At the first meeting of the Planning Commission after a copy of the final plat, together with the Engineer's certificate and the approval of the Village Administrator has been received by the Commission, the Commission shall approve the final plat and the Chairman of the Commission shall endorse such approval on the plat. Failure of the Commission to approve or disapprove the plat within the time fixed or such further time as the applying party may agree to, shall constitute approval of the plat, and the certificate of the secretary of the Commission as to the date of submission of the plat for approval and the failure to take action thereon shall be issued on demand and shall be sufficient in lieu of the written endorsement of approval. If the Commission disapproves the final plat, it shall enter in its minutes the reason for such disapproval.
(Ord. 1973-10. Passed 1-8-74.)