The purpose of this section shall be to provide rules, regulations and standards on applications for development pursuant to § 28-7, Land Subdivision, and § 28-10, Zoning, of the this chapter for off-tract and off-site improvements necessary to conserve and promote the public health, safety, convenience, morals and general welfare of the present and future residents of the Borough. It shall be administered to promote the orderly and planned growth of Borough services and assets occasioned by proposed development for the benefit of the residents of the Borough of Allentown.