2005-07 Cable TVRESOLUTION NO. 05 -07
A RESOLUTION OF THE CITY OF OKEECHOBEE, FLORIDA GRANTING
CONSENT BY THE CITY COUNCIL TO ASSIGNMENT FROM TELESAT
ACQUISITION LIMITED PARTNERSHIP "TALP (ALSO KNOWN AS
ADELPHIA COMMUNICATIONS CORPORATION) TO AN AFFILIATE OF
TIME WARNER AND CONSENT TO THE CHANGE OF CONTROL FROM
TIME WARNER TO A WHOLLY OWNED SUBSIDIARY OF COMCAST
CORPORATION AS THE CABLE TELEVISION PROVIDER FOR THE CITY
OF OKEECHOBEE, FLORIDA; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, a cable television franchise has been granted by the City of Okeechobee,
Florida "Franchise Authority to an entity "Franchisee that is an indirect
subsidiary of Adelphia Communications Corporation "Adelphia and
WHEREAS, Adelphia is currently in Chapter 11 bankruptcy proceedings; and
WHEREAS, pursuant to an Asset Purchase Agreement dated April 20, 2005 between
Adelphia and Time Warner NY Cable LLC "TWNY the right to purchase the
Franchisee cable system will be assigned by TWNY to a wholly owned subsidiary
of TWNY, Cable Holdco Exchange II LLC which will purchase the cable system and
franchise (the "Adelphia Transaction and
WHEREAS, pursuant to an Exchange Agreement dated April 20, 2005 between Time
Warner Cable Inc. and Comcast Corporation "Comcast"), 100 percent of the equity
securities in the Comcast subsidiary CAP Exchange I, LLC will be exchanged for
100 percent of the equity securities of Cable Holdco Exchange II LLC whereby that
entity will become a 100 percent indirect subsidiary of Comcast (the "Exchange
Transaction and
WHEREAS, Franchise Authority has concluded its approval is necessary for the above
described Adelphia Transaction and Exchange Transaction and has been provided
an FCC Form 394 and related information for such Transactions; and
WHEREAS, the Franchise Authority is willing to consent to the Adelphia Transaction and
the Exchange Transaction described above.
NOW, THEREFORE, be it resolved before the City Council for the City of Okeechobee,
Florida; presented at a duly advertised public meeting; and passed by majority vote
of the City Council; and properly executed by the Mayor ro designee, as Chief
Presiding Officer for the City:
SECTION 1. The foregoing recitals are approved and incorporated herein by
reference.
SECTION 2. The Franchise Authority consents to the Adelphia Transaction
described herein.
SECTION 3. The Franchise authority consents to the Exchange Transaction
described herein.
SECTION 4. This Resolution shall be deemed effective upon adoption.
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INTRODUCED AND ADOPTED this 21S day of June, 2005.
ATTEST:
SECTION 5. This Resolution shall have the force of a continuing agreement with
the Franchisee and the Franchise Authority shall not amend or otherwise alter this
Resolution without the consent of the Franchisee.
0114.LQCiAli0
Lane'Gamiotea, MC, City Clerk
REVIEWED FOR LEGAL SUFFICIENCY:
John R. Cook, City Attorney
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