Make, adopt, and from time to time, amend, a master plan for the physical development of the Borough, including any areas outside its boundaries which, in the board's judgment, bear essential relation to the planning of the Borough.

Exercise subdivision control, site plan review and conditional use approval.

Participate in the preparation and review of programs or plans required by state or federal law or regulation.

Assemble data on a continuing basis as part of a continuous planning process.

Annually, prepare a program of municipal capital improvements projects projected over a term of six years and amendments thereto and recommend same to the Borough Council.

Consider and make report to the Borough Council within 35 days after referral as to any proposed development regulation submitted to it and also pass upon other matters specifically referred to the Planning Board by the Borough Council.

The Planning Board shall have such other powers as prescribed by law, including, but not limited to, the power to grant the following variances, to the same extent and subject to the same restrictions as the Zoning Board of Adjustment, when the Planning Board is reviewing applications for approval of subdivision plans, site plans or conditional uses.