An ordinance to amend the Code of the Borough of Red Bank, New Jersey, reestablishing a Planning Board and a Zoning Board of Adjustment pursuant to the provisions of Chapter 291, Laws of New Jersey, 1975 (N.J.S.A. 40:55D-1 et seq.); providing for the powers and duties of the Boards; fixing the procedures and standards governing development review applications to the Boards and appeals therefrom; and providing for the adoption of planning and development regulations.