3.6.9 Alternative Subdivision for Financing Purposes
For purposes of financing or refinancing development, it is sometimes necessary to subdivide a previously approved development complex (including but not limited to a shopping center, an office or industrial park, or a housing complex) originally located on a single parcel into two or more lots, where a subdivision would vary dimensional, parking, or landscaping requirements of this Ordinance. The Planning Director or designee is authorized to permit such subdivision to occur subject to the following criteria:
A. A valid, approved site plan exists for the overall complex;
B. The complex, in its entirety, satisfies all Ordinance requirements; and
C. Each final plat created contains a note stating that the owners acknowledge that the individual parcel is a part of the named development complex, and that deeds of easement, restrictive covenants, and/or other legal documents necessary for the perpetual functioning of the development complex shall be executed and recorded with the final plat.