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�• ��� <br /> RESOLUTION No. <br /> RESOLUTION OPPOSING PROPOSITION 68, THE <br /> GAMING REVENUE ACT OF 2004 ON THE NOVEMBER 2, <br /> 2004 STATE-WIDE BALLOT <br /> WHEREAS, horseracing and card ciub interests in the State have drafted and <br /> qualified an initiative measure known as the Gaming Revenue Act of 2004 (GRA), which <br /> will be put before the voters on the November 2, 2004 State-wide ballot; and <br /> WHEREAS, if adopted, the GRA will require the Governor to renegotiate dozens <br /> of existing gaming compacts entered into befinreen the State of California and various <br /> Indian tribes on terms theses tribes will likely find to be highly objectionable; and <br /> WHEREAS, the GRA provides that unless all of these many gaming compacts <br /> have been successfully renegotiated within 90 days of the passage of the GRA, the <br /> owners of the horseracing tracks and card clubs sponsoring the GRA will be allowed to <br /> operate 30,000 slot machines at their facilities in six counties State-wide, including at <br /> the Bay Meadows Race Track site in San Mateo; and <br /> WHEREAS, Bay Meadows would be authorized to operate as many as 3,800 slot <br /> machines if the GRA is adopted and the Indian gaming compacts are not successfully <br /> renegotiated; and <br /> WHEREAS, while potentially providing a certain amount of local revenue, the <br /> significant social, economic, and quality of life costs will outweigh any expected benefits <br /> of this proposition; and <br /> WHEREAS, the social and economic costs associated with gambling, as <br /> documented in national studies in 1999 and 2001, range from business and <br /> Atty/Reso/Reso.1488 <br /> 090104 � <br />