Subdivision of PMD tract. A PMD tract may, for purposes of dedication, the creation of public roads and rights-of-way, sale, lease, mortgage, or other disposition or financing, be subdivided or re-subdivided, converted to condominium or cooperative ownership, or otherwise divided into lots, parcels, tracts, or Development Modules, and may be sold, leased, mortgaged, or otherwise alienated or encumbered, without regard to any minimum lot area or to any other dimensional or bulk requirement or development control set forth in this §
43-45 or elsewhere in the Zoning Ordinance, and any such action shall not be deemed to constitute or to create a "Subdivision" as that term is defined is §
46-1 of the City of Yonkers Code provided, however, that all lots, parcels, tracts, or Development Modules so created shall be developed and used only in accordance with the CDP for such PMD tract or, if final site plan approval has been granted with respect to a PMD tract, in accordance with such approved site plan. Upon application to the Tax Assessor of the City of Yonkers by the owner, lessee, or mortgagee of a lot, parcel, tract, or Development Module (including, without limitation, a condominium unit) created pursuant to this Subsection
I, the Tax Assessor shall assign tax lot designations to any and all lots, parcels, tracts, or Development Modules created pursuant hereto, notwithstanding that such lots, parcels, tracts, or Development Modules may not otherwise meet dimensional or bulk requirements or development controls provided in any law, ordinance, rule or regulation of the City of Yonkers.