Approval without a plat of a minor subdivision may be granted by the Village Planning Commission if the proposed division of a parcel of land meets all of the following conditions:
(a) The proposed subdivision is located along an existing public street or road and involves no opening, widening or extension of any street or road.
(b) No more than five (5) lots are involved after the original parcel has been completely subdivided.
(c) The proposed subdivision is not contrary to applicable subdivision or zoning regulations.
(d) The property has been surveyed and a sketch and legal description along with the conveyance or other legal instrument is submitted.
If approval is given under these provisions, the designated representative of the Village Planning Commission shall, within seven (7) working days after submission, approve such proposed division and, upon presentation of a conveyance for such parcel, shall stamp "Approved by Richwood Village Planning Commission, no plat required," and the designated representative of the Commission shall sign the conveyance.