ben rosenfield of the controller office. i thought i would mears some of our key findings that we issued earlier today. we find that the legislation before you here today does have positive net benefits to the local economy. that is really the result of two things. it is the result of increased employment and wages in the private sector, partiallyoff set by higher construction costs. the result of this is an estimate of a net cost per job created of approximately $18,000. we find that the economic benefit from this legislation could be greater if two inefficiencies in the current legislation are corrected that would result in reduced costs for the city or a lower cost increase on construction that would result in a lower cost per job created. generally speaking, those are our findings. we have proposed possible fixes to the two inefficiencies we see, and mr. egan can walk you through the findings and proposals. supervisor avalos: thank you. mr. egan? >> good after noonch, supervisors. ted egan. i would like to share with you