>> adjournment. >> -- chairperson chu: thank you. we are adjourned. ase silence all cell phones and electronic devices. completed speaker cards and copies of any documents included as part of the file should be submitted to the clerk. items acted upon today will appear on the july 24, 2012 board of supervisors agenda unless otherwise stated. supervisor chu: thank you very much. would you call items one and a wheel? >> item 1, ordinance amending the business and tax regulation code to enact new article 12 a-1 to impose gross receipts tax and gross expense tax on persons engaging in business activities in san francisco, amending article 12 a to reduce business payroll expense tax rates based on the amount of gross receipts tax collected under article 12- a-1, and in the current business registration fee to generate $13 million in additional revenue. item two, motion ordering submitted to the voters and ordinance amending the business and tax regulations code to impose a gross receipts tax and gross expense tax on persons engaging in expenses activities i

chairperson chu: thank you. the none, public comment is closed. >> i want to extend gratitude to mr. rose, and especially to the produce market corp. and the folks who came out to speak today. i believe the concerns raised by our budget analysts have been added -- adequately addressed and i urge your support. supervisor avalos: this is actually a pretty exciting thing to be coming before us. i see there is economic benefit. i am curious about why there was not actually analysis from the comptroller's office about the overall economic impact that the wholesale food market would have. it seems that since it is a major economic engine and we are talking about going to a major lease, is there anything in particular that might determine when we will see such a report? >> dispatches, frankly, does not lot -- rise to the level of materiality of the bigger impact reports. the role of items that we use is the annual change in economic activity equivalent of $10 million or more. this is not rise to that threshold. >> is t