fields where utah has demonstrated substan tial capability during the year the addition of new work exceeded the volume of con struction put in place leaving the com pany's backlog about 10 higher than at the close of the last fiscal year dredging at year end all of the com pany's major dredging plant and equipment were profitably employed on contract work one of the most interesting dredging oppor tunities to your company lies in its work with and stock participation in japan in dustrial land development co ltd in japan where major reclamation projects are underway included as stockholders of this firm are 82 of japan's largest and most prominent companies the first of a series of large dredges to be built under jild's technical assistance agreement with utah the kokuei maru was launched at hiro shima in june and is already at work along side the alameda near osaka japan land development utah's land devel opment activities now range from the im provement of sizeable raw land areas both industrial and residential to the develop ment operation and subsequent sale of in come properties planning financing earth moving and construction are the funda mental tools employed in most of utah's land ventures flexibility is provided in sup plying these tools either from within the company or from outside depending upon timing economics or other factors pecu liar to the individual project in addition the company continues to acquire and develop shorter range projects to complement the existing longer-term developments all of utah's large land development projects are in california with some of the income properties located elsewhere in the west a brief summary of the major projects follows moraga this residential community lo cated near oakland is being developed on a gradual basis commensurate with the area's growth and market conditions the original 5000 acres have been reduced to 3554 acres approximately 600 acres were sold this year including 300 developed lots sold to a housing developer this sale takes utah out of the development phase on this project since it is planned that the remain ing acreage will be held as an investment vandenberg adjacent to the major west coast missile operating base and space re search center vandenberg air force base this residential development is being carried out as a complete integrated community with a shopping center schools apartments churches golf and country club and motel facilities in addition an area has been set aside as a research park to serve those com panies that need to be near vandenberg at year end 462 acres had been developed 234 acres remain unsold with about 170 of these under option a total of 878 acres is being held for continuing develop ment utah has options to buy additional land and from time to time will exercise its rights as conditions warrant alameda an integrated residential com munity with a company-owned shopping center this property was developed on land created by your company's dredges this development is located on alameda's south