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HomeMy WebLinkAboutResolution-1993-1339 RESOLUTION NO. 1339 Series of 1993 TITLE: A RESOLUTION APPROVING THE TRANSFER AND ASSIGNMENT BY TIME WARNER ENTERTAINMENT COMPANY, L.P., dba TIME WARNER CABLE TO TCI CABLEVISION OF TEXAS, INC. OF THE PERMIT TO OPERATE A CABLE TELEVISION SYSTEM IN THE CITY OF WHEAT RIDGE, COLORADO WHEREAS, Time Warner Entertainment Company, L.P., d/b/a Time Warner Cable ("Permittee") owns, operates, and maintains a cable television system ("System") in the City of Wheat Ridge, Colorado (" permi t Authority"), pursuant to Ordinance No. 369 effective November 2, 1979, Ordinance No. 457 effective August 21, 1981, Ordinance No. 492 effective May 21, 1982, Resolution No. 797 dated July 12, 1982, Permit dated July 13, 1982, as amended by Minute Order dated October 28, 1983, and Resolution No. 1816 dated October 26, 1992 ("Permit"), and Permittee is the current authorized holder of the Permit; and WHEREAS, Permittee proposes to assign and transfer all of the assets of the system (the "Transaction"), including the Permit, to TCI Cablevision of Texas, Inc., a Texas corporation (including its successors and assigns, "TCIC-TX"); NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge as follows: SECTION 1. The Permit authority hereby consents to and approves the assignment and transfer of the Permit to TCIC-TX, its successors and assigns. SECTION 2. The consent of the Permit authority to the transfer to TCIC-TX and the assumption by TCIC-TX of the Permit with respect to the period from and after the closing of the Transaction (the "Closing"), subject to applicable federal and state law, shall be contingent upon and take effect only on and after the date of Closing (the "Effective Date"). SECTION 3. TCIC-TX and, to Authori ty, agree as follows, and after the Effective Date: the extent applicable the Permit such agreement to be effective on a. Within 180 days following the Effective Date, TCIC-TX will have made available to any subscriber of the System who has subscribed to such service, addressable technology which allows the subscriber to access the System's pay-per-view services with the use of a converter box. At this time, TCIC-TX provides the converter box to subscribers at no cost. b. TCIC-TX agrees to comply with all provisions of the Permit with respect to the period from and after the Effective Date, and in particular reaffirms its obligation to comply with the community programming, equipment and personnel requirements of the Permit. TCIC-TX agrees to maintain and make available for the exclusive use of the City, the community access van which was provided by Permittee to the city in 1992. c. TCIC-TX will implement customer service standards consistent with the standards to be promulgated by the Federal Communications Commission under Section 632(b) of the Communications Act of 1934 (the "FCC Standards"), and additional standards may be implemented upon the mutual agreement of the city and TCIC-TX. The customer service standards implemented by TCIC-TX pursuant to this paragraph will be enforceable under Section 632 of the Communications Act of 1934. d. The Permit Authority hereby waives all requirements in the Permit or any other resolution or agreement with respect to the System that a home security service be provided to subscribers of the System and the Permit and any other such resolution or agreement are hereby amended to delete such requirement. e. TCIX-TX agrees to provide Channels 8 and 22 for the Permi t Authority's sole use for purposes of local access and government programming. SECTION 4. TCIC-TX may transfer the Permit or control related thereto to TCI Cablevision of Colorado, Inc. upon notice to the Permit Authority of such transfer. SECTION 5. The Permit Authority hereby consents to and approves the assignment, mortgage, pledge, or other encumbrance by TCIC-TX of the Permit, System or assets relating thereto, if any, as collateral for a loan. SECTION 6. The Permit Authority confirms that, as of the date of this Resolution: (a) the Permit was properly granted; (b) the Permit is valid and remains in full force and effect and expires on July 13, 1997; (c) Permittee is in substantial compliance with the provisions of the Permit; and (d) Permittee is recognized as the present holder and owner of the Permit. SECTION 7. The transfer of the Permit to TCIC-TX, its successors and assigns, shall be effective upon the satisfaction of any and all outstanding financial obligations of the Permittee and TCIC- TX. Duly and lawfully PASSED, ADOPTED AND APPROVED City Council of the City of Wheat Ridge this 8th of February , 1993. ATTEST: " ! ,f. t t "-( "'-- WANDA SANG, ".--) ~A~ ; JfN~ER:}J~/ by the day MAYOR