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(YVATC A S S O C I A T E S I N C . 332 Site Description and Background The subject property is located at 1661 Pacific Avenue in Stockton, California near the southwest corner of Pacific Avenue and Walnut Street. The property contains one existing structure on the northeast portion of the parcel and the remaining property consists largely of a parking lot and asphalt surfaced areas. The structure was formerly used as a Bank of America branch office and is approximately 10,757 square feet in size. The structure is currently unoccupied, however two automatic teller machines (ATMs) continue to service bank customers. Property in the immediate vicinity of the subject site is residential and commercial land. Immediately west of the site are El Dorado Public School and a residential housing area. Immediately south of the site is El Dorado Public School. Further west and south of the site are residential neighborhoods. Immediately north of the site is a vacant lot (listed as 1665 Pacific Avenue) which was formerly occupied by a Unocal gasoline service station. Further north is Stockton Theater and additional residential property. Immediately east of the site is a commercial area with a residential area further east. In March 1998, ATC performed a Phase I Environmental Site Assessment (ESA) for the Property and the adjacent northern property for SUSD to evaluate the feasibility of title transfers. Historical databases searched during the ESA, including air photos, Sanborn Fire Insurance Maps, and Polk City Directories, indicated at least one commercial site previously existed on the southeastern portion of what is now the Bank of America property at 1661 Pacific Avenue. This portion of the subject property is identified in these databases as 1601 and/or 1603 Pacific Avenue. Polk's City Directory indicates A-1 Drive In Cleaners accommodated this site from as early as 1952 to at least 1966. Additionally, this site is listed as Carter Mary Paint Store in 1970. These businesses would be expected to use and/or store hazardous substances including chlorinated compounds. No information was available for review with respect to the storage, disposal, and house keeping practices associated with hazardous materials at this site. Additionally, the ESA revealed that the former Unocal site to the north of the Property has been adversely affected from on-site activities. Data collected during the ESA indicated soil and groundwater at the site has been impacted by leaking underground storage tanks used to store petroleum products at the site. Environmental investigations have been performed on the site however petroleum affected soil and/or groundwater did not appear to have been fully defined or mitigated to the satisfaction of local and State regulatory agencies. W A16962aEPORTSIW ORK_PLN.DOC 2