Before any plat is approved affecting any land within three hundred feet of the center line of a proposed new highway or a highway for which changes are proposed as described in the certification to local officials by the State Transportation Director of any land within a radius of five hundred feet from the point of intersection of such center line with any public road or highway, the Commission shall give notice by registered or certified mail to the Transportation Director. The Commission shall not approve the plat for one hundred twenty days from the date the notice is received by the Transportation Director. If the Transportation Director notifies the Commission that he shall proceed to acquire the land needed, then the Commission shall refuse to approve the plat. If the Transportation Director notifies the Commission that acquisition at this time is not in the public interest or upon the expiration of the one hundred twenty day period or any extension thereof agreed upon by the Transportation Director and the property owner, the Commission shall, if the plat is in conformance with all provisions of these regulations, approve the plat. (Ord. 77-55. Passed 9-6-77.)