The Borough Council, by ordinance, may adopt or amend an Official Map of the Borough, to reflect the appropriate provisions of the Master Plan, or it may adopt such map inconsistent with the Master Plan only by affirmative vote of its full authorized membership, with reasons for so acting recorded in the minutes when adopting the Official Map. Prior to adoption, the Borough Council shall refer the proposed amendment to the Planning Board.

The Official Map shall be conclusive with respect to location and width of streets and public drainageways and location and extent of flood-control basins in public areas, whether improved or unimproved or in actual physical existence.

Time. The Board may reserve their location and extent as shown on the development plat for a period of one year after the approval of the final plat. Unless during such period or extension the Borough shall have entered into a contract to purchase or institute condemnation according to the law for the fee or lessor interests therein, the developer shall not be bound by such reservations shown on the plat and may use such land for private use in accordance with applicable development regulations. These provisions shall not apply to streets and roads, flood-control basins or public drainageways necessitated by the subdivision or land development and required for final approval.

Compensation. The developer shall be entitled to just compensation for actual loss found to be caused by such temporary reservation and deprivation of use. Unless a lesser amount has been mutually agreed upon, this amount shall be deemed to be the fair market value, including but not limited to consideration of real property taxes apportioned to the land reserved and prorated for the period of reservation. The developer shall be compensated for the reasonable increased cost of legal, engineering or professional services incurred in connection with obtaining subdivision or site plan approval caused by the reservation. The procedure by the Borough for payment of compensation shall be provided for by ordinance.