Why is residential development allowed here?

The State of California requires every city to adopt a General Plan and Zoning Ordinance that has capacity for new housing units to accommodate the city’s share of regional housing needs. As a fully built-out master planned community, the City of Westlake Village does not have any vacant land available for additional housing. The North Business Park area was identified as a suitable location for additional housing because of its older and underutilized office and industrial properties, and due to its location that would minimize the impact of new housing on the existing residential neighborhoods. The City Council included a residential development allotment in the North Business Park Specific Plan to satisfy the State’s mandate to accommodate regional housing needs.

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1. Why is residential development allowed here?
2. How much residential development is allowed here?
3. Why is the proposed project allowed to have more units than allowed by the Specific Plan? What is a density bonus?
4. Why is the proposed project taller than the Specific Plan allows? Does the project have to comply with the development standards in the Specific Plan?
5. Why is the State allowed to overrule the North Business Park Specific Plan?