Application Procedure. The applicant shall submit a general development plan for the entire tract. The general development plan shall set forth the amount of nonresidential floor space and the floor area ratio for the industrial park development in its entirety, according to a schedule which sets forth the sequence of construction of the various sections of the development. Subject to the provisions hereof and of other applicable law, the development shall be developed in accordance with the general development plan approved by the Planning Board, notwithstanding any provision of N.J.S.A. 40:55D-45.2, or an ordinance or regulation adopted pursuant thereto after the effective date of the approval. The applicant shall file an application form for a general development plan and pay applicable fees as set forth in the subdivision and site plan ordinance of Edison Township. The application submission shall conform to paragraph b2 below.
In making its determination regarding duration of the effect of approval of the general development plan, the Planning Board shall consider the amount of nonresidential floor area to be constructed, prevailing economic conditions, the timing schedule to be followed in completing the development and the likelihood of its fulfillment, the developer's capability of completing the proposed development and the contents of the general development plan and any conditions which the Planning Board attaches to the approval thereof.
The term of the effect of the general development plan approval shall be determined by the Planning Board using the guidelines set forth in this subsection, except that the term of the effect of the approval shall not exceed twenty (20) years from the date upon which the developer receives final approval of the first section of the development. Upon the expiration of the initial term and for good cause, the Planning Board may grant extensions of the term up to the maximum term permitted by N.J.S.A. 40:55D-39.