(1) After passage of an assessment ordinance provided for in section 7.190, the finance officer shall enter in the docket of city liens a statement of the amounts assessed by the ordinance on each particular parcel of real property or portion thereof together with a description of the local improvement, the names of the owners of the parcel assessed, and the date of the assessment ordinance. Upon that entry each amount so entered shall become a lien and charge upon the respective parcel of real property which has been assessed for such improvement.

(2) The city may proceed to foreclose or enforce collection of the full amount of unpaid principal and interest plus attorney fees and costs of foreclosure or collection on delinquent municipal liens in the manner provided by the general law of the State of Oregon or by this code, but the city may, at the direction of the city manager or the manager’s designee, enter a bid for the property being offered at a foreclosure sale, which bid shall be prior to all bids, except those made by persons who would be entitled under the laws of the State of Oregon to redeem the property.