Referral of Development Regulations to Planning Board. Before adopting, amending or revising any development regulation, the Township Committee shall refer the same to the Planning Board for a report and recommendation and shall review the Planning Board's report and recommendation when considering the adoption thereof. The Township Committee may disapprove or change any such recommendation only by a majority vote of its full authorized membership, and in such event it shall record in the minutes the reasons for not following the same. Failure of the Planning Board to transmit such report within 35 days after the Township Committee has made such referral shall relieve the Township Committee of the other requirements of this action.