HomeMy Public PortalAbout1998-21 Cable Television FranchiseS ORDINANCE NO. 1998 -21
AN ORDINANCE OF THE CITY OF GREENCASTLE
APPROVING THE TRANSFER OF THE CABLE TELEVISION FRANCHISE
WHEREAS, TCI of Indiana, Inc. ( "Franchisee '') owns, operates, and maintains a
cable television system ( "System ") in the City of Greencastle, Indiana (the "Franchise
Authority'), pursuant to a Franchise Agreement dated November 3, 1997 (the
"Franchise "), and Franchisee is the duly authorized holder of the Franchise; and
WHEREAS, Franchisee, Insight Communications Company, L.P. ( "Insight "), and
Insight Communications of Indiana. LLC ( "Transferee "), together with certain other
related parties, are parties to an Asset Contribution Agreement and an Operating
which the System and the Franchise (after one or more
Agreement, pursuant to
intermediate transfers pursuant to an in restructuring of Franchisee) will be
transferred to Transferee (the "Transfers "), and
V% /HEREAS, Franchisee and Transferee have requested consent by the
Franchise Authority to the Transfers in accordance with the requirements of the
Franchise and have filed an FCC Form 39q with the Franchise Authority, and
WHEREAS, the Franchi Authority has investicated the qualifications of
Transferee and finds it to be a suitable transferee:
AINED 'ov the Commcn Council of the City of
NOW, THEREFORE. BE IT ORD
Greencastle as follows:
SECTION 1. The Franchise Authority 'hereby consents to the Transfers. all In
accordance with the terms of the Franchise.
SECTION 2. The Franchise Authority confirm
Franchis th es F curren currently w full force
Properly granted or transferred to Franchi e , (b)
and effect and will expire on November 15. 2007, subject to options in the Franchise, if
ersedes all other agreements between
any, effect
extend such term, (c) the Franchise sup
the parties, (d) the Franchise represents the entire understanding of the parties and
Franchisee has no obligations t Franchisee is materially in compliance fically
stated in the Franchise, and (e)
provisions of the Franchise and there exists no fact or circumstanca known to the
Franchise 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.
® SECTION 3. Transferee may not transfer the Franchise or control related
thereto to any entity controlling, controlled by, or under common control with
Transferee, without the prior consent of the Franchising Authority.
" S E C T I O N 4 , T h i s O r d i n a n c e s h a l l b e d e e m e d e f f e c t i v e u p o n t h e c l o s i n g o f t h e
T r a n s f e r s ( t h e " C l o s i n g D a t e " ) .
S E C T I O N 5 . T h i s O r d i n a n c e s h a l l h a v e t h e f o r c e o f a c o n t i n u i n g a g r e e m e n t w i t h
F r a n c h i s e e a n d T r a n s f e r e e , a n d F r a n c h i s e A u t h o r i t y s h a l l n o t a m e n d o r o t h e r w i s e a l t e r
t h i s O r d i n a n c e w i t h o u t t h e c o n s e n t o f F r a n c h i s e e a n d T r a n s f e r e e .
P A S S E D A N D A D O T E D b y t h e C o m m o n C o u n c i l o f t h e C i t y o f G r e e n c a s t l e ,
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1 9 9 8 , a t 2 ' ����f ' C r o ' c l o c m .
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o ' c l o c k / 2 M .
N a n c y A . c h a e l , M a y o r
T T S :
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