Failure of the Board to so act within the required
period(s) of time shall be deemed to be a grant of the general development
plan approval of the plan as submitted. In the event that the general
development plan approval is granted, other than by lapse of time,
either of the plan as submitted or of the plan with conditions, the
Borough Planning Board, as part of its resolution, shall specify the
drawings, specifications and form of performance guaranty as provided
by statute that shall accompany subsequent applications for site plan
or subdivision approval. In the event that the general development
plan approval is granted subject to conditions, the applicant shall,
within 45 days after receiving a copy of the written approval of the
Borough Planning Board, notify the Borough Planning Board of his acceptance
or his refusal to accept all said conditions.
[1]
In the event that the applicant agrees to all
modifications and conditions made a part of the approval of a general
development plan, the applicant and the Borough shall enter into a
municipal development agreement pursuant to N.J.S.A. 40:55D-45.21,
which shall specify the terms and conditions to be honored by both
parties to assure the implementation of the approved planned unit
development.
[2]
If the applicant refuses to accept all said
conditions, the Board shall be deemed to have denied general development
plan approval of the plan.
[3]
In the event that the applicant does not, within
said period, notify the Board of his acceptance or his refusal to
accept all such conditions of the general development plan approval,
and in the event that such lack of notice shall prevent the Board
and the applicant from mutually agreeing to a change in such conditions,
the Board, at the request of the applicant, may extend the time during
which the applicant shall notify the Board of his acceptance or refusal
to accept the conditions.