A stack of legislation was sitting on city council members' desks Wednesday afternoon, a key sign some bills are moving forward.

One of them could drastically change an exploding industry in New York.

The council is set to vote on legislation next week to cap the number of for-hire vehicle licenses for a year to study the industry's impact on the five boroughs. The bill is aimed directly at companies like Uber and Lyft.

"We're just trying to make sure we are supporting drivers," Brooklyn City Councilman Stephen Levin said. "that we're supporting, ultimately, New Yorkers by making sure that our streets are not over-congested with cars that are driving around empty, looking for fares."

Despite intense lobbying from the industry, it appears that the bill is moving forward.

"The majority of council members that I have spoken to support the measures, and we think they are reasonable measures," Levin said.

That is after the companies made an unusual offer: "We are willing to contribute to a $100 million fund that would be set up to specifically help the taxi owners who are under water, with respect to their medallions," Joseph Okpaku, the vice president of government relations at Lyft said Tuesday.

On Tuesday, the three major for-hire vehicle companies, including Lyft and Uber, offered to create a $100 million fund to help struggling taxi owners.

In exchange, the city would kill the legislation.

The city council speaker's office said no.

"They are really on a mission to jam this through with as little public comment as possible," Okpaku said Wednesday. "The council has unfortunately made a decision to essentially protect corporate medallion interests over taxi drivers and constituents."

In response, a council spokeswoman told NY1 that lawmakers are working with all stakeholders and are confident the legislation will help drivers and reduce congestion. She also said the companies are welcome to start the fund — they do not need the council to do it.

We expect that over the next week, advocates and stakeholders will frantically lobby City Hall to try to stop the legislation.

The council will likely vote on the bill August 8.