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When the assessment roll is so certified and filed, the council shall consider the adoption on first reading of an ordinance levying the assessments (the "assessment ordinance"). The publication of the assessment ordinance after first reading, as provided in the charter, shall constitute notice of the public hearing on the assessment roll. Such ordinance shall state:

A. That such assessment roll is on file in the town clerk's office;

B. The date of filing the same;

C. The basis of assessment; and

D. The date, time and place of the public hearing on the assessment roll, which shall also be the date, time and place at which the council will consider the assessment ordinance on second reading. (Ord. 9, Series 1988)