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(a) A site plan, in accordance with the provisions of Division 59-D-3, for development in the overlay zone is required for:
(1) New construction,
(2) Any addition, reconstruction, or exterior alteration to a building that changes the gross floor area by more than 1,000 square feet,
(3) An expansion of a building by 1,000 square feet or less, that is subject to the provision of 59-C-18.216(b)(i),
(4) A waiver of more than 50 percent of the off-street parking requirements set forth in Division 59-E-3.7, and
(5) Conversion of an existing structure to residential use.
(b) For any addition, reconstruction, or alteration that changes a building by less than 1,000 square feet that is not subject to site plan review under 59-C-18.214(a)(3), there will be a review of the building permit by the Planning Board or its designee to determine compliance with master plan recommendations and the provisions of this overlay zone. If existing buildings are located on the site or on an adjacent property, then the minimum setback of the zone may be reduced by the applicant to conform to the existing setback on the site or on the adjacent property.