HomeMy WebLinkAbout2002-06-11 - RESOLUTIONS - CABLE COMMUNICATION FRANCHISE (2)RESOLUTION NO. 02-89
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, APPROVING THE
CHANGE OF CONTROL OF THE
CABLE COMMUNICATIONS FRANCHISEE
WHEREAS, King Videocable Company, locally known as AT&T Broadband
("Franchisee") is duly authorized to operate and maintain a cable communications system
in Santa Clarita (the "System") by the City of Santa Clarita ("Franchise Authority") and is
an indirect subsidiary of AT&T Corp. ("AT&T"), and AT&T intends to merge its subsidiary
AT&T Broadband Corp. with Comcast Corporation ("Comcast") to create a new company to
be known as AT&T Comcast Corporation ("AT&T Comcast") pursuant to the terms of an
Agreement and Plan of Merger, dated December 19, 2001, by and among AT&T Corp.,
AT&T Broadband Corp., Comcast Corporation and certain of their respective affiliates, and
a Separation and Distribution Agreement, dated December 19, 2001, by and between AT&T
Corp. and AT&T Broadband Corp. (the "Merger"); and
WHEREAS, prior to the Merger, pursuant to an internal corporate restructuring,
the cable franchise or stock of the Franchisee, or indirect ownership of the Franchisee, may
be transferred through one or more internal transfers or mergers to another direct or
indirect subsidiary of AT&T, or Franchisee may elect as permitted by law to convert or
reorganize its legal form to a limited liability company (together with the Merger, the
"Transactions"); and
WHEREAS, following the Transactions, the resulting entity will be controlled by
AT&T Comcast but will continue to operate the System and continue to hold and be
responsible for performance of the cable franchise; and
WHEREAS, Franchisee and AT&T Comcast have requested that Franchise
Authority consent to the Transactions in accordance with the requirements of the cable
franchise and have filed an FCC Form 394 ("Transfer Application") with the Franchise
Authority requesting such consent of the Transactions; and
NOW, THEREFORE, the City Council of the City of Santa Clarita does resolve as
follows:
SECTION 1. The Franchise Authority hereby consents to the Transactions to the
extent that such consent is required by the terms of the Franchise and applicable law.
SECTION 2. Franchisee will continue to pay franchise fees as specified in the
franchise agreement to the extent consistent with applicable law.
SECTION 3. This Resolution shall be deemed effective in accordance with
applicable law.
PASSED, APPROVED AND ADOPTED this 11th day of June, 2002.
ATTEST:
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, CMC, City Clerk of the City of Santa Clarita, do hereby certify
that the foregoing Resolution was duly adopted by the City Council of the City of Santa
Clarita at a regular meeting thereof, held on the 11th day of June, 2002, by the following
vote:
AYES: COUNCILMEMBERS: McLean, Kellar, Weste, Smyth
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Ferry
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council/AT&T Transfer Agenda