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(b) For a project 40 to sixty nine(40 69)units in size—a maximum of 25 building permits per year. (c) For a project of less than 40 units—a maximum of 20 building permits per year. The size of the"project" shall be established based on the number of units included in the discretionary approval for the project, regardless of the number of preexisting lots it includes; any subdivision after the effective date hereof shall not create separate parcels for purposes of creating discrete "projects." (2) Notwithstanding the limitations established above, use by a project developer of any units remaining in the first-come, first-served suballocation on December 1st or added to the first-come, first-served allocation pursuant to subsections(C)(1)(c)and (C)(l)(d)of this section shall not be limited by the annual project limitations established in subsection(C)(2)(b)(1)of this section. c. Small Project Applicants. Projects eligible to use the 15 unit small project set- aside are eligible to use the first-come, first-served suballocation as follows: (I) From January 1st through March 31st, small project applicants shall use the regular first-come, first-served suballocation. (2) From April 1st through November 30th, small project applicants shall use, first, the regular first-come, first-served suballocation, if available, and, then, if not available, shall use any available small project set-aside units. (3) After December 1st, small project applicants shall use the regular first- come, first-served suballocation. d. Proration of Project Permits, Generally. The first-come, first-served suballocation is intended to be made available to developers in chronological order as building permits are ready to be issued. However, in certain instances when the demand for permits is known to exceed the number of permits available,the city shall prorate the available permits. Should the proration yield units in excess of those available due to rounding, the city shall reduce the total to equal the units available in any manner it finds equitable. (I) Prior to the Beginning of Any Calendar Year. If, prior to January 1st of any year, the city has processed building permit applications seeking the next year's first-come, first-served suballocation which, in the aggregate, exceed the annual suballocation less the small project set-aside, the city shall prorate the permits to developers seeking permits. (a) First Priority. Permits shall be issued first to first-come, first-served projects which were under construction in the prior year and secured permits for, or attempted to secure permits for, all units it was qualified to be issued permits for during that year. (b) Second Priority. Permits shall be issued second to all projects eligible to apply for the available permits. Each project's pro rata share of the available suballocation shall be the percentage derived by the permits sought by the project(subject to the project limitations established herein)divided by all permits sought(subject to the same size limitations).