In order to designate a road as a scenic road, the Town Board shall, within 30 days of receipt of an application, refer the application to the Planning Board, the Highway Superintendent, the Scenic Road Advisory Committee and the Conservation Advisory Commission for review and comment. These entities shall submit comments to the Town Board within 60 calendar days of their receipt of application from the Town Board. As soon as practicable, but no later than 120 days after its initial receipt of an application, the Town Board shall hold a public hearing regarding the designation of such road as a scenic road. The Town shall give notice of the public hearing by publication in an official Town newspaper at least five calendar days prior to the date of such hearing. The applicant shall, at its cost and expense, send notice by registered mail at least 10 calendar days prior to the date of such hearing to the owners of lots fronting the road under consideration for designation as a scenic road and provide proof of such registered mailing to the Town Board prior to such hearing. The Town Board shall act upon the proposed designation within 45 calendar days after such hearing. The Town Board shall file its decision or determination with the Town Clerk within five days of the decision or determination.