HomeMy WebLinkAboutR-99-42
RESOLUTION NO. R-99-42
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER
COUNTY, FLORIDA, APPROVING SALE OF FALCON CABLE
TO CHARTER COMMUNICATIONS, INe.; PROVIDING FOR
CONFLICT; PROVIDING FOR EFFECTIVE DATE.
WHEREAS, on December 16, 1998, the City of Sebastian approved Ordinance
No. 0-98-21 granting a cable franchise to Falcon Cable Media, a California limited
partnership; and
WHEREAS, under section 13 of said Franchise, any sale of Falcon must be
..approved by the City, which approval cannot be unreasonably withheld; and
WHEREAS, on May 26, 1999, the parent companies of Falcon Cable Media
entered into an agreement to sell their interests to Charter Communications, Inc., a
Delaware corporation; and
WHEREAS, the City has been provided with exhaustive documentation on the
sale transaction; and
WHEREAS, the City finds no reasonable basis to withhold approval of the
proposed sale.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF SEBASTIAN, as follows:
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.
Section 1.
APPROVAL. The City Council of the City of Sebastian hereby
grants approval to the sale of Falcon Cable Media, a California limited partnership, to
Charter Communications, Inc., a Delaware corporation, as set forth in the PURCHASE
AND CONTRIBUTION AGREEMENT dated May 26,1999, based upon the assumption
of the duties and obligations of the Franchisee under Ordinance 0-98-21 by Charter
Communications, Inc.
Section 2.
CONFLICTS.
All resolutions or parts of resolutions in
conflict herewith are hereby repealed.
Section 3.
EFFECTIVE DATE. This resolution shall take effect immediately
upon its adoption.
~ motion to adopt the foregoing Resolution was made by Counc7ber
b~ . The motion was seconded by Councilmember J/dA9;j k
and, upon being put to a vote, the vote was as follows:
Mayor Martha S. Wininger
Vice-Mayor Chuck Neuberger
Councilmember Joe Barczyk
Councilmember Ben A. Bishop
Councilmember Edward 1. Majcher, Jf.
.....
The Mayor thereupon declared this Resolution duly passed and adopted this 28th
day of July, 1999.
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Kathryn M. O'Halloran, CMC/ AAE
City Clerk
CITY OF SEBASTIAN, FLORIDA
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Martha S. Wininger, Mayor ~
Approved as to form and legality for
reliance by the City of Sebastian only:
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Rich Stringer, City Art ey
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