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(A) Effective as of the date of the recording of an assessment diagram and assessment roll each of the assessments described therein shall become a lien upon the lot against which each such assessment is made. Unless sooner discharged, each such lien continues for a period of four years from and after the date of such recordation or, if bonds are issued to represent such assessment, until the expiration of four years from and after the due date of the last install-ment due on the bond or of the last principal coupon attached thereto, or until four years after the due date of the last installment on any refunding or supple-mental bonds or of the last principal coupon attached thereto, whichever is longer.
(B) After the date of recordation of the assessment diagram and assessment roll notice shall be given to each lot owner in the manner described in division (A)(1) of § 3.50.125 hereof, which notice shall indicate the total amount of the assessment lien upon that person's lot and shall contain a statement that a lien will attach upon the lot in the amount of the assessment effective as of the date of recordation of such assessment diagram and assessment roll; and that within a period of 30 days after such recordation, any lot owner may pay to the Treasurer of the city the amount of the assessment so imposed, which shall extinguish such lien.
('86 Code, § 3.50.165) (Ord. 3997, passed - - )