The ED Economic District includes all lands of the City of Linden Airport (Block 580, Lot 1) and other contiguous lots. All lots not owned by the City shall be regulated by this chapter as if zoned L-I. The use, development and other regulations for ED District shall be the standards and uses established by the Mayor and Council acting as the redevelopment agency pursuant to N.J.A.C. 40:55C-37. No change of plan, use or development regulations shall be permitted unless a public hearing by the Planning Board is held and the Mayor and Council thereafter review and approve the Planning Board decision on the plan. Such plan may encompass a portion or all of Block 580, Lot. 1.