1988-07 Cable TV FranchiseRESOLUTION NO 88-7
. A RESOLUTION ACKNOWLEDGING AND
CONSENTING TO THE PURCHASE OF THE STOCK
OF ULTRACOM OF DADE COUNTY, INC.
WHEREAS, the City of Okeechobee, Florida and Okeairco,
Inc., Cable Television of Okeechobee, entered into an
agreement, dated January 7, 1986, which along with
Resolution Nol. 86-1 dated January 7, 1986, granted to
Okeairco, Inc., Cable Television of Okeechobee a cable
television franchise with an expiration date of July 1, 2001
(the "Franchise"); and
WHEREAS, the City of Okeechobee, Florida by Resolution
No. 86-13 dated September 16, 1986 consented to the merger
of Okeairco, Inc., Cable Television of Okeechobee, into
Ultracom of Dade County, Inc.
WHEREAS, all of the stock of Ultracom of Dade County,
Inc. ("Ultracom") is being purchased by Florida Cablevision
Management Corporation;
WHEREAS, the City of Okeechobee, Florida is aware of no
default on the part of Ultracom with respect to the
Franchise and desires to grant it consent to the purchase of
the stock of Ultracom.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF
OKEECHOBEE, FLORIDA;
Section 1. That the above and foregoing recitals
are true and correct.
Section 2. That the City of Okeechobee, Florida
hereby acknowledges and consents to the
purchase of the stock of Ultracom of
Dade County, Inc. by Florida Cablevision
Management Corporation.
Section 3. That the City of Okeechobee, Florida
hereby consents to a subsequent transfer
or assignment of the Franchise to a
wholly-owned subsidiary of Florida
Cablevision Management Corporation and
consents to a granting of a security
interest in the Franchise or in the
related plant or system. Provided
however, that nothing contained in this
Section 3 shall be deemed an amendment
to the Franchise, but rather only a
transfer of the Franchise or a
clarification of the terms of the
Franchise.
PASSED AND ADOPTED this 15th day of MARCH, 1988.
-cm OF OKEECHOBEE, FLORIDA
i
MAYOR OAKLAND CH AN
. ATTEST:
BONNIE S. THOMAS, CITY CLERK