The notice of intention specified in Section 11010 is not required for a proposed offering of subdivided land that satisfies all of the following criteria:
or unit of the subdivision will be sold or offered for sale improved with a completed residential structure and with all other improvements completed that are necessary to occupancy or with financial arrangements determined to be adequate by the city to ensure completion of the improvements. A lot, parcel, or unit shall satisfy the requirement that it be improved with a completed residential structure if it is improved with a completed residential structure at the time it is conveyed by the subdivider.
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Other sections in Article 2 - Investigation, Regulation and Report