1992-158-San Francisco Giants Major League Baseball Franchise Is An Important Regional Economic, Entertainment, And Cultural ResourceRESOLUTION 1992 -158
RESOLUTION OF THE TOWN OF LOS GATOS
WHEREAS, the San Francisco Giants major league baseball franchise is an
important regional economic, entertainment, and cultural resource; and
WHEREAS, the presence of the San Francisco Giants in the bay area
generates over $30 million annually towards the regional economy; and
WHEREAS, the transfer of the San Francisco Giants to Tampa Bay, Florida
would have a negative impact on the bay area economy; and
WHEREAS, there are investors interested in purchasing the Giants and
keeping the franchise in the bay area provided they have adequate time to review the
financial records of the franchise; and
transfer;
WHEREAS, there are attempts being made to build a new stadium; and
WHEREAS, the Commissioner of Baseball has the authority to deny the
THEREFORE BE IT RESOLVED, that the Town Council of the Town of
Los Gatos requests the Commissioner of Baseball use his legal authority to deny the
transfer of the San Francisco Giants to Tampa Bay, Florida, until adequate time has
been given for local investors to review the financial records of the Giants and present
an offer to purchase the franchise.
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PASSED AND ADOPTED at a regular meeting of the Town Council of the
Town of Los Gatos, California, held on the 17th day of August, 1992 by the following
vote:
COUNCIL MEMBERS:
AYES: Joanne Benjamin, Steven Blanton, Brent N. Ventura, Mayor Eric D. Carlson
NAYES: None
ABSENT: Randy Attaway
ABSTAIN: None
SIGNED:
ATTEST:
G—
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
CLERK OF THE TOWN OF LO'�'3ATOS
LOS GATOS, CALIFORNIA
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