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Within a reasonable time after the filing of a condominium application, the Planning Commission shall act thereof. If the Planning Commission finds that the proposed development complies with the requirements of this Title and that it is satisfied with the development plans, it shall recommend approval, or approval with conditions, of the application. If the Planning Commission finds that the proposed development does not meet the requirements of this Title, other applicable ordinances, or that it is not satisfied with the development plans, it shall recommend disapproval of such development.