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How did this particular structure evolve . We talked about this and what some of the features that were problematic to the district. That if we were going to make any changes like splitting up the reserve, wed also change the first and foremost of those changes regarding the lay offs. For that matter, allowing the majority to change the conditions. Those actually came from the controller as well through sort of a brainstorming discussion and, you know, i think those are those would be very favor...

Much restrictions for how they could take it out, its been growing so that 25 percent, once weve established our eligibility for that certain year has been a lot and certainly in the years we were most desperate because with the budget issues, so i dont why should there be a restriction on how much we could take in one year . I do understand that should this language as proposed go through, we could change that rule 2 3 of the board could change that rule so maybe we want that limitation of 50 p...

Is one change, but in technical terms, that would be less than 25 percent of the whole balance in the rainy day reserve, but at least there would be certainty about that. Thats why we think there would be less money. Thank you. I want to follow up on that. This is where my antenna goes up because i want to make sure we thought through the whole thing. Clearly there are people that beyond the Rating Agency issue think this is a better situation for them. So i mean, i havent i have to confess and ...

[inaudible] or whether or not we would be getting [inaudible]. Not in the materials that i went through tonight, but yesterday i sent an email with scenarios and calculations to you. Its hard to tell because its speculative. We dont know what the among other things, we dont know what the policymakers of the city would do in the future, including the near future about making draws or appropriations to the district under the current language so its part of this depends on one zone predictions abou...

Supporting the amendment. I think one of the toughest tasks the members have had has had to do with lay offs. Really just a terrible situation and so your first bull let bullet point, im very interested in seeing that change. I think if we think about the lay off process that weve had to go through in the past years, its very cruel and unusual punishment for or valuable assets so im interested in making this charter amendment. Commissioner [inaudible]. I had a question. Go ahead. Were you going ...

Problem. If thats done im okay. Any other questions, comments . You mentioned none of this is set in stone, so can we 60, 40, instead of 75, 25 . Just kidding. My suggestion about this is [inaudible] or whether or not we would be getting [inaudible]. Not in the materials that i went through tonight, but yesterday i sent an email with scenarios and calculations to you. Its hard to tell because its speculative. We dont know what the among other things, we dont know what the policymakers of the cit...

Through the task of identifying some specific edits or mark ups to propose at the committee whenever it takes place. And then as a part of our preparation process for input, it is along the lines of what youre informing us here and then the possible changes. They are this is an ongoing conversation but the last large bull et point regarding withdraws in your presentation, that is on ongoing conversation, or youre here to get the temperature of the board . These are concrete changes wed like to s...