HomeMy WebLinkAboutRES 2000-067 RESOLUTION NO. 2000-67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TRANSFER OF
CABLE TELEVISION FRANCHISE WITH TEXAS CABLE
PARTNERS, L. P. TO TCI OF ILLINOIS, INC. AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Texas Cable Partners, L.P., a Delaware limited partnership
("Franchisee") owns, operates and maintains a cable television system (the "System") in
the City of Grapevine, Texas (the "Franchise Authority"), pursuant to a cable franchise (the
"Franchise"), and the Franchisee is the duly authorized holder of the Franchise;
WHEREAS, Franchisee, TCI Cablevision of Texas, Inc. Communications Services,
Inc., and Heritage Cablevision of Texas Inc., are parties to that certain Asset Exchange
Agreement dated as of August 23, 2000 (the "Exchange Agreement"), which provides for
the transfer of the System and the Franchise to TCI of Illinois, Inc. or its affiliate
("Transferee") at the closing contemplated by the Exchange Agreement (the "Closing");
WHEREAS, as of the date of closing of the transfer from Texas Cable Partners, L.P.
to Transferee, TCI of Illinois, Inc., does accept said assignment and assume all of the
duties and obligations of Texas Cable Partners, L. P. in the said Franchise Agreement
from and after the closing date.
WHEREAS, the Franchise Authority has investigated the qualifications of Transferee
and has received assurance the franchise would be honored and deems the transfer of the
Franchise to Transferee (the "Transfer") to be reasonable.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That all matters stated in the above preamble are true and correct and
are incorporated herein as if copied in their entirety.
Section 2. That the Franchise Authority hereby consents to the Transfer of the
Franchise to Transferee, all in accordance with the terms of the Franchise.
Section 3. That this resolution shall take effect from and after the date of the
closing.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 5th day of December, 2000.
APPROVED:
William D. Tate
Mayor
ATTEST:
Cye)
Linda Huff
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
RES. NO. 2000-67 2