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<br /> <br /> <br /> <br /> FC Report No.: 49 <br /> Page 2 <br /> <br /> <br /> <br /> Councilmember Yagong commented that all the information from the Mayor's office indicated that $4.5 <br /> million would be gained by not making the deposit to the 2% fund but in reality it would have been $6.5 <br /> million if not for Mr. Hoffmann's amendment and he thanked Mr. Hoffmann for making the amendment. <br /> <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 49, as amended to <br /> Draft 2, and recommends it pass first reading. <br /> <br /> <br /> Sao <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> AYES NOES A&E Ex Respectfully submitted, <br /> <br /> ENRIQUES X <br /> FORD x COM TTEE ON FINANCE <br /> GREENWELL x <br /> HOFFMANN x <br /> IKEDA x <br /> NAEOLE x ul-ONISHI x DOMINIC YAGON HAI <br /> <br /> YAGONG x FC REPOR NO. 49 <br /> YOSHIMOTO x ADOPTED: APR 2 2 2009 <br />