Within 45 days after receipt of the preliminary proposal, the Planning Board shall schedule a conference with the applicant to review the proposed planned development and environmental assessment. If the Planning Board determines that said proposal is in accordance with the general planning objectives for the area and the objectives of this § 270-32, the Planning Board and applicant shall jointly consider the conditions and specifications under which the proposal may be approved.

If agreement on preliminary conditions cannot be reached, the Planning Board may, at that time, recommend to the Town Board that the proposal not be approved. Such recommendation shall include a detailed explanation of the basis for the Planning Board's decision.