1201.05 DIVISIONS OF LAND NOT SUBJECT TO THESE REGULATIONS.
   (a)   The subdivision of land whereby all parcels contain more than five (5) acres and new streets or easements of access are not involved.
 
   (b)   The exchange of parcels of land between adjoining land owners, whereby the original parcel is not reduced below the requirements of zoning or these regulations and a new building site is not created as defined by Section 1201.05(a) above.