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I I I I I I shall engage in development in the area or conduct the act- ivity specifically described in said request until the govern- ing body has held its hearing and issued its order relating thereto. 1-303 Public Hearing Required. (1) The governing body shall hold a public hearing before designating any matter of state interest and adopting regulations for the administration thereof. Said hearing shall be held not less than thirty (30) nor more than sixty (60) days after the governing bOdy's receipt of the petition described in section 301(4). I I I I I I I I I I I (2) In the event that the Colorado Land Use Commission submits a formal request to take action, such public hearing for designation shall be held within ninety (90) days after receipt of the formal request. 1-304 Notice of Public Hearing, Mailing List, Publication. (1) The administrator shall prepare a notice of the designation hearing which shall include: (a) The time and place of the hearing. (b) The place at which materials relating to the matter to be designated and any guidelines and regulations for the administration thereof may be examined. (c) A telephone number where inquiries may be answered. (d) A description of the area or activity pro- posed to be designated in sufficient detail to provide reasonable notice as to property which would be included. The notice should include, when practicable, both the legal description of the property as well as any general or popular names of the property. (2) The administrator shall maintain a mailing list of the names of those persons requesting that their names and addresses be placed on the list and paying an annual fee, the amount of which shall be determined from time to time by the permit authority. In order to have his/her name and address retained on said mailing list, the person shall resubmit his/ her name and address and pay such fee before January 31 I I -9-