HomeMy WebLinkAboutResolution - 2795 STATE OF CALIFORNIA ) RESOLUTION NO. 2795
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, APPROVING THE TRANSFER OF A CABLE
TELEVISION FRANCHISE TO CAC EXCHANGE I, LLC, A
SUBSIDIARY OF TIME WARNER CABLE INC., PURSUANT TO
CERTAIN CONDITIONS
WHEREAS, for the protection of the health, safety and welfare of its citizens, the
City of San Jacinto ("City") grants franchises to private cable television operators to
provide cable television services within the boundaries of the City; and
WHEREAS, the City previously granted an award of a cable television franchise
to install, operate, and maintain a cable television system within the boundaries of the
City ("Franchise") to an entity ("Franchisee") controlled by Adelphia Communications
Corporation and doing business as Adelphia Cable ("Adelphia"); and
WHEREAS, pursuant to an Asset Purchase Agreement dated April 20, 2005
between Adelphia and Comcast Corporation ("Comcast), an indirect wholly-owned
' subsidiary of Comcast will acquire Adelphia's interest in the Franchisee (the "Adelphia
Transaction"); and
WHEREAS, pursuant to an Exchange Agreement ("Exchange") between Time
Warner Cable, Inc. (`Time Wamer') and Comcast dated April 20, 2005, Comcast will
cause the Franchisee to assign the Franchise to CAC Exchange I, LLC ("New
Franchisee") and the New Franchisee will become an indirect subsidiary of, and will do
business as, Time Warner Cable; and
WHEREAS, Time Warner and Comcast have filed Federal Communications
Commission ("FCC") Forms 394 to provide details regarding the Adelphia Transaction
and the Exchange and to establish the qualifications of the New Franchisee; and
WHEREAS, the New Franchisee expressly agrees to assume the obligations
under the Franchise upon the close of the Exchange; and
WHEREAS, the City desires to approve the Adelphia Transaction, the Exchange,
and the transfer of the Franchise to the New Franchisee as described above, subject to
certain conditions and the reservation of certain rights.
NOW, THEREFORE, BE IT RESOLVED, ordered and determined by the City
Council of the City of San Jacinto as follows:
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