In the changing of zone classification to a designation of residential planned development, hereafter also referred to as RPD, the Planning Commission and City Council shall set forth for each parcel or lot of land in the RPD Zone, the minimum lot area to be applied, in the event the property is developed in a conventional R-1 manner as opposed to a residential planned development. This designation shall conform to one of the R-1 minimum lot areas of this code, i.e., R-1 (7200), R-1 (8500), R-1 (10,000), R-1 (15,000) or R-1 (20,000). In the event property is thereafter developed in a conventional manner, the development shall conform to the same limitations and conditions of the R-1 lot area.