No resolution, ordinance, regulation, measure or order of Council concerning a matter as to which the Planning Commission has powers and duties, as provided in Section 10.03, shall become effective unless Council shall first have submitted the same to the Planning Commission for report and recommendation.
Any matter so referred to the Planning Commission shall be considered and acted upon by it within 60 days from the date of referral unless a longer time be authorized by Council.
If the Planning Commission shall fail to act within the time allotted, Council may act thereon as if it had received a recommendation of approval in such matters.