In case of any planned development, the Plan Commission may recommend and the City Council may authorize exceptions to the applicable bulk regulations of this chapter within the boundaries of such development, provided that the Plan Commission shall find:
(A) That such exception shall be solely for the purpose of promoting an integrated site plan no less beneficial to the residents or occupants of such development as well as of neighboring properties than would obtain under the bulk regulations of this chapter for buildings developed on separate zoning lots;
(B) That the overall bulk of buildings of the development shall not exceed that prescribed in this chapter for the district in which it is located;
(C) That the minimum lot area per dwelling unit requirements of this chapter shall be adhered to in any such development containing residential uses, and that there shall be available to each residential building and immediately adjacent thereto (including the land area upon which it is erected), the minimum amount of land area required for such building under the lot area per dwelling unit provisions of this chapter;
(D) That spacing between principal buildings shall be at least equivalent to such spacing as would be required between buildings similarly developed under the terms of this chapter on separate zoning lots, due consideration being given to the openness normally afforded by the intervening streets and alleys; and
(E) That along the periphery of such planned developments, yards shall be provided as required by the regulations of the district in which said development is located.
('71 Code, § 11-23-3) (Ord. 1413, passed 9-13-60)