Application for a Planned Unit Development shall be made in duplicate on the form provided by the Township which shall be considered an application for tentative approval. The fee for such application shall be $5,000. Such application shall set forth the name of the applicant, address of the applicant, the location of the land proposed to be developed, the nature of the applicant's interest in the land, the density of land use to be allocated to various parts of the site, the location and size of any common open space, the form or organization proposed to own and maintain common open space, the use, approximate height, bulk and location of buildings or other structures, the proposed provision for disposition of storm and sanitary water, the substance of any covenants, grants, easements or any other restriction proposed to be imposed upon the land or buildings including easements for public utilities, the proposed provisions for parking, locations and widths of proposed streets and ways, modifications from existing ordinances governing streets or ways or land use being requested, the projected schedule for development and the approximate times when final approvals would be requested, a statement of why the public interest would be served by the proposed development, such statements to be supported by a detailed economic, social and physical study and wherein the proposed development would meet the objectives of the Planned Unit Development Act (1967) and this chapter. Application hereunder shall be considered a request to establish a Planned Unit Development District upon the lands so described.