An application to amend this title or map shall be submitted, in writing, to the planning commission for review and processing. The application must be filed twenty-two days prior to a planning commission meeting. The application shall be accompanied by a petition signed by the owners of all property within a three-hundred-foot radius of the perimeter of the property in question indicating, as to each owner, his or her approval or disapproval and indicating approval by a minimum of fifty percent of the owners of real property within a three-hundred-foot radius of the perimeter of the property affected. In addition, the area, which is to be the subject of the hearing, shall be posted for at least fifteen days prior to the hearing. The posted notices shall be in number, size and location as prescribed by the planning commission and shall state the present zoning classification, the proposed zoning classification, and the time and place of the public hearing on signs provided by the town. Notices shall be posted by the applicant and shall be removed by the applicant within fifteen days after the public hearing has been held. The applicant shall include a fee in the amount of one hundred dollars to cover advertising and processing costs.