Coyote Valley Credits Program
Peninsula Open Space Trust (POST) and it's conservation partners have established a joint conservation vision for the Coyote Valley (Morgan Hill, CA), to protect and enhance the valley's important habitat and invaluable natural infrastructure functions by preserving open space in the valley. To help implement this vision, POST seeks to develop strategies to provide incentives to private landowners in the Coyote Valley to dedicate their properties to conservation, and to encourage the development of land use policies supportive of its conservation vision. The City of San Jose is currently considering the establishment of a Coyote Valley Credits Program ("CVCP") under which landowners in Coyote Valley, in return for providing conservation or other environmental benefits on their property, would receive credits that could be purchased by developers in urbanized areas within the City and used for mitigation and / or development incentives. CBI is part of an expert team assembled by POST to assist the City in defining a feasible credits program. The project team will identify, describe, evaluate and refine several potential CVCP scenarios for the City's consideration, and to quantify and document the economic and environmental performance of each. CBI will provide the spatial data management and analytics needed to identify and describe the ecological values for the Coyote Valley study area.
Work completed over the next six months will define a feasible credits Coyote Valley Credits Program (CVCP) for consideration by the Planning Commission and City Council. This program was described in the October 29, 2020 San Jose General Plan 4 Year Review Task Force Memo which states that “Explore a credits program inparallel with proposed land use designation changes to support further conservation actions in Coyote Valley and facilitate development in urbanized areas of San Jose. Under such a program, landowners in Coyote Valley could receive credits and compensation for environmental benefits. In exchange developers in urbanized areas within the City could purchase the credits in return for mitigation and/or development incentives”.