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Minimum density shall be determined by:

(1) Multiplying the base density (dwelling units/acre) as set forth in CMC 18.30.030(A) by the net buildable area of the project site; and then

(2) Multiplying the resulting product by the minimum density percentage set forth in CMC 18.30.030(A) or as adjusted pursuant to the provisions of CMC 18.30.100. (Ord. 42-02 § 2 (21A.12.085))