A Town Board decision. A Town Board decision approving or approving with modifications a proposed clustered subdivision shall establish the density of the parcel, the height of structures, the type of structure, the front, rear and side yard requirements, the width of lots, the percentage of lot covered, off-street parking and any other stipulations it deems appropriate, including an agreement on open space preservation and maintenance. The Town Board, as a condition of plat approval, may establish such conditions on the ownership, use and maintenance of park, recreation or other open space areas as it deems necessary to assure the preservation of such lands for their intended purposes and in accordance with the requirements of this Article. The Town Board site plan approval shall be valid for one year, except that the Town Board may, by resolution, grant an extension of time where, in its sole discretion, there appear to be extenuating circumstances warranting said extension.