(A) General. A subdivider may designate as a remainder lot the portion of a subdivision which is not divided for the purpose of sale, lease, or financing. A designated remainder lot is not counted as a lot for the purpose of determining whether a parcel map or subdivision map is required.
(B) Construction of improvements. For a designated remainder lot, the fulfillment of construction requirements for improvements is not required until:
(1) A permit or other grant of approval for development of the remainder lot is issued by the city;
(2) The construction of the improvements is required under an agreement between the subdivider and the city; or
(3) The city makes a finding that fulfillment of the construction requirements is necessary for reasons of:
(a) The public health and safety; or
(b) The required construction is a necessary prerequisite to the orderly development of the surrounding area.
(C) Agreement for deferred improvements. When fulfillment of the construction requirements is to be delayed, the subdivider shall record, with the City Engineer's approval, an agreement with the city, stating:
(1) What the required improvements are; and
(2) That the subdivider or a successor owner is required to complete them all before the city will grant a permit or other approval for development.
(D) Sale of remainder lots. If a designated remainder lot is subsequently sold, the city may require the subdivider or the owner to obtain a certificate of compliance or conditional certificate of compliance in compliance with § 8.24.100.
(Ord. 15-12, passed 12-15-2015)