Authorization is hereby granted to the Village Planning Board, pursuant to § 7-738 of the Village Law, to vary the zoning requirements of this policy simultaneously with the approval of any proposed residential development or subdivision plat within the Village subject to the purpose, standards, procedures and open space requirements set forth in Articles
XI and
XII of Chapter
153, Zoning, and Ch.
119, Village Site Plan Review. Consistent with the requirements of § 7-738 of the Village Law, the Village Board hereby requires the Village Planning Board to adopt rules and regulations which set forth the criteria pursuant to which such an application may be required.