Approval. No street or other public facility, nor any public utility, whether publicly or privately owned, shall be authorized, located or constructed in the municipality, or shall be accepted, widened, removed, extended, relocated, narrowed, vacated, abandoned, changed, and no land shall be acquired for sale or lease of any street or other public facility until the location, extent and character thereof has been submitted to and approved by the Planning and Zoning Commission. Such street, utility or public facility authorization, location or construction shall be consistent with the Comprehensive Plan. If such street, utility or public facility is not depicted in the Comprehensive Plan, the major street plan or a capital improvements program, then such Comprehensive Plan, major street plan or capital improvements program shall first be amended before any activity described in this Section may be commenced. The failure of the Planning and Zoning Commission to act or seek amendment of the Comprehensive Plan, major street plan or capital improvements program within sixty (60) days after the date of official submission to it shall be deemed approval.