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Major Subdivision Development PhasingV. Major Subdivision Application C. Development Phasing for Subdivision The Glacier Town Center is anticipated to be developed through five phases or preliminary plats, submitted separately from each other for review and approval. The five development phases have been graphically delineated in Exhibit J. The proposed phasing of the project is preliminary in nature, and will be subject to change based upon market forces. However, it is understood that at this time, the Applicant is requesting preliminary plat review for Phase 1. Given the explanation above, the five Preliminary Plats are anticipated to be developed according to the following implementation initiatives: 1. Preliminary Plat 1 The first development phase is anticipated to commence following preliminary plat approval. It is anticipated that this phase will be constructed in 2007-2009. This plat includes the development of the primary commercial portion of the project, known as the Glacier Lifestyle Center. All required infrastructure and utilities throughout the development will allow this plat to be self sufficient, also allowing multiple access points to the project. Adjacent open space will also be included as a part of this plat. It is anticipated that this plat will be able to be serviced by the Fire Department. 2. Preliminary Plat 2 The second development phase is anticipated to commence in 2010 and continue through 2013. The second phase will include a mix of commercial, residential and open space. The remaining interior and perimeter open space and infrastructure and utility extensions are anticipated to be included to service this plat. Preliminary Plat 3 The third development phase is anticipated to commence in 2014 and continue through 2015. The third phase is anticipated to include a mix of commercial, residential and open space. 4. Preliminary Plat 4 The fourth development phase is anticipated to commence in 2016 and continue through 2017. The fourth phase is anticipated to include a mix of commercial, residential and open space. Preliminary Plat 5 The fifth development phase is anticipated to commence in 2018 and continue through 2020. The fifth phase is an- ticipated to include a mix of commercial, residential and open space. Glacier Town CenterAnncaation, 25 PUD and Major Subdivision Preliminary Plat