The Commission shall prepare and submit to the Board of Aldermen for and subject to its approval, a Comprehensive Plan for the physical development of the City, or portions thereof, and recommend modifications of the same from time to time as deemed in the City's best interest. The plan shall show the Plan Commission's recommendations for the physical development and uses of land, and may include, among other things, the general location, character and extent of streets and other public ways, grounds, places and spaces; the general location and extent of public utilities and terminals, whether publicly or privately owned, the acceptance, widening, removal, extension, relocation, narrowing, vacation, abandonment or change of use of any of the foregoing; and the general character, extent, and layout of the replanning of blighted and slum areas. The Commission shall further consider and report to the Board of Aldermen any suggestions or recommendations for changes or revisions to the Comprehensive Plan.