Failure to act within said period shall be deemed to be a grant of tentative approval of the development plan as submitted. In the event, however, that tentative approval is granted subject to conditions, the landowner may, within 30 days after receiving a copy of the official written communication of Borough Council, notify Borough Council of his refusal to accept all said conditions, in which case Borough Council shall be deemed to have denied tentative approval of the development plan. In the event that the landowner does not, within said period, notify Borough Council of his refusal to accept all said conditions, tentative approval of the development plan, with all said conditions, shall stand as granted.