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EXHIBIT I <br />CITY OF PLEASANTON <br />INITIAL STUDY AND PROPOSED NEGATIVE <br />DECLARATION <br />FOR PUD-74 <br />Juue 3, 2008 <br />An Initial Study has been prepared under the direction of the City of <br />Pleasanton Department of Planning and Community Development <br />regarding applications submitted by Ponderosa Homes II, Inc., for Planned <br />Unit Development (PUD) development plan to construct 110 detached <br />single-family homes for residents aged 55 years and older at the previously <br />reserved school facility option site located at 1 Reimers Drive in the <br />Ironwood Development. <br />Based upon the following Initial Study that evaluated the environmental <br />effects of the proposed project, the City of Pleasanton has found that the <br />proposed project would not have a significant effect on the environment. <br />The City of Pleasanton has concluded, therefore, that it is not necessary to <br />prepare an Environmental Impact Report for this project. <br />