The Town Board may from time to time, on its own motion or on petition or on recommendation of the Town Planning Board, after proper public notice and public hearing, amend, supplement or repeal the regulations, provisions or boundaries of this chapter.

In the case of proposed amendment which involves the reclassification or transfer of any area from a zoning district to any other zoning district, the Town Board may require the petitioner to submit a development plan showing the extent, location and character of proposed uses and structures. The Town Board may require that such plan be modified to meet any objections raised at any public hearing thereon, or subsequent thereto, and may qualify its approval of any such amendment by attaching a special endorsement thereto. Thereafter, no building permit or certificate of zoning compliance shall be issued for any property within the area described by said amendment, except in accordance with the approved development plan and with all conditions and limitations placed thereon by the Town Board or in accordance with the zoning regulations applicable prior to said reclassification action. Unless application for a building permit for such special development is made within the time established by the Town Board and unless development of the area included in such development plan is commenced within the period so established, said approval shall be void, and the zoning classification shall be as it was when the petition for amendment was filed.