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Ordinance 2008-013 C. Requested modifications to the provisions in section 1325.04 shall be stated in writing along with an explanation of why the modifications would be in the public interest and would be consistent with the purpose of the B-4 District. Subd.5 District Requirements. The requirements below are established for development of individual "lots" and for the overall development of "planned projects". "Lots" are individual parcels on which may be placed a single building (either single or multiple -occupancy). "Planned projects" are sites on which maybe placed (a) A single or multi -occupancy retail center; (b) Two or more free-standing, single or multiple -occu- pancy buildings; or (c) A combination of (a) and (b). A "retail center" is a single building housing either several retail outlets or a single retail outlet with several departments. In a "planned project" individual lots maybe created for separate buildings or parts of buildings but separate buildings are not required to be located on separate lots. To allow maximum development creativity and flexibility, regulations such as lot area, side and rear yard building and parking setbacks, Floor Area Ratio (F.A.R.), number of parking spaces, percent of landscape area, etc., may be modified for individual parcels and interior lot lines within a project. However, the regulations for these same items must be met for the total project area and exterior project lot lines. A. Minimum Lot Area Requirements: 1. Multiple -occupancy retail center: 5 acres 2. Free-standing, single or multiple -occupancy building: 2 Acres B. Maximum Bulk Requirements: 1. Height: 35 feet 2. Floor area ratio (F.A.R.): .30 3. Lot coverage by structure: 25% C. Minimum Landscaped Area: 25% D. Minimum Building Setbacks: 1. Front yard and exterior project lines: 50 ft 2. Side yard: 20 feet 3. Rear yard: 20 feet