At any time following approval of development plans, including the issuance of permits for any part thereof, the applicant may petition for review in detail of the previously approved plan, stating his reasons therefor. Such reasons may be based upon such considerations as, but not limited to, changing social or economic conditions, suggested improvements to layout or design features or unforseen difficulties or advantages, such as site conditions, state or federal projects or statutory changes, which may mutually affect the interests of the applicant and the Town. The Planning Board, upon finding that such petition and reasons are reasonable and valid, may reconsider the design of the planned unit development and shall follow, in full, the procedure and conditions herein required for original submittal.