If the applicant chooses to proceed with the project, he/she shall make formal application to the Town for the appropriate other approvals; subdivision, site plan, etc. The Planning Board shall receive these plans and review them in accordance with appropriate Town codes and requirements. The Planning Board can also receive input from the Highway Department, Water Department, Building Inspector, the applicable fire company, school district, law enforcement agency, Town Engineer, Sewer Superintendent (if applicable), and the comments of the neighboring landowners if any. Upon completion of its preliminary review, the Planning Board shall transmit the package to the Town Board along with its comments and any recommendation for approval, modification or rejection for the Town Board's approval, modification or rejection of the project. Upon receipt of the Planning Board's recommendation, the Town Board shall officially begin the SEQR process (coordinated review, if necessary) and any required county referral. The Town Board will also set and hold a public hearing on the proposed project. The Town Board, after completing the above-required SEQR process, shall either approve the preliminary business use permit for the multiple-dwellings project proposed, make modifications which will require the package to be returned to the Planning Board for further review and retransmittal to the Town Board, or reject the multiple-dwellings project proposed. In the event that the Town Board or the Planning Board elects or recommends rejection of the construction and/or conversion of said project in its entirety, then the reasons for the rejection shall be stated.