HomeMy WebLinkAbout02-133 - ADMIN Resolution - City Council - 2002/11/04•
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RESOLUTION NO. 02-133
A RESOLUTION PROVIDING FOR THE CHANGE IN
CONTROL OF A CABLE TELEVISION FRANCHISEE
Date: November 4, 2002
Motion By Councilmember Brimeyer
Seconded By Councilmember Nelson
Motion passed 6-0
WHEREAS, the City Council of St. Louis Park ("Franchising Authority") has
granted a franchise to a subsidiary (the "Franchisee") of AOL Time Warner Inc. to
provide cable television service;
WHEREAS, the Franchisee and AOL Time Warner propose a corporate
restructuring, and
WHEREAS, federal and state law requires the Franchising Authority to review the
proposed transfer to determine whether the restructured company will have the legal,
technical and financial capabilities to continue to provide cable television service within
the City in accordance with the terms and conditions of the existing franchise
NOW, THEREFORE, THE ST. LOUIS PARK CITY COUNCIL RESOLVES AS
FOLLOWS•
1. To the extent required under the terms of the Franchise and state and federal
law, the City Council of St. Louis Park, Minnesota, as the Franchising
Authority, authorizes and consents to the proposed change in control of the
Franchisee resulting from the Transaction.
2. The Franchisee shall remain responsible for all obligations under the
Franchise.
3. The foregoing consent shall be effective upon the closing of the Transaction.
Review -d for Administration:
Attest.
c, C
A
by
ty Council November 4, 2002
Mayo