Removes the minimum lot size requirement of 1,200 square feet per residential unit in the Office Limited (OL) zoning district.
Additional regulations:
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1.5 parking spaces required per unit
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0.6 Floor Area Ratio (FAR)
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45 foot Maximum Building Height
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20 foot front setback
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5 foot side setbacks (each side)
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20 foot rear setback
Example: Construction of a new multi-family building on a 6,000 square foot lot
Existing regulations: A 5 unit building (6,000/1,200 = 5) could be built with 8 off-street parking spaces (5 x 1.5 = 7.5). It can be up to 45 feet tall, set back 20 feet from the front property line, set back 5 feet from side property lines, and 20 feet from the rear property line. The amount of floor area can be no more than 60% if the lot. 
Proposed regulations: A 12 unit building could be built with 8 off-street parking spaces (5 x 1.5 = 7.5). It can be up to 45 feet tall, set back 20 feet from the front property line, set back 5 feet from side property lines, and 20 feet from the rear property line. The amount of floor area can be no more than 60% if the lot.
Differences: The 1,200 square foot per unit lot requirement does not apply, so more units could be built on this lot, as long as they meet the other requirements.