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For the purpose of approval of condominium developments, the provisions of this title regarding short subdivisions and full subdivisions shall not apply if:

A. A land division is proposed as a condominium and does not result in the subdivision of land into separately owned lots in accordance with the definition for short or full subdivisions, but subjects a portion of a lot, tract, or parcel to Chapter 64.34 RCW (“Condominium Act”) subsequent to the recording of a binding site plan for all such land;

B. The improvements constructed or to be constructed thereon are required by the provisions of the binding site plan proposed for a condominium project;

C. The City of Kettle Falls has approved a binding site plan for all such land; and

D. The binding site plan contains thereon the following statement: All development and use of the land described herein shall be in accordance with this binding site plan, as it may be amended with the approval of the City of Kettle Falls, and in accordance with such other government permits, approvals, regulations, requirements, and restrictions that may be imposed upon such land and the development and use thereof. Upon completion, the improvements on the land shall be included in one or more condominiums or owned by an association or other legal entity in which the owners of units therein or their owners’ associations have a membership or other legal or beneficial interest. This binding site plan shall be binding upon all persons, businesses, corporations, partnerships or other entities now or hereafter having any interest in the land described herein.