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Exhibit B-4 Draft Environmental Findings and Statement of Overriding Considerations PUD-33, Oak Grove Development/Lin Property September 4, 2007 INTRODUCTION The Oak Grove Planned Unit Development -PUD-33 - is a development on a 562-acre site located in southeast Pleasanton including 51 custom homes, a permanent open space component with local and regional trails and a staging area, and ancillary public improvements including public streets, stormwater treatment facilities, a municipal water tank, etc. The City of Pleasanton is the lead agency under the California Environmental Quality Act (CEQA) and has prepared an environmental impact report (EIR) for this project. Section 15091 of California Code of Regulations, Title 14, Chapter 3 (CEQA Guidelines) and Section 21081 of the Public Resources Code requires the lead agency to adopt findings for each potentially significant environmental impact disclosed in an EIR. Specifically, for each significant impact, the lead agency must make one or more of the following three findings: ^ Changes or alterations have been incorporated into the project to avoid or substantially lessen the significant environmental effects identified in the EIR; Such changes or alterations are within the responsibility and jurisdiction of another public agency and should be adopted by that agency; or ^ Specific economic, social, legal, technological, or other considerations make the mitigation measures or alternatives identified in the EIR infeasible. In addition to making a finding for each potentially significant impact, if the lead agency approves a project without mitigating all of the significant impacts, it must prepare a statement of overriding considerations, in which it balances the benefits of the project against the unavoidable environmental risks. The statement of overriding considerations must explain the social, economic, or other reasons for approving the project despite its environmental impacts (CEQA Guidelines § 15093, Public Resources Code § 21081). This document contains the findings and statement of overriding considerations for the approval of the Oak Grove Planned Unit Development project and reflects the City of Pleasanton's independent judgment. This document incorporates by reference the Oak Grove Planned Unit Development EIR. The EIR and other portions of the administrative record are available for review at: Page 1 of 43