How much residential development is allowed here?

To provide adequate capacity to accommodate the City of Westlake Village’s share of regional housing needs, the North Business Park Specific Plan allows a maximum of 462 housing units along Lindero Canyon Road and 145 housing units on Corsa Avenue. These limits are superseded by the State’s Density Bonus Law when a residential development includes a certain amount of units that are affordable to lower income households.

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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?