After the City Manager has set the application for hearing, notice of the hearing shall be given to all property owners within three hundred (300) feet of the proposed or actual location of applicant's business. For the purposes of this section, notice to property owners shall be sufficient if given to those property owners who appear as such on the most recent equalized assessment roll prepared by the County of Orange. All notices provided for in this section shall be in such form as prescribed by the City Manager.