Failure to so act within said sixty-day period shall be deemed to be a grant of tentative approval of the development plan as submitted. In the event, however, that tentative approval is granted subject to conditions, the landowner may, within 30 days after receiving a copy of the official written communication of the Planning Commission, notify such Planning Commission of his refusal to accept all said conditions, in which case the Planning Commission shall be deemed to have denied tentative approval of the development plan. In the event the landowner does not, within said period, notify the Planning Commission of his refusal to accept all said conditions, tentative approval of the development plan, with all said conditions, shall stand as granted.