Planning Board report. The Planning Board may recommend approval, approval with conditions, or disapproval of the proposed rezoning. In preparing its report, the Planning Board shall take into account the recommendations of the Southold Town Farm and Farmland Protection Strategy, adopted as policy by a Town Board resolution of January 18, 2000, and supporting documents; the recommendations of the Land Preservation Committee; the studies contained in the Town's comprehensive planning efforts and initiatives; the existing characteristics of the property and the surrounding properties; the environmental, social, physical, aesthetic, economic and cultural aspects of the property and its surroundings; and such other factors as may be necessary to carry out the purposes of this article and this chapter. The Planning Board's report shall provide detailed reasons for its recommendation.