In the event that the Planning Commission fails to approve or disapprove a final plat within 120 days from submission of the final plat, such plat shall be deemed to have been approved by the Commission, and a certificate to that effect shall be issued by the Commission and/or the seal of the Commission shall be affixed upon such final plat upon demand; provided however, that the applicant may waive this requirement and consent to the extension of such period. (Ord. 6-95. Passed 7-24-95.)