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Implementation Regulations Growth Limitation Plan total allocation. Any unallocated square footage will be carried over to the next two -year cycle. No one project may exceed 75% of a two -year allocation pool. C. Council Approval Required Any commercial project which exceeds 50% of a two -year allocation requires approval by the City Council. IV. LIMITATION ON RESIDENTIAL DEVELOPMENT Future residential development must be consistent with the goals and policies in the General Plan and not exceed the capability of the City to provide services to accommodate the growth. A. Total Residential Growth Authorization A maximum of 2,550 dwelling units are permitted over the ten year life of the Plan (until August 31, 2005). B. Allocation of Residential Development Residential development will not be allocated according to development cycles, but will be reviewed on a first come, first served basis over the twelve year period. The residential cap will be reviewed every five years, concurrent with the State required Housing Element review process. V. ALLOCATION SYSTEM Development project applications will be accepted on a first come, first served basis. Applications for development will be evaluated against the following standards. A. Project- Specific Performance Standards Meet the project- specific performance standards for storm drainage, sewer, water and schools (see Appendix B, Table 2 -7). Where performance standards for water, sewer, school and storm drainage cannot be met, the applicant must submit a written estimate from the appropriate agency describing when, or under what circumstances, the standard can be met (see Appendix 8, Policy 1, Programs 1.1 and 1.2). If the standard cannot be achieved within the two -year commercial development cycle, or within two years from the date a residential development application is deemed complete, the City may process the application, but still withhold an allocation until the project is approved when it is demonstrated that the standard can be met.