Streetlights shall be of a type approved by resolution of the Township Committee and by the electric utility company serving the proposed development installed on poles 30 feet in height and approved by the Township Planning Board and located so as to provide a minimum lighting level of 0.5 horizontal footcandle on all local, local collector and minor collector streets and one horizontal footcandle on all major collector, minor arterial and principal arterial streets. The developer shall pay the full cost for initial installation of any streetlights and, in accordance with § 348-7.6H herein, the operation and maintenance costs until such time as the municipality assumes payment for the operation and maintenance costs of such streetlighting.