The clerk shall cause to be posted in three conspicuous places in the borough, commencing the day after the date of final passage of the resolution of the assembly accepting conveyance of the subject tidelands, a notice of plat containing the following statements: (1) time and place(s) of posting, (2) the date of final passage and the effective date of the accepting resolution, and that the plat is the official tidelands subdivision plat of the tide and submerged lands conveyed by the state to the borough on the date conveyed, (3) that any and all persons having or claiming preference rights provided by law and as herein defined to any part or parts of the tidelands embraced within the boundaries of said plat, who fail to apply to exercise such rights under the provisions of this chapter within two years from and after the date declared to be the date upon which applications therefor will be first accepted by the borough, shall forfeit their preference rights provided by law and this chapter, and (4) that this chapter was enacted to protect occupants having preference rights, to afford due process of law, to provide procedures for applying for exercise of preference rights, for hearing and adjudicating adverse claims, and for processing whatever legal documents are determined to be necessary for disposition of said applications and/or claims, and (5) that copies of the accepting resolution and preference right application forms are available at the office of the clerk.