. >> item 6, a presentation by ted egan, discussion and possible action item. we have several items in your package, followed by some public comment we've received by e- mail, which has been forwarded to you, and included in the package. we also have a copy of power cords from several recommendations made previously. >> i do not think it will have anything you have not seen, but it will be put together a slightly different. >> commissioners, while mr. egan is putting up his presentation, in the packet is the first presentation presented to the small-business group on march 12, and behind it is the presentation that was provided to the small business group last friday on april 6. that's what i will be going through today is the highlight of those. good evening, commissioners. i would like to update your commission on the work we have been engaged in and payroll tax reform. we have been working for several months examining potential alternatives to the payroll tax. we were directed to do so by nearly and board member chiu region -- by ed lee. it is possible to re

i did also attend a couple of presentations by ted egan, who predicts things will not come back to the level they were at the truck -- top of the mark in 2007 until 2016. and so in my opinion, i believe this deferral should go on for another three years until june or july of 26 teen. because again, there will be projects that will be anchoring themselves all the way up to 2016 in a lesser economy than we're used to. the other part of this is the eastern neighborhood and the other fees are new. and on top of the fact that the economy is not so great to be able to defer these fees is a great boon to be able to see some of these projects during this still not so great time. thank you for your time. supervisor mar: thank you. how is it going? >> thank you for having this hearing today. i was all a bit, what are we back here so soon? it had been two years and it has been an extremely interesting to years in our trade. emigration use were allowed to come and take testimony. and the impact has been devastating. we do not have to go there. we have the forecast, how things look. is there a ligh