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a. A habitable single family home has been constructed prior to July 13, <br />1992; or <br />b. There exists a habitable single family home constructed after July <br />13, 1992, and the creation of a new lot is needed to provide security <br />to a third party lending institution for owner financing of the existing <br />habitable single family home. <br />The following conditions shall apply to any lot created hereunder: <br />c. The new lot that has a minimum area of one acre contains an <br />existing habitable home, and <br />d. The balance of the property is ten (10) acres or more, and <br />e. The new lot that has a minimum area of one acre contains one acre <br />of contiguous buildable land, not including road right of way, <br />electrical transmission line easements or pipeline easements, and <br />f. Both the one -acre -minimum lot and lots made from the remaining <br />land must meet all minimum lot requirements and provide for <br />meeting setback and other structure requirements, and <br />g. <br />It can be demonstrated that all unsewered lots can accommodate <br />the proposed principal structure, onsite well if the public water <br />system is not available, and an onsite wastewater treatment system <br />including both a primary and secondary drain field area in <br />accordance with Minn. Stat. 7080 and other applicable requirements. <br />h. For lots created under 2.b herein, the applicant making a request for <br />a lot split based upon requirements of a lending institution shall <br />provide written verification from the lender of such requirements at <br />the time the application is filed. <br />i. For lots created under 2.b herein, the property owner shall record <br />with the Anoka County recorder a covenant that prohibits the transfer <br />of any lots created under this section unless the same is combined <br />into one parcel with the balance of the owner's property from which it <br />was split or in accordance with the provisions of Section 3, <br />Subdivision B.1. This requirement shall not apply to any conveyance <br />by a lending institution who has acquired title as a result of a <br />mortgage foreclosure. <br />3 Two family dwellings and multiple family dwellings are not allowable uses <br />upon unsewered lots. <br />