A map prepared pursuant to this chapter shall be referred to as a “Finance Map,” may be submitted under any of the following circumstances:
(A) The land to be subdivided is, at the time of submittal, developed in accordance with an approved and valid land use entitlement or permit; or
(B) The land to be subdivided is not developed and will be used for non-residential purposes; or
(C) The land to be subdivided is not developed, is located within a previously approved specific plan or tentative map and will be used for residential purposes. Development of the land shall be consistent with the previously approved specific plan or tentative map or with a future subdivision map, as well as with any other land use entitlement or permit that may be required for the development.
Land subdivided pursuant to divisions (A) or (B) of this section shall be subject to a future subdivision map or land use entitlement or permit prior to any development. A finance map shall not be considered to be a vesting map.
(Ord. 2019-286, passed 11-20-2019; Am. Ord. 2019-291, passed 12-18-2019)