Whenever 25% or more owners of property in any zone or the owners of 50 parcels of property in any zone, whichever number shall be less, shall present their signed petition to the Town Board requesting any amendment, supplement, alteration or change or repeal of the regulations prescribed for such zone or specified part thereof, it shall be the duty of the Town Board, after public notice and hearing upon such petition, to decide by a majority vote upon such request within 60 days after its filing with the Town Clerk. The provisions of the Town Law respecting such amendment, supplement, alteration, change or repeal with respect to the number of votes required by the Town Board to effect such amendment, supplement, alteration, change or repeal shall apply to this section and to any amendment of this Zoning Ordinance.