The Township Committee shall consider the report of the Planning Board, and if satisfied that the best interests of the Township are assured, it shall, within 45 days from receipt of the Planning Board report, direct the issuance of a sand and gravel extraction permit. Alternatively, if the Township Committee does not expressly disapprove a favorable report of the Planning Board within 45 days after its receipt, then this shall be deemed to be and shall be a direction to issue the permit.