MEMORANDUM AND ORDER
COPPLE, District Judge.
I. FACTS
The following facts are undisputed and are set forth in the Stipulation of Facts.
On December 30, 1983, Folsom Investments purchased a tract of land located within the corporate limits of the City of Scottsdale. At the date of purchase, the land was zoned R1-43 which allows construction of one single-family home per lot of 43,000 square feet.
On November 1, 1983, the Scottsdale...
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