The Planning Board is hereby authorized, pursuant to § 7-725-a of the Village Law, to review and approve, approve with modifications, or disapprove site plans for land uses and development within the Village as designated pursuant to and in accordance with the standards and procedures set forth in this chapter. The Village Board hereby further authorizes the Planning Board to, when reasonable; waive any requirement set forth in §§ 170-18, 170-19, 170-25, 170-26, 170-27 or 170-28 for the approval, approval with modifications or disapproval of site plans submitted for approval. Any such waiver, which shall be subject to appropriate conditions set forth in this article, may be exercised in the event that any such requirements are found not to be requisite in the interest of the public health, safety or general welfare or inappropriate to a particular site plan.