Whenever any subdivision or resubdivision is proposed to be made
and before any streets are constructed or contract for sale or an
offer to sell any lot in such subdivision or resubdivision shall have
been negotiated, and before any permit for the erection of a structure
shall be granted, the subdividing owner or agent shall apply, in writing,
on the form prescribed, to the Planning and Zoning Commission for
approval of such subdivision or resubdivision. After said subdivision
or resubdivision has been approved and/or recorded, the subject tract
shall not be further divided into one or more building lots without
the prior resubdivision approval of this Commission.