The senior citizen-handicapped overlay district is established to provide for development of land for senior citizen housing and housing for the handicapped pursuant to standards which reflect the unique character of senior citizen or handicapped persons` residential occupancy. The intent is to encourage the developer to build housing for senior citizens and handicapped by waiving parking and density standards to allow for more units on the site. Any parcel classified as SC-H shall retain its existing, underlying classification and may be developed and used either pursuant to regulations pertaining to such underlying classification or, when authorized by a special use permit, pursuant to regulations pertaining to the senior citizen district. (Ord. 89-1 § 1, 1989.)