Case 1, Option 2. I must be reading/interpreting this wrong. Provide parking for less than 3% of the FTE occupants?

So, if I have 100 FTE, I can only have 3 parking spaces?

And then 3% of those 3 spaces (or one space) would have to be reserved for carpools?

That makes such little sense that I am almost embarrassed to post this. I must be missing something.