Any plat, hereafter made, for each subdivision or each part thereof lying within the jurisdiction of this Title, shall be prepared, presented for approval, and recorded as herein prescribed. The regulations contained herein shall apply to the subdivision of a lot, tract or parcel of land into three (3) or more lots, tracts or other division of land for the purpose of sale or of building development, whether immediate or future, including the resubdivision or replatting of land or lots. Division of land in tracts larger than five (5) acres in area and three hundred feet (300') in width shall be exempt from the requirements of this Title. (Ord. 470, 2-18-1975)