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R00-094 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 21 22 23 24 25 26 27 28 29 30 RESOLUTION NO. /P,O~--~,~ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF THE CABLE TELEVISION FRANCHISE FROM COMCAST CABLEVISION OF WEST PALM BEACH TO ADELPHIA COMMUNICATIONS CORPORATION; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Comcast Cablevision of West Palm Beach, Inc. (the "Franchisee") currently owns and operates a cable television system (the "System") in the City of Boynton Beach (the "Franchise Authority") and is the duly authorized holder of a franchise, granted by the Franchise Authority (as amended to date, the "Franchise"); and WHEREAS, Comcast Corporation, the parent company of the Franchisee, and Adelphia Communications Corporation ("Adelphia") have entered into an agreement (the "Exchange Agreement"), dated May 25, 1999, pursuant to which Comcast has agreed to transfer substantially all of the assets of the System including its fights under the Franchise, to Adelphia or its subsidiaries in a series of transactions in which (i) the Franchise, through a series of internal transactions, shall be assigned to Comcast Cablevision of West Palm Beach, LLC (the "New Franchisee"); and (ii) all of the New Franchisee's interest in the New Franchisee will be transferred to Montgomery Cablevision Associates, L.P. ("Transferee"), a wholly-owned indirect subsidiary of Adelphia (the "Transactions"); and WHEREAS, Franchisee and Transferee have requested consent by the Franchise Aut~ofity to the Transactions in accordance with the requirements of the Franchise and have filed an FCC Form 394 (the "Transfer Application") with the Franchise Authority describing both the Transferee and the Transactions; and KLE/hm 6115100 C:\WINDOWS\TEMP\COMCAST TO ADELPHIA RESO.doc Page 1 of 4 Pages 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 WHEREAS, the Franchise Authority has reviewed the Transfer Application, examined the legal, financial and technical qualifications of Transferee, followed all required procedures in order to consider and act upon the Transfer Application, and considered the comments of all interested parties; and WHEREAS, the Franchise is in full force and effect without default thereunder by Franchisee as of the date hereof in accordance with its terms and conditions as set forth therein, and Transferee has agreed to comply with the Franchise and applicable law fi:om and after the completion of the transfer; and WHEREAS, the Franchise Authority believes it is in the interest of the Franchise Authority to approve the Transfer Application and the transfer of control of the Franchise to Transferee, all as described in the Transfer Application. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA: Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as being tree and correct and are hereby made a specific part of this Resolution upon adoption hereof. Section 2. The Franchise Authority hereby consents to the Transactions, all in accordance with the terms of the Franchise. Section 3. The Franchise Authority confirms that (a) the Franchise was properly granted or transferred to Franchisee, (b) the Franchise represents the entire understanding of the parties and Franchisee has no obligations to the Franchise Authority other than those specifically stated in the Franchise, and (c) Franchisee is materially in compliance with the provisions of the Franchise and there exists no fact or circumstance known to the Franchise KLP~hm 6/15/00 C:\WINDOWS\TEMP\COMCAST TO ADELPHIA RESO.doc Page 2 of 4 Pages 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Authority which constitutes or which, with the passage of time or the giving of notice or both, would constitute a material default or breach under the Franchise or would allow the Franchise Authority to cancel or terminate the rights thereunder, except upon the expiration of the full term of the Franchise. Section 4. This Resolution shall be deemed effective for purposes of the Transactions upon the consummation of the transactions contemplated by the Exchange Agreement. Section 5. its subsidiaries, effective upon the consummation of the Transactions contemplated by the Exchange Agreement, from all obligations and liabilities under the Franchise that accrue on and after the consummation of the Transactions contemplated by the Exchange Agreement; provided that the New Franchisee shall be responsible for any obligations and liabilities under the Franchise that accrue on and after the consummation of the Transactions contemplated by the Exchange Agreement. Section 6. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 7. If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. Section 8. This Resolution shall become effective upon adoption. The Franchise Authority releases Comcast Corporation and each of I~E/hm 6115/00 C:\WINDOWS\TEMP\COMCAST TO ADELPHIA PESO.doe Page 3 of 4 Pages ,1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ~ 21 22 23 ~ 24 25 26 27 28 29 30 PASSED AND ADOPTED BY THE CITY COMMISSION OF THE CITY OF ;OYNTON BEACH, FLORIDA, THIS SUE KRUSE,~M~fAAE, CITY CLERK APPdVED ~S ~,0 FORM: ~ DAY OF ~.taq ,2000. COMMISSIONER C~ SSIONE ~ae/'i KLE/hm 6/15/00 C:\WINDOWS\TEMP~COMCAST TO ADELPHIA RESO.doc Page 4 of 4 Pages