update. >> good afternoon president bito and members of dbi. i will be brief i know it hen a long meeting. first i want to thank you for thought conversation about our budget. i also want to note it hen the extremely budget season required difficult decisions. and among the most challenging i had to make in my 2 decades at dbi. this is not who we want to do. but what we have to do. at the score we are regulators charged with enforcing the legal code requirements before and after a building is built. we do have -- to do with it because of the limited funds we generate law through permit and fees. regardless of challenges we will continue to make sure san francisco built requirement is code compliant and safe for residence. this will continue on be our priority. and moving on to an item relate to staff recognition. and the commune event. next i want to share dbi will anticipate inspect community event this weekend with chinese real estate association of america. dbi engineer riffian wang will attend and answer question and provide information. th

i am taking a little bitó#t■ money out of+■ marketv know you're good ati]fá making i don't speak outrowth and i think the market will focus on that i think there's a danger that as the fed continuesqp to raise rates, in particular the regional banking system will have a little bit of a problem here, will have a problem with deposit costs. i'm takingx■ off thati] regional bankf■ index trade 1■/■ didn't work out so great. it was down 9% from when i put it on. the fed right now. >> okay. so, josh, momentum, i t$a'k you would agree, hasç■ been on the side offáfá the bulls of late. you've said as much inñ■ ourf■ conversation yesterday on "closing bell. i guess my question at this point would be can the bulls really be in charge with, as jim says, a more hawkish fed whether it's bowman, waller with valuations at 19 times which some say are too stretchedx■ in this environment and with an economy that'sq■ weakening, clas up, consumer -- i don't know, some say it will beñr■tapped out soon look at what the 210 spread is doing. t■b thatq■y■ackdrop? >> xd■ell, first, you have to decide whether o

president bito. >> here. >> vice president tam. >> here. >> commissioner alexander-tut >> here >> commissioner. >> commissioner shaddix. >> here >> commissioner sommer. >> here. >> next

and also we have that information and still concerned about, spoke about the lines on the east bito the mountains. we are concerned about the things going on the peninsula. appreciate you brought that up. and since you mentioned the concern about patriot contractors. new in the field in the area of research i want toup lift the work of san jose state university's wildfire interdisciplinary center. and they are doing great work on fuel loads, modeling and potential for i great partnership. thank you. anyone else present for comment. do we have remote callers? >> there are no callers. >> public comment on item 6 is closed. >> perfect. clothes if there are in comments or discussions can i have a motion and second. >> we have an amendment >> yes. i think -- i think commissioner stacy will mention them. then a second y. go ahead. >> i was going to move we approve with the clarification in the first resolve clause we are adopting the report and directing implementation of recommendations. >> thank you. second >> we haveful a motion. and -- to approve the amendment -- item and a second. can we