Where at least 5% of any land parcel is located within a designated flood hazard area, as defined in Chapter 21 of the Revised General Ordinances of the Township of West Caldwell, an applicant may apply for density modification as a conditional use.

Such density modification shall apply only to permitted principal uses within the applicable zone district.

The land area within such flood hazard areas shall be determined as a percentage of the total land area of the parcel in question. The minimum requirements for lot area and lot width may then be reduced by the percentage as above determined, subject to a maximum overall and particular reduction of 15%.

All lands within the flood hazard area shall remain undeveloped in perpetuity, and may either be retained by the applicant or dedicated to the Township as public lands. If the applicant chooses to retain such lands, they shall be maintained in their natural state, and no land use whatsoever, other than passive recreation, shall be permitted. Dedication shall be subject to approval by the Township agency and acceptance by the Governing Body.

All other regulations herein related to the applicable zone district shall apply to lands developed under the terms of density modification. Nothing herein shall be construed to contravene the provisions of Subsection 20-20.2.