The URL can be used to link to this page

Home My Public Portal AboutResolution 1135RESOLUTION 113 5 A RESOLUTION CONSENTING TO THE TRANSFER OF THE VILLAGE OF PLAINFIELD FRANCHISE FROM CONTINENTAL CABLEVISION OF WILL COUNTY, L.P. TO CONTINENTAL CABLEVISION OF NORTHERN ILLINOIS, INC. WHEREAS, Cantinental Cablevision, Inc. through a wholly owned subsidiary acquired American Cablesystems, Inc. in February 1988; and WHEREAS, through the acquisition of American Cablesystems, Continental Cablevision, acquired the franchise to provide cable service in the Village of Flainfield; and WHEREAS, Continental Cablevision, Inc. now desires to transfer the Plainfield franchise from Continental Cablevision of Will County, L.P., (CCWC), a Massachusetts limited partnership to Continental Cablevision of Northern Illinois, Inc., (CCNII), a Delaware corporation; and WHEREAS, Continental Cablevision, Inc. and Continental Cablevision of Will County, L.F., have represented to the Village of Plainfield that said transfer involves no change in the control of the franchise ar the effect of ownership of the franchise. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD AS FOLLOWS: Section 1. That pursuant to Ordinance Number 1096, Section 18, which granted the franchise above described; the Village, hereby consents to the transfer of the franchise from Continental Cablevision of Will County, L.P. to Continental Cablevision of Northern Illinois, Inc. subject to the conditions set forth in the below Section 2. Section 2. That the above described consent shall be subject to and conditioned upon the receipt of a certified copy of the resolution authorizing the transfer from Continental Cablevision of Will County, L.P. to Continental Cablevision of Northern Illinois, Inc. and the receipt of insurance policies or certificates of insurance and surety and all other bonds being issued to Continental Cablevision of Northern Illinois, Inc. evidencing the Village of Plainfield as an insured and as an obligee respectively. Section 3. That this Resolution shall be in effect from and after its passage and approval according to law. PASSED THIS DAY OF _,,.,pprornr,or , 1995. APPROVED THIS 18th DAY OF December ____ , 1995. Y ~ _ x~. October 16, 1995 The Honorable John Peterson, Mayor Village of Plainfield 1400 Division Street Plainfield, IL 60544 Dear Mayor Peterson: 'b~~~ -, -. Continental Cablevision Please be advised that later this year, Continental Cablevision is planning to transfer the Plainfield franchise from the books of Continental Cablevision of Will County, L.P., a Massachusetts limited partnership (CCWC) to Continental Cablevision of Northern Illinois, Inc. (CCNII), a Delaware corporation. CCNII is a wholly owned subsidiary of Continental .Cablevision, Inc. (CCI), the ultimate parent of CCWC. This transaction involves no-change of control in that CCI has enjoyed the complete right of control of CCWC since it acquired ownership of American Cablesystems in 1988. Additionally, the change in ownership is simply a transfer from one wholly owned corporate entity to another wholly owned corporate entity where CCI's ultimate ownership was approved with the .American transfer. Continental is effecting this transfer in an effort to reduce its auditing, budgeting and other accounting procedures and obligations. The Village's Ordinance is unclear as to whether prior consent is required in such a circumstance as this. I have therefore taken the liberty of drafting a resolution consenting to the transfer, if necessary, for your consideration. Should you have any questions, please feel free to contact me. g RER/slp Enclosure Sincerely, ..~-.-~ .. fior Roger C , Goverent Relations Mana er 1304 Marquette. Drive • Romeoville, Illinois 60441 • (815) 8$6-9200 • Fax (708) 759-2611 Equal Opportunity Employer ~s r r ~ VILLAGE OF PLAINFIELD RESOLUTION AN RESOLUTION TRANSFERRING THE VILLAGE OF PLAINFIELD FRANCHISE FROM CONTINENTAL CABLEVISION OF WILL COUNTY, L.P. TO CONTINENTAL CABLEVISION OF NORTHERN ILLINOIS, INC. WHEREAS, Continental Cablevision, Inc. through a wholly owned subsidiary acquired American Cablesystems, Inc. in February 1988; and, WHEREAS through the acquisition of American Cablesystems, Continental ... - ___ Cablevision acquired the franchise to provide cable service in the Village of Plainfield; and, WHEREAS Continental Cablevision now desires to transfer the franchise from the ' books of Continental Cablevision of Will County, L.P., (CCWC) a Massachusetts limited partnership to Continental Cablevision of Northern Illinois, Inc. (CCNII), a Delaware corporation; and, WHEREAS said transfer involves no change in the control of the franchise or the effective ownership of the franchise. NOW, THEREFORE, BE IT RESOLVED.. AS FOLLOWS: Section 1: To the extent required by the Village's ordinance, consent is hereby granted to the transfer of the franchise from Continental Cablevision of Will County, L.P., to Continental Cablevision of Northern Illinois, Inc. Section 2: This resolution shall be in effect from and after its passage and adoption according to law. Mayor Passed: , 19 ATTEST: