HomeMy WebLinkAbout2468 Resolution RESOLUTION NO. 2468
A RESOLUTION OF THE CITY OF PASCO, WASHINGTON,
APPROVING THE TRANSFER OF CONTROL OF THE ULTIMATE
PARENT COMPANY OF FALCON VIDEO COMMUNICATIONS, LP
TO CHARTER COMMUNICATIONS HOLDING COMPANY, LLC
("CHARTER")
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, Charter Communications, Inc. ("CCI") and certain affiliates of
the Franchisee (including the Franchisee's ultimate parent company, Falcon
Communications, L.P., hereinafter "FCLP") have entered into a Purchase and
Contribution Agreement (the "Agreement") dated May 26, 1999, pursuant to
which CCI's affiliate, Charter Communications Holding Company, LLC
("Charter"), will acquire control of FCLP (the "Transaction"); and,
WHEREAS, Falcon and Charter have requested the consent of the City to
the above-referenced Transaction, 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 Transaction 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.
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Section 3. This Resolution shall be deemed effective upon the date of its
passage.
RESOLVED this 7th day of September, 1999.
t
CHARLES D. KILBtJRY, MAY
ATTEST JAUTHENTICATED:
CATHERINE D. SEAMAN, DEPUTY CITY CLERK
APPROVED AS TO FORM:
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