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what we think. We look at this project, and we say, this looks like it's going to take eight years <br />to build, and we give `em eight years. Or, this looks like it's going to take ten years, we give <br />`em ten years. If it looks like it's going to be longer and larger, then we do what we were talking <br />abouta phased approach where we deal with the first phase. And, we have the applicant <br />submit that phasing plan, what they realistically think they can do within a time period. <br />REPLOGLE: How does the annual progress reports fit into all of this? You mentioned it a little <br />while ago when they didn't <br />DARROW: So, they're, they're placed as a condition to ordinances in permits on what we <br />consider larger projects, because we need to know where they are at in a given time period. On <br />the smaller projects, we're not, we don't want to bog ourselves down doing, you know, a ton of <br />that, right, but on larger ones, we do make that. And, so that helps us to understand every year <br />what sort of progress they've made with that project. So, when someone calls us and says hey <br />what's going on with this project, we can look back and say well it looks like they've got Plan <br />Approval and they are submitting for Building Permits or something. <br />Now, granted there are times that the applicant doesn't comply with that, right? And, we have to <br />kind of say, hey, you know, you haven't done your annual progress report for four years. And, <br />they'll come in, oh, here's our annual progress report for the last four years. It's unfortunate. <br />We don't have any type of consequence, but it makes us understand that that kind of situation in <br />these new changes will again show that these guys really aren't ready to go forward with their <br />project. <br />REPLOGLE: If they're not coming in with their annual progress— <br />DARROW: Right, because the progress report is probably going to say they didn't do <br />anything. You know what I mean? Because they're not really focused on their conditions and <br />doing what they should. <br />Now, I think that's the key that we're trying to get here is that if an applicant really isn't ready to <br />go forward with the project, why should the Planning Commissions be granting them approval to <br />go forward? And, that's where there's, the Land Use Commission. In sitting in with some of <br />their hearings, they require some sort of financial proof that they are able to proceed with the <br />project. Now, I don't know if we can go to that sort of extent, but it is something that we're <br />thinking of adding in the application that please provide information regarding your financial <br />ability to proceed with a project. <br />CLARKSON: Well, that's there's a Catch 22 there, because anything that requires financing, <br />you can't go to a lender and say please finance my project without having the permit to do it if <br />they say, and then if you say, well we're not going to give you the permit until you have a letter <br />from your lender <br />DARROW: Yeah <br />CLARKSON: then anything that needs financing is dead in the water. <br />EXHIBIT D <br />5 <br />