Whenever any application for development filed with the Planning Board shall include an application for approval of a variance pursuant to N.J.S.A. 40:55D-60, the Planning Board shall apply the same procedures and standards required by all applicable statutes and the West Long Branch Borough Zoning Ordinance to same. Unless the applicant consents to an extension, the Planning Board shall act within the time period specified in N.J.S.A. 40:55D-61.