Anhydrous ammonia bulk storage plants shall not be installed within the limits of any municipality unless such anhydrous ammonia bulk storage plant is located within an industrial park or an industrial area serviced by a municipal fire department. The installation of any such bulk storage plant within the limits of a municipality the construction of which is begun after February 1, 1989, must be approved by the governing authorities of the municipality by ordinance duly spread upon the minutes of such municipality. No anhydrous ammonia bulk storage plant the construction of which is begun after July 1, 1995, shall be located within two hundred (200) feet from any residence, office, store or other regularly occupied building, except buildings occupied by the operator of the bulk storage plant. No anhydrous ammonia tank shall be erected within two hundred (200) feet from any residence, office, store or other regularly occupied building, except buildings occupied by the operator of the bulk storage plant. Such tanks shall be vented in accordance with the requirements of the Commissioner of Insurance.