2000-059 Resolution - Laserfiche WebLink

Home Browse Search

, CITY OF NORTH OLMSTED RESOLUTION NO. 2000-59 BY: THE MAYOR AND ENTIRE COUNCII., A CONSENT RESOLUTION AUTHORIZING THE TRANSFER OF CONTROL OF THE CABLE TELEVISION FRANCHISE AND DECLARING AN EMERGENCY. WHEREAS, Cablevision of the Midwest, Inc. currently holds a cable television franchise (the "Franchise") to conduct, own and operate a cable television system (the "System") operating in the City of North Olmsted (the "City"); and WHEREAS, Cablevision of the Midwest, Inc. is an indirect wholly-owned subsidiary of Cablevision Systems Corp., a Delaware corporation ("Cablevision"); and WHEREAS, Cablevision of the Midwest, Inc. and Adelphia Communications Corporation ("Adelphia") have entered into an Agreement and Plan of Reorganization, dated as of December 8, 1999 (the "Merger Agreement"), providing for, among other things, control of Cablevision of the Midwest, Inc. and the System to be transferred to a wholly-owned subsidiary of Adelphia (the "Transfer") and requiring Cablevision to obtain any required consents of governmental franchising authorities for the Transfer pursuant to applicable law and the Franchise; and WHEREAS, Cablevision of the Midwest, Inc. and Adelphia have jointly submitted to the Council of the City of North Olmsted (the "Council") an application on Federal Communications Commission ("FCC") Form 394 requesting consent for the Transfer and have submitted such other information concerning the Transfer and Adelphia as required by law and the Franchise and as requested by the Council (collectively, the "Transfer Application"); and WHEREAS, the Council has reviewed the Transfer Application, examined the legal, financial and technical qualifications of Adelphia, followed all required procedures in order to consider and act upon the Transfer Application, and considered the comments of all interested parties; and WHEREAS, Cablevision of the Midwest, Inc., which will become a wholly- owned subsidiary of Adelphia, will continue to hold the Franchise and operate the System in the City subsequent to the Transfer to Adelphia; and WHEREAS, the Council believes it is in the interest of the City to approve the Transfer Application and the Transfer of Cablevision of the Midwest, Inc. and the System to Adelphia, as described in the Transfer Application;