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Home My WebLink About11/22/2002~0~ 1225 Main Street [] Sebastian, Florida 32958 Telephone (772) 589-5330 E] Fax (772) 589-5570 City Council Information Letter November 22, 2002 Stormwater Utility Capital Improvement Pro.qram As previously reported, City Council will have an opportunity to consider adoption of a proposed stormwater utility master plan during your next meeting scheduled to take place Wednesday December 11th. A vital component of the plan will include a capital improvement program element outlining projects necessary to enhance the community's drainage system, as well as relevant timeframes for implementation. A final document will be delivered circa one week prior to the meeting, providing you with an opportunity to digest and decipher the report in its entirety, as well as to address any applicable questions and/or concerns prior to the meeting. In addition, relevant financial transaction recommendations are anticipated to be presented December 11th, to include a presentation of options relative to effectively and efficiently funding applicable capital projects (e.g. potential bond financing supported by stormwater fee). If all goes well, respective projects can begin within the next several months. Status of United States Hi.qhwav One Improvement Pro.qral~ Yesterday afternoon, I was informed by Mr. Dewey Oliver, United States Highway One (US 1) Improvement Program Project Manager that both his firm, Keith & Schnars and the Florida Department of Transportation is currently in the process of formally concluding the US 1 project in the Sebastian area. As such, the Department of Public Works will be in position to resume maintenance activities beginning Monday, December 2nd pursuant to terms and conditions of a funding and beautification agreemeni the City enjoys with FDOT. Essentially, the City of Sebastian is responsible for the irrigation system and scheduling, mowing and weeding of US 1 medians located within the Sebastian Corporate Limits. Final landscaping to accommodate an existing median located between Coastline Tire and Strunk Funeral Home is also anticipated to be accomplished in December, City Council Information Letter November 22, 2002 Page 2 via the aforementioned resumption of maintenance, with additional plants and trees being provided and funded by FDOT. It is therefore safe to say that construction along US 1 is finally over (after nearly 16 months). Hopefully, FDOT will not be visiting Sebastian again anytime soon to make additional major modifications to US 1 in our community! Horizontal Mer.qer - AT&T Broadband Comcast Corporation Please find the attached facsimile letter as compiled and delivered by Mr. Filemon Lopez, Regional Vice President, Comcast Cable Communications, Inc. formally announcing that AT&T Broadband and Comcast completed its merger effective Monday November 18, 2002. As referenced in the correspondence, Comcast is now the leading broadband communications provider in the United States, serving over 22 million customers in 41 states, including Sebastian, Florida. As the merger has been successfully implemented, arrangements will therefore soon be made to offer additional technological upgrades to our community's cable system, notably additional channels as well as potential cable (broadband) internet services. Such enhancements are anticipated to begin sometime soon after the New Year. As such, I will be inviting a representative from the Comcast Corporation to discuss respective plans publicly in the coming weeks, so as to offer an opportunity for both staff and City Council to ascertain specific efforts in this regard prior to formal notices outlining such activities are delivered to customers. Out of the Office As next week officially begins the 2002 Holiday Season via the extended Thanksgiving Weekend, please be advised that I will be away for a few days visiting relatives beginning Wednesday November 27th and to return to City Hall Monday morning December 2"d. I will include with today's report contact information should any of you feel the need to speak with me while I am away. Any emergency/hazardous issues that may arise during this time may be addressed by contacting Police Chief Jim Davis directly. As such, no information letter will be delivered next week. To both you and your families, please have a happy and safe Thanksgiving Holiday (and weekend). Enclosure(s): Facsimile Transmittal - Comcast Contact Information -Sealed Personal Copies My Documents/InfoLetter157 Nov 19 02 02:41p AT&T B~ORDBRND 1(95~}533-5125 ( omcast TO: Mr. Terrence Moore FAX: (~5~) 589-5570 FROM: Filemon Lopez DATE: November 18, 2002 RE: Comcast / AT&T Broadband Merger PAGES: 4 including cover sheet [] Urgent [] For Review [] Please Comment [] Please Reply [] Please Recycle City of Sebastian Please see attached. If you have problems receiving this fax, please contact Teresa Bostic on (954) 534-7431. Thank you!! ,Hov 19 02 02:42p AT&T BROADBAND 1(S54)533-5129 o.~ omcas November 18, 2002 Comcast Cable Communications, Inc. 2501 8.W. 145*Avenue Miramar, FL 33027 The Honorable Walter W. Barnes Cit3, of Sebastian 1225 Main Street Sebastian, FL 32958 Dear Mayor Barnes: It is nay great pleasure to let you know personally that carter today Comcast Conporanon completed its merger with AT&T Broadband. With the finalization of this merger, our new company--Comcast Corporatiou--is now the leading broadband communications services provider in the nation, serving over 22 million customers in 41 states. And, we are pleased that the residents, businesses, and institutions of your commanity are now a part of the new Comcast family. Comcast is a company with a proud history dating bac& to 1963, whan we started our first small cable system in Tupelo, Mississippi. Since then, Comcast has eamad the reputation of being a company that is dedicated to serving its customers with integrity. And although our reach has broadened with this merger, our commitment to local communities like yours remains as constant as ever. Indeed, our goal is to utilize the combined expertise and initiative of Comcast and AT&T Broadband to ' ' . expand their availabil:;C,tease the choice of products and serwces we offer our customers and to The following press release includes some additional information about thc completed merger and the new Comcast Corporation. In the next few days you will be receiving additional materials about our company and the leadership team here in South Florida. As you may be able to gather from this letter, we are very excited about the future and the many possibilities that it holds for us. We are confident £aat our experience, dedication, and forward-looking perspeetive will put us in good stead as we face the many competitive challenges that lie ahead. Meanwhile, should you have any questions about the completed merger or need additional information concerning anything else, please do not hesitate to give me, or Klayton Fennell, our Regional Sr. Director of Government Affairs, a call. Best regards, F/lemon Lopcz Regional Vice President cc: Terrence Moore, City Manager .~ov 19 02 02:~2p RT&T B~ORDBR~D 1(95~)533-5129 p.3 omcast PRESS RELEASE Media Contact: Karen Dougherty Buchholz, Vice President, Corporate Comrnunieations Tim Fitzpafflck, Director of Corporate Communications Investor Contacts: Marlene S. Dooner, Vice President, investor Relations Kelley L. Claypool, DJrestor, Investor Relations Daniel J. GOodwin, Director, Investor Relatfons 215-981-8520 215-981-8515 215-981-7392 215-981-7729 215-951-7518 COMCAST COMPLETES AT&T BROADBAND TRANSACTION Company to Focus on Basic Video, Deploying Broadband Cable and Internet, and Customer Service Philadelphia - November 18, 2002 - Comcast Corporation (NASDAQ: ClVlCSA; CMCSK) today announced that its transaction with AT&T Broadband is ccmplete, bringing together cable assets serving more than 21.4 milfion subscribers in 41 states. The new Comcast Corporation, formerly named AT&T Comcast Corporation, provides digital cable to 6.3 million customers, high-speed data to more than 3.3 million customers and cable phone service to more than 1.3 million customers. Brian L. Roberts, Chief Executive Officer of Comcast, said, "This is an historic moment for the entire Comcast family - including our employees, customers and shareholders. This vibrant new company is a leader in serving consumers with exciting new products and technologies, and is focused on providing the highest standards in customer service. "Comcast is a financially strong company uniquely positioned to generate significant benefits for our customers and shareholders alike. Our focus now turns to bringing all of our cable systems up to the Comcast standard, quickly moving to deploy digital cable and data to meet the growing demand for these products, and continuing to deliver consistently strong financial results. I'm excited for the many opportunities that lie ahead of us," said Mr. Roberts. C. Michael Armstrong, Chairman of Comcast, said, "Today marks the birth of a leading national broadband communications media and entertainment company. The people of Comcast and AT&T Broadband should be proud of what they have created, and excited for the opportunities that the future is sure to bring. I'm looking forward to working closely with Brian and the management team to help reatize the potential of this great new company." . ~ov 19 02 02:~2p RT&T B~ORDBR~D 1(95~)533-5~29 ~.~ Under the terms of the previously announced transaction, AT&T has spun off AT&T Broadband and combined it with Comcast. As a result, AT&T shareholders are entitled to receive 0.3235 shares of the new Comcast Corporation Class A common stock in respect of each share of AT&T common stock they owned at the close of business on Friday, November 15, 2002, the record date for the spin-off, and will continue to hold their shares of AT&T common stock. Comcast shareholders will receive for each share of otd Comcast common stock one share of the corresponding class of the new Comcast common stock. The new Comcast common stock will begin traditnhg under the NASDAQ symbols CMCSA and CMCSK on Tuesday, November 19 . The Comcast Board of Directors consists of 12 directors. The five directors appointed by Comcast from its board are: Decker Anstrom, Sheldon M. Bonovitz, Julian A. Brodsky, Bden L. Roberts and Ralph J. Roberts. The five directors appointed by AT&T from its board are: C. Michael Armstrong, J. Michael Cook, George M.C. Fisher, Louis A. Simpson and Michael I. Sovem. The jointly appointed board members are; Kenneth J. Bacon and Dr. Judith Rodin. About Comcast Comcast Corporation (www. comcast.com), formedy known as AT&T Comcast Corporation, is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. The 'company is the largest cable company in the United States, serving approximately 21.4 million cable subscribers. The Company's commerce and content businesses include majority ownership of QVC, Comcast Spectacor, Comcast SportsNet, E! Entertainment Television, Style, The Golf Channel, Outdoor Life Network and G4. Comcast Ctass A common stock and Class A Special common stock will be traded on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively. -30-