Moratorium on Applications for Alteration or Demolition During Pendency of Designation Action. No application for a permit to construct, alter, or demolish a structure or other feature of a proposed landmark or property location, filed subsequent to the date that an application has been filed or a resolution proposed to initiate designation of the proposed landmark shall be approved by the administrative officer or other municipal agency without review by the Commission of such application and the granting of a C/A. Commission review of such application shall be conducted as if the property related to such application had already been designated as a landmark property, and thereby are subject to the same criteria, standard and procedures which govern similar applications concerning properties designated as landmarks. After the expiration of forty-five (45) days from the date of the initial filing of the designation proposal with the Commission, the permit application may be approved without Commission review, in accordance with the relevant provisions of the Municipal Code of the Township, if the Commission has failed to act on the designation proposal. Commission action on the designation proposal is expressly differentiated from a final designation by the Township Council.