The Planning Board shall approve, approve with conditions, or deny a master site development plan application based on the applicable review standards. An approval, including any approval of waivers from performance standards, establishes the general parameters to be adhered to for the development, including the supporting documentation for floor area and/or residential density, general types of uses, building coverage, generalize open space plans and infrastructure systems.
(1) A master site development plan approval shall not be construed as final authorization of the development. Approval shall confer pending proceeding status upon the development with the effect of maintaining the applicability of regulations in effect at the time of approval for as long as the master site development plan remains valid, including permissible extensions, if granted.
(2) Final approved master site development plan signing. The Planning Board must sign and date the plan to indicate that it is the master site development plan approved by the Board.