A. Following review and approval of the sending site application, the Department shall issue a Letter of Intent for the proposed sending site conservation easement.

B. The Letter of Intent shall contain a determination of the number of development rights calculated for the sending site pursuant to PCC 18G.10.090, Development Rights.

C. A Letter of Intent may be used to market development rights to potential buyers, but the Letter of Intent shall have no value and cannot be transferred or used to obtain increased development rights within receiving areas.

D. A Letter of Intent shall be valid for two years. The County may require additional review and fees if more than two years elapses between the issuance of the Letter and the submittal of documents associated with the conservation easement.