Amendments to this chapter may be made by the Town Board upon its own motion or by petition or upon recommendation of the Planning Board after public notice and public hearing. At least 10 days' notice of the time and place of such hearing shall be published in a newspaper designated by the Town Board and having general circulation within the Town.

In addition to the notice required by statute, the Town Clerk shall give notice of any application made under the provisions of this article by mailing, at least five days prior to the hearing upon such application, written notice of the substance of the application and the date, time and place of the hearing to all the owners of land which immediately adjoins the premises for which said application is made or which abuts the same street or streets as said premises and is within a distance of 300 feet, exclusive of street rights-of-way, of the exterior boundaries of said premises, as the names and addresses of said owners appear in the latest completed assessment roll of the Town. Failure to comply with this section shall not invalidate any action taken by the Town Board.

At the time of presentation of any petition of the chapter, there shall be paid to the Town Clerk the sum of $500 to defray the various costs and expenses of such amendment proceedings, and no petition shall be accepted without prepayment of such fee.

Every such proposed amendment or change, whether initiated by the Town Board or by petition, shall be referred to the Planning Board for report thereon before such public hearing.