The provisions in this subchapter shall apply to land splits or division of improved or unimproved land into two or three tracts or parcels for the purpose of financing, sale or lease, whether immediate or future, if at least one of the following conditions are proposed:
(A) The property to be split is less than two-and-one-half acres;
(B) A new street is involved; or
(C) The boundaries of such property have been fixed by a recorded plat.
(Ord. 466, passed 2-22-96)