Purposes. It is recognized that the SPR encompasses a unique resource within the Village of Sleepy Hollow, containing both a significant opportunity for achievement of public amenities and a major potential for redevelopment. To provide an incentive which will further encourage the most appropriate use and development of the Village's various land holdings along with those of other government related in a manner designed to achieve adopted planning objectives and to further the policies and purposes of the Village's Comprehensive Plan and Local Waterfront Revitalization Program, the Village may allow, only by application for a special permit and following a public hearing held on notice duly given in the same manner as required by law for zoning amendments, an increased building bulk (i.e., floor area ratio and/or building height), relief from required setbacks, nonresidential uses on the upper floors of mixed-use buildings, and relief from parking and loading requirements.