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4n he firmly believed that by proper design of a building and foundation , an earth - quake would produce less damage in Redwood Shores than in sections of Redwood City where the most recent construction criteria have not been met . He thanked the Council for expressing its sense of urgency and suggests that such means as are currently available through the engineering fraternity to determine criteria for residential and personal safety be pursued in order that Redwood Shores can move ahead and be - come a credit to the community . Mr . Henry Bostwick , Jr . , Vice President and General Manager of San Mateo County Development Association , advised his organization is charged with the responsibility of providing the capital for investments coming into the community . He advised of his previous service on the San Francisco Bay Conservation Study Commission , through which he was acquainted with ecological and geological concern in the area . He discussed the economic aspects , noting that economic growth doesn ' t just happen but is the result of risk-taking by responsible people willing to invest money in a community , and felt current situation is one that can and should be speedily resolved . He noted also earlier reference to the impact on the building trade , and added that population can be expected to continue to grow , and must be planned for , in homes and in employment . Finally , he added , people at the local level should have something to say where they are directly concerned , and hoped the Congressman would take steps 7 to bring the controversy to a quick conclusion . Mr . Gordon Blackley, Executive Vice President of the Peninsula Building Industry Association , which represents more than 200 San Mateo County home and apartment builders , subcontractors , and suppliers , expressed concern regarding the economic impact imposed by closing down of activity in Redwood Shores . He noted that three major building firms had scheduled construction of 242 residential units between June and December of this year in Redwood Shores . Statistics received from two of these firms indicated they would have spent nearly $2 , 000 , 000 in payroll alone , most of which he assumed would have been spent locally . He stated that in addition to payroll losses , halting of Redwood Shores has had a tremendous negative effect on the area economy through the loss of purchase of construction materhls , construction fin - ancing , sales expenses , etc . He urged immediate action so that the project can go forward and the housing industry can go ahead and ease the housing market situation and resume pumping payroll money into the local economy . Mr . William Leonard , Executive Director of the California Builders Council , stated the present situation has great significance for his group , and noted that several prominent fault lines exist in the area , i . e . , the San Andreas , Hayward and Calaveras Faults , and further indicated thatno part of the Bay Area is immune from seismic problems . He stated that he felt , from the testimony at this meeting , that the City Council had gone to great efforts to determine the problems and attempt to solve them . He felt that Congressman McCloskey ' s recommendation for informal hearings would be the most rational , noting that federal agencies tend to sometimes over -react NU'124 '%