The advisory agency may waive the requirement for a parcel map in any case where the proposed subdivision is a division into four or fewer parcels, and:

(1) Where the land being divided consists of a lot or parcel shown on a recorded parcel map or final subdivision map or a legally created parcel and the full street improvements have been constructed and monumentation is evident; or

(2) Where each has a gross area of forty acres or more or each of which is a quarter-quarter section or larger. (Ord. No. 1305, (part).)