thank you for your consideration. >> thank you. >> and thank you for listening to us. i want to explain a very simple thing. what the m.t.a. did was a pyramid scheme. [please stand by]

#. >> regretfully, even that was maneuvered, so selling really hasn't worked. thank you.

>> good afternoon. my name is john lozar. i'm third generation cab industry. my father started in -- luxor cab started in 1928. my father was driving a cab in 1946 and became president of luxor cab company. he purchased his medallions, one in 1960. in those days, you bought a house for $17,000. his sweat equity, driving a cab from 1946, raising two children, native san franciscans, and luxor cab has been recognized as a legacy company and a historical company. we started the wheelchair program in 1889, before the m.t.a. or any regulator knew we had to do it.

i was chair person for the paratransit coordinating council. our goal is to help people that can't get around san francisco through difficult time, and we continue to do that. and we've lost substantial amounts of income. these medallions that are regulated are saying they're free or given, is not true. when i met down with mayor lee in 2009, we had a sit down program to issue medallions to drivers. it took three years to put the first one out, and it was $250,000, so let's get the story straight, okay? that uber and lyft started in 2008, okay, so four years before they put one cab out, what's that tell you? and these people that have post-k medallions -- i'm the president of the company, have worked their lives, sweat

equity, working picking up people, daily, hard, every day, and now she wants to ban them from the airport? she wants to take their livelihood away? [inaudible] [applause] >> before we call the next speaker, i want to call a new more names, and you can just lineup. david smith, don velez, roberto marquez. >> good afternoon. i have been driving a cab for 30 years. i do take a lot of pride in what i do for a living. it's safe to say you have an overdose of the problems we are faced with as an industry, and

this taxi medallion reformed proposed by the m.t.a. will not solve it. revoking pre-k medallions, skraming against post-k medallioning -- discriminating against post-k medallions, is not the way to reform nor revive the industry. a lot of what's being presented here today was not even discussed at the taxi task force meetings. i urge the m.t.a. to review those recommendations harder, and i remind the city and you as the supervisors, the board of supervisors, every city agency that the elephant in the room is the number of ubers and

lyfts on our streets. we have been disappointed and frustrated with the city for not having the political will to challenge the p.u.c. and have uber and lyft regulated in a similar manner to taxis. they have technology should not exempt them from having to comply with the rules taking you from point a to point b for profit. it is a taxi service. the app technology does not change the level of that serve. leveling the field of play is a must. you must do that for the taxi industry to survive, and you should buy back those medallions. [applause] >> my name is yetu.

i'm a medallion, and i'm about to speak to our priority. the first -- right now, most of the medallion buyers are stuck with a loan. this loan, we cannot even sell the medallion, you can ask to payback. so this, we're asking to the city, we trying to sue the city, class action city, and the city, they started asking for a couple questions, then, the drivers, most talk, is t--

[inaudible] >> in this case, the one right now, they come to the airport to give us our priority, which is we pay for the loan. the other people -- i'm sorry to pull them out in the airport, is not fair by pushing by sfmta. they don't have rules, they don't know what they doing. but to pushing those people out is not right, is not to -- demanding to holding even the buyer, but we are to earn the money to paying the bank. at least we asking to pass this -- the airport priority. thank you. >> your next speaker. >> hello. my name is david smith. i am a medallion purchaser. i paid 250,000 for my medallion, and of course, we

would appreciate that the m.t.a. or the city buy back our medallions, but they obviously don't want to buy them back, so we're in the unfortunate predicament where we have to support these reforms. my father is a prop k medallion holder, so it does affect me, too. it's not like i'm coming at it as clean, either. i do feel for the pre-k, as well, if somebody wants to pay me back, fine. but otherwise, i support these reforms. as far as s.f.o. meeting the demand, if the supply is ever low, there's an app that tells you the numbers at s.f.o. you can create a lot, kind of cliek when demand is higher -- kind of like when the demand is higher and we can call more guys in. i do feel sorry for the older guys.

i think there needs to be something where they can keep their s.f.o. privilege possibly, but the situation is too dire, and we can barely breathe, we're sinking, we're gasping for air. we can't afford to pay these loans anymore. thank you. [applause] >> thank you. next speaker. >> good afternoon members of the board. the taxi industry is very bad right now because the uber situation and the lyft situation is the antitrust way to do business. if the m.t.a. and all the other businesses did the right thing at the right moment, if you know, we won't be here, selling

the medallion as a pilot program is a failure. that's the reason why our money has to be returned, is because it's a failure. anybody know, we can't afford with the type of income we have right now . sfmta is doing the best for everybody to keep alive this industry. thank you. [applause] >> thank you. next speaker. >> good afternoon. my name is ahmad. i purchased a medallion for 125,000. but if i want to sell it for 100,000, i can't. i have to go to the m.t.a. for the amount they want to and the percent they want to. that's kind of hard.

the pick up in the airport, when they say 18,000 flights or something, 80% of the flights come to uber, so maybe, we get 20% of the flights. 560 cabs, they will cover the airport. thank you. [applause] >> hi. my name is roberto marquez, and i've been driving a taxi for 25 years, and i purchased a medallion for $250,000. uber and lyft came over, took over the business, so we got no money to pay our loans. so we should -- the city should buy us out, and future leaders

should have $500,000 for all the money that we lost. i have no money to pay my -- i purchased a home, and i have no money to pay my home. i drive for 10 hours, 12 hours, and i end up with $50 less money, so i don't know what to do. thank you. >> good afternoon. you know, the situation is going for a long time. it's not one day, the situation come to this point. so there is a three kind of categories who are sitting here. number one is the genuine ones who are going through hardships, that's like me who pay $250,000, and then, there is the second category is who is benefiting and profiteering

the most, cab companies. never mind what we make in a month, but we pay them every month a check. we pay all our expenses. the cab company make the most, and the second most is the prop k, and we are the ones who are the losers. thank you very much to the people who -- supervisors who brought the proposal to working at the airport. those who have been eating apple pie for years, and now, they do not want to pay their own coffee and cake. [inaudible] >> and we have our families to support, and these peoples are becoming an obstacle in the

middle of, that they are serving the city by this and by that. everybody knows how much the cab companies charge. like, if they charge me $500 a month, and they have 500 cabs, multiply by 500, how much they are making. now, that's not the only one. there is 24 cab companies, and each cab company does not meet the requirements needed. there is maybe only two cab companies, maybe yellow and white that are meeting the requirements of the sfmta. none of them meet the requirements. now, there is a taxi task force. taxi task force, i am totally against. it is mostly privileged people representative of the cab companies, and those people who got some kind of privilege, they are sitting in the taxi task force. we do not need the taxi task

force, what we need is the direct representative of the people who are of the taxi indust industry -- [inaudible] >> we are constantly paying to the federal credit union, and we are constantly paying to the cab companies. have anyone come forward from the cab companies and say that they have paid us. [inaudible] >> supervisor fewer: thank you very much. >> if i could have you hold on for one second, i'm just going to call some more names so that they can begin to lineup. jim margoles, mark gruberg.

saeed mohases. ali ahmad martisa. >> i purchased a medallion for $250,000. i never had the privilege to get for $125,000. public had no interest in taxi service because of cheap cost of ride sharing. we cannot sustain ourselves in taxi business. taxi business dieing every day

consistently. [inaudible] >> -- and we are in deficit. how can we proceed to make medallion payments? [inaudible]

>> supervisor fewer: thank you

very much. [applause] >> hello. how are you. my name is ali. just i am the ramp driver for seven, eight years. i have purchased the medallion 125 -- 125,000. and if you look at -- to the -- my situation, i am the number one suffering. you heard the katz, what is she saying, suffering the ramp drivers. i'm picking up $7,000 for a year. i've been doing this seven years. very expensive. but i continue, i went to pick up the -- the disabled people, and i do really good job, and i have some recommendation even to the m.t.a. office. if you look at my file, it's there. any way, my number is coming up. they send me the letter. last 25 medallions to get the free. i went there, they told me, you

know, the law change. i am 30 years driver. i checking myself for the lifetime to get to this point. and they say no choice, okay, no anything, you have to buy. okay. they force me. you don't buy them, we get your medallion back. okay. i buy the medallion. okay. i spend the money. because i am driver very serious. they know that. i don't want to go against the m.t.a. i bring my average home. you know how much i lose? almost $1,000 lose. for this six months this year, i write down every night what i make. almost i lose $7,000 for the first six month to the

companies for the last year. i'm hard working. i lose $14,000, and one payment is $1,451. and remember, i supposed -- i drive 30 years, and i cannot handle this. i have already -- [inaudible] >> and i already have a house, this house is my proud, and i put the money down towards this 125,000. i not supposed to be doing this, because for this day, i'm 65, 66 years -- [inaudible] >> i'm exhausted, mentally, physically. the people who work like me. >> supervisor fewer: thank you. >> i've worked very hard.

please. [inaudible] >> i cannot continue this. since 1974, i am driving. i cannot continue this. >> supervisor fewer: thank you. [applause] >> hello. thank you, everybody. my name is abe. i have a medallion for my son is me. we bought these medallion, 250,000 people. this time, we are losing the money. we are asking the money from friends and family. we are unable to make the payments. so what are the m.t.a. giving the solutions? competition with the uber and the lyft and the taxi?

two big difference, because they charge the $27 from the airport -- airport to city, we charge 45. how can people take the taxi? what are the m.t.a. make their job -- keep their job alive, but that's not any solution. but we only want -- if you stop the uber and the lyft. let only one option in my mind. let the uber and the lyft stopping to pick up the fare from the airport. they can draw, they can work from the city, but not the airport. only that solution make the taxi industry ai have belive, , totally crash. i'm not against anybody, i'm not saying anything about anybody, but this time, there's no solution because competition

is without fear. we're paying that $150 color scheme. why we paying that color scheme in what that mean is? that's an old lot. you have to change everything and give us money back. we not come back here to you so much. [applause] >> supervisor fewer: thank you very much. >> hi. this is jim margolis. and i want to speak on several issues. first, i'm a pre-k medallion holder. i started driving a taxi cab in 1973, and for old yellow cab. and it went bankrupt, so the city was faced with -- well, we've got all these medallions. how come a bankruptcy court got

this? well, luckily, i went in with a group and was not the only group that bid for this. it was originally awarded to a former board of supervisors person, harold dobbs, the city, it's a problem, we got it. we were awarded it. it wasn't something that we could have -- we could have put out our money, which we did, and not gotten it back. we were fortunate, and i've been fortunate to have a medallion. i'm not sure for legal reasons whether it's a legitimate distinction between the pre-k's and the most k's. somebody got their medallion in 1978, somebody like me got their medallion in 1977. we had to drive. most of the people in yellow cab in the early days drove. they drove, and so this goes up to 2010, with uber and lyft on the scene, and even later, who

would -- who would offer these -- these medallions for $250,000? the city. i'm not sure why people would buy them, but apparently, they did. why would the city offer them? they knew it was a loser. uber and lyft -- and then, when uber and lyft came on the scene and were driving in san francisco, what did the city do? did the city, you know, say, hey, we're going to regulate you, you flight cabs? no, they said no. they just sat on their hands, and the state came in and regulated, and the result is that the city, who's complaining now about we don't have the authority, and we don't have -- they made the decision to let it slide, and this is the -- this is the -- this is what happened. >> supervisor fewer: thank you. next speaker, please. [applause] >> thank you. my name is mark gruberg. i am a taxi driver with green

cab, a problem k medallion holder and a member of the board of the san francisco taxi alliance. everybody wants the purchases of medallions to see relief from the terrible burden of debt that they face, but what has been proposed is going to create more problems than it solves. restricting the airport to purchased medallions will shut out thousands of drivers. the competition in the city is already extremely fierce. it will be unbearable with hundreds of cabs forced to work only in the city. no one will want to drive any one of those cabs. drivers who have already been pushed to the brink by uber and lyft will drop out of the industry. new drivers will be impossible to recruit because they, above all, depend on the airport for their livelihood. cab companies won't be able to lower gates because they are barely making it as it is.

this is be ruinous for the drivers and companies they work for. the city created all of this, and the city needs to solve this. the way to do it is to buy back the purchased medallions. rid us of this cost and this curse. the numbers are large. kate tor mentioned $161 million, but this can be paid back over a number of years. pay it -- these loans are 15-year loans and longer. pay it back over 15 or 20 years, and it becomes a manageable expense. please do this. we cannot bear this as it stands, and this proposal will not help. thank you. >> supervisor fewer: thank you very much. [applause] [please stand by]

... at least not my retirement,

recommendation. the question of a little more sell that goes into a food, i pray it goes into my mouth. nobody is suffering more than the one who bought it for $250,000. all these drivers complaining. ask one person. is anybody driving -- [bell ringing] -- maybe one or two. most of them collect their fat checks and are hurting. please do something. [applause] >> hi, my name is renata and i'm driving national cab 789. i started driving in 1993, a taxi. in 94, i found out about the medallion list and it was voted in 1978. the voters voted to allow the cabs drivers each to have one medallion. so i heard about this and i

thought, ok, i want to the police department, i paid the $123 fee to put my name on the list. we received no benefits from any taxi company. the only benefit was to wait and get your medallion. the police department told me you will probably wait ten years. i filled out a pact of paperwork -- packet of paperwork and put my name on the list and waited 15 years to get the medallion. i received it in 09. i didn't get it for free. i put in my years, i didn't work for free. they're saying we're free loaders, we're not. we put in our time and money to get our name and medallion. no benefits whatsoever from the taxi company. bus drivers get everything. every benefit you can imagine, but not the cabs. the cabs, what we waited for is

the medallion. and now the city turns around and pulls a fast one and makes the next guys after me buy them. it's not to these drivers. now they want to cut us back. why? because they sold medallions to the poor drivers? these guys should have [bell ringing] -- >> before the next speaker begins, i'd like to call just a few more names. >> my name is sai lee.

>> mr. lee, could i have you wait one more moment. i'm going to call ten more names and then i'll have you begin. >> tim lapse. kennedy wui. this is your card mr. lee. i have you know. [calling of names] that is the conclusion of the cards we have on file. you may begin, mr. lee. >> good afternoon. i've been driving for almost 50 years. i have a pre-k medallion. and i was wondering, all of a sudden they said they're going to take my medallion away. i've been working all this time

and never retired. and i'm still working now. to my recollection, i gavemy permit beneficiary to my wife and child, who is also a cab driver. and i'm wondering, they're going to take it away, it's my livelihood, i'm still paying on my home and i'm just wondering what is going to happen. thank you. [applause] >> thank you for the opportunity. my name is tim lap. i've been in the industry for 35 years. at the time i started in 1983, i could not purchase a medallion. i wish i would have been able to. i would have had the best cars, the best shift, but the city would not make that available to me. i decided to stay in the industry only because i knew

that after a certain amount of time, about 13 years in my case, i was going to receive a medallion, for being a grizzled driver, basically. now they're trying to do the classic take from peter to pay paul, by excluding all of us who did play by the rules that the city established, from going to the airport. that is going to be the value of all the k medallions to basically nothing. because nobody is going to want to drive any of those cabs. it's going to have additional adverse impacts. the city is not going to be served. because if all the people, the shrinking pool of drivers is going work with the prop a medallions so they can go to the airport, you're not going to have the residents of san francisco being served.

so this could have such a terrible impact on the -- [bell ringing] -- prop k medallion owners and most especially on the elderly population of the city which is still reliant upon taxi cabs. the mta does not have the best track record when it comes to proposals and i feel terrible for these people who purchased the medallions, but i should not, and my drivers should not be the ones to pay for it. it should be the city. thank you. [bell ringing] [applause] >> good afternoon. my name is kenny. i'm a medallion holder and everybody knows that it's so bad, that i drive the whole day, bring home 50 bucks. i have to raise three kids. we need lots of hope from you

guys. having the city buy back the medallion. so we can get more help to go to the -- and we actually need the city to actually try some way to enforce or to limit the über, lyft, so we can survive. thank you. [applause] good afternoon. i've been a taxi driver for the last 30 years. and i'm on the board of taxi union. i think all the problem we have is über and lyft. if you limit them, or at least limit them from sf where they can't pick up, only drop off, that will help. and also by banning k

medallions, it's totally unfair, because k people have been working for the last 30 years, a long time you know. and we've been following all the laws, all the rules. so it's not fair to steal from us and give it to the purchased medallions. i really am very sympathetic with them that they got this bad deal, but it's all mta's fault. they sold medallions, made millions of dollars and i think they should buy all the meions back and -- medallions back and picking them up at the airport, it's like you had a heart attack and they put a little band-aid on you. it's very bad, a cheap approach and it's dividing all the cab drivers. and everybody is feeling bad. the business, there is no way you can make a living now anymore. thank you.

[applause] >> hi, number one, mta is the one who messed up everything. i drive cab 29 years. i have k medallion. i have no benefits. and they tried to stop us from the airport. where i go? 29 years i work in the city, start in the morning, 2:30. work, pick up all the drunk people. i did the 15 years of that. now i'm 56 years old. where should i go? tell me where i should go if you stop me from going to the airport? they purchase the medallion, they offered them a medallion because they jump the line. they are the one who jumped the

line. they make their own decisions. they're the ones who pay under the table to get the medallion. if you don't believe me, take a test. thank you. >> hi, i'm liz bradley. 21 years in the industry. i've had a lot of bad jobs in my life, but i still love my job. i love my job. i may be the only person on the planet that would say this, because it's a hard job. it looks easy and it's fun sometimes, but you know, people complain about nothing all the time. bottom line, i put my name on a list, paid my $300, where is my $300 for my name on the list when they declined to give me my medallion. that's against the law. that's breaking rules and laws left and right. i want my $300 back if you're

not going to give me my medallion. you want to sell it to me when you know i make $30,000 a year. what kind of joke is that? a bad one. did you know that 50% of all über drivers are felons? they can get out of prison in the morning, rent an über with their grandmother's car and pick up your daughter and son-in-law at the airport and the airport says we're so safe. where is it? i'm sorry, ain't buying it. the other thing, every time i turn around you guys are threatening us. we can't work more than ten hours, but you want us to pay $250,000 for a medallion when we have four pickups a day at the airport. [bell ringing]. you get four rides out of the airport, you make 100 bucks.

you call that a good job? thank you. >> want to look at it before i start? ok. this is -- sfmta is doing what it does best, it is dividing this industry. it's really good at this. it's been doing it for the better part of 40 years. they get us cutting each other's throats. that's what they do best. this is the lawsuit filed by the federal credit union against the city. i'm going to go through it really fast. let's go to page 2. it says here the credit union says these are a lot of allegations would not decrease the medallion purchase price

below $250,000 -- >> if you could pause the time. we didn't -- i don't think we got the right copy of this. we don't have page 2. >> no, no, you're not going to see many pages. this suit has maybe 80 pages. i just extracted certain -- >> i see. i see. >> i'm on page 2. >> page 4? >> well, look, don't look at the bottom here. just -- this is the cover. these pages come through -- it's about a 60-page document. it's a lawsuit. >> could i just ask you then to refer to the bullet point or something, because we can't follow it. >> what if i just say -- ok, well -- >> i can't follow along. without a page number. >> let's start at the top, no bullet point -- >> let's start his time again. >> ok. the credit union made a deal

where no permits could be sold below -- did you want to ask me a question? >> you didn't start the time. sorry, ok. >> bullet point 11, takes a perfect security interest in transferrable medallions in the event of defaults. this is what sfmta promises. the program collapsed or failed because sfmta ceased transferring medallions and intended parties to -- this was meant to be an exit mechanism. next page, bullet point 22. they allege sfmta has not issued or sold medallions since 2016. bullet 23, the credit union has not been able to transfer any medallions. bullet 24, they have promised

the credit union they would take steps to invigorate the industry. next page, bullet point -- at the top -- instead the sfmta let the business collapse. bullet point 26. even though it terminated the program, sfmta has failed to transfer or repurchase the credit union's foreclosed medallions. next page. bullet point 184. it wasn't until after november 2016, at a meeting, that sfmta repeatedly broke promises -- the credit union began to suspect that the program was in collapse. bullet point 185. it became clear to the credit union would not admit its revenue generating scheme had failed. next page, bullet point 93. $64 million was loaned. or i'm sorry, $64 million is

alleged in the transfer program and bullet point 93 details all of the monies that were loaned in the various types. [bell ringing] [inaudible] bullet point 167. on november 3, 2016, all these people mentioned -- to have a meeting. it was at that meeting that the credit union realized that sfmta was not going honor its applications and their only recourse was to sue. this suit is why we're here. not because of the -- report, it's because of this suit. because the city -- [inaudible] -- is so extensive, it's trying to look for ways to mitigate

what it's going to have to pay. this is the part. -- this is a farce. [applause] thank you. >> thank you very much. [inaudible] >> there is only one aspect of this program that is ok that is [inaudible] -- somewhere between that market price and what the city has paid is what the city should make up to those buyers. >> thank you. before the next speaker, i'd like to call peter miller and terry chan, you may line up as well. >> good afternoon. my name is amen. please i am a medallion holder for quarter of a million dollars and drove taxi for 30 years.

i heard that they are crying here. i don't want to go against them, but über and lyft came only recently. those guys have pre-k medallion, and after, they only make so much money and now they're crying wolf here. as if they are the real victim. they are not. so what i'm trying to say here, you failed -- you mentioned something important -- you said all the passengers that come to sfo and all of a sudden, you want to reduce the taxi cabs to only 560, how can they handle that? their answer to the question is, we were waiting two and a half hours at the airport to get one passenger. if that proposal goes through, instead of two and a half hours, you just wait one hour and i'm sure there is no fix that by

now, the only victim in this whole situation are people who purchased the medallion. we're the ones who are the victim. if you can help us a little bit to be the only one to pick up at the airport, that would be fair, that would be the most reasonable thing to do. [bell ringing] and i hope that goes through and we'll only wait one hour and we'll take care of all the passengers that need to be picked up at the airport. >> hi, good afternoon. my name is ca hall. i purchased medallion for $250,000, i cannot make my payment. number one, buy back medallion from us. number two, if sfmta don't buy

back medallion, make a reasonable price. for example, 125. number 3, buy back medallion from us and give us medallion so drivers drive five days a week. if someone does not drive or work, his medallion -- if they don't drive five days a week. if they're driving, like the gentleman sitting here, they continue driving, i know them last 20 years, let them work. if someone -- came back with a yellow cab and got the 1500, $1200 check and go back, that --

all the medallions. please, please, help us. we're dying now. thank you very much. >> hi, i'm peter miller. second generation san francisco taxi driver. i'm opposed to these measures. i think it's divide and conquer. i think the taxi industry needs to stick together to the pre-k medallion holders. who my mother was one of. these are people who did not get a medallion for free. these are people, who through years, decades of blood and sweat equity, serving the citizens of san francisco, earned a medallion and were promised this was going to actually do something for their livelihood. and when you look at federal labor statistics, it shows one of the most dangerous jobs in the country is being a taxi

driver. so even earning a medallion does not adequately compensate a taxi driver for what they put into it. the greatest loss is not to the drivers in this room, but the taxpayers. if you look at the value of the medallions, a new york medallion on the open market sells for a million dollars. i think a san francisco medallion is worth just as much. that puts the value of the medallion in san francisco at $2 million. this is money for 32 years under prop k, these were not bought and sold, they were reinvested into the city. this is the value to the taxpayers, good jobs, pensions and having control over our public transportation system. we need to look at how we can save this. i'm happy that you as an independent commission are looking into this. the mayor's office, the mta, the

airport commission could be doing things or could have done things not to let this get to where it has. and we need to look at this and do something to move this in a better direction than it's go. thank you. please stand by.

>> brought in as public employees. the taxi system needs to be a public service. needs to be a public utility just like the bus system and then the drivers need to be given full pay benefits and union protection, you name it, especially union protection to grab the mta by the short hairs and make them do the right thing and i'm including the drivers in the medallion system and the ones that want to retire but if you don't do the second step it won't work. there's all kinds of things you can do with regulations and fees you can put so many fees and so

many regulations on the bad behavior of the ubers and lyfts that it would be uneconomical for them to under cut the drivers and they'd have to line up and become taxi drivers in the public municipal system. those are the solutions. we need to cut through to do that. thanks. >> supervisor: thank you very much. do we have any other public speakers. >> clerk: that was the last public speaker. >> supervisor: if you have any other comments please line up or we'll close public comment. >> thank you, supervisor fewer. on occasion i've done policy work for the cab companies so i want to make that full closure. as a number former commissioner on the transportation

commissioner one of the most appalling bankrupt studies i've seen it says to the san francisco community we'll divide and conquer and people came to raise their families in the cab industry pitted against the newer immigrant. it's appalling what the sfmta is trying to do because they basically made a mistake in 2009 and decided they wouldn't put out more medallions so we can at least address the problems of supply and demand that allowed the development of lyft and uber. secondly, they came up with a more regulatory approach which produced over 500 to 700 pages of regulations that every single one of the medallion holders

have to adhere to while their counterparts face no regulations. third of all, they decide to put a $375 million price tag on the price of medallions as the city ownership but they weren't going pay for that. what they were going do is make the people try to find a way to earn a living pay for that. and they caught themselves in a mistake. they went to the credit union and said, you -- we will guarantee this and sell them out the city placed essentially a liability for over evaluation of the system and put it on the backs of these hard-working men and women. [bell ringing] >> supervisor: thank you very much. i'm sorry, if you have given public comment on the issue you're not allowed to give public comment again. if you have not spoken before this body, please come forward but if you've already spoke enyou will not be permitted to

speak again. speaker, please. you have two minutes. >> i've jerry chan and have been driving since 1974 and i think i have a solution to solve all this. you can buy back the medallion from the city but it would take me 45 minutes to an hour to finish my solution. i willing to talk to either one of you individual whatever time you have and every time i bring this up these people want to kill me, okay. all the cab driver want to kill me every time i bring it up and i need more time. if i can schedule a time with you, either one individually or all together i would solve the problem. uber, lyft, buy back, everything. >> mr. goebel would you mind taking the