HomeMy WebLinkAbout2465 Resolution RESOLUTION NO. 2465
A RESOLUTION OF THE CITY OF PASCO, WASHINGTON,
APPROVING THE TRANSFER OF ITS CABLE
COMMUNICATIONS FRANCHISE WITH FALCON VIDEO
COMMUNICATIONS, LP TO CHARTER COMMUNICATIONS, INC.
WHEREAS, Falcon Video Communications, LP (Falcon) is duly
authorized to operate and maintain a cable communications system in the City
of Pasco, Washington (City) pursuant to a franchise granted by the City to TCI
of Northern New Jersey, Inc. d/b/a TCI of Washington (TCI) and subsequently
transferred to Falcon with the consent of the City; and
WHEREAS, Falcon and Charter Communications, Inc. (CCI) have
entered into a Purchase and Contribution Agreement dated May 26, 1999
pursuant to which CCI's affiliate Charter Communications Holding Company,
LLC (Charter) will acquire control of Falcon; and
WHEREAS, Falcon and Charter have requested the consent of the City to
the above-referenced transfer of the cable system and the franchise to Charter,
to the extent that such consent is required under the franchise and applicable
law; and
WHEREAS, FCC Form 394 has been timely filed with the City;
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
Section 1. The City hereby consents to and approves the transfer of the
cable system and the franchise to Charter, to the extent that such consent is
required by the terms of the franchise and applicable law.
Section 2. Charter may grant a security interest in the franchise to any
lender(s) for the purpose of securing indebtedness, or may sell capital stock of
Charter in an "initial public offering" without obtaining the prior consent of the
City, provided that no such transaction will materially affect Charter's
compliance with the Franchise.
Section 3. This Resolution shall be deemed effective upon the date of its
passage.
RESOLVED this 19th day of July, 1999.
Cl T PASCO
Charles D. Kilbu , Mayor
ATTEST/AUTHENTICATED:
Catherine D. Seaman, Deputy City Clerk
f A-PPR D S TO FORM:
Leland B. Kerr, City Attorney