An application for preliminary plan approval
of a planned unit development shall require a public hearing. When
a hearing date has been set by the Joint Planning Board, the applicant
shall notify by registered or certified mail, at least 10 days prior
to the hearing, all property owners within 200 feet of the extreme
limits of the proposed planned development area. Said notice shall
state the date, time and place of hearing and that a brief description
of the proposed development has been filed with the Township Clerk
for public inspection. The applicant shall furnish proof of notification
to the Joint Planning Board at the time of the hearing. All notice
and publication requirements of the Municipal Land Use Law (N.J.S.A.
40:55D-1 et seq.) shall apply.
Before final approval of a planned development,
the Township shall require, in accordance with the standards and provisions
of Part 8 (Subdivision of Land) and Part 6 (Site Plan Review) the
furnishing of a performance guaranty for all of the proposed improvements
as provided thereby. A maintenance guarantee shall also be required
prior to the release of such bonds.