided in ORS 223.210. The notice shall also state that if neither payment in full nor an application for installment payments is made within 20 days from the date of the notice, interest will be charged on the assessment from the date of adoption of the assessment ordinance and the property assessed will be subject to foreclosure. The notice shall be sent by certified and regular mail or personally delivered to the owner of each lot or parcel to be assessed. The city may also post the assessments in three public places and/or publish in the newspaper of record.