The Planning Commission shall consider the petition for amendment, supplement or change filed with it pursuant to Section 1266.03 and shall act upon the matter within sixty days from the date of filing of such petition, unless an extension of time for acting on such petition is mutually agreed upon by the Commission and the party presenting such petition, such extension not to exceed sixty days, for the sole purpose of obtaining reports from applicable planning commissions concerning such petition. The Commission shall consider the amendment, supplement or change referred to it by Council and shall act upon such matter as is provided by the City Charter within sixty days from the date of referral unless a different period of time is provided by Council. If the Commission fails to act within the time allotted, it shall be deemed to have approved such matter.
(Ord. 71-79. Passed 11-15-71.)