Within 62 days after receiving the complete final site plan and application for approval, the Planning Board shall approve or disapprove the final site plan.

The prescribed time period for Planning Board action may be extended with the mutual agreement of the Planning Board and the applicant or if other reviews, referrals, submittals or notifications required under federal, state or local laws or regulations have not been completed.

If no decision is made within the prescribed time period or extensions thereto, the final site plan shall be considered approved as submitted.

If the final site plan is disapproved, the Planning Board shall present the reasons for disapproval, in writing, to the applicant and for the public record. Such disapproval shall be indicated on a form as prescribed by the Planning Board.

Upon Planning Board approval of the final site plan and payment by the applicant to the Village of all fees and reimbursable costs, the Planning Board shall forward one copy of the final site plan with its approval to the Code Enforcement Officer. The Planning Board shall indicate its approval in writing.