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5E; City Manager announced that copies cf the Five Year Capital. Improvement Program had been unavoidably slightly delayed in printing process but were expected to be delivered by City Controller before end of the meeting . He advised copies were being submitted for Council ' s study prior to the Council ' s adjourned regular meeting scheduled for June 17th , 8 : 00 a . m . , Veterans Memorial Building . He noted copies were also being distributed to the City ' s Boards and Commissions and other interested civic groups in the community for their review prior to the meeting scheduled for Saturday . ( City Controller presented the copies of the proposed Five Year Capital Improvement Program at 8 : 45 p . m . ) COMMUNITY PROGRESS REPORT City Manager read in full the report which had been submitted to Council for bene - fit of those present . Community Development - Total of 75 new building permits were issued during May , comprising two office buildings on 303 and 333 Bradford ; service station , 1510 El Camino ; 110 unit apartment complex , 707 Leahy Street ; triplex , 1364 Valota Road ; duplex , l442 Kentfield , for a total value of new construction in May for 32 , 405 , 452 . Also noted 4o permits were renewed by American Housing Guild and 33 dwellings completed in Redwood Shores . Mobil Oil Estates reported to be still vigorously pursuing its studies on the acquisition of Redwood Shores , with City staff having had numerous recent meetings on questions relating to bonds , assessments , taxes , types of possible developments and improvements , etc , Other information sub - mitted previously dealt with information as to cost benefits , indicating an annual operating cost of $ 173 , 000 versus ad valorem taxes of $180 , 000 . When City overhead , exclusive of GID 1 - 64 , are included with the expenditures , cost approximates property tax revenues . Parks and Recreation - Renovation of the T"4 er " field was noted to be 95% complete . Anticipating further improvement in. Red Morton Park , the City has obtained excess dirt from the Hetch -Hetchy projects and will be spreading some 5 - 10 thousand yards of fill along the recently completed storm drain . Skylawn Cemetery has returned the maintenance of Union Cemetery to the City , which will cause additional maintenance work for the Division of Parks . The catwalk for the Marina is being constructed and should be Installed by the end of the month . It was also noted the Department of Buildings and Trans - portation has completed the remodeling of the Recreation Center and the construction of the Stafford Park comfort stations . Personnel - Redwood City to be participating in the federally funded Neighborhood Youth Corps program this summer with sixteen resident youths 6 - 12 -72