Such a lot, outlot or parcel may be divided into not more than two new lots, outlots or parcels upon application to and approval of the City Assessor. The fact of such division shall be noted upon the assessment roll and thereafter each separate parcel shall be considered to be a single lot, outlot or parcel for tax assessment purposes and all other purposes. No such division shall be permitted unless each separate parcel meets the minimum requirements of the Zoning Code, including the requirements as to width, area and open spaces. In those cases where water, sewer or other services have been installed within the plat by special assessment and the lot, outlot or parcel proposed to be divided has been assessed therefor, no division shall be permitted unless the applicant agrees, in writing, to pay into the special assessment district an additional amount to be determined by the assessor representing the increased share of the cost of the special assessment district which should be borne by said lot, outlot or parcel as the result of increased benefit received by said lot, outlot or parcel when divided into two separate lots, outlots or parcels.
('68 Code, § 6-1417) (Ord. 434, passed 1-24-73) Penalty, see § 154.99