If the nature of the emergency repair permits advance notice and hearing, and if in the discretion of the Council the matter should be the subject of special assessments for the cost of repair, the assessment cost may be paid in up to ten (10) annual installments in the same manner and with the same interest rates provided for assessments against benefitted property under Chapter 384 of the Code of Iowa. If a special assessment is so levied, it will be a lien against the benefitted property from the date of filing the schedule of assessments until the assessment is paid. Such special assessments shall have equal precedence with ordinary taxes and are not divested by judicial sale.