A Precise Plan is required in order to protect the public health, safety and welfare and to promote the general comfort and convenience. The provisions of this Chapter pertaining to lot area, lot area per dwelling, lot coverage, front, side and rear yard, and distance between buildings shall not be applicable to any PD Zone in which a Precise Plan has been approved by the City Planning Commission and City Council providing precisely for the location of buildings, yards, open spaces, streets and other facilities in such a manner as to protect and promote the public health, safety, welfare, comfort and convenience as well or better than that provided by the rigid application of the zoning regulations of this Chapter to property otherwise zoned for residential use.