If the approved development and/or use of the rezoned land does not occur within the time frame specified under § 154.367 of this code, then the land shall revert to its former zoning classification as set forth in the Michigan Zoning Enabling Act, Public Act 110 of 2006, § 405, being MCL 125.3405, as amended. The reversion process shall be initiated by the Village Council requesting that the Planning Commission proceed with consideration of rezoning of the land to its former zoning classification. The procedure for considering and making this reversionary rezoning shall thereafter be the same as applies to all other rezoning requests.