A. Upon adoption of the ordinance adopting a property assessment, the City Recorder shall enter into the docket of liens a statement of the amount assessed on each lot, a description of the improvement, names of property owners, and the date of the assessment ordinance. On entry into the lien docket the amounts shall become liens and charges on the lots that have been assessed for improvement.

B. Assessment liens of the City shall be superior and prior to all other liens or encumbrances on property insofar as state law permits.

C. Starting thirty (30) days after the effective date of the assessment ordinance, the property assessment shall accrue interest at the rate set by the Council, and the City

may foreclose or enforce collection of assessment liens in the manner provided by state law.

D. The City may enter a bid on property being offered at a foreclosure sale. The City shall have priority over all bids except those made by persons who would be entitled under state law to redeem the property.