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HomeMy Public PortalAboutRES 95/11RESOLUTION NO. 95 -11 A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, AUTHORIZING THE TRANSFER OF THE NON - EXCLUSIVE CABLE TELEVISION FRANCHISE OF FAIRBANKS COMMUNICATIONS, INC., D /B /A LEADERSHIP CABLEVISION, AWARDED BY ORDINANCE NO. 86 -5, TO LEADERSHIP ACQUISITION LIMITED PARTNERSHIP; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town Commission of the Town of Gulf Stream adopted the Gulf Stream CATV Ordinance as Ordinance No. 86 -4 (the "CATV Ordinance "); and WHEREAS, on or about December 5, 1986, pursuant to the CATV Ordinance, the Town Commission of the Town of Gulf Stream, by Ordinance No. 86 -5, granted a non- exclusive franchise (the "Franchise ") to Fairbanks Communications, Inc., doing business as Leadership Cablevision ( "Fairbanks "), to own and operate a Cable Television System, as defined in the CATV Ordinance, in the Town of Gulf Stream; and WHEREAS, Fairbanks has entered into an Asset Purchase Agreement whereby Fairbanks has agreed to sell its cable television assets in Palm Beach County, Florida, including the Franchise to Leadership Acquisition Limited Partnership, a Delaware limited partnership; and WHEREAS, pursuant to Section 10 -16 of the CATV Ordinance, prior approval by the Town Commission by resolution is required to the transfer of the Franchise. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, as follows: Section 1. The Town Commission hereby approves the transfer of the Franchise to Leadership Acquisition Limited Partnership. Secttion 2. This Resolution shall become effective immediately upon passage. 1995. PASSED AND ADOPTED in regular session assembled this 9thday of August , T WN GULF T EAM, FLORIDA r OR 1 VICE MAYOR COMMISSION COMMISSIONER COMMISSIONER ATTEST: L(?-4& Z TOWN CLERK