Minimum lot size. If any property is proposed to be developed other
than with minimum lot sizes as set forth herein, whether said proposed
development is in the form of leasehold, condominium form of ownership,
common law condominium, land development or similar development procedures,
regardless of the form of ownership, the maximum density permitted
on any tract shall be no greater than the number of dwelling units
which would otherwise be permitted if the property were developed
in accordance with conventional minimum lot size development as set
forth in the preceding paragraph of this article. For example, if
a tract of land could be developed by the creation of minimum lot
size as set forth herein and if, pursuant to all the regulations of
this chapter, said tract would yield eight lots, then in that event
no more than eight dwelling units shall be permitted upon said tract
of land if the same were to be developed under a leasehold, land development,
condominium form of ownership, common law condominium form of ownership
or other development format.