HomeMy Public PortalAboutOrdinance 1666ORDINANCE NO. 16 6
ORDINANCE OF THE VILLAGE OF PLAINFIELD
APPROVING THE MERGER BETWEEN
CONTINENTAL CABLEVISION, INC. AND U S WEST, INC.
WHEREAS, Continental Cablevision of Northern Illinois, Inc., is the duly authorized balder of a
fi-anchise (as amended to date, the "Franchise") authorizing the operation and maintenance of a cable
television system and authorizing Franchisee to serve the Village of Plainfield ("Franchise Authority);
and
WHEREAS, Franchisee is a subsidiary of Continental Cablevision, Inc. ("Continental"); and
WHEREAS, Continental and U S WEST, Inc. ("U S WEST") have entered into an Agreement and
Plan of Merger dated as of February 27, 1996 (the "Agreement"), subject to, among other
considerations, any required approval of the Franchise Authority with respect thereto; and'
WHEREAS, in connection with the merger (the "Merger") contemplated by the Agreement, the
parent company Continental will merge with U S WEST or with awholly-owned subsidiary of U S
WEST; and
WHEREAS, Franchisee will remain in place and continue to hold the Franchise; and
WHEREAS, U S WEST may thereafter assign or transfer the control related to Continental to an
entity controlling, controlled by or under common control with U S WEST; and
WHEREAS, to the extent the Franchise requires, Continental and U S WEST now seek approval of
the transfer of control from Continental to U S WEST;
NOW, THEREFORE, BE TT ORDAINED BY THE VILLAGE OF PLAINFIELD AS FOLLOWS:
SECTION 1. To the extent that the consent of the Franchise Authority is required by the terms of
the Franchise and applicable law, the Franchise .Authority hereby consents to the transfer of control
of the Franchise, which is currently in full force and effect with no .known outstanding defaults or
breaches thereunder.
SECTION 2. U S WEST may thereafter assign or transfer the Franchise or control related thereto
to an entity controlling, controlled by or under common control with U S WEST .upon notice to the
Franchise Authority.
SECTION 3. This Ordinance shall have the force of continuing agreement between Franchisee and
the Franchisc Authority, and the Franchise Authority shall' not, amend or otherwise alter this
Ordinance without the consent of Franchisee and U S WEST.
PASSED, ADOPTED AND APPROVED this 15 t};~ day of J u 1 y , 1 g96.
By:
illage President
ATTES7C:
Jerk
*******************s****************
I, the undersigned, being duly appourted, qualified and acting Clerk of the Village of Plainfield, hereby
certify that the foregoing Ordinance No. 16 6 6 is a true, correct and accurate copy as duly
and lawfully passed and adopted by the governing body of the Village of Plainfield on the 15 day
of ~ u 1 y , 199b.
Clerk