Minimum Lot Area. The minimum lot area for each lot shall be five acres. However, the minimum lot area of the RC-1 Rural Conservation/Residential Zone shall be applied to a subdivision application deemed complete by the administrative officer prior to November 2, 1988, and coming for review before the Planning Board during March, 1989, at the time of the adoption of an ordinance amending the RC-2 zone standards and zone district map. The RR minimum lot standards shall be applied for purposes of a hearing and decision on such applications provided the applications were actively pursued by the applicant and reached a decision prior to October 1, 1989. Any such applications which were approved pursuant to this subsection shall receive the benefits of the effective preliminary approval as set forth in N.J.S.A. 40:55D-49, but any new applications shall be subject to the RC-2 Rural Conservation Residential standards.