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F. Density. To calculate the base density for a given <br /> tract: <br /> i. Determine the Eligible Land (See definition) . <br /> ii. In the R1-a zoning district, divide the eligible <br /> land by 2. 5 then multiply by 1. 15 to determine the <br /> number of lots. <br /> Example: <br /> Eligible land area: 24 acres <br /> Zoning district density: 2.5 acres <br /> OSP density: (24 / 2 .5) x 1 . 15 = 11. 04, <br /> or 11 lots <br /> iii. In the A-1 zoning district divide the eligible <br /> land by 10 and multiply by 2 . 15 to determine the <br /> number of lots. <br /> Example: <br /> Eligible land area: 42 acres <br /> Zoning district density: 10 acres <br /> OSP density: (42 / 10) x 2 . 15 = <br /> 9. 03, or 9 lots <br /> iv. Density bonuses. At the discretion of the City <br /> Council, density bonuses may be permitted which allow <br /> projects to be developed at a density greater than <br /> otherwise allowed provided that one or more of the <br /> following standards are complied with. Each standard <br /> provides an additional density increase above the <br /> allowed zoning district density with a maximum density <br /> increase of 40% above the allowed zoning district base <br /> density. <br /> Example: <br /> Ria District eligible land area - 24 acres <br /> Density bonus: (24/2. 5) x . 05 = . 48 <br /> Each 5% bonus = . 48 lots <br /> Al District eligible land area - 42 acres <br /> Density bonus: (42/10) x .05 = .21 <br /> Each 5% bonus = .21 lots <br /> a. Creating an endowment to the land trust or <br /> homeowners association where the principal would <br /> generate sufficient annual interest to cover the <br /> conservation easement holder' s yearly costs (5% <br /> 410 bonus) . <br />