The standards and requirements of these subdivision
regulations may be modified by the Town Board in the case of a plan
and program for a new complete community or a neighborhood unit, which
may, in the judgment of the Town Board, provide adequate public spaces
and improvements for the circulation, recreation, light, air and service
needs of the tract when fully developed and populated and which also
provide such covenants or other legal provisions as will assure conformity
to and achievement of the final plan.
In granting waiver and modifications, the Town
Board may require such conditions as will, in its judgment, secure
substantially the objectives of the standards or requirements so waived
or modified.