HomeMy WebLinkAbout1999-02 Consenting to Assignment or Transfer of Control of Cable Television FranchiseRESOLi1'i'.ION NO. 2
SERIES OF 1999
A RESOLUTION CONSENTING TO ASSIGNMENT OR TRANSFER OF CONTROL
OF CABLE TELEVISION FRANCHISE.
WHEREAS, there presently exists a cable television franchise agreement between the
Town of Vail and TCI Cablevision of the Rockies, Inc. made and entered into the 5th day of
January, 1995; and
WHEREAS, the grantee of that franchise agreement is Cablevision VI, Inc., d/b/a TCI
Cablevision of the Rockies, Inc., a subsidiary of Telecommunications, Inc.; and
WHEREAS, effective June 23, 1998, Telecommunications, Inc. and AT&T Corporation
signed a Merger Agreement, under such terms, that AT&T will become the parent company of
TCI, which will continue to exist as a corporation and a wholely owned subsidiary of AT&T; and
WHEREAS, the cable television franchise between the Town of Vail and TCI
Cablevision of the Rockies, Inc. will continue to be held by the current franchisee; and
WHEREAS, Section 8-5-49 of the Town Code of the Town of Vail requires the Town's
consent for the sale or transfer or change in control of the franchisee.
NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado:
1. Upon consideration of the application by Telecommunications, Inc., parent of the
franchise holder, Cablevision VI, Inc. for the assignment or transfer of control of
the cable television franchise, the Town Council finds that the legal, financial
character and technical qualifications of the merged corporations are satisfactory.
2. The Town Manager is hereby authorized and directed to execute all
documentation necessary to formalize the Town of Vail's consent to the
application.
3. This resolution shall take effect immediately upon its passage.
INTRODUCEDfi ,,READ,,APPROVED AND ADOPTED 's .-? -c ay of January, 1999.
ATTEST:
6.216'
Lorelei Donaldson, Town Clerk
C:SRESOLU99.2
Robe E. Ford, Mayor